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Insurance Auto Auctions Adds Mandarin Chinese Language Interface
Published: March 4, 2010

WESTCHESTER, Ill., March 4, 2010 — Insurance Auto Auctions, Inc. the leading hybrid model salvage auto auction company, has begun supporting a sixth language on its Web site – Mandarin Chinese. In addition, IAA also provides English, French, Polish, Russian, and Spanish language interface options. An estimated 30 plus percent of IAA’s vehicles are sold to foreign buyers, which further strengthens its hybrid auction model, offering healthy competition and escalating returns.

Insurance Auto Auctions Joint Effort Results in Amending Texas Legislation
Published: March 2, 2010

WESTCHESTER, Ill., March 2, 2010 — Insurance Auto Auctions, Inc. the leading hybrid model salvage auto auction company today announced their active participation in amending Texas Senate Bill 1095. Insurance Auto Auctions successfully amended a provision to Bill 1095 that specifies salvage dealers and insurance companies that deal in used auto parts will not be required to be licensed as auto recyclers as long as the sale of used parts is incidental to the salvage dealer or insurance company’s business. Additionally, IAA recommended that the definition of a salvage dealer in the proposed rule match the definition of a salvage dealer in the code. The final version of the rule was published on January 8, 2010, and included these amendments.

KAR Auction Services, Inc. Reports Fourth Quarter and Full Year 2009 Results
Published: February 26, 2010

Carmel, IN — KAR Auction Services, Inc. (NYSE: KAR), today reported its fourth quarter and annual financial results for the period ended December 31, 2009. For the fourth quarter of 2009, the company reported revenue of $417.9 million as compared with fourth quarter 2008 revenue of $396.2 million, an increase of 5%. Adjusted EBITDA for the fourth quarter of 2009 was $99.7 million as compared with fourth quarter 2008 Adjusted EBITDA of $57.5 million, an increase of 73%. Net income for the fourth quarter of 2009 was $5.3 million, or $0.05 per share, as compared with a net loss of $49.3 million, or $0.46 per share, in the fourth quarter of 2008. As shown in the attached reconciliation table, adjusted net income per share for the fourth quarter of 2009 was $0.15 versus an adjusted net loss per share of $0.33 for the fourth quarter of 2008.

Insurance Auto Auctions, Inc. Discusses Business Outlook
Published: February 16, 2010

Westchester, IL.— Insurance Auto Auctions, Inc., (IAAI) a wholly owned subsidiary of KAR Auction Services, Inc. (the “Company”) today discussed that in the ordinary course of business, Allstate, one of its insurance customers, has chosen to transition the remainder of its business to a competitor who already has the substantial majority of its volume. It is IAAI’s understanding that the transition will be completed sometime later in 2010.

Autoniq Provides ADESA’s Integrated Run Lists to Subscribers
Published: February 16, 2010

Carmel, IN—ADESA today announced it has reached an agreement with Autoniq, a service provider of used car information over smartphones, to include ADESA run list information to all subscribers.