DMS prepares for MONY systems conversion

DMS is completing the development of its proprietary fully integrated policy and claim administration systems software in preparation for the data conversion of the MONY Life Insurance Companys (“MONY”) individual Disability Income policy information. DMS initiated the systems development project after entering into its administrative services contract with MONY effective January 1, 1998. The data conversion is to be completed during the 4th quarter of 2001.