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Insurance Auto Auctions Reaches Agreement with RideSafely.com

March 18, 2009

For Immediate Release
Jeanene O’Brien
Vice President, Provider Marketing
708-492-7328
www.iaai.com

Insurance Auto Auctions Reaches Agreement with RideSafely.com
Providing a Robust Buying and Distribution Channel for Global Buyers

Westchester, Ill. – Insurance Auto Auctions, Inc., the leading North American salvage auto auction company, today announced reaching a strategic marketing alliance with RideSafely.com and its affiliate HaulMatch.com. Existing RideSafely.com offices in Hamburg, Dubai and Moscow will now offer IAA support services such as buyer registration, buyer payment and logistics assistance. In addition, IAA will now serve as RideSafely.com’s preferred auction source in these regions and the companies will work in concert to co-market and recruit buyers for their mutual benefit. HaulMatch.com will offer worldwide transportation services and provide instant and guaranteed transportation quotes to all IAA buyers.

RideSafely.com has a long standing reputation of successfully attracting bidders from around the world. Their local physical presence, strong customer service and HaulMatch.com’s transportation services will provide tens of thousands of new global buyers with the support they need to successfully bid and buy from IAA. RideSafely.com’s success, combined with IAA’s leading North American market position and quality service offering, will allow the companies to further attract additional bidders while moving more vehicles throughout the world.

“Further buyer expansion for IAA is clearly a global effort,” stated Tom O’Brien, CEO. “IAA’s agreement with RideSafely.com provides us with an international partner that is well positioned to help us continue to expand our lead in global vehicle remarketing through gaining additional buyers and, ultimately, increasing the demand for our vehicles.”

“We are thrilled to work with IAA, the largest salvage auto auction company in North America,” stated Yury Kaganov, COO for RideSafely.com. “This alliance will provide tremendous opportunity for both companies including a better product selection for buyers and broader market exposure for vehicle sellers. We feel the result of this alliance will be increased vehicle sales and an improved customer experience.”

Insurance Auto Auctions, Inc. is leading the salvage auto auction industry in North America by providing the largest facility footprint, strongest buyer base and highest selling returns. IAA’s exclusive focus on the salvage auto auction industry and over 150 corporate-owned facilities across the United States and Canada provides suppliers and buyers with the best solution to process and acquire total-loss, recovered-theft, fleet lease and rental vehicles. The company’s hybrid auction model, including live, Internet and proxy bidding, united with its mature buyer base and diverse inventory, produces record setting returns. With over 25 years in the industry, IAA holds the most comprehensive warehouse of salvage auction data. For more information regarding IAA, please visit our website at www.iaai.com.

RideSafely.com is the global leader in re-marketing technology for auto auctions. RideSafely.com’s Internet technology enables consumers around the world to participate in automotive auctions and to purchase vehicles from various Insurance Companies, Wholesalers, Fleets and Franchise Dealers through one centralized online portal. Today RideSafely.com offers over 50,000 vehicle listings weekly to over 400,000 registered buyers around the globe. The company’s 15 physical locations—10 domestic and 5 international—are strategically situated to facilitate purchase processes and to enhance customer experience. Technological innovation and robust domestic and international customer service constitute RideSafely.com’s commitment to its customers and alliance partners. For more information regarding RideSafely.com, please visit its website at www.ridesafely.com.

HaulMatch.com is a leading online vehicle transport brokerage service offered to both the general public and registered members of select U.S. auto auctions. HaulMatch.com facilitates both domestic and international vehicle transport at competitive, instant and guaranteed pricing.

Unlike its competitors, HaulMatch.com owns the process of matching customers’ vehicle transportation needs with qualified, highly rated carriers compliant with stringent liability standards and cargo insurance requirements. Keeping customers at the forefront, HaulMatch.com supplements its patent-pending online technology with a dedicated multilingual Customer Support Center to offer assistance throughout the vehicle transport process. For more information regarding HaulMatch.com services, please visit its website at www.haulmatch.com