FirstSalvage, Inc. Awarded Small Business Grant

FirstSalvage Provides Web-Based Software Solutions to the Auto Insurance Market

CHICAGO, Feb. 8 -- FirstSalvage, Inc., a web-based software provider for the auto insurance market, announced last week it has been awarded a small business grant from the Chicago West Side Entrepreneurship Center (CWSEC). The Center's Grant program, Opportunity Returns, is designed to assist Chicago businesses with high growth potential. The award also requires 100% matching funds from the recipient.

"This underscores that Chicago can be a leader with growing start-up companies," said Michael Quintos, President and CEO. "With seventy percent of all new jobs coming from small business, I applaud the CWSEC for committing to this goal. I am also excited about the validation of the business opportunity by such a distinguished panel." He plans to use the funds for customer acquisition purposes.

"FirstSalvage has a unique technology-based product for auto insurance companies. We are happy to assist them with this grant," said Susan Alnaqib, Director of the CWSEC. "The Illinois DCEO and the CWSEC recognize that some of the largest insurance providers are based right here in Illinois and that is good for business."

About the Chicago West Side Entrepreneurship Center (CWSEC)

The Chicago West Side Entrepreneurship Center (CWSEC) was founded in June 2003 by the Illinois Dept. of Commerce & Economic Opportunity (DCEO). Their mission is to be a catalyst for small and medium-sized business enterprises with high-growth potential. They develop them into economically viable and sustainable companies that will grow & create jobs in Illinois. The CWSEC also offers comprehensive professional services and business planning assistance for start-up companies. Their partners include the University of Illinois at Chicago (UIC) and Chicago Community Ventures (CCV).

About FirstSalvage Inc.

FirstSalvage Inc. delivers a Web-based software solution, using the latest Microsoft .NET technology. It addresses the specific needs of the Property & Casualty insurance industry and its many trading partners involved in title compliance, salvage asset management and parts ordering. Michael Quintos, who has 12 years experience in the auto claims market, founded the company.

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