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Classified in: Science and technology, Covid-19 virus
Subjects: Webcast, Advisory

InsPro Technologies Corporation Announces Change to Location for 2020 Special Meeting of Stockholders


InsPro Technologies Corporation (OTCBB: ITCC), a leading provider of core policy administration software, today provided notice of a change in location for the Company's 2020 Special Meeting of Stockholders via the filing of additional proxy materials with the Securities and Exchange Commission ("SEC").

Due to the emerging public health impact of the coronavirus outbreak (COVID-19), and to support the health and well-being of the Company's employees and stockholders, the Company will hold its 2020 Special Meeting of Stockholders in a virtual meeting format only, via live webcast on March 30, 2020 at 10:00 a.m. Eastern Time. Stockholders of record as of the close of business on February 26, 2020 can attend the virtual Special Meeting via the internet at www.virtualshareholdermeeting.com/ITCC2020 by using the control number included on the proxy card, voting instruction form or notice previously received.

The Company urges stockholders to vote and submit proxies in advance of the Special Meeting by one of the methods described in the proxy materials for the Special Meeting.

About InsPro Technologies

InsPro Technologies Corporation offers InsPro Enterprise, an end-to-end, web-based policy administration system used by insurance carriers and third-party administrators. By managing the entire product and policy lifecycle on a single integrated platform, customers are afforded opportunities to accelerate new product introductions, lower costs, increase customer satisfaction and improve operational performance. InsPro's solutions are offered through standard software licensing, as a hosted solution, or via Software as a Service (SaaS) delivery.

Additional Information and Where You can Find It

In connection with the proposed transaction between Majesco and InsPro Technologies, Majesco and InsPro Technologies filed relevant materials with the SEC, including a definitive proxy statement of InsPro Technologies, filed with the SEC on March 2, 2020 and mailed to InsPro Technologies stockholders on or about March 4, 2020. Majesco and InsPro Technologies will each also file other documents regarding the proposed transaction with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT INSPRO TECHNOLOGIES, MAJESCO AND THE PROPOSED TRANSACTION. Investors and security holders will be able to obtain free copies of the proxy statement (when it becomes available) and other documents filed with the SEC (when they become available) by Majesco or InsPro Technologies through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by InsPro Technologies will be available free of charge on InsPro Technologies' website at https://www.inspro.com/ or by contacting Anthony R. Verdi, Chief Executive Officer, InsPro Technologies Corporation, at 1510 Chester Pike, Suite 400 Baldwin Tower, Eddystone, PA 19022 or by e-mail at info@inspro.com. Copies of documents filed with the SEC by Majesco will also be available free of charge on Majesco's website at http://www.Majesco.com/ or by contacting Lori Stanley, General Counsel, 412 Mount Kemble Avenue, Suite 110C, Morristown, NJ 07960, or by e-mail at lori.stanley@majesco.com.

Participants in Solicitation

This communication is not a solicitation of a proxy from any investor or security holder. However, Majesco, InsPro Technologies, their respective directors and certain of their respective executive officers may be deemed participants in the solicitation of proxies in connection with the proposed transaction under the rules of the SEC. INFORMATION REGARDING THE PARTICIPANTS IN THE PROXY SOLICITATIONS, INCLUDING INSPRO TECHNOLOGIES' AND MAJESCO'S DIRECTORS AND EXECUTIVE OFFICERS, AND A MORE COMPLETE DESCRIPTION OF THEIR DIRECT AND INDIRECT INTERESTS IN THE PROPOSED TRANSACTION, BY SECURITY HOLDINGS OR OTHERWISE, WILL BE CONTAINED IN THE PROXY STATEMENT AND OTHER RELEVANT MATERIALS TO BE FILED BY INSPRO TECHNOLOGIES AND MAJESCO WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION WHEN THEY BECOME AVAILABLE. These documents can be obtained free of charge from the respective sources indicated above.

This communication does not constitute the solicitation of any vote or approval.


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