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Automotive News
KLM Performance's Automotive News coverage is updated daily with news updates published as they are released to the media. These updates cover the latest developments in trucks, add-on components, racing, and the truck enthusiast lifestyle. Feel free to discuss any news releases in KLM's Discussion Forum.
Tuesday, February 19, 2008
5th Annual Women in the Winner's Circle Luncheon
5th Annual Women in the Winner's Circle LuncheonRace Site - Committed sponsors include NASCAR, USAC, Indy Racing League/Indy Pro Series, NHRA, Champ Car World Series/Atlantic Series, American Le Mans Series (ALMS), Grand-Am, Racing Limos, and National City Bank. Honored at this event will be journalist/author Daytona 24: Pirelli race reportMotorsport.com - It was a smart move as two major periods of rain on Saturday and Sunday and the always-close and competitive nature of Grand-Am racing had Pirelli personnel literally working non-stop for the majority of the weekend to keep the Rolex 24 rolling. The Vision Racing enters Daytona 24, names driversMotorsport.com - In spite of the collective racing experience and success amongst the Vision Racing driving core, all five drivers understand that success in Grand Am racing at Daytona doesn't come easy. That is especially the case this season as timing alone as put EPIC Signs Exclusive Marketing Agreement with the NASCAR Grand-Am Financial News USA - EPIC commences its marketing campaign in conjunction with the opening of the 2008 Rolex Grand-Am Racing Series at the Daytona National Speedway on Saturday, January 26, 2008. The first of fourteen races. The race will be televised nationally on the Grand-Am Launches Redesigned Website for Increased Fan Communications Who Won - DAYTONA BEACH, Fla. -- Grand-Am announced today the launch of a newly designed website at www.grand-am.com aimed at bringing to race fans the Grand-Am racing experience when they can’t attend races at the track. The new site will also provide Xpel Technologies CorpSan Antonio Business Journal - About Xpel Technologies Corp XPEL Technologies Corp. (TSXV: DAP.U), publicly traded on the TSXV Exchange, is the Agreement XPEL Paint Protection Film to be Installed on Cars Competing in the Series - [dBusinessNews.com] XPEL inks Grand-Am racing
Rainbow Babies & Children's Hospital, Safe Kids Greater Cleveland and the Cleveland Auto Show Team Up to Promote Child Safety in and Around Cars
Rainbow Babies & Children's Hospital, Safe Kids Greater Cleveland and the Cleveland Auto Show Team Up to Promote Child Safety in and Around Cars CLEVELAND, Feb. 19 /PRNewswire/ --
(Logo: http://www.newscom.com/cgi-bin/prnh/20070802/CLTH076 ) What: Press conference highlighting children's safety in and around
cars to kick off the Cleveland Auto Show. The event will
highlight the steps parents and caregivers can take to
prevent the tragedies that take place every year in the
Greater Cleveland area when children are backed over in cars
driven by family members or suffer heatstroke when left alone
in cars. When: Thursday, February 21, 2008, at 1:00 p.m. Where: Cleveland I-X Center, East Entrance Lobby Available for the press: Experts from Rainbow will be on hand to discuss
the risks to children in and around cars and will preview the
interactive demonstrations and displays they have for parents
and caregivers who will be visiting the auto show over the
next week. Displays include an eye-opening Spot the Tot
exercise that will have adults thinking in new ways about how
safe their children may be around motor vehicles and other
activities related to trunk entrapment and the dangers to
children left alone in vehicles. Key issues: With the impending return of warm weather to Cleveland,
injuries to children in and around cars are bound to rise.
Every year, Ohio children are killed or seriously injured
when they are backed over by cars driven by family members or
when they are left unattended in vehicles. More than 2,000
U.S. children are treated for back over-related injuries each
year and an average of 230 are killed. Half of these
incidents involve children between the ages of 1 and 4 and
most occur on residential driveways; in most cases, the
driver is a parent, grandparent, or family friend. Consumer
trends may also heighten the risks for children: large,
high-profile vehicles like minivans, SUVs, and pickup trucks
have bigger blind spots and are associated with a higher
incidence and severity of driver back over injuries when
compared to passenger cars. Children face risks inside
parked vehicles as well. Each year, thousands of children
are treated for heat-related injuries and an average of 33
die from heatstroke after being left unattended in vehicles.
According to Walter Chwals, MD, Director of Rainbow Babies &
Children's Hospital's Level I Pediatric Trauma Center, "Even
with a window slightly open, the temperature inside a vehicle
on a typical sunny summer day can reach potentially deadly
levels within minutes. Because children's core body
temperatures rise far faster than adults', they can easily
suffer permanent injury or even death when left alone in a
parked car. Even if you think you'll only be gone for a
minute, it's never safe to leave a child alone in a vehicle." CONTACT: Kathryn Wesolowski
(216) 983-1124 or
Kathy.Wesolowski@UHhospitals.org Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070802/CLTH076
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Rainbow Babies & Children's Hospital
Contact: Kathryn Wesolowski of Rainbow Babies & Children's Hospital,
+1-216-983-1124, Kathy.Wesolowski@UHhospitals.org Web site: http://www.clevelandautoshow.com/
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Profile: automotive-news
posted by automotive-news # 8:10 PM
Subaru Sponsors Flower Shows
Subaru Sponsors Flower Shows - Subaru to sponsor throughout February and March - CHERRY HILL, N.J., Feb. 19 /PRNewswire/ -- Subaru of America, Inc. is to sponsor three flower shows throughout the nation during the months of February and March. (Logo: http://www.newscom.com/cgi-bin/prnh/20050404/PHSUBARULOGO ) "Subaru's sponsorship of flower shows is a great way to show our commitment to the environment," said Tim Mahoney, CMO, Subaru of America. "Our owners index as some of the most active and environmentally concerned people in the U.S. and so our association with horticultural events is a natural fit for us." Subaru is sponsoring three events in February and March including the Northwest Flower & Garden Show in Washington, the 2008 Philadelphia Flower Show in Pennsylvania, and the San Francisco Flower & Garden Show in California. Specific event information is as follows: -- Northwest Flower & Garden Show
Washington State Convention Center in Seattle, Wash.
February 20-24
The theme for this year's Northwest Flower & Garden Show is "Live
Beautifully, Live Outdoors." With gardening as one of the top hobbies
for Subaru Forester customers, Subaru will feature an all-new 2009
Subaru Forester Partial Zero Emissions Vehicle (PZEV) at this year's
show. As a first-year sponsor, Subaru will have plenty to offer the
expected 70,000 show attendees with giveaways that include wildflower
seeds, an autographed copy of Inspired by Jamie Durie, host of the
Subaru-sponsored "Victory Gardens" show on PBS, to those who test drive
a Subaru and an offer of $500.00 off the purchase or lease of a new
Subaru vehicle (with limitations). Please visit the Subaru booth at
the show for the test drive offer and incentive information. For more
information on the show, visit www.gardenshow.com. -- 2008 Philadelphia Flower Show
Pennsylvania Convention Center in Philadelphia
March 2-9
Returning for the seventh year as a sponsor, Subaru plans to contribute
to this year's "Jazz It Up" theme at the Philadelphia Flower Show with
a "green roof" and an all-new 2009 Subaru Forester Partial Zero
Emissions Vehicle (PZEV) in its concourse display. A featured speaker
will discuss "green roofs" and their contributions to the environment
during a scheduled session in the "Subaru Gardner's Studio" at the
show. The 2008 Subaru Tribeca will also be on display in a space
designed by EP Henry. Giveaways include a jazzy flower seed mix and
autographed copies of Jamie Durie's Inspired to Subaru test drive
participants. Those interested in the test drive offer should visit
the Subaru booth at the show to register. For more information on the
show, visit www.theflowershow.com. -- San Francisco Flower & Garden Show
Cow Palace in Daly City, Calif.
March 12-16
Sharing the same theme of "Live Beautifully. Live Outdoors." as the
Northwest Flower & Garden Show, the San Francisco Flower & Garden Show
will also feature an all-new 2009 Subaru Forester Partial Zero
Emissions Vehicle (PZEV). As a first-year sponsor, Subaru will once
again provide giveaways to the 60,000 expected attendees, which include
wildflower seeds and autographed copies of Inspired by Jamie Durie,
host of the Subaru-sponsored "Victory Gardens" show on PBS to consumers
who participate in Subaru's test drive program. Those interested in the
test drive offer should visit the Subaru booth at the show to register.
For more information on the show, visit www.gardenshow.com. About Subaru of America, Inc.
Subaru of America, Inc. is a wholly owned subsidiary of Fuji Heavy Industries Ltd. of Japan. Headquartered in Cherry Hill, N.J., the company markets and distributes Subaru Symmetrical All-Wheel Drive vehicles, parts and accessories through a network of nearly 600 dealers across the United States. Subaru makes the best-selling All-Wheel Drive car sold in America based on R.L. Polk & Co. new vehicle retail registration statistics calendar year-end 2005. For additional information visit www.subaru.com.
Contact: Michael McHale
Subaru of America, Inc.
(856) 488-3326
mmchale@subaru.com First Call Analyst:
FCMN Contact: Photo: http://www.newscom.com/cgi-bin/prnh/20050404/PHSUBARULOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Subaru of America, Inc.
CONTACT: Michael McHale of Subaru of America, Inc., +1-856-488-3326,
mmchale@subaru.com Web site: http://www.subaru.com/
http://www.gardenshow.com/
http://www.theflowershow.com/
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Profile: automotive-news
posted by automotive-news # 5:40 PM
Chrysler's Motion to Reclaim its Tooling from Plastech is Denied
Chrysler's Motion to Reclaim its Tooling from Plastech is Denied AUBURN HILLS, Mich., Feb. 19 /PRNewswire/ -- Today a Federal Bankruptcy Judge in Detroit ruled that Chrysler LLC cannot reclaim its tooling from Plastech. Plastech, a Tier I supplier of various interior, exterior and powertrain plastic components, filed for bankruptcy protection on Feb. 1 after Chrysler notified the supplier it had terminated its supplier contracts and was taking action to recover its tooling. The matter was argued in a two-day hearing in U.S. Bankruptcy Court. Chrysler's statement, to be attributed to Chrysler spokesperson, Kevin Frazier, is as follows: "We are obviously disappointed with this decision. We cannot provide further information at this time. However, we will continue to work with all parties to ensure that our plants continue to receive deliveries of parts." First Call Analyst:
FCMN Contact:
Source: Chrysler LLC
CONTACT: Kevin Frazier, +1-248-512-3469 office, +1-248-808-1484 cell,
kef17@chrysler.com, or Mike Palese, +1-248-512-2682 office, +1-313-930-1252
cell, mp88@chrysler.com, both of Chrysler LLC Web site: http://www.chrysler.com/
http://media.chrysler.com/ Note to Editors: For more information, please visit the Chrysler media site at http://www.media.chrysler.com. -------
Profile: automotive-news
posted by automotive-news # 5:27 PM
And They're Off: Robots Built by High School Students Headed for Car Racing-Themed Competition
And They're Off: Robots Built by High School Students Headed for Car Racing-Themed Competition 2008 New Jersey FIRST Robotics Contest Just Weeks Away STATEWIDE, N.J., Feb. 19 /PRNewswire/ -- After gearing up over the past six weeks designing and building their robots and plotting their game strategy, more than 2,000 high school students from dozens of high schools will ship their machines today to the Sovereign Bank Arena in Trenton for the 12th annual New Jersey FIRST Robotics Competition, sponsored by Johnson & Johnson. This year's contest, dubbed "FIRST Overdrive" for its car racing-like characteristics, takes place Feb. 29 and March 1, 2008. During the two-day event, the sophisticated, autonomously and remote-controlled robots will compete in a series of qualifying matches before the quarter-finals and final matches on Saturday afternoon. The FIRST competition is about more than outscoring opponents, though. Teams are judged on design, team spirit, professionalism and ability to overcome problems. FIRST enables students to explore a professional field not commonly experienced at the high-school level. FIRST, the acronym of For Inspiration and Recognition of Science and Technology, is an international initiative intended to spark an appreciation of science and technology in young people established by the accomplished inventor Dean Kamen. Since its inception in 1989, FIRST has grown into an international movement. This year more than 37,500 high school students comprising 1,500 teams from across the United States and abroad will compete in 41 regional competitions leading up to the 2008 FIRST Championship at the Georgia Dome in Atlanta, April 17-19. "By participating in FIRST, students acquire skills and encounter situations that give them a real feel for many types of careers in science-related fields," said FIRST Regional Director Randy Schaeffer. "Students come to appreciate the excitement of technological innovation. From electrical engineering to genomics and nanotechnology, these kids have countless options." "FIRST provides an exhilarating competitive experience that motivates teens," said Sheri McCoy, Worldwide Chairman, Surgical Care Group, Johnson & Johnson, who leads the Corporation's sponsorship of the FIRST Competition. "The skills they acquire in communication, teamwork, critical thinking and troubleshooting are mandatory in today's technologically driven economy." The New Jersey FIRST Robotics Competition is free and open to the public. Visitors can enjoy the excitement and watch the high schoolers on Friday, February 29 and Saturday, March 1 from 9:00 a.m. to 3:30 p.m. The "FIRST Overdrive" game will feature robots, which have been designed to race around a track knocking down 40-inch inflated balls and moving them around the track, passing them either over or under a 6-foot, 6-inch overpass. New Jersey FIRST gratefully acknowledges the long-standing support of Johnson & Johnson as its sponsor. The 2008 competition marks the 12th straight year of Johnson & Johnson's leadership support. Other New Jersey FIRST sponsors are: ADP, Bristol-Myers Squibb Company, MetLife, New Jersey Institute of Technology, Novartis Pharmaceuticals Corporation and The Port Authority of NY & NJ. New York City/New Jersey FIRST! is based at New Jersey Institute of Technology in Newark. For more information on starting a FIRST team or sponsoring a team, call Randy Schaeffer, regional director, (973) 596-3234. First Call Analyst:
FCMN Contact:
Source: New Jersey FIRST Robotics Competition
CONTACT: Kathryn Kempf, Cell, +1-201-341-4353, or Marybeth Nibley, Cell,
+1-973-985-0550, both of B&Y Communications, +1-973-746-8183
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Profile: automotive-news
posted by automotive-news # 4:38 PM
DealerTrack Holdings Reports Fourth Quarter and 2007 Financial Results
DealerTrack Holdings Reports Fourth Quarter and 2007 Financial Results Provides Guidance for 2008 LAKE SUCCESS, N.Y., Feb. 19 /PRNewswire-FirstCall/ -- DealerTrack Holdings, Inc. (NASDAQ:TRAK) today reported financial results for the fourth quarter and year ended December 31, 2007. GAAP Results for Fourth Quarter 2007
-- Revenue for the quarter was $60.7 million, a 33 percent increase from
$45.7 million for the fourth quarter of 2006.
