Travis Software Corp. History

Travis Software Corp. was founded in June, 1986, shortly after the enactment of the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) which mandated group health continuation for the first time and created the market opportunity for the Company's first product, the TravisCobra software system.

After TravisCobra's early success, we expanded our product offerings, releasing TravisFlex in 1987 and the Retiree Premium Billing System in 1989 (now "TBILL"). Over 4,000 employers, TPA's and benefit administrators have installed these three systems (and their Windows-based successors) to aid them in administering the employee benefits offered to employees, retirees and dependents. And now with the WebCOBRA.com system we're offering our customers a way to perform COBRA administration and Retiree Billing via the Internet.

Travis provides support on each of the systems, and we've updated each of our systems over the years, keeping up with new and changing Federal and State benefit laws and regulations and adding features suggested by customers. The Company also has an aggressive development program for new products, designed to meet additional benefit administration needs of new and existing customers.

Travis is owned by its founders and is based in Houston, Texas. The Company projects 2008 revenues at $5.2 million, and has been solidly profitable each year since 1986.

Travis Software Corp. Staff

Employee benefits administration is a specialized field, and in order to provide software to benefits professionals, Travis has built its own team of benefits-experienced people to develop, support and maintain our systems.

The group our customers and prospective users contact most frequently is our Customer Support group. The understanding of the benefits and laws on which our software is based helps the support staff understand what a customer is trying to accomplish and provide solutions quickly. The support people also are the ones who gather information about the improvements our customers want added to the systems, and feed that information to the development staff.

The development staff has an average of ten years with Travis, so we've been able to build on their knowledge of benefits and the benefits laws our systems model to develop new products and new releases of existing products quickly.