ADESA Corporation Acquires I-44 Auto Auction

    INDIANAPOLIS, May 2 ADESA Corporation, North America's
fastest growing wholesale vehicle remarketing services company, announced
today that it has acquired the I-44 Auto Auction in Tulsa, Okla. from founding
president, Dub Enlow.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/20010308/ADESALOGO )
    Located on over 85 acres of property on Interstate 44 at 161st East Avenue
in Tulsa, I-44 Auto Auction will be renamed ADESA Tulsa and will be managed by
current general manager, Duane Snapp.  ADESA Tulsa will offer six fully
automated auction lanes, storage for over 3,000 vehicles and a five-bay
reconditioning and detail facility.
    "The acquisition of I-44 Auto Auction will create a presence in Oklahoma
and will further expand ADESA into the Southern Plains region," said Jim
Hallett, president and CEO of ADESA Corporation.  "ADESA is pleased to
associate with an auction that has continued to receive high rankings from
several respected auto remarketing organizations."
    Founded in 1987, the I-44 Auto Auction employs 175 people.  The addition
of this sale brings the total number of ADESA auctions in North America to 55.
    "We have an outstanding reputation in Tulsa, skilled workers, and over
14 years in the auction business that will complement the ADESA auction
chain," said Duane Snapp, general manager of ADESA Tulsa.  "We've always been
driven to do more, to be better and to serve our customers in every way.
Joining ADESA will strengthen those efforts."
    Headquartered in Indianapolis, Ind., ADESA Corporation is a wholly owned
subsidiary of ALLETE , a unique and diversified multi-services
company.  ADESA operates 55 wholesale vehicle auctions strategically located
across the United States and Canada.  In addition, the Automotive Services
segment of ALLETE operates several other related businesses in the vehicle
remarketing industry including total loss and recovery services, Automotive
Finance Corporation (AFC) dealer financing, AutoVin inspection services, Great
Rigs auto transporters, PAR remarketing services, and ADESA Importation
Services (AIS).  For further information on ADESA Corporation, call
800-923-3725 or go to http://www.adesa.com

                     MAKE YOUR OPINION COUNT - Click Here
               http://tbutton.prnewswire.com/prn/11690X91102687