-- GAAP net income for the quarter was $4.1 million, a decrease from $5.7
million for the fourth quarter of 2006. Included in GAAP net income
for the fourth quarter of 2006 was other income of $1.4 million, or
$0.03 per diluted share, resulting from a purchase price adjustment of
a prior year's acquisition.
-- GAAP diluted net income per share for the quarter was $0.10, compared
to $0.14 per share for the fourth quarter of 2006.
Non-GAAP Results for Fourth Quarter 2007
-- EBITDA for the quarter was $15.0 million up from $14.5 million for the
fourth quarter of 2006. Included in EBITDA for the fourth quarter of
2006 was other income of $1.4 million, as mentioned above.
-- Cash net income for the quarter was $10.9 million, a 17 percent
increase from $9.3 million for the fourth quarter of 2006. Included in
cash net income for the fourth quarter of 2006 was other income of $1.4
million, as mentioned above.
-- Diluted cash net income per share for the quarter was $0.25, up from
$0.23 per share for the fourth quarter of 2006.
GAAP Results for Year Ended December 31, 2007
-- Revenue for the year was $233.8 million, a 35 percent increase from
$173.3 million for 2006.
-- GAAP net income for the year was $19.8 million, compared to $19.3
million for 2006. As mentioned above, included in GAAP net income for
2006 was other income of $1.4 million, or $0.04 per diluted share.
-- GAAP diluted net income per share for the year was $0.48, a decrease
from $0.51 per share for 2006.
Non-GAAP Results for Year Ended December 31, 2007
-- EBITDA for the year was $66.0 million, a 37 percent increase from $48.0
million for 2006. Included in EBITDA for 2006 was other income of $1.4
million, as mentioned above.
-- Cash net income for the year was $44.2 million, a 35 percent increase
from $32.7 million for 2006. Included in cash net income for 2006 was
other income of $1.4 million, as mentioned above.
-- Diluted cash net income per share for the year was $1.07, a 23 percent
increase from $0.87 per share for 2006.
EBITDA is a non-GAAP financial measure that represents GAAP earnings excluding interest, taxes, depreciation and amortization expenses. Cash net income is a non-GAAP financial measure that represents GAAP net income before non-cash stock-based compensation expense (net of taxes), amortization of acquired identifiable intangibles (net of taxes), and for 2006 the reversal of a benefit related to a tax valuation allowance. See "Non-GAAP Financial Measures" below for a further discussion of EBITDA and cash net income, and refer to Attachment 5 of this press release for reconciliations of GAAP financial measures to non-GAAP financial measures.
"Despite a challenging macroeconomic environment in the latter part of the year, our 2007 results were very strong," said Mark O'Neil, chairman and chief executive officer of DealerTrack. "We achieved significant revenue, EBITDA and cash net income growth for the year due to great execution and innovation within both our subscription and transaction businesses. Our accomplishments included expansion into the DMS and accessories markets, the signing of significant customer relationships such as the Asbury Automotive Group and the introduction or enhancement of several exciting products such as the DealerTrack Leads Network, Dealwatch and InventoryPro." Business Statistics There were 22,043 active dealers in the DealerTrack network as of December 31, 2007. The number of active financing sources in the DealerTrack network as of December 31, 2007 reached 465, up 52 percent from 305 a year earlier. Transactions processed in the network for the fourth quarter were approximately 20.8 million, a 7 percent increase from approximately 19.5 million for the fourth quarter of 2006. Transactions processed in the network for 2007 were approximately 90.9 million, a 27 percent increase from approximately 71.5 million for 2006. The number of revenue-generating subscriptions in the network as of December 31, 2007 was 28,966, a 34 percent increase from 21,613 as of the end of 2006. DealerTrack also provided guidance for its expected 2008 financial performance. Guidance for 2008 annual performance Expected GAAP Results
-- Revenue for the year is expected to be between $270 million and $276
million.
-- GAAP net income for the year is expected to be between $24.8 million
and $26.2 million.
-- Diluted GAAP net income per share for the year is expected to be
between $0.56 and $0.60.
Expected Non-GAAP Results
-- EBITDA for the year is expected to be between $71.2 million and $73.5
million.
-- Cash net income for the year is expected to be between $50.4 million
and $51.8 million.
-- Diluted cash net income per share for the year is expected to be
between $1.14 and $1.18.
DealerTrack's estimate of weighted average diluted shares outstanding for 2008 is 44.0 million shares. Refer to Attachment 5 of this press release for a reconciliation of expected GAAP financial measures to expected non-GAAP financial measures.
O'Neil commented "We are pleased to be able to provide guidance that shows our ability to grow revenue in a range of 15.0% - 18% despite a challenging economic environment. Our expected profitability is strong, particularly when you consider that included in our guidance is the cost of approximately $7.0 million or $0.10 per diluted share in the year in relation to our outstanding patent litigation. We believe this expenditure is needed to defend our intellectual property. We anticipate that based on our scheduled trial date in July 2008 that this will be the final year that this level of expenditure will be necessary. Additionally, and as mentioned on prior calls, we continue to make significant investments in on-going growth initiatives such as our Arkona dealer management system, InventoryPro, the Aftermarket Network, the Accessories Network and the Independent dealer initiative." O'Neil continued, "Our fundamental growth strategy remains consistent for 2008. We will look to expand the number and nature of participants on the network, to continue to cross-sell our products to existing customers, to expand our product offerings and to complete targeted strategic acquisitions. All of these priorities can contribute to greater efficiency in the dealership, thus enhancing dealer profitability while strengthening the DealerTrack network." DealerTrack will host a conference call to discuss its 2007 results, 2008 guidance and other matters on February 19, 2008 at 5:00 p.m. Eastern Time. The conference call will be webcast live on the Internet at http://ir.dealertrack.com/eventdetail.cfm?eventid=49570. In addition, a live audio of the call will be accessible to the public by calling 877-681-3373 (domestic) or 719-325-4897 (international); no access code is necessary. Callers should dial in approximately 10 minutes before the call begins. A replay will be available on the DealerTrack website until March 4, 2008. Non-GAAP Financial Measures In this release, the Company's EBITDA and cash net income disclosures are not presented in accordance with generally accepted accounting principles (GAAP) and are not intended to be used in lieu of GAAP presentations of net income. EBITDA represents GAAP earnings excluding interest, taxes, depreciation and amortization expenses. Cash net income represents net income excluding stock-based compensation expense (net of taxes), amortization of acquired intangibles (net of taxes), and for 2006 the reversal of a benefit related to a tax valuation allowance. EBITDA and cash net income are presented because management believes they provide additional information with respect to the performance of our fundamental business activities and are also frequently used by securities analysts, investors and other interested parties in the evaluation of comparable companies. Management believes the EBITDA and cash net income information is useful to investors for these reasons. EBITDA and cash net income are non-GAAP financial measures and should not be viewed as an alternative to GAAP measures of performance. Management believes the most directly comparable GAAP financial measure for EBITDA and cash net income is GAAP net income and has provided a reconciliation of EBITDA to GAAP net income, and cash net income to GAAP net income, in Attachment 5 to this press release. About DealerTrack (www.dealertrack.com) DealerTrack Holdings, Inc. (NASDAQ:TRAK) is a leading provider of on- demand software and data solutions for the U.S. automotive industry. Our solutions enable dealers to receive consumer leads, submit credit applications, compare financing and leasing options, sell insurance, vehicle accessories and other aftermarket products, document compliance, and execute financing contracts electronically. In addition, the DealerTrack Arkona dealer management system is used by dealerships nationwide. Over 22,000 dealers, 500 financing sources and many other service and information providers are active in the DealerTrack network. For more information visit www.dealertrack.com. Safe Harbor for Forward-Looking and Cautionary Statements Statements in this press release regarding DealerTrack's expected 2008 performance, the development, expansion and benefits of DealerTrack's network, products and services, DealerTrack's growth expectations, the status and expected cost of outstanding litigation, and all other statements in this release other than the recitation of historical facts are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of DealerTrack to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Factors that might cause such a difference include: increased competitive pressure from other industry participants, the inability to execute any element of DealerTrack's business strategy, including selling additional products and services to existing and new customers; the integration of recent acquisitions and the expected benefits, as well as the integration and expected benefits of any future acquisitions that DealerTrack may pursue; DealerTrack's success in expanding its customer base and product and service offerings; the impact of the automotive retail and indirect automotive financing industries on DealerTrack's business; the impact of some vendors of software products for automotive dealers making it more difficult for our customers to use our products and services; the timing, cost and extent of litigation, the impact of general economic trends, including interest rates, as well as the trends in the automotive industry, and other risks listed in DealerTrack's reports filed with the Securities and Exchange Commission (SEC), including its 2006 Form 10-K. These filings can be found on DealerTrack's website at www.dealertrack.com and the SEC's website at www.sec.gov. Forward- looking statements included herein speak only as of the date hereof and DealerTrack disclaims any obligation to revise or update such statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or circumstances. CONTACT:
Investor Relations
DealerTrack
(888) 450-0478
investorrelations@dealertrack.com Stephanie Lowenthal
RF|Binder Partners
(212) 994-7619
stephanie.lowenthal@rfbinder.com Attachment (1) Actual Results: Three-Month Period DEALERTRACK HOLDINGS, INC.
Consolidated Statements of Operations
(Dollars in thousands, except per share data)
(Unaudited) Three Months Ended
December 31,
2007 2006 Net revenue $60,742 $45,659 Cost of revenue 26,495 19,307
Product development 2,386 2,372
Selling, general and administrative 27,716 17,580 Total operating costs and expenses 56,597 39,259 Income from operations 4,145 6,400 Interest income, net 1,742 1,546
Other income 2 1,373 Income before provision for income taxes 5,889 9,319
Provision for income taxes (1,758) (3,640)
Net income $4,131 $5,679 Basic net income per share $0.10 $0.15
Diluted net income per share $0.10 $0.14
Weighted average shares outstanding 40,956,826 38,027,280
Weighted average shares outstanding
assuming dilution 42,845,842 39,683,653 EBITDA (Non-GAAP) (a) $14,982 $14,531
EBITDA margin (Non-GAAP) (b) 25% 32%
Cash net income (Non-GAAP) (a) $10,852 $9,270
Diluted cash net income per share
(Non-GAAP) $0.25 $0.23 (a) See Reconciliation Data in Attachment 5.
(b) Represents EBITDA as a percentage of net revenue. Attachment (2) Actual Results: Twelve-Month Period DEALERTRACK HOLDINGS, INC.
Consolidated Statements of Operations
(Dollars in thousands, except per share data)
(Unaudited) Twelve Months Ended
December 31,
2007 2006 Net revenue(1) $233,845 $173,272 Cost of revenue (2) 99,631 70,843
Product development 9,808 9,153
Selling, general and administrative 96,875 72,537 Total operating costs and expenses 206,314 152,533 Income from operations 27,531 20,739 Interest income, net 5,251 4,021
Other income 4 1,373 Income before provision for income taxes 32,786 26,133
Provision for income taxes (a) (13,034) (6,797)
Net income $19,752 $19,336 Basic net income per share $0.50 $0.54
Diluted net income per share $0.48 $0.51
Weighted average shares outstanding 39,351,138 36,064,796
Weighted average shares outstanding
assuming dilution 41,198,773 37,567,488 (1) Related party revenue $2,425 $33,380
(2) Related party cost of revenue $38 $1,840
EBITDA (Non-GAAP) (b) $66,014 $48,027
EBITDA margin (Non-GAAP) (c) 28% 28%
Cash net income (Non-GAAP) (b) $44,170 $32,688
Diluted cash net income per share
(Non-GAAP) $1.07 $0.87 (a) Included in the provision for income taxes for the twelve months ended
December 31, 2006 is $206,000 of tax expense that relate to prior
periods and the reversal of a tax valuation allowance of $3.7 million
both of which relate to our Canadian subsidiary.
