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Compliance 360’s Customer Wins Best Compliance Practices Award for 2006

Atlanta, GA. – December 14, 2006 – Compliance 360, a provider of governance, risk and compliance management software, is pleased to announce that Health Care Service Corporation (HCSC) recently received a Best Practices award by Health Ethics Trust (HET). HCSC, a Compliance 360 customer, was presented with their award named the “Regulatory Oversight Office Award” during the annual Healthcare Best Compliance Practices Forum ceremony held in Alexandria, Virginia.

The Health Ethics Trust (HET) is a division of the Council of Ethical Organizations and a non-profit organization working with healthcare industry since 1980 on practical approaches to compliance issues. The awards given by this committee are competitive and based on a peer review process that has evolved over the past 11 years. Trust President Mark Pastin, Ph.D. commented, “These are the only true industry recognition awards for integrity and compliance practices. The organizations that have won awards have incredible compliance track records.”

“We are proud to be associated with HCSC and their leadership in the health insurance industry,” stated Steve McGraw, president and chief executive officer, Compliance 360, Inc. “We applaud their recent success and look forward to assisting them as they continue their excellence.”

About Health Care Service Corporation
Founded in 1936, HCSC is the largest non-investor-owned health insurer in the United States and the fourth largest health insurer in the country overall, operating the Blue Cross and Blue Shield plans in Illinois, New Mexico, Oklahoma and Texas. HCSC’s life insurance subsidiaries, Fort Dearborn Life Insurance Company in Illinois and Colorado Bankers Life Insurance Company in Colorado, operate as Preferred Financial Group and offer life insurance and financial products. HCSC is an independent licensee of the Blue Cross and Blue Shield Association. For more information, please visit www.hcsc.com.

About Compliance 360
Compliance 360, Inc. helps companies in regulated industries address the most important facets of a comprehensive governance, risk and compliance management program—reducing risks, reducing costs, improving efficiencies and protecting a company’s brand. The Compliance 360 web-based software suite includes products that address IT governance, policies and procedures management, incident management, surveys, Sarbanes Oxley compliance and enterprise risk management. Compliance 360 has headquarters in Atlanta, GA and serves over 300 customers in financial services, insurance, and other highly regulated complex business environments. For more information, visit Compliance 360 at www.compliance360.com.