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SeaPass Solutions, Inc. Announces Name Change to BOLT Solutions Inc. and Launches the Bolt Platform

BOLT Solutions Inc.

NEW YORK, April 2, 2013 (GLOBE NEWSWIRE) -- SeaPass Solutions, Inc. today announced it has changed the company's name to BOLT Solutions Inc. ("Bolt"), effective immediately. The Bolt name better captures the company's new positioning and supports its strategy going forward. At the center of this strategy is the Bolt Platform, which was also broadly launched today, following its successful implementation at some of the world's leading insurance companies. The company's redesigned website (www.boltinc.com) showcases this unique online sales and client service platform for insurance products in tandem with the company's new branding.

"This change reflects a natural progression for the company," said Eric Gewirtzman, CEO of Bolt. "A few years ago we set out to deliver a better way for small business owners to shop for and buy insurance online. In the process we created the Bolt Platform, which evolved into a better way for anyone to shop for and buy insurance online. We're proud to bring this powerful platform to the industry so that insurance companies and agents can leverage it to gain market share."

Operating under the SeaPass name, the company earned a solid reputation as a leading independent provider of web-based insurance distribution software for the property and casualty (P&C) insurance industry. As Bolt, the company has expanded its offerings beyond software. By leveraging the new Bolt Platform, Bolt will now also offer a complete end-to-end environment, from quote to issue to service, including all the technology, people, and processes – as needed. All stakeholders in the insurance buying and selling process have access to the Bolt Platform for real-time interaction to choose, buy, sell, and service insurance. Users of the Bolt Platform include policyholders, agents, brokers, MGAs, wholesalers, and carriers.

With Bolt, agents and consumers are now able to choose and buy insurance through any channel. For carriers, the Bolt Platform enables them to serve all of the insurance needs of their customers while growing market share, improving retention and increasing revenue per customer.

The Bolt Platform is a fully integrated, turnkey, software-as-a-service, cloud offering that includes:

  • Full technology platform, including a portal for consumers, independent agents, captive agents, wholesalers, brokers and consumers;
  • Integrated call center technology;
  • Reporting and analytics;
  • Fully licensed agents in all 50 states for both personal lines and commercial lines; and
  • Access to personal and commercial lines products from top insurance companies, MGAs and wholesalers in the U.S.

The Bolt Platform is also available for white labeling and can be implemented in a matter of weeks due to its cloud deployment.

About BOLT Solutions Inc.

Headquartered in New York and founded in 2000, BOLT Solutions Inc. (formerly SeaPass Solutions Inc.) offers the leading online sales and client service platform for anyone who wants to sell or buy insurance online. The Bolt Platform supports all of the insurance needs of its customers, while driving market share, retention and increased revenue for its insurance industry partners. Bolt is an ICG company (Nasdaq:ICGE). For more information visit www.boltinc.com, email info@boltinc.com or call 212-608-4646.

CONTACT: Chrissy Snyder BOLT Solutions Inc. chrissys@boltinc.com (212) 981-4684

Source:BOLT Solutions Inc.