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PRESS RELEASE

Date: September 20, 2002

For Immediate Release

Contact: International Automotive Remarketers Alliance (IARA)
Matt Marks, Executive Director
Phone: 973/398-2274
info@iaraonline.org

International Automotive Remarketers Alliance Launches Membership Drive at National Auto Auction Association Convention

NEW YORK - The International Automotive Remarketers Alliance launched a membership drive at the National Auto Auction Association convention here last week. “We’d like to invite everyone in the vehicle remarketing industry to join this great organization,” said Joe Blanco, membership committee spokesman. “We’ve recently seen a big surge in membership and we’re continuing to grow at a rapid pace. Anyone who is involved in the vehicle remarketing industry in any way needs to be a part of this alliance.”

There are two types of memberships available. Manufacturers, Captive Finance Companies, banks/financial institutions, vehicle leasing companies, commercial fleet and rental car companies can join as institutional members while industry vendors, suppliers and service providers can purchase an industry membership.

Anyone who is interested in learning more about the alliance can contact Joe Blanco at 714-984-4825, email jblancoflr@aol.com or visit www.iaraonline.org.

IARA is an alliance of executives, companies and associations coming together for the muitual benefit of the entire vehicle remarketing industry. The alliance seeks to merge and connect the efforts and interests of its members to accomplish common industry market goals and objectives.

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