(b) See Reconciliation Data in Attachment 5.
(c) Represents EBITDA as a percentage of net revenue. Attachment (3) Condensed Consolidated Balance Sheet DEALERTRACK HOLDINGS, INC.
Condensed Consolidated Balance Sheets
(Dollars in thousands)
(Unaudited) December 31, December 31,
2007 2006
ASSETS
Cash, cash equivalents and short-term
investments $220,144 $171,195
Accounts receivable, net 26,957 19,958
Prepaid expenses and other current assets 11,132 7,177
Total current assets 258,233 198,330 Property and equipment, net 12,792 6,157
Software and web site development costs, net 10,771 10,048
Intangible assets, net 69,528 37,918
Goodwill 117,702 52,499
Deferred taxes and other long-term assets 13,900 16,561
Total assets $482,926 $321,513 LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses $28,676 $23,907
Deferred revenue 4,016 3,166
Due to acquirees and other current liabilities 2,731 2,440
Total current liabilities 35,423 29,513 Long-term liabilities 9,141 7,663
Total liabilities 44,564 37,176
Total stockholders' equity 438,362 284,337
Total liabilities and stockholders'
equity $482,926 $321,513 Attachment (4) Summary Cash Flow Information DEALERTRACK HOLDINGS, INC.
Summary Cash Flow Information
(Dollars in thousands)
(Unaudited) Twelve Months Ended
December 31,
2007 2006 Net cash provided by operating activities $56,926 $45,489 Net cash used in investing activities (a) $(168,725) $(168,390) Net cash provided by financing activities $114,216 $66,740 (a) For the twelve months ended December 31, 2007, net cash used in
investing activities includes $45.5 million in net sales of auction
rate securities that are invested in tax-exempt and tax-advantaged
securities. For the twelve months ended December 31, 2006, net cash
used in investing activities included $124.1 million in net purchases
of auction rate securities that were invested in tax-exempt and tax-
advantaged securities. Attachment (5) Reconciliation Data DEALERTRACK HOLDINGS, INC.
Reconciliation of GAAP Net Income to Non-GAAP EBITDA
(Dollars in thousands)
(Unaudited) Three Months Ended
December 31,
2007 2006 GAAP net income (a) $4,131 $5,679 Interest income (1,866) (1,608) Interest expense 124 62 Provision for income taxes 1,758 3,640 Depreciation and amortization 2,871 2,399 Amortization of acquired identifiable
intangibles 7,964 4,359 EBITDA (Non-GAAP) $14,982 $14,531 (a) GAAP net income for the three months ended December 31, 2006, includes
$1.4 million in other income resulting from a purchase price
adjustment of a prior year's acquisition. DEALERTRACK HOLDINGS, INC.
Reconciliation of GAAP Net Income to Non-GAAP Cash Net Income
(Dollars in thousands)
(Unaudited) Three Months Ended
December 31,
2007 2006 GAAP net income (a) $4,131 $5,679 Non-cash stock-based compensation charges,
net of taxes 1,871 932 Amortization of acquired identifiable
intangibles, net of taxes 4,850 2,659 Cash net income (Non-GAAP) $10,852 $9,270 (a) GAAP net income for the three months ended December 31, 2006, includes
$1.4 million in other income resulting from a purchase price
adjustment of a prior year's acquisition. DEALERTRACK HOLDINGS, INC.
Reconciliation of GAAP Net Income to Non-GAAP EBITDA
(Dollars in thousands)
(Unaudited) Twelve Months Ended
December 31,
2007 2006 GAAP net income (a) $19,752 $19,336 Interest income (5,606) (4,289) Interest expense 355 268 Provision for income taxes 13,034 6,797 Depreciation and amortization 10,262 8,629 Amortization of acquired identifiable
intangibles 28,217 17,286 EBITDA (Non-GAAP) (b) $66,014 $48,027 (a) GAAP net income for the twelve months ended December 31, 2006,
includes $1.4 million in other income resulting from a purchase price
adjustment of a prior year's acquisition.
(b) EBITDA for 2006 includes charges of $5.0 million in non-cash stock-
based compensation expense and $0.8 million in cash compensation
expense related to the departure of an executive officer in the third
quarter of 2006. DEALERTRACK HOLDINGS, INC.
Reconciliation of GAAP Net Income to Non-GAAP Cash Net Income
(Dollars in thousands)
(Unaudited) Twelve Months Ended
December 31,
2007 2006 GAAP net income (a) $19,752 $19,336 Non-cash stock-based compensation charges,
net of taxes 6,992 6,512 Amortization of acquired identifiable
intangibles, net of taxes 17,426 10,544 Benefit related to reversal of tax
valuation allowance (b) - (3,704) Cash net income (Non-GAAP) (c) $44,170 $32,688 (a) GAAP net income for the twelve months ended December 31, 2006,
includes $1.4 million in other income resulting from a purchase price
adjustment of a prior year's acquisition.
(b) Reversal of tax valuation allowance in 2006 relates to DealerTrack's
Canadian subsidiary, DealerAccess Canada, Inc.
(c) Cash net income for 2006 includes a charge of $0.8 million in cash
compensation expense related to the departure of an executive officer
during the third quarter of 2006. DEALERTRACK HOLDINGS, INC.
Reconciliation of Forward-Looking GAAP Net Income
to Forward-looking Non-GAAP EBITDA
(Dollars in millions)
(Unaudited) Year Ending
December 31, 2008
Expected Range GAAP net income $24.8 $26.2 Interest income (9.8) (9.8) Interest expense 0.1 0.1 Provision for income taxes 15.2 16.1 Depreciation and amortization 15.4 15.4 Amortization of acquired identifiable intangibles 25.5 25.5 EBITDA (Non-GAAP) $71.2 $73.5 DEALERTRACK HOLDINGS, INC.
Reconciliation of Forward-looking GAAP Net Income to
Forward-looking Non-GAAP Cash Net Income
(Dollars in millions)
(Unaudited) Year Ending
December 31, 2008
Expected Range GAAP net income $24.8 $26.2 Non-cash stock-based compensation charges,
net of taxes 10.0 10.0 Amortization of acquired identifiable
intangibles, net of taxes 15.6 15.6 Cash net income (Non-GAAP) $50.4 $51.8 Attachment (6) Summary of Business Statistics (Unaudited) DEALERTRACK HOLDINGS, INC. Three months ended
Dec. 31, Sept. 30, June 30, March 31, Dec. 31,
2007 2007 2007 2007 2006 Active
dealers (a) 22,043 22,551 22,630 22,642 22,147 Active
financing
sources (b) 465 427 380 344 305 Transactions
processed (c)
(in thousands) 20,836 23,810 23,498 22,725 19,521 Product
subscriptions
(d) 28,966 27,469 25,621 23,267 21,613 (a) We consider a dealer to be active as of a date if the dealer completed
at least one revenue-generating credit application processing
transaction using the DealerTrack network during the most recently
ended calendar month.
(b) We consider a financing source to be active in our network as of a
date if it is accepting credit application data electronically from
dealers in the DealerTrack network.
(c) Represents revenue-generating transactions processed in the
DealerTrack, DealerTrack Digital Services and DealerTrack Canada
networks at the end of a given period.
(d) Represents revenue-generating subscriptions in the DealerTrack and
DealerTrack Canada networks at the end of a given period. Three months ended
Dec. 31, Sept. 30, June 30, March 31, Dec. 31,
2007 2007 2007 2007 2006 Transaction
revenue
(in thousands) $35,330 $39,096 $38,596 $34,290 $29,077 Subscription
revenue
(in thousands) $21,470 $20,378 $17,444 $15,769 $14,852 Other revenue
(in thousands) $3,942 $3,397 $2,467 $1,666 $1,730 Average
transaction
price (a) $1.70 $1.64 $1.64 $1.51 $1.49 Average
subscription
price (b) $253 $256 $238 $234 $238 (a) Calculation includes revenue from ALG transactions that were not
processed within the DealerTrack, DealerTrack Digital Services or
DealerTrack Canada networks.
(b) Calculation includes revenue for Chrome and ALG subscriptions that
were outside of the DealerTrack and DealerTrack Canada networks.
First Call Analyst:
FCMN Contact: robert.bralow@rfbinder.com
Source: DealerTrack Holdings, Inc.
CONTACT: DealerTrack Investor Relations, 1-888-450-0478,
investorrelations@dealertrack.com; or Stephanie Lowenthal of RF|Binder
Partners for DealerTrack, +1-212-994-7619, stephanie.lowenthal@rfbinder.com Web site: http://www.dealertrack.com/
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Profile: automotive-news
posted by automotive-news # 4:19 PM
CarMax to Present at Raymond James 29th Annual Institutional Investors Conference
CarMax to Present at Raymond James 29th Annual Institutional Investors Conference RICHMOND, Va., Feb. 19 /PRNewswire-FirstCall/ -- CarMax, Inc. (NYSE:KMX) announced today that Keith Browning, Executive Vice President and Chief Financial Officer, will speak at the Raymond James 29th Annual Institutional Investors Conference in Orlando, Florida, on March 4, 2008, beginning at 1:05 p.m. ET. A live webcast will be available on the company's investor information homepage at http://investor.carmax.com/. The webcast will be archived and available for replay through April 4, 2008. About CarMax CarMax, a FORTUNE 500 company, and one of the FORTUNE 2008 "100 Best Companies to Work For," is the nation's largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 89 used car superstores in 41 markets. The CarMax consumer offer provides our customers the opportunity to shop for vehicles the way they shop for items at other big-box retailers, and it is structured around four customer benefits: low, no-haggle prices; a broad selection; high quality vehicles; and a customer-friendly sales process. During the twelve months ended February 28, 2007, the company retailed 337,021 used vehicles and sold 208,959 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at http://www.carmax.com/. (Logo: http://www.newscom.com/cgi-bin/prnh/20011214/CARMAXLOGO ) First Call Analyst:
FCMN Contact: Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20011214/CARMAXLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: CarMax, Inc.
