eAutoclaims and Global Now, Inc. Form Joint Venture for Salvage Disposal
eAutoclaims and Global Now, Inc. Form Joint Venture for Salvage Disposal
PALM HARBOR, Fla., Sept. 11 eAutoclaims (OTC Bulletin Board: EACC) (EACC) announced today it has signed a joint venture agreement with Global Now, Inc. (http://www.global-now.com) a technology and eCommerce development company that specializes in the auto salvage and used auto parts industries. The joint venture is in development for EACC's wholly owned subsidiary Salvage Connection (http://www.salvageconnection.com), an online salvage disposal provider. The venture will allow Salvage Connection access to Global Now's worldwide salvage disposal network, SalvageNow, and to the advanced inventory management and reporting tools available within Global Now's eCommerce software application. Salvage buyers will have access to hundreds of vehicles currently available from leading insurance carriers and car rental companies. Global Now's software application will enable EACC Clients real-time online access to comprehensive inventory management and reporting features such as vehicle location, condition and status; claim and auction process times; vehicle valuation, loss retention, and vehicle sale information. These tools provide clients a comprehensive platform to manage, market, and sell their salvage inventories. Utilization of the software application opens Salvage Connection auction vehicles to a worldwide salvage vehicle buyer network. This increased exposure and a competitive online live bidding environment provide for a potential increase in the recovery values of the vehicles. The EACC clients currently utilizing the "Bricks to clicks" Internet Claims System will be able to put their salvage vehicles on to an aggressive auction moments after confirmation of a total loss. With a click of their mouse, EACC client adjusters will upload the condition report and photos to the Salvage Connection for a 3-day auction in one seamless transaction offering significant savings in hard dollar disposal and storage costs. About eAutoclaims: eAutoclaims is a pioneering business-to-business Internet infrastructure company that utilizes the Internet to streamline and lower the overall cost of automotive repairs paid by insurance companies and on corporately owned fleet vehicles. The company is creating a new online digital automotive maintenance organization industry within the $23 billion market of the auto collision claim industry. eAutoclaims is establishing itself as the pre-eminent Application Service Provider for the automobile insurance industry, providing seamless back-end infrastructures that link thousands of collision repair shops and/or glass repair facilities into a network. The company offers a cost effective and highly advanced "Bricks to Clicks(TM)" Claims System for the processing and ultimate repair of damaged vehicles filed as insured auto claims and by self-insured fleets. eAutoclaims generates revenue from administrative fees and discounts earned by processing collision & glasswork through its system. Forward-looking statements involve known and unknown risks and uncertainties. These and other important factors, including those mentioned in various filings with the Securities and Exchange Commission, made periodically by the Company (available to the public at http://www.sec.gov), may cause the actual results and performance to differ materially from the future results expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company's expectations or future events.
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