Asset Management Products Available Through InsuroCity.com

TORONTO, February 7, 2001 – Asset
Management Software Systems Corp. (CDNX: YMS)
today announced that during the Ontario
Insurance Adjusters Associations Claims 2001 event its website and products have been made
accessible through the P & C Insurance site, InsuroCity.com.

InsuroCity.com has linked the Mississauga based companies
AccuClaim™ and Salvage Source to their
participants page. InsuroCity.com is a meeting place for all participants in the
claims process. InsuroCity was founded by Vital Innovations Inc. Vital has
been developing claim-processing solutions for the insurance industry since 1988 and is
headquartered in Waterloo, Ontario.

Rob Gow, Vice President e-Business Solutions for InsuroCity
stated: “AccuClaim™ and Salvage Source are
property claims technology solutions needed daily by the insurance company’s
adjusters. It was a natural fit. With a direct link we will be able to offer independent
adjusters and insurance companies a greater variety of products and add to our existing
claims solutions. We have been servicing the claims industry for over 13 years. Adding AccuClaim™
and Salvage Source is a further step towards providing the property and
casualty claims industry with innovative Internet claims solutions. ”

AccuClaim™ is
currently available to the property claims processing market in North America on a
stand-alone or network basis. AccuClaim™’s proprietary technology, software
and database are designed to enable insurance companies and independent adjusting firms to
increase profitability and provide superior customer service while lowering content claim
costs. Salvage Source is an on-line insurance salvage auction site.

For further information, please contact:

Mr. Aidan S. Bolger
President, CEO
Asset Management Software Systems Corp.
Tel: (905) 890-9252

E-mail: solutions@accuclaim.net

Web:


www.accuclaim.net
www.insurocity.com
www.oiaa.com

The statements made in this Press Release may contain certain forward-looking statements
that may involve a number of risks and uncertainties. Actual events or results could differ materially from
the Company’s expectations and projections.