CONTACT: Katharine Kenny, Assistant Vice President, Investor Relations,
+1-804-935-4591, or Celeste Gunter, Manager, Investor Relations,
+1-804-935-4597, both of CarMax, Inc. Web site: http://www.carmax.com/
http://investor.carmax.com/
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Profile: automotive-news
posted by automotive-news # 4:05 PM
First Advantage Acquires Verify Limited
First Advantage Acquires Verify Limited Purchase of Leading Employment Screening Firm Extends Asia Pacific Coverage POWAY, Calif., Feb. 19 /PRNewswire-FirstCall/ -- First Advantage Corporation (NASDAQ:FADV), a global risk mitigation and business solutions provider, today announced the purchase of Verify Limited, a premier Asian Pacific employment screening company, by the Employer Services segment of First Advantage. The acquisition further extends First Advantage's ability to deliver its global talent acquisition solutions, especially in the high growth countries of Malaysia and China, and solidifies the company's international employment screening market leadership. Based in Kuala Lumpur, Malaysia and with offices in India, Hong Kong, Japan and China, Verify Limited is the second largest background screening firm in Asia, following top-ranked First Advantage. Verify Screening Solutions was established in 2002 as a business unit of Hill and Associates Group Limited and was merged with Quam Data Services Limited in 2006 to form Verify Limited, in which Hill and Associates and Quam Data Services hold 75 percent and 25 percent stakes, respectively. "This acquisition underscores our commitment to aggressively pursue international expansion of our Employer Services suite of products. The fact that Verify is a well-established company serving the on-boarding needs of multinational corporations and local businesses in Asia Pacific, where the market for employment screening services is growing at a robust rate, was an added incentive," said First Advantage President and Chief Executive Officer Anand Nallathambi. "Verify offers great extension to our customer base and terrific management, and together we have the opportunity to continue to grow our international presence and cross-sell industry leading products and services." Verify Limited Managing Director Marc Davey said he looks forward to joining forces with the number one player in their market. "We plan to further expand our reach throughout Asia by combining our Web based delivery system with First Advantage's advanced production capabilities, as well as offering expanded scope and additional services to our valued clients," said Davey. First Advantage's Employer Services segment provides a comprehensive suite of global talent acquisition solutions specifically designed to reduce the time, cost and risk associated with candidate recruiting, applicant tracking, screening, assessments and ongoing retention processes. The segment has been growing its international employment screening operations since 2005, when First Advantage acquired Quest Research Ltd., then the top-ranked provider of employment screening services in India and East Asia. In 2006, it purchased Tokyo-based Brooke Consulting, a regional employment screening company, followed by Refsure Worldwide Pty Ltd., the leading provider of employment screening services in Australia and New Zealand. More recently, First Advantage opened an office in Manila and expanded its offices and staff in India to streamline international services delivery. Today, more than 1,600 First Advantage employees work in international offices in India, China, Singapore, Hong Kong, Australia, Japan, the Philippines, the United Kingdom and Canada. About First Advantage Corporation First Advantage Corporation (NASDAQ:FADV) combines industry expertise with information to create products and services that organizations worldwide use to make smarter business decisions. First Advantage is a leading provider of consumer credit information in the mortgage, automotive and specialty finance markets; business credit information in the transportation industry; lead generation services; motor vehicle record reports; supply chain security consulting; employment background verifications; occupational health services; applicant tracking systems; recruiting solutions; skills and behavioral assessments; business tax consulting services; insurance fraud, corporate and litigation investigations; surveillance; computer forensics; electronic discovery; data recovery; due diligence reporting; resident screening; property management software; and renters insurance. First Advantage ranks among the top companies in all of its major business lines. First Advantage is headquartered in Poway, Calif., and has 4,700 employees in offices throughout the United States and abroad. More information about First Advantage can be found at www.FADV.com. First Advantage is a majority-owned subsidiary of The First American Corporation (NYSE:FAF), a FORTUNE 500(R) company that traces its history to 1889. First American is America's largest provider of business information, supplying businesses and consumers with valuable information products to support the major economic events of people's lives. Additional information about the First American Family of Companies can be found at www.firstam.com. First Advantage Contacts: Henri Van Parys
Corp. Communications Manager
727.214.1072
henri.vanparys@FADV.com Cindy Williams
Investor Relations Manager
727.214.3438
clwilliams@FADV.com Haren Samarasekera
Sales Management Director - APAC
+65.65343262
haren.samarasekera@FADV.com First Call Analyst:
FCMN Contact:
Source: First Advantage Corporation
CONTACT: Henri Van Parys, Corp. Communications Manager,
+1-727-214-1072, henri.vanparys@FADV.com, or Cindy Williams, Investor
Relations Manager, +1-727-214-3438, clwilliams@FADV.com, or Haren
Samarasekera, Sales Management Director, APAC, +65-65343262,
haren.samarasekera@FADV.com, all of First Advantage Corporation Web site: http://www.fadv.com/
http://www.firstam.com/
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Profile: automotive-news
posted by automotive-news # 4:04 PM
Honda Civic GX Natural Gas Car Earns Top Spot on ACEEE's 'Greenest Vehicles of 2008' List for the Fifth Straight Year
Honda Civic GX Natural Gas Car Earns Top Spot on ACEEE's 'Greenest Vehicles of 2008' List for the Fifth Straight Year Honda claims four of 12 spots on 2008 list TORRANCE, Calif., Feb 19 /PRNewswire/ -- Recognizing Honda's application of fuel efficient and alternative fuel technologies, four Honda vehicles earned recognition from the American Council for an Energy-Efficient Economy (ACEEE) as the "greenest vehicles of 2008" with the Civic GX natural gas car taking the title of the greenest vehicle for the fifth consecutive year, American Honda Motor Co., Inc., announced today. In the 11th annual ACEEE's "Green Book(R) Online" ranking of environmentally responsible vehicles (available at http://www.greenercars.org/), the natural gas-powered Civic GX ranked first with the gasoline Civic, Fit and Civic Hybrid joining the list of the 12 most environmentally-friendly vehicles available to the public. This is the eighth year in a row that a Honda vehicle received the number one ranking and the seventh consecutive year that Honda vehicles held at least four positions in the top 12, an impressive one-third of all vehicles on the list. "The ACEEE awards speak to the commitment Honda has made to lead the industry in lowering emissions, increasing fuel efficiency and reducing dependence on oil," said John Mendel, executive vice president of American Honda. "Honda continues to set the standard for socially and environmentally-responsible automotive products and our commitment to alternative fuels will further expand with the zero emissions FCX Clarity fuel cell vehicle coming to market this summer." Using a singular measure that incorporates fuel economy, health-related pollution impacts and global warming emissions, all vehicles are analyzed and given a "Green Score." This score is used in ACEEE's ranking system, resulting in a ranking of each vehicle's total environmental performance, including a list of the 12 "greenest" and 12 "meanest" vehicles. The Civic GX, first introduced in 1998, is the cleanest internal combustion vehicle certified by the EPA*, and is 90% cleaner than the average gasoline-powered car on the road today. Honda has a long history of environmental leadership including the introduction of America's first hybrid, the Honda Insight, delivery of the first fuel cell vehicle in the U.S., and the first vehicles to meet stricter emissions standards, including: -- The first gasoline Low Emissions Vehicle (LEV), the 1996 Honda Civic.
-- The first gasoline Ultra-Low Emissions vehicle (ULEV), the 1998 Honda
Accord.
-- The first gasoline Super Ultra-Low Emissions Vehicle (SULEV), the 2000
Honda Accord.
-- The first Advanced Technology Partial-Zero Emissions Vehicle (AT-PZEV),
the 2001 Civic GX natural gas vehicle.
The American Council for an Energy-Efficient Economy is a nonprofit organization dedicated to advancing energy efficiency as a means of promoting both economic prosperity and environmental protection.
*EPA Tier-2, Bin-2 and ILEV certification as of May 2007 For more information or downloadable high-resolution images of Honda award winners and other Honda vehicles, please visit http://www.hondanews.com/. Consumer information is available at http://www.honda.com/.
First Call Analyst:
FCMN Contact:
Source: American Honda Motor Co., Inc.
CONTACT: Todd Mittleman of American Honda Motor Co., Inc.,
+1-310-783-3163 Web site: http://www.honda.com/
http://www.greenercars.org/
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Profile: automotive-news
posted by automotive-news # 4:02 PM
First Clinton Climate Initiative Project Signed With Johnson Controls
First Clinton Climate Initiative Project Signed With Johnson Controls Largest Mall in Mumbai, India to Benefit from Energy Efficiency Building Retrofit Program MILWAUKEE, Feb. 19 /PRNewswire/ -- K Raheja Corp, one of the largest developers in the realty and construction industry in India, has signed the first ever Project Development Agreement (PDA) under the Clinton Climate Initiative's (CCI) Energy Efficiency Building Retrofit Program. Under the agreement, Johnson Controls will perform energy efficiency retrofits in the Inorbit Mall, the largest mall in Mumbai. The project will reduce greenhouse gas emissions by improving the energy infrastructure at the mall while reducing energy costs and operational expenses. (Logo: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001LOGO) CCI brings together energy service companies, the world's largest banks, and some of the world's largest cities in a program designed to reduce energy consumption in existing buildings. K Raheja Corp recognized the benefits of the Performance Contracting model promoted by the Clinton Climate Initiative and chose to work with Johnson Controls based on the company's strong global track record and local presence in India. Under the Performance Contracting model, Johnson Controls will make energy upgrades and other improvements that will be paid back over time through energy savings. K Raheja Corp has had a strong commitment to green buildings and environmental responsibility for several years. In 2007, the K Raheja Corp pledged to design future projects to conform to the Leadership in Energy and Environmental Design (LEED(R)) Green Building Rating System. "Johnson Controls is pleased to be working with such an innovative and progressive company in India," said Clay Nesler, vice president of global energy and sustainability for Johnson Controls. "We are especially proud that this agreement represents the first project in the world to be signed as part of the Clinton Climate Initiative." About K Raheja Corp K Raheja Corp was founded in Mumbai in 1956 and has grown to become one of the largest real estate developers in India, with offices in Mumbai, Hyderabad, Bangalore, Pune and Chennai. The company has particular expertise in commercial, residential, shopping centers, malls and hotels. Amidst growing concern over global warming and climatic change affecting the environment, K Raheja Corp has chosen to be at the forefront of the voluntary environmental responsibility movement, paving the way for others to follow. For more information, please visit http://www.krahejacorp.com/. About Johnson Controls Johnson Controls (NYSE:JCI) is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 140,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. Our commitment to sustainability drives our environmental stewardship, good corporate citizenship in our workplaces and communities, and the products and services we provide to customers. For additional information, please visit http://www.johnsoncontrols.com/.
First Call Analyst:
FCMN Contact:
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Johnson Controls
CONTACT: Darryll Fortune of Johnson Controls, +1-414-524-7770,
Darryll.L.Fortune@jci.com Web site: http://www.johnsoncontrols.com/
http://www.krahejacorp.com/ Company News On-Call: http://www.prnewswire.com/comp/473547.html
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Profile: automotive-news
posted by automotive-news # 2:37 PM
Mazda to Offer Dockable Entertainment System With Gameboy Advance for CX-9 Crossover SUV
Mazda to Offer Dockable Entertainment System With Gameboy Advance for CX-9 Crossover SUV IRVINE, Calif., Feb. 19 /PRNewswire/ -- Mazda North American Operations (MNAO) today announced a new accessory available for the multiple-award-winning 2008 Mazda CX-9. Providing hours of entertainment for those long hauls, the Dockable Entertainment System with Game Boy(R) Advance (DES) is now available, and allows customers with moonroof-equipped vehicles to enjoy a Genuine Mazda Accessory rear seat DVD system. With the ability to play games, movies, music and more in the CX-9, the Dockable Entertainment System with Game Boy(R) Advance (DES) provides endless enjoyment, truly enhancing the travel experience of the passengers and driver alike. The system combines the versatility of a premium in-vehicle player, a portable DVD player, 10.2-inch display and the world's most popular video game platform. The complete Mazda accessory kit contains a dockable DVD player, roof-mounted docking station, two wireless headphones, a wireless game controller, AC charger and a carry bag. A factory-installed, roof-mounted Rear Seat Entertainment System option with Bose 5.1 surround sound, 115V power outlet and audio/video input is available for customers choosing vehicles not equipped with a moonroof. Coming off the heels of winning the 2008 Motor Trend Sport/Utility of the Year and the coveted North American Truck of the Year award, Mazda offers another way to make the CX-9 even more enjoyable. The Mazda CX-9 deftly blends Mazda's signature sporty driving spirit with seven passenger sport-utility vehicle (SUV) practicality. A clean break from traditional SUVs, the Mazda CX-9 crossover SUV has won high marks for its dynamic styling, powerful and dynamic driving performance and a spacious interior more commonly found in premium vehicles. With the addition of the Dockable Entertainment System with Game Boy(R) Advance (DES), Mazda provides more options for its customers to further improve the driving experience. The Dockable Entertainment System with Game Boy(R) Advance (DES) is available on all 2008 CX-9s equipped with the Moonroof and Bose(R) Audio Package. With a suggested retail price of $1,400, the system is just another way that Mazda is providing CX-9 customers with more of the options they want. Headquartered in Irvine, Calif., Mazda North American Operations oversees the sales, marketing, parts, accessories and customer service support of Mazda vehicles in the United States, Canada and Mexico through nearly 900 dealers. Operations in Canada are managed by Mazda Canada, Inc., located in Ontario, Canada, and in Mexico by Mazda Motor de Mexico in Mexico City. First Call Analyst:
FCMN Contact:
Source: Mazda North American Operations
CONTACT: Danica Laub, +1-949-727-6220, or Jeremy Barnes, +1-949-727-6844,
both of Mazda North American Operations Web site: http://www.mazdausa.com/
http://www.mazdausamedia.com/ NOTE TO EDITORS: For more information on Mazda vehicles, visit the online Mazda media center at http://www.mazdausamedia.com. -------
Profile: automotive-news
posted by automotive-news # 2:27 PM
Mazda Announces Pricing on Updated MAZDA3; Adds New i Touring Value Model
Mazda Announces Pricing on Updated MAZDA3; Adds New i Touring Value Model IRVINE, Calif., Feb. 19 /PRNewswire/ -- Offering European sophistication, exhilarating driving performance, advanced technology and best-in-class safety, the MAZDA3 is a leader in the compact sedan segment and continues to be Mazda's best-selling vehicle globally. Mazda North American Operations (MNAO) today announced updated pricing for the popular vehicle, as well as a number of enhancements. Continuing to tell its value story, the MAZDA3 offers a starting suggested retail price of $13,895 for the i Sport M/T, and tops out at $21,145 for the s Grand Touring A/T model. MAZDA3 buyers will get more bang for the buck in 2008 with the addition of the i Touring Value model, which replaces the i Touring Model and features standard Anti-lock Brake System (ABS), side-impact air bags, side air curtains, 17" alloy wheels, fog lights, color-keyed grille bar, leather-wrapped steering wheel and shift knob, MP3 compatible CD player and a piano-black decoration panel. The i Touring Value model has an MSRP of $16,595 for the five-speed M/T and $17,495 for the four-speed A/T. In addition, all Grand Touring models produced in 2008 come with a standard six-way power driver's seat, and all MAZDA3 2.3-liter models and MAZDASPEED3 models receive an interior freshening. A factory-installed Sirius satellite radio with six month subscription is now included at no extra cost with the optional navigation system (Grand Touring Model). Headquartered in Irvine, Calif., Mazda North American Operations oversees the sales, marketing, parts, accessories and customer service support of Mazda vehicles in the United States, Canada and Mexico through nearly 900 dealers. Operations in Canada are managed by Mazda Canada, Inc., located in Ontario, Canada, and in Mexico by Mazda Motor de Mexico in Mexico City. First Call Analyst:
FCMN Contact:
Source: Mazda North American Operations
CONTACT: Danica Laub, +1-949-727-6220, or Jeremy Barnes, +1-949-727-6844,
both of Mazda North American Operations Web site: http://www.mazdausa.com/ NOTE TO EDITORS: For more information on Mazda vehicles, visit the online Mazda media center at http://www.mazdausamedia.com. -------
Profile: automotive-news
posted by automotive-news # 1:58 PM
CALENDAR LISTING
CALENDAR LISTING
AAA Southern New England to Sponsor Fifth Annual AAA Travel Marketplace at
Gillette Stadium
WHAT: AAA Travel Marketplace, AAA-sponsored consumer travel show, open
to all southern New Englanders, members and nonmembers This year's show is AAA SNE's largest and most comprehensive
travel show yet -- a simple, one-stop shopping event for every
travel need. Come explore 100s of exhibits from all of the major
travel providers and take advantage of exclusive AAA benefits.
