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PRESS RELEASE

Date: June 29, 2005

For Immediate Release

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

IARA Looking into Establishing UK Chapter

MT. ARLINGTON, NJ - The International Automotive Remarketers Alliance (IARA) announced that they are exploring the possibility of establishing a chapter in the United Kingdom. IARA is a not-for-profit organization of professional vehicle remarketers who are engaged in the remarketing industry.

Founded in 2001, the IARA members have addressed industry issues via their standing committees and semiannual roundtable series industry sessions. Topics have included a standardized grading scale, benchmarking, condition reports, condition repairs, and the vehicle valuation process.

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