Olympus Managed Health Care Appoints Steve Stoute, Insurance Industry Executive, to Board of Advisors

MIAMI, FL--(Marketwire - July 8, 2009) - Olympus Managed Health Care Inc., a leading provider of health care claims administration and cost containment services, announced today that Steve Stoute, a veteran insurance industry executive, has been appointed to the company's Board of Advisors. The Board establishes and manages the strategic direction of the company.

Stoute brings nearly 50 years of insurance industry experience to Olympus Managed Health Care. He is presently the Chairman of SRS Consulting, Inc., which specializes in providing technical support and advice to the life and health insurance industry. Prior to forming his own company, Stoute spent 49 years with the Sagicor Financial Corporation before retiring in March 2009. During his long tenure with Sagicor, he held many different management positions including Senior Executive Vice President, Corporate Secretary, and Underwriting Vice President, and was responsible for introducing a number of product lines including health insurance. He was also a director on many Sagicor's subsidiaries.

"Having Steve serve on our Board of Advisors is an exciting development as we look to strengthen our position in the marketplace and identify opportunities for continued growth," said Steven W. Jacobson, President and CEO of Olympus Managed Health Care. "He brings a wealth of insurance industry experience and knowledge to this Board. We believe that his deep understanding and critical insight into the marketplace will greatly benefit our company in the future."

A past president of the Insurance Association of the Caribbean, Stoute continues to serve on its Board and is the current Conference Chair. He was the founding president of the Institute of Caribbean Risk Managers and a long time vice president of the Barbados Chamber of Commerce and Industry. Stoute has worked with numerous international organizations and agencies, served on the LIMRA/LOMA Educational and Training Council and the PAHO Commission on Health Care Financing in the Eastern Caribbean. Stoute is also well know in the Caribbean Region and beyond as a sports administrator. He is Chairman of the Caribbean Association of National Olympic Committees, President of the Barbados Olympic Committee and member of a number of international sports organizations.

About Olympus Managed Health Care Inc.

Olympus Managed Health Care Inc. is the leading independent provider of health care claims administration and cost containment services. Since its inception in 1994, Olympus has focused exclusively on facilitating access to health care on behalf of its health care clientele. Olympus' innovative approach to health care reduces expenses by focusing on cost up pricing, while simultaneously enhancing end user satisfaction. Olympus' products and services focus on bringing value to the payer, medical provider, and health care consumer. Olympus is privately held and 100 percent management owned.

Contact Information: Media Contact: Ed Emerman Eagle Public Relations 609-275-5162 eemerman@eaglepr.com