Explore amazing destinations -- from Mexico and the Caribbean to
Alaska, Europe and Florida. AAA travel counselors are experts who
will be on hand and can make your dream vacation a reality with a
fast and easy process. You can book your trip right at the event
and even apply for your passport. WHERE: Gillette Stadium, Foxborough, Mass. (indoors at Fidelity
Investments Clubhouse)
From Boston: 95 South to Exit 9 (Rt. 1 South), 3 miles
From Rhode Island: 95 North to 495 North, Exit 14A (Rt. 1 North),
4 miles
From Cape Cod: 495 North, Exit 14A (Rt. 1 North), 4 miles WHEN: March 7-9, 2008
Friday, March 7 (2 p.m. - 9 p.m.)
Saturday, March 8 (10 a.m. - 7 p.m.)
Sunday, March 9 (10 a.m. - 4 p.m.) COST: $5 for AAA members, $10 for nonmembers. Show parking is free.
$2 off coupon appeared in the February issue of AAA Horizons, the
Club's official member publication. The coupon is also available
at AAA's 33 branch offices or by logging on to AAA.com for a
printable version. Tickets may also be purchased in advance at
branch offices or online. Editorial Contact: Mary C. Wyatt
Tel: (401) 868-2000 ext. 2107
E-mail: mwyatt@aaasne.com PRNewswire -- Feb. 19
Source: AAA Southern New England
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Profile: automotive-news
posted by automotive-news # 1:27 PM
Seminar at Coventry University in the British Midlands, UK, Launches New Merrit Un-Throttled Spark Ignition Combustion System
Seminar at Coventry University in the British Midlands, UK, Launches New Merrit Un-Throttled Spark Ignition Combustion System Innovative New Technology Potentially Brings Near-Diesel Efficiency to Gasoline Engine CHICAGO, Feb. 19 /PRNewswire/ -- Today the British Midlands Development Corporation announced a landmark launch event that was held at Coventry University in the United Kingdom on February 15th. The seminar marked the unveiling of a new combustion system, MUSIC (Merritt Un-throttled Spark Ignition Combustion). The MUSIC engine promises a 20 percent improvement in CO2 emissions, a major step forward in alleviating the effects of climate change. With a 4-cylinder prototype under development and in-vehicle testing underway, the Midland's auto industry is one of the most active industry groups working toward the development and uptake of green technologies. The MUSIC technology has proved itself to be capable of delivering numerous benefits of throttleless, ultra-lean burn configuration. Some of the key features include: -- True un-throttled running
-- Ultra-lean burn capability (in excess of 100:1 AFR)
-- Near Diesel levels of thermal efficiency
-- CO2 reduction by 20%
-- NOX reduction by up to 50%
-- Operates over the whole speed/load range
-- Requires no other support technology
-- Potentially cost neutral
-- The MUSIC technology can be used in any and all gasoline engines
The February 15 Seminar featured details regarding the MUSIC technology and panel discussions from the team of engineers involved in the project.
"The MUSIC technology is a huge step forward in bringing the automotive industry closer to its goal of becoming more eco-friendly," said Vern Sebby, President and CEO of British Midlands Development Corporation, "I'm pleased to say that the auto community in the British Midlands continues to set the bar in innovation and leadership in this area." "The Midlands is truly emerging as the center of automotive innovation, not only in Europe, but globally," he added, "The Midlands is not only a huge producer of automobiles, at the forefront of automotive design, a leader in Formula One and high-performance engineering, but the region's industry has also leveraged the research capabilities of our many universities to move the industry out of the fossil fuel age." About British Midlands Development Corporation The British Midlands Development Corporation is the North American economic development agency for central England. The Midlands region is located just one hour to the north of London and includes the major commercial centers of Birmingham, Nottingham, Coventry and Northampton. As an agency funded by the UK Government, The British Midlands Development Corporation provides specialist advice and support to North American companies seeking to establish a presence or expand a current operation in the region. The British Midlands Development Corporation provides access to business networks, details about sources for grants and funding, business support services, and information to help companies identify opportunities to develop and grow. The British Midlands Development Corporation is based in Chicago with branch offices in Boston, Washington, DC and San Jose. For more information, please visit our website at www.thebritishmidlands.com. Press Contact
Shirar O'Connor-Mugler
shirar@thepontgroup.com
646 496 7668 Source: British Midlands Development Corporation
CONTACT: Shirar O'Connor-Mugler, for British Midlands Development
Corporation, +1-646-496-7668, shirar@thepontgroup.com Web site: http://www.thebritishmidlands.com/
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Profile: automotive-news
posted by automotive-news # 1:26 PM
'MX vs. ATV' goes off-road, online and over the top
'MX vs. ATV' goes off-road, online and over the topJuneau Empire - We've seen about half a dozen off-road racing games in the past year or so, and it seems like, among their publishers, there's a frantic game of one-upmanship going on. That's lucky for us, because it means each new game in the genre is packed with Champion biker still riding highDaily Oklahoman - He went on to four years of professional long-distance off-road racing, including a couple of grueling six-day, 1,100-mile off-road endurance races in Europe , winning gold in each. He also was asked to ride in a rally race in South Africa , and was Robby Gordon Selects Dakar Veteran Ronn Bailey to Drive 2nd Hummer for Forbes - LAS VEGAS, Nov. 1 /PRNewswire/ -- Team Dakar USA, the elite off-road racing group established to operate Gordon's Dakar efforts, announced today the addition of Dakar veteran and off-road driver Ronn Bailey to its racing platform. The announcement
posted by automotive-news # 1:15 PM
Johnson Controls Named One of America's Most Shareholder-Friendly Companies
Johnson Controls Named One of America's Most Shareholder-Friendly Companies MILWAUKEE, Feb. 19 /PRNewswire/ -- Institutional Investor Magazine has recognized Johnson Controls as America's Most Shareholder-Friendly Company in the category of consumer -- autos and auto parts. This is the second consecutive year Johnson Controls has received the award. (Logo: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001LOGO) "This is truly a prestigious honor," said Steve Roell, Chairman and CEO, Johnson Controls. "Receiving this award again this year communicates to our shareholders that we are committed to providing ingenious, value-added products, services, and solutions to our customers, while consistently driving strong profitable growth." Institutional Investor Magazine's rankings for this category are based on survey responses sent to 640 analysts and portfolio managers who were asked to rank U.S. companies' effectiveness in corporate governance and investor relations and how those efforts relate to shareholder value. In addition to receiving this award in 2007 & 2008, Institutional Investor Magazine named former Johnson Controls Chairman and CEO John Barth, Best Chief Executive Officer in the consumer -- auto and auto parts category. Johnson Controls (NYSE:JCI) is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 140,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. Our commitment to sustainability drives our environmental stewardship, good corporate citizenship in our workplaces and communities, and the products and services we provide to customers. For additional information, please visit http://www.johnsoncontrols.com/.
First Call Analyst:
FCMN Contact:
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Johnson Controls
CONTACT: Monica Levy of Johnson Controls, +1-414-524-2695,
monica.j.levy@jci.com; or Steve Greene, +1-414-459-3948, sgreene@branigan.biz,
for Johnson Controls Web site: http://www.johnsoncontrols.com/ Company News On-Call: http://www.prnewswire.com/comp/473547.html
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Profile: automotive-news
ICOP Digital Advocating Statewide Support of Proposed Florida Technology Fund Bill
ICOP Digital Advocating Statewide Support of Proposed Florida Technology Fund Bill Bill Seeks to Impose $50 Fine (Over and Above Related Fines) on Those Convicted of Driving or Boating Under the Influence; Would Provide Additional Funding for Purchases of Technologies by Local Law Enforcement Agencies LENEXA, Kan., Feb. 19 /PRNewswire-FirstCall/ -- ICOP Digital, Inc. (NASDAQ:ICOP), an industry-leading company engaged in advancing digital surveillance solutions, today announced its formal support of the Florida Technology Fund Bill, representing pending legislation in the State of Florida that provides for a $50 fine to be imposed, in addition to other related costs, fines and fees, on those charged and convicted of driving or boating under the influence of drugs or alcohol and/or driving or boating while in possession of controlled substances. In accordance with the proposed legislation, the collected $50 fine would be deposited into the Police Technology Trust Fund and subsequently disbursed to the local law enforcement agency responsible for originating the arrest, which would use the money to purchase advanced crime-fighting technology, including, but not limited to, digital in-car video systems. The proposed legislation comprises two linked bills, HB 155 - Police Technology Fee and HB 157 - Police Technology Trust Fund. Originally envisioned by Chief Ed Nathanson, Chief of Police, Lady Lake Police Department, the bills have been sponsored in the State House by Representative Hugh H. Gibson, III (R) and are expected to go to the floor in March. If passed by the House and Florida Senate and signed by the Governor, the Bills will become effective on October 1, 2008. "This legislation represents a win-win for everyone, except, of course, for those convicted - and rightly so. It seems only fair and logical that convicted offenders, not just tax payers, help pay for crime-fighting technology that can materially enhance the impact and effectiveness of local law enforcement. Moreover, we have proven in our county that police use of technology, such as digital in-car video, subsequently aids our prosecutors in achieving rapid convictions in court, thus saving even more tax payer dollars," stated Nathanson. "As a customer of ICOP Digital and as an enthusiastic advocate for empowering officers with leading edge technology such as the ICOP Model 20/20(R)-W, I am especially pleased to see that ICOP is taking the lead in helping us to win statewide support for this important legislation." Dave Owen, Chairman and CEO of ICOP, stated, "Chief Nathanson's concept is smart and innovative. Aside from serving as a potentially significant source of new funding for local law enforcement agencies, it would also incentivize and reward those agencies and prosecutors who are diligent when cracking down on DUI and drug-related offenses in their communities." "We'd like to welcome other technology leaders to join us in support of this important legislation, while also advocating other states to follow Florida's example and implement similar programs to support law enforcement," noted Owen. About ICOP Digital, Inc. ICOP Digital, Inc. (NASDAQ:ICOP) operates on the core principle that 'without local security, there is no national security.' It endeavors to protect people, assets and profits for communities with innovative, mission- critical security, surveillance and communication solutions. The Company engineers, manufactures and markets mobile and stationary surveillance products for use in the public and private sectors, and facilitates the delivery of live video to first responders. (GSA Contractor) The ICOP Model 20/20(R)-W, ICOP's flagship, award-winning product, is the leading digital in-car video recorder system for law enforcement. ICOP LIVE(TM) delivers live streaming video to and from first responder vehicles and headquarters, empowering first responders with enhanced real-time situational awareness and actionable intelligence, optimizing the outcome of a crisis. ICOP LIVE delivers live video wirelessly to first responders over any wireless network and to multiple internet enabled Windows(R) devices simultaneously. The ICOP Model 4000(TM), ICOP's newest advanced surveillance solution, is the next generation transit/rail DVR system. The ICOP Model 4000 uses less power than traditional DVR's, which means less heat and translates into a more reliable unit with less downtime. In addition, the ICOP Model 4000 boasts many advanced and innovative features and capabilities, such as wireless file uploading and wireless video streaming, among many others. For more information, please view the following video presentations at http://www.icopdigital.com/why_icop.html and www.ICOP.com/veil.html, or visit www.ICOP.com. For more information, contact: For Investor/Media Relations:
Laura E. Owen, President and COO Elite Financial Communications Group/
16801 West 116th Street Elite Media Group
Lenexa, KS 66219 USA Dodi Handy, President and CEO
Phone: (913) 338-5550 Phone: (407) 585-1080
Fax: (913) 312-0264 ICOP@efcg.netLowen@ICOP.com
www.ICOP.com
First Call Analyst:
FCMN Contact:
Source: ICOP Digital, Inc.
