With approximately 60 full time professionals, Alacrity is a high performance insurance services company that produced approximately 70,000 structural property loss estimates and managed more than $150 million in structural property repairs in 2001 alone. The company has been a pioneer in the insurance related property repair and vendor management business. Home office operations are based in Atlanta, Georgia. According to Forrester Research, in The Virtual Claim Trading Hub* products like Alacrity's connect insurers, claims adjusters, and managed vendors together using technology to efficiently collaborate and resolve claims. Functioning in real-time as the trading exchange between claim adjusters and property suppliers, Alacrity products set and enforce work standards that successfully manage business processes and bottom-line results. * Forrester Research- The Virtual Claim January 2001 Within the AlacNET secure application, claim adjusters report property losses to Alacrity's managed contractor network; view property damage estimates and photos of the loss; and approve settlement by; procuring the vendor to complete the repairs at the agreed upon price. On personal property loss Alacrity technology can accurately produce pricing on thousands of items and offer direct replacement through participating vendors. Contractors and vendors are managed through a skilled field and customer support group to maintain a high level of customer satisfaction. Alacrity Regional Field Managers include former claims adjusters, contractors, and engineers who work with carriers, adjusters and vendors to resolve technical claims issues, property repair issues and vendor performance issues. Alacrity claim consultants, who make up our Customer Support Group, also include former claims adjusters and contractors. The CSG professionals oversee the fulfillment and delivery of our service on every claim assignment. Claim executives can review vendor and adjuster performance, customize their own vendor network, set workflow rules, and produce valuable management and performance information about their claims experience, vendors, and adjusting staffs.   Over the past twenty years, Alacrity's principals and management have been involved in the claims business. Based on research, and intimate customer experience with the product, management believes that their unique service delivery model and supporting technology will continue to experience market acceptance and revenue growth. A national and international opportunity exists to fulfill the insurance industry demands to keep costs low, while providing high-value customer-centric services. Our innovative web-based claim management tools and customer service infrastructure provides economic and service benefits for both progressive and more traditional insurance companies. An opportunity exists to generate significant revenues and profit, helping to alleviate the inefficiencies and excessive costs in the $31 billion-dollar-a-year Property Claims business.