IAA Expands its Geographic Coverage
17 August 2000
SCHAUMBURG, Ill. - Insurance Auto Auctions, Inc., announced today the opening of new facilities in Woodinville, Washington and Caldwell, Idaho. These new facilities give the company complete geographic coverage in the states of Washington, Oregon and Idaho. Insurance Auto Auctions now has 56 storage and auction locations sites nationwide. The Woodinville location is IAA's second location servicing the greater Seattle marketplace and provides 15 additional acres to address the market's expanded business needs. The 5-acre Caldwell, Idaho facility is a strategic addition and will provide service coverage for Boise and the rest of Southern Idaho as well as Northeastern Oregon and Southeastern Washington. "The addition of these new sites further expands our geographic coverage," commented Christopher Knowles, Chief Executive Officer. "The Woodinville facility in the north Seattle area significantly adds to our ability to service our customers and solidifies our presence in the important Seattle metropolitan marketplace. We will continue to add new sites in 2000 through acquisition and the opening of new facilities." About Insurance Auto Auctions, Inc. Insurance Auto Auctions, Inc., founded in 1982, a leader in automotive total loss and specialty salvage services in the United States, provides insurance companies with cost-effective, turnkey solutions to process and sell total-loss and recovered-theft vehicles. This is a $3 billion per year industry. The company currently has 56 auction sites across the United States. For additional information regarding Insurance Auto Auctions free of charge via fax, dial 1-800-PRO-INFO and use the company's stock symbol, "IAAI."