CONTACT: Laura E. Owen, President and COO, ICOP Digital, Inc.,
+1-913-338-5550, Fax: +1-913-312-0264, Lowen@ICOP.com; or Investor-Media
Relations, Dodi Handy, President and CEO, Elite Financial Communications
Group-Elite Media Group, +1-407-585-1080, ICOP@efcg.net Web site: http://www.icop.com/
http://www.icopdigital.com/why_icop.html
http://www.icop.com/veil.html
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Profile: automotive-news
Buying a New Car? Sticker Price Isn't the Only Cost You Should Consider
Buying a New Car? Sticker Price Isn't the Only Cost You Should Consider NADAguides.com Provides Five-Year Ownership Costs for Depreciation, Fuel, Maintenance and More COSTA MESA, Calif., Feb. 19 /PRNewswire/ -- To assist car buyers in understanding all costs associated with owning a car -- not just the sticker price -- NADAguides.com, a leading vehicle information website, has launched Five-Year Ownership Costs at its website, http://www.nadaguides.com/. NADAguides.com now gives car buyers a detailed overview of the estimated costs to own a vehicle over the course of five years, including depreciation, fees & taxes, insurance, fuel, maintenance, opportunity cost, repairs and finally, a five year summary of all associated costs specific to a particular make and model. NADAguides.com allows users to easily implement their zip code, with the resulting ownership cost information geared specifically to the area in which a person lives. The service is powered by Vincentric, a leading Michigan-based automotive data compilation and analysis company. In addition to numeric values for each of the cost categories, buyers have access to full color charts that provide a visual demonstration of ownership costs, to help car buyers understand exactly which categories represent the largest expenses when it comes to owning a particular vehicle. What's more, buyers can drill down further by clicking on specific areas of each chart for detailed trending graphs, for an even more granular view of each cost category. "There's more to owning a car than just the purchase price," said Don Christy, Jr., president and CEO, NADAguides.com. "Car buyers need to understand that over time, there are a variety of additional expenses that can add up substantially. Knowing what those expenses are, and comparing those costs vehicle to vehicle, is precisely the kind of information that helps people make educated new car buying decisions." NADAguides.com provides detailed descriptions for each category, including Depreciation, which is an estimate of the reduction of value incurred by owning and operating a vehicle over a period of time, and Opportunity Cost, which is an estimate of the interest that could have been earned if funds had not been spent owning and operating a vehicle. Finally, each vehicle is given a Value Rating, which provides car buyers with a snapshot as to whether or not a vehicle is a good value based on its overall ownership expenses. Five-Year Ownership Costs are a new addition to the NADAguides.com New Car Buying Guide -- a complete and easy-to-use online car buying tool that consists of invoice and MSRP pricing, standard features, specs and performance information, full-color photos and 360-degree views, test drive videos, safety information, crash test videos, warranty information, incentives and rebates, finance and insurance information, dealer price quotes, side-by-side comparisons, and building and pricing tools. Five-Year Ownership Costs are found in the New Car Center of NADAguides.com, on the new car pricing report, after a car buyer has selected the particular make and model he or she is interested in researching. About NADAguides.com N.A.D.A. Appraisal Guides (NADAguides.com) is the world's largest publisher of vehicle pricing and specification information for new and used cars, trucks, vans, and SUVs, as well as van conversions, limousines, classic and collectible cars, boats, RVs, motorcycles, snowmobiles, personal watercraft and manufactured housing. The company's consumer website, NADAguides.com (http://www.nadaguides.com/), offers a variety of new and used vehicle services in addition to valuation information. Throughout its 75-year history, N.A.D.A. Appraisal Guides has earned the reputation as the recognized authority for vehicle valuations. Its website, NADAguides.com, is the most comprehensive vehicle information resource on the Internet today. About Vincentric Vincentric provides data, knowledge, and insight to the automotive industry by identifying and applying the many aspects of automotive value. Using Vinbase(TM), its comprehensive, proprietary cost-of-ownership database, the company measures and analyzes the overall cost of owning and operating vehicles and its impact on the value provided to buyers. Vincentric data is used by organizations such as JATO Dynamics, Cars.com, Yahoo! Autos, Consumer Reports, Kiplinger's Personal Finance, Business Fleet Magazine and Fleet-Central.com as a means of providing automotive insight to their clientele. Vincentric, LLC, is a privately held automotive data compilation and analysis firm headquartered in Bloomfield Hills, Michigan. First Call Analyst:
FCMN Contact:
Source: NADAguides.com
CONTACT: Jennifer Lange of NADAguides.com, +1-949-916-4820, cell,
+1-949-375-2350, jlange@nadaguides.com Web site: http://www.nadaguides.com/
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Profile: automotive-news
Minnesota's Matt Sanford Named Winner of National Hometown Hero Award
Minnesota's Matt Sanford Named Winner of National Hometown Hero Award Sanford Will Receive $100,000 for the Charity of His Choice Since 2002, Volvo has contributed nearly $5 million in funding and awards to help real-life heroes continue extraordinary work in their communities IRVINE, Calif., Feb. 19 /PRNewswire/ -- In 1978, Matt Sanford survived a horrific car crash that left him paralyzed from the chest down. Nearly 30 years later, Sanford is revolutionizing the injury rehabilitation process through his nonprofit organization Mind Body Solutions and his groundbreaking yoga teachings. Volvo today announced that Sanford, from Orono, Minn., has been named one of the top three winning heroes in the 6th Annual Volvo for life Awards. Sanford is being recognized in the program's Quality of Life category and will receive a $100,000 contribution to the charity of his choice. Sanford will receive his award at the Volvo for life Awards Ceremony at New York City's world famous Cipriani's 42nd Street on March 19. During the ceremony one overall Grand Award winner will also be named "America's Greatest Hometown Hero" and will be presented with a new Volvo every three years for the rest of his or her life. "I am incredibly grateful for the recognition and support from Volvo," Sanford said. "The award is a wonderful breath of fresh air for Mind Body Solutions and I'm so thankful for the honor." More About Matt Sanford At age 13, Sanford, now 42, was involved in a car crash that took the lives of his father and sister, and left him paralyzed from the chest down. Advice from his doctors to "forget his lower body," however, was what really crippled Sanford, leading him to ignore his once-athletic body, until he discovered yoga at age 25 and the power of the mind-body connection. Now, he is a nationally recognized yoga teacher, author and renowned expert in mind-body integration who has inspired and enhanced the lives of thousands. In 2001, Sanford founded Mind Body Solutions, a nonprofit organization dedicated to the simple and practical notion that minds and bodies work better together, offering programs in the workplace, in corporations, at the yoga studio and in the community at large. Sanford teaches yoga to people of all abilities at the Courage Center in Minneapolis and at fitness studios throughout the country, but he is a pioneer in adapting yoga for people living with disabilities. Sanford also shares his philosophy on the fundamental importance of the mind-body relationship for everyone through his personal memoir Waking: A Memoir of Trauma and Transcendence, and a busy schedule of speaking engagements to a broad-base of audiences nationwide. He is currently using his personal experience to help transform the delivery of healthcare, including an initiative for veterans. The American public selected Sanford and eight other finalists, three in each category of Safety, Quality of Life and Environment. A distinguished panel of judges -- including Hank Aaron, Sen. Bill Bradley, Maya Lin, Dr. Sally Ride, Eunice Kennedy Shriver, Dr. Mae Jemison and Edsel B. Ford II -- then selected Sanford and two other category winners, who are: Safety
Marilyn Adams, Earlham, Iowa
In 1987, Marilyn Adams, 57, founded Farm Safety 4 Just Kids and set out on a mission to promote safe farm environments and eliminate farm-related child health hazards, injuries and fatalities. Farm Safety 4 Just Kids now has 137 chapters throughout North America. Through her visits to rural schools, media appearances, testimony before government agencies and in Congress, Adams has spread her farm safety message across the country.
Environment
Lorraine Kerwood, Eugene, Ore.
Lorraine Kerwood, 47, established NextStep Recycling. The organization has recycled more than 800 tons of electronic waste and placed 11,000 computers in disadvantaged communities in the United States and abroad. More than 500 computers have been shipped to rural Guatemalan schools, orphanages and non-governmental organizations.
The Volvo for life Awards (http://www.volvoforlifeawards.com/), launched in 2002, is the largest-ever national search for and celebration of everyday heroes in the categories of Safety, Quality of Life and Environment. Volvo Cars of North America provides $1 million in awards and contributions in honor of heroes. Since the inception of the program, Volvo has contributed more than $5 million to help hometown heroes continue their extraordinary work in their communities. Alexandra Scott Butterfly Award Winner Unveiled In addition to the three category winners, Volvo also named 10-year-old Zach Bonner, of Valrico, Fla., the winner of the Alexandra Scott Butterfly Award. The award was created by Volvo Cars of North America to honor young heroes who do the extraordinary in the areas of Safety, Quality of Life and Environment in the name of Alexandra Scott, a Volvo for life Awards winner from Wynnewood, Pa., who passed away at age eight from cancer. She raised more than $1 million for pediatric cancer research through lemonade sales and other fundraising activities. Parents Jay and Elizabeth Scott continue promoting Alex's cause and raising money for pediatric cancer research through their foundation, Alex's Lemonade Stand Foundation. Bonner, who will receive a $25,000 charitable donation, founded the Little Red Wagon Foundation, Inc., an organization that collects and donates backpacks filled with food and school items to disadvantaged children nationwide. In late 2007, Bonner completed a marathon walk from Tampa to Tallahassee, Fla. covering -- 280 miles over 23 days, raising money and awareness for homeless children along the way. First Call Analyst:
FCMN Contact:
Source: Volvo Cars of North America
CONTACT: Carol Schuler of Haberman & Associates, +1-612-372-6451,
carol@habermaninc.com, for Volvo Cars of North America Web site: http://www.volvocars.com/
http://www.volvoforlifeawards.com/
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Profile: automotive-news
Iowa's Marilyn Adams Named Winner of National Hometown Hero Award
Iowa's Marilyn Adams Named Winner of National Hometown Hero Award Adams Will Receive $100,000 for the Charity of Her Choice Since 2002, Volvo has contributed nearly $5 million in funding and awards to help real-life heroes continue extraordinary work in their communities IRVINE, Calif., Feb. 19 /PRNewswire/ -- More than 20 years ago, Marilyn Adams tragically lost her son in a farm equipment accident. The death inspired her to become a safety hero to thousands of children and found Farm Safety 4 Just Kids to educate kids nationwide about farm safety and health. Volvo today announced that Adams, of Earlham, Iowa, has been named one of the top three winning heroes in the 6th Annual Volvo for life Awards. Adams is being recognized in the program's Safety category and will receive a $100,000 contribution to the charity of her choice. Adams will receive her award at the Volvo for life Awards Ceremony at New York City's world famous Cipriani's 42nd Street on March 19. During the ceremony one overall Grand Award winner will also be named "America's Greatest Hometown Hero" and will be presented with a new Volvo every three years for the rest of his or her life. "Volvo has helped us spread our farm safety message to countless rural families and to save an untold number of children from farm tragedies," said Adams. "We are unbelievably excited and couldn't be more grateful. The $100,000 donation will help us establish an endowment fund that will secure the financial stability of the organization as we pave the road for the future." More About Marilyn Adams Adams, 57, faced every mother's greatest fear. Her 11-year-old son, Keith, suffocated in a gravity flow wagon while helping with the first full day of harvest on the family's farm in Iowa. Determined to find a constructive outlet for her grief, she was inspired to create a nonprofit organization working to educate children about farm safety and health. Today, thousands of volunteers across the United States and Canada work to keep rural kids safe and healthy. In 1987, Adams founded Farm Safety 4 Just Kids and set out on a mission to promote safe farm environments and eliminate farm-related child health hazards, injuries and fatalities. A report by the National Safety Council found that children between the ages of five and 14 were 66 percent more likely to be injured in a farm accident than adults aged 45 to 64. Farm Safety 4 Just Kids' contribution to the farm safety movement has helped to reduce the number of agriculture-related fatalities among children in the United States. Farm families now have additional programs and educational materials highlighting the dangers that children can encounter on farms, and information about how to avoid them. Farm Safety 4 Just Kids now has 137 chapters throughout North America. Through her visits to rural schools, media appearances, testimony before government agencies and in Congress, Adams has spread her farm safety message across the country. The American public selected Adams and eight other finalists, three in each category of Safety, Quality of Life and Environment. A distinguished panel of judges-including Hank Aaron, Sen. Bill Bradley, Maya Lin, Dr. Sally Ride, Eunice Kennedy Shriver, Dr. Mae Jemison and Edsel B. Ford II -- then selected Adams and two other category winners, who are: Environment
Lorraine Kerwood, Eugene, Ore.
Lorraine Kerwood, 47, established NextStep Recycling. The organization has recycled more than 800 tons of electronic waste and placed 11,000 computers in disadvantaged communities in the United States and abroad. More than 500 computers have been shipped to rural Guatemalan schools, orphanages and non-governmental organizations.
Quality of Life
Matthew Sanford, Orono, Minn.
Matthew Sanford, 42, was involved in a car crash that took the lives of his father and sister, and left him paralyzed from the chest down. Now, he is a nationally recognized yoga teacher, author and renowned expert in mind-body integration who has inspired and enhanced the lives of thousands. In 2001, Sanford founded Mind Body Solutions, a nonprofit organization dedicated to the simple and practical notion that minds and bodies work better together, offering programs in the workplace, in corporations, at the yoga studio and in the community at large.
The Volvo for life Awards (http://www.volvoforlifeawards.com/), launched in 2002, is the largest-ever national search for and celebration of everyday heroes in the categories of Safety, Quality of Life and Environment. Volvo Cars of North America provides $1 million in awards and contributions in honor of heroes. Since the inception of the program, Volvo has contributed more than $5 million to help hometown heroes continue their extraordinary work in their communities. Alexandra Scott Butterfly Award Winner Unveiled In addition to the three category winners, Volvo also named 10-year-old Zach Bonner, of Valrico, Fla., the winner of the Alexandra Scott Butterfly Award. The award was created by Volvo Cars of North America to honor young heroes who do the extraordinary in the areas of Safety, Quality of Life and Environment in the name of Alexandra Scott, a Volvo for life Awards winner from Wynnewood, Pa., who passed away at age eight from cancer. She raised more than $1 million for pediatric cancer research through lemonade sales and other fundraising activities. Parents Jay and Elizabeth Scott continue promoting Alex's cause and raising money for pediatric cancer research through their foundation, Alex's Lemonade Stand Foundation. Bonner, who will receive a $25,000 charitable donation, founded the Little Red Wagon Foundation, Inc., an organization that collects and donates backpacks filled with food and school items to disadvantaged children nationwide. In late 2007, Bonner completed a marathon walk from Tampa to Tallahassee, Fla. covering -- 280 miles over 23 days, raising money and awareness for homeless children along the way. First Call Analyst:
FCMN Contact:
Source: Volvo Cars of North America
CONTACT: Anna Kruchowski of Haberman & Associates, +1-612-372-6459,
anna@habermaninc.com, for Volvo Cars of North America Web site: http://www.volvocars.com/
http://www.volvoforlifeawards.com/
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Profile: automotive-news
CarMax Provides Expert Advice on Maintaining Your Car Battery
CarMax Provides Expert Advice on Maintaining Your Car Battery RICHMOND, Va., Feb. 19 /PRNewswire/ -- Replacing a car battery can be a hassle. That's why CarMax, Inc. (NYSE:KMX), the nation's largest retailer of used cars, wants you to know how to keep your car battery in top-notch condition. "It is important to remember that in today's cars, batteries are still the main power source, used not only to start the engine, but also to supply enough electrical energy to keep the 'memory' of all the onboard computers," said Juan Crespo, ASE Master Technician for CarMax. "Poorly maintained batteries and cable connections won't supply enough voltage to these sophisticated electronic devices which, in turn, can cause erratic vehicle system performance." CarMax technicians offer a few do's and don'ts to help your car battery maintain its peak performance and to avoid having a low charged battery: Do's
-- Wear proper eye, hand and clothing protection when around batteries
-- Check the terminals where cables connect to be sure they are tight and
corrosion free. If corrosion is present, have terminals cleaned by
professional.
-- Lubricate terminals with a dab of petroleum jelly to keep cables clean
and free from corrosion longer.
-- Make sure the battery is firmly secured to its mounting bracket. An
unsecured battery can become damaged and cause short circuits.
-- Check the fluid level unless it's a maintenance-free battery. If the
fluid is low, add distilled water. If there is no fluid visible, then
replace the battery.
-- Keep your battery case clean. Dirt conducts electricity which can
discharge the battery. Use a solution of baking soda dissolved in warm
water to clean. Wet the case and agitate with a nylon bristle brush to
scrub surface. Rinse well with plain water.
-- Batteries come in many different sizes. When replacing a car battery,
make sure you choose the right size for your vehicle. When it comes to
car batteries, bigger is not always better.
-- Always disconnect the negative cable first and reconnect it last.
-- Charge battery in a well-ventilated area.
Don'ts
-- If your battery is frozen, do not charge it, as it may explode! One
visual sign of a frozen battery is that the sides are bowed out. This
condition is not repairable and dangerous; the battery will need to be
replaced.
-- If you need to charge your battery yourself, switch the charger to a
low-charge setting. Most chargers have this feature, but if not, have
a professional charge the battery.
-- Don't charge a dead battery with a car's alternator. An alternator is
not designed to function as a charger, and it may be damaged or have a
shortened life as a result.
-- Never lean over a battery when charging, testing, or jump-starting the
engine.
-- Don't disconnect battery cables while engine is running (your battery
acts as a filter).
-- Don't let the battery get totally discharged. Most car batteries get
their power from lead cells submerged in electrolyte and these cells
can be damaged when the battery is totally discharged.
-- Don't let the battery get hot or the electrolyte boil while charging.
About CarMax
CarMax, a FORTUNE 500 company, and one of the FORTUNE 2008 "100 Best Companies to Work For," is the nation's largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 89 used car superstores in 41 markets. The CarMax consumer offer is structured around four customer benefits: low, no-haggle prices; a broad selection; high quality vehicles; and customer-friendly service. During the twelve months ended February 28, 2007, the company retailed 337,021 used vehicles and sold 208,959 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at http://www.carmax.com/.
(Logo: http://www.newscom.com/cgi-bin/prnh/20011214/CARMAXLOGO ) First Call Analyst:
FCMN Contact: Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20011214/CARMAXLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: CarMax, Inc.
CONTACT: Media: Lisa Van Riper, Assistant Vice President, Public
Affairs, +1-804-935-4594, Trina H. Lee, Public Relations Manager,
+1-804-747-0422, ext. 4197, or Investors: Katharine Kenny, Assistant Vice
President, Investor Relations, +1-804-935-4591, Celeste Gunter, Manager,
Investor Relations, +1-804-935-4597, all of CarMax, Inc. Web site: http://www.carmax.com/
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Profile: automotive-news
Oregon's Lorraine Kerwood Named Winner of National Hometown Hero Award
Oregon's Lorraine Kerwood Named Winner of National Hometown Hero Award Kerwood Will Receive $100,000 for the Charity of Her Choice Since 2002, Volvo has contributed nearly $5 million in funding and awards to help real-life heroes continue extraordinary work in their communities IRVINE, Calif., Feb. 19 /PRNewswire/ -- Eight years ago, Lorraine Kerwood turned a passion for tinkering with and repairing electronics into a flourishing passion for helping others. She established an electronics recycling and distribution center, NextStep, which brings refurbished computers and electronics to disadvantaged communities. Volvo today announced that Kerwood, of Eugene, Ore., has been named one of the top three winning heroes in the 6th Annual Volvo for life Awards. Kerwood is being recognized in the program's Environment category and will receive a $100,000 contribution to the charity of her choice. Kerwood will receive her award at the Volvo for life Awards Ceremony at New York City's world famous Cipriani's 42nd Street on March 19. During the ceremony one overall Grand Award winner will also be named "America's Greatest Hometown Hero" and will be presented with a new Volvo every three years for the rest of his or her life. "I am thrilled to give the $100,000 charitable donation to NextStep Recycling," Kerwood said. "We've been struggling financially since our inception. The award from Volvo will go a long ways towards stabilizing our financial situation, and we are very, very grateful." More about Lorraine Kerwood According to the Environmental Protection Agency, the United States generated 2.6 millions tons of electronic waste in 2005, only 12.6 percent of which was recycled. Kerwood, 47, has set out to improve this statistic. Her computer recycling and distribution center, NextStep, brings refurbished computers to disadvantaged communities and benefits the environment by reducing electronic waste. While attending the University of Oregon, Kerwood taught herself how to rebuild computers, which she then gave to people who couldn't afford them. With her new skill set, and her passion for helping the disadvantaged, Kerwood established NextStep. The organization has recycled more than 800 tons of electronic waste and placed 11,000 computers in disadvantaged communities in the United States and abroad. More than 500 computers have been shipped to rural Guatemalan schools, orphanages and non-governmental organizations. This has drawn the attention of corporate, government and academic institutions. Tulane University studied NextStep's computer labs built in partnership with rural Mayan communities. They determined that the labs improved the lives of more than 5,000 Guatemalan children. The American public selected Kerwood and eight other finalists, three in each category of Safety, Quality of Life and Environment. A distinguished panel of judges -- including Hank Aaron, Sen. Bill Bradley, Maya Lin, Dr. Sally Ride, Eunice Kennedy Shriver, Dr. Mae Jemison and Edsel B. Ford II -- then selected Kerwood and two other category winners, who are: Safety
Marilyn Adams, Earlham, Iowa
In 1987, Marilyn Adams, 57, founded Farm Safety 4 Just Kids and set out on a mission to promote safe farm environments and eliminate farm-related child health hazards, injuries and fatalities. Farm Safety 4 Just Kids now has 137 chapters throughout North America. Through her visits to rural schools, media appearances, testimony before government agencies and in Congress, Adams has spread her farm safety message across the country.
Quality of Life
Matthew Sanford, Orono, Minn.
Matthew Sanford, 42, was involved in a car crash that took the lives of his father and sister, and left him paralyzed from the chest down. Now, he is a nationally recognized yoga teacher, author and renowned expert in mind-body integration who has inspired and enhanced the lives of thousands. In 2001, Sanford founded Mind Body Solutions, a nonprofit organization dedicated to the simple and practical notion that minds and bodies work better together, offering programs in the workplace, in corporations, at the yoga studio and in the community at large.
The Volvo for life Awards (http://www.volvoforlifeawards.com/), launched in 2002, is the largest-ever national search for and celebration of everyday heroes in the categories of Safety, Quality of Life and Environment. Volvo Cars of North America provides $1 million in awards and contributions in honor of heroes. Since the inception of the program, Volvo has contributed more than $5 million to help hometown heroes continue their extraordinary work in their communities. Alexandra Scott Butterfly Award Winner Unveiled In addition to the three category winners, Volvo also named 10-year-old Zach Bonner, of Valrico, Fla., the winner of the Alexandra Scott Butterfly Award. The award was created by Volvo Cars of North America to honor young heroes who do the extraordinary in the areas of Safety, Quality of Life and Environment in the name of Alexandra Scott, a Volvo for life Awards winner from Wynnewood, Pa., who passed away at age eight from cancer. She raised more than $1 million for pediatric cancer research through lemonade sales and other fundraising activities. Parents Jay and Elizabeth Scott continue promoting Alex's cause and raising money for pediatric cancer research through their foundation, Alex's Lemonade Stand Foundation. Bonner, who will receive a $25,000 charitable donation, founded the Little Red Wagon Foundation, Inc., an organization that collects and donates backpacks filled with food and school items to disadvantaged children nationwide. In late 2007, Bonner completed a marathon walk from Tampa to Tallahassee, Fla. covering - 280 miles over 23 days, raising money and awareness for homeless children along the way. First Call Analyst:
FCMN Contact:
Source: Volvo Cars of North America
CONTACT: Kim McMartin of Haberman & Associates, +1-612-372-6464,
kim@habermaninc.com, for Volvo Cars of North America Web site: http://www.volvocars.com/
http://www.volvoforlifeawards.com/
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Profile: automotive-news
Ten-Year-Old Zach Bonner Named Winner of Volvo's National Hometown Youth Hero Award
Ten-Year-Old Zach Bonner Named Winner of Volvo's National Hometown Youth Hero Award Bonner Will Receive $25,000 for the Charity of His Choice Since 2002, Volvo has contributed nearly $5 million in funding and awards to help real-life heroes continue extraordinary work in their communities IRVINE, Calif., Feb. 19 /PRNewswire/ -- He's just 10-years old but Zach Bonner has achieved a lifetime's worth of accomplishments on behalf of children who are homeless. He's raised awareness, dollars and the spirits of thousands of kids, and now he is being recognized nationally for his efforts. Volvo today announced that Bonner, from Valrico, Fla., has been named the winner of the Alexandra Scott Butterfly Award and will receive a $25,000 contribution to the charity of his choice. This award was created in 2004 by Volvo Cars of North America to honor young heroes who do the extraordinary in the areas of Safety, Quality of Life and Environment in the name of Alexandra Scott, a Volvo for life Awards winner from Wynnewood, Pa., who passed away at age eight from cancer. She raised more than $1 million for pediatric cancer research through lemonade sales and other fundraising activities. Parents Jay and Liz Scott, Butterfly Award judges, continue promoting Alex's cause and raising money for pediatric cancer research through their foundation, Alex's Lemonade Stand Foundation. They will also receive a $25,000 contribution for their foundation. "I am thrilled and so thankful to get the Volvo for life Award," Bonner said. "I am honored that others think I'm making a difference in kids' lives. I will use the donation from Volvo to continue to make backpacks and books available to homeless kids." More About Zach Bonner Bonner collected an incredible 27 truckloads of sundry items for Katrina's homeless shortly after the storm devastated the Gulf coast. A year later, he collected $600 in donations for Red Cross post-Katrina efforts and then secured an additional $7,000 worth of new toys and sporting equipment for homeless children living in Red Cross shelters. This year, Bonner will hold his second holiday party for some 700 Katrina children still living in FEMA trailer parks, for which he has already collected more than 500 hams and gift bags. Bonner also recently founded the Little Red Wagon Foundation, Inc., an organization that collects and donates backpacks filled with food, school items and other supplies to disadvantaged children nationwide. When Congress made November National Homeless Youth Awareness Month, Bonner created an event to raise awareness about homeless children: a marathon walk from Tampa, Fla. to Tallahassee, Fla. covering 250 miles over 23 days. Through the walk, Bonner and his team raised money and awareness for the nation's estimated 1.3 million homeless children. Bonner will receive his award at the Volvo for life Awards Ceremony at New York City's world famous Cipriani's 42nd Street on March 19. He will be honored alongside three other Volvo for life heroes who are: Quality of Life
Matthew Sanford, Orono, Minn.
Matthew Sanford, 42, was involved in a car crash that took the lives of his father and sister, and left him paralyzed from the chest down. Now, he is a nationally recognized yoga teacher, author and renowned expert in mind-body integration who has inspired and enhanced the lives of thousands. In 2001, Sanford founded Mind Body Solutions, a nonprofit organization dedicated to the simple and practical notion that minds and bodies work better together, offering programs in the workplace, in corporations, at the yoga studio and in the community at large.
Safety
Marilyn Adams, Earlham, Iowa
In 1987, Marilyn Adams, 57, founded Farm Safety 4 Just Kids and set out on a mission to promote safe farm environments and eliminate farm-related child health hazards, injuries and fatalities. Farm Safety 4 Just Kids now has 137 chapters throughout North America. Through her visits to rural schools, media appearances, testimony before government agencies and in Congress, Adams has spread her farm safety message across the country.
Environment
Lorraine Kerwood, Eugene, Ore.
Lorraine Kerwood, 47, established NextStep Recycling. The organization has recycled more than 800 tons of electronic waste and placed 11,000 computers in disadvantaged communities in the United States and abroad. More than 500 computers have been shipped to rural Guatemalan schools, orphanages and non-governmental organizations.
The Volvo for life Awards (http://www.volvoforlifeawards.com/), launched in 2002, is the largest-ever national search for and celebration of everyday heroes in the categories of Safety, Quality of Life and Environment. Volvo Cars of North America provides $1 million in awards and contributions in honor of heroes. Since the inception of the program, Volvo has contributed more than $5 million to help hometown heroes continue their extraordinary work in their communities. First Call Analyst:
FCMN Contact:
Source: Volvo Cars of North America
CONTACT: Pete Stoddart of Haberman & Associates, +1-612-372-6472,
pete@habermaninc.com, for Volvo Cars of North America Web site: http://www.volvocars.com/
http://www.volvoforlifeawards.com/
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Profile: automotive-news
Volvo Unveils Sixth Annual Hometown Hero Award Winners
Volvo Unveils Sixth Annual Hometown Hero Award Winners Each Volvo for life Hero Will Receive $100,000 in Support of Their Causes Since 2002, Volvo has contributed nearly $5 million in funding and awards to help real-life heroes continue extraordinary work in their communities IRVINE, Calif., Feb. 19 /PRNewswire/ -- Volvo today announced the top three winning heroes in the 6th Annual Volvo for life Awards: Marilyn Adams from Iowa for Safety, Oregon's Lorraine Kerwood for environmental care and Minnesota's Matthew Sanford for the Quality of Life category. Each of these heroic individuals displayed courage, innovation and unyielding commitment to their causes and they have touched the lives of thousands of people throughout the United States. After a tragic farm accident involving her son, Adams founded Farm Safety 4 Just Kids and set out on a mission to promote safe farm environments across the country. Sanford, paralyzed from the chest down, is a nationally recognized yoga teacher, author and founder of Mind Body Solutions, a nonprofit organization dedicated to revolutionizing the rehabilitation process. Kerwood created an electronics recycling and distribution center, NextStep Recycling, which brings refurbished computers to disadvantaged communities and benefits the environment by reducing electronic waste. Now, they will be honored with our country's most prestigious hero awards. Adams, Kerwood and Sanford each will receive a $100,000 contribution from Volvo to the charity of their choice and will be recognized at the Volvo for life Awards Ceremony at New York City's world famous Cipriani's 42nd Street on March 19. During the ceremony one overall Grand Award winner will be named "America's Greatest Hometown Hero" and will be presented with a new Volvo every three years for the rest of his or her life. "In our sixth year of the Volvo for life Awards, we once again are in awe of the accomplishments of every one of the heroes that were nominated by the American public. The top 40 semifinalists, the 12 finalists and of course these three amazing people-Marilyn, Lorraine and Matthew-have taken it upon themselves to change and improve our communities," said Anne Belec, president and chief executive officer for Volvo Cars of North America. "Speaking on behalf of everyone at Volvo, I want to commend and thank all of them. It is our honor to pay tribute to the great and lasting work they are doing." The Volvo for life Awards (http://www.volvoforlifeawards.com/), launched in 2002, is the largest-ever national search for and celebration of everyday heroes in the categories of Safety, Quality of Life and Environment. Volvo Cars of North America provides $1 million in awards and contributions in honor of heroes. Since the inception of the program, Volvo has contributed more than $5 million to help hometown heroes continue their extraordinary work in their communities. The American public selected nine finalists, three in each category of Safety, Quality of Life and Environment. A distinguished panel of judges-including Hank Aaron, Sen. Bill Bradley, Maya Lin, Dr. Sally Ride, Eunice Kennedy Shriver, Dr. Mae Jemison and Edsel B. Ford II-then selected the three category winners, who are: Safety
Marilyn Adams, Earlham, Iowa
Twenty years ago, Marilyn Adams, 57, faced every mother's greatest fear. Her 11- year-old son, Keith, suffocated in a gravity flow wagon while helping with the first full day of harvest on the family's farm in Iowa. Determined to find a constructive outlet for her grief, she was inspired to create a nonprofit organization working to educate children about farm safety and health. Today, thousands of volunteers across the United States and Canada work to keep rural kids safe and healthy. In 1987, Adams founded Farm Safety 4 Just Kids and set out on a mission to promote safe farm environments and eliminate farm-related child health hazards, injuries and fatalities. A report by the National Safety Council found that children between the ages of 5 and 14 were 66 percent more likely to be injured in a farm accident than adults aged 45 to 64. Farm Safety 4 Just Kids' contribution to the farm safety movement has helped to reduce the number of agriculture-related fatalities among children in the United States. Farm families now have additional programs and educational materials highlighting the dangers that children can encounter on farms, and information about how to avoid them. Farm Safety 4 Just Kids now has 137 chapters throughout North America. Through her visits to rural schools, media appearances, testimony before government agencies and in Congress, Adams has spread her farm safety message across the country.
Environment
Lorraine Kerwood, Eugene, Ore.
According to the Environmental Protection Agency, the United States generated 2.6 million tons of electronic waste in 2005, only 12.6 percent of which was recycled. Lorraine Kerwood, 47, has set out to improve this statistic. Her computer recycling and distribution center, NextStep Recycling, brings refurbished computers to disadvantaged communities and benefits the environment by reducing electronic waste. While attending the University of Oregon, Kerwood taught herself how to rebuild computers, which she then gave to people who couldn't afford them. With her new skill set, and her passion for helping the disadvantaged, Kerwood established NextStep Recycling. The organization has recycled more than 800 tons of electronic waste and placed 11,000 computers in disadvantaged communities in the United States and abroad. More than 500 computers have been shipped to rural Guatemalan schools, orphanages and non-governmental organizations. This has drawn the attention of corporate, government and academic institutions. Tulane University studied NextStep's computer labs built in partnership with rural Mayan communities. They determined that the labs improved the lives of more than 5,000 Guatemalan children.
Quality of Life
Matthew Sanford, Orono, Minn.
At age 13, Matthew Sanford was involved in a car crash that took the lives of his father and sister, and left him paralyzed from the chest down. Advice from his doctors to "forget his lower body," however, was what really crippled Sanford, leading him to ignore his once-athletic body, until he discovered yoga at age 25 and the power of the mind-body connection. Now a nationally recognized yoga teacher, author and renowned expert in mind-body integration who has inspired and enhanced the lives of thousands. In 2001, Sanford, 42, founded Mind Body Solutions, a nonprofit organization dedicated to the simple and practical notion that minds and bodies work better together, offering programs in the workplace, in corporations, at the yoga studio and in the community at large. Sanford teaches yoga to people of all abilities at the Courage Center in Minneapolis and at fitness studios throughout the country, but he is a pioneer in adapting yoga for people living with disabilities. Sanford also shares his philosophy on the fundamental importance of the mind-body relationship for everyone through his personal memoir Waking: A Memoir of Trauma and Transcendence, and a busy schedule of speaking engagements to a broad base of audiences nationwide. He is currently using his personal experience to help transform the delivery of healthcare, including an initiative for veterans.
The six remaining finalists in the 6th Annual Volvo for life Awards will receive a donation of $25,000 to the charities of their choice. The remaining finalists are: Safety:
-- Ronald Dunon, 58, Kalamazoo, Mich., who founded the AED Fund of
Kalamazoo County to help increase the chances of survival for future
sudden cardiac arrest victims in underserved communities.
-- Jeff Payne, 40, Las Vegas, Nev., who teaches thousands of youth how to
avoid vehicle accidents and drive safely through his program "Driver's
Edge."
Quality of Life:
-- John Dau, 35, Syracuse, N.Y., who has raised $700,000 to improve
healthcare and literacy in southern Sudan.
-- Darius Weems, 18, Athens, Ga., who works to raise money for Duchenne
Muscular Dystrophy (DMD) research through "Darius Goes West," a
documentary that chronicles his courageous journey across America, his
first time ever outside of Georgia.
Environment:
-- Zander Srodes, 17, Cape Haze, Fla., who has educated more than 5,000
students about sea turtle conservation through a series of educational
presentations called "Turtle Talks."
-- Charles Turner, 48, Sedley, Va., who founded the Blackwater-Nottoway
Riverkeeper Program, which mobilizes individuals to patrol rivers
looking for signs of pollution and educate others about the importance
of clean, wild waterways.
Alexandra Scott Butterfly Award Winner Unveiled
In addition to the three category winners, Volvo also named 10-year-old Zach Bonner, of Valrico, Fla., the winner of the Alexandra Scott Butterfly Award. The award was created by Volvo Cars of North America to honor young heroes who do the extraordinary in the areas of Safety, Quality of Life and Environment in the name of Alexandra Scott, a Volvo for life Awards winner from Wynnewood, Pa., who passed away at age eight from cancer. She raised more than $1 million for pediatric cancer research through lemonade sales and other fundraising activities. Parents Jay and Elizabeth Scott continue promoting Alex's cause and raising money for pediatric cancer research through their foundation, Alex's Lemonade Stand Foundation.
Bonner, who will receive a $25,000 charitable donation, founded the Little Red Wagon Foundation, Inc., an organization that collects and donates backpacks filled with food and school items to disadvantaged children nationwide. In late 2007, Bonner completed a marathon walk from Tampa to Tallahassee, Fla. covering -- 280 miles over 23 days, raising money and awareness for homeless children along the way. First Call Analyst:
FCMN Contact:
Source: Volvo Cars of North America
CONTACT: Kim McMartin of Haberman & Associates, +1-612-372-6464,
kim@habermaninc.com, for Volvo Web site: http://www.volvoforlifeawards.com/
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Profile: automotive-news
Platinum Research Extends R&D Agreement With U. of Texas at Arlington
Platinum Research Extends R&D Agreement With U. of Texas at Arlington DALLAS, Feb. 19 /PRNewswire-FirstCall/ -- Platinum Research Organization (BULLETIN BOARD: PLRO) (http://www.platinumresearch.com/) has extended its research and development agreement with the University of Texas at Arlington (UTA) for another year, according to company CEO John T. (Cork) Jaeger. Platinum has been working with UTA since 2000 to develop and refine advanced lubricant additives and coatings for the automotive and general industrial markets. "UTA has an outstanding group of researchers, headed by Dr. Pranesh Aswath, and the relationship has been a highly productive cornerstone of our product research and development," said Jaeger. "We recently released TechroBond 280, our first product for the commercial marketplace, which was a direct result of work with our UTA R&D team," he said. "Other products for automotive engine oils and greases are in advanced stages of testing. We also have testing agreements with major corporations, which we can't detail because of nondisclosure agreements." The contract for 2008 continues or extends the research UTA is doing in four areas: engine oil additives, industrial grease additives, anti-corrosion coatings for aluminum and anti-fouling paints for ships. "Over the time that we've been working with Platinum, our relationship has grown stronger every year," said Dr. Pranesh Aswath, professor of materials science and engineering at UTA. "This has