Securities and Exchange Commission
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
October 9, 2003
Commission file number 0-23903
eAutoclaims.com, Inc.
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(Exact name of small business issuer as specified in its charter)
Nevada 95-4583945
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
110 East Douglas Road, Oldsmar, Florida 34677
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(Address of principal executive offices)
(813) 749-1020
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(Issuer's telephone number)
ITEM 5./ITEM 9. OTHER EVENTS/REGULATION FD DISCLOSURE.
EAutoclaims' customer, Royal & Sun Alliance (Royal), announced that they
have sold a portion of the business that eAutoclaims services. This portion of
Royal's business constitutes approximately 25% to 30% of eAutoclaims' business
and there is no assurance that eAutoclaims will retain the business once it's
transferred to the purchasing insurance company. Royal is also currently
offering their remaining US business for sale, which if sold would include an
additional 25% of eAutoclaim's business, should the company not retain servicing
the business.
On the portion of the business already sold, Royal will continue to write
renewal policies on this business for approximately five months before the
transaction will begin. At that time Royal will continue to service the policies
that were previously sold until the policies expires over a twelve-month period.
Management expects that with this gradual reduction in claims processed
eAutoclaims' will be able to at least replace the lost business with other
customers that recently began participating in eAutoclaims' programs. However,
there are no assurances that these new customers will mature into long range
customers.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
eAutoclaims.com, Inc.
Dated 10/17/03 /s/ Eric Seidel
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President & CEO