OAK RIDGE, Tenn., March 23, 2004 (PRIMEZONE) -- Diversified Product Inspections, Inc. (OTCBB:DPRI), a provider of independent product failure analysis, air contamination and fire investigations for the insurance industry, announced today that the company plans to implement a new multi level pricing schedule. This change will provide the insurance industry an improved method of selecting the DPI service which will be the most appropriate level of forensic analysis for product liability investigations in order to produce the best subrogation and recovery results.
John VanZyll, president and CEO said, "DPI will begin marketing our varied services in a different more definitive way beginning April 1, 2004, by arranging the existing services into levels of service from Level I to Level III. In listening to our clients, we feel that if we clearly identify in detail what they can expect from each type of report and the level of expertise used in creating product liability reports, it will increase our clients' success rate in subrogation cases and has the potential to increase DPI's revenues. All the levels of service are currently available to our clients, but with the new method of marketing our services, it should clarify the price and details of what is offered with each level of service. Level I is $200 for non fire items and designed for claims of $1,500 to $20,000 ($275 for fire and large items) Level I is the current standard report. Level II will be a $450 base fee plus hourly fees, which we recommend for claims $20,000 to $40,000 and includes a higher level of detail and will be signed by a licensed professional engineer. Level III has a $550 base rate plus hourly fees and is suggested for claims $40,000 and above. Level III incorporates full scale engineering testing and reports signed and sealed by a licensed engineer. This Level of Service pricing system will make it easier for the insurance adjuster, claims managers and lawyers to choice the proper level of report to maximize recovery success. Details of the Level of Service program can be viewed on DPI"s Web site: www.dpi-inc.com."
About Diversified Product Inspections, Inc. (www.dpi-inc.com)
Launched in 1991 and headquartered in Oak Ridge, Tenn., Diversified Product Inspections, Inc. provides expertise and unbiased, independent investigations on product failures, air contamination and fire investigations of all multi-billion dollar markets which directly impact three groups -- the insurance industry, manufacturers and consumers. In addition, DPI has developed an array of comprehensive services for these three targeted groups, giving the company the ability to better inform consumers of defective products and recalls (http://www.homechecksafety.com), improve quality control processes with manufacturers and work with the insurance industry to recover funds via subrogation -- a process whereby the insurer enforces its right to recoup from any third party that caused the loss on behalf of the policyholder.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. The words "believe", "expect", "anticipate" and "project", and similar expressions identify forward-looking statements, which speak only as of the date the statement was made. Such statements may include, but not be limited to, projections of revenues, income or loss, expenses, plans, and assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future results could differ materially from those described in forward-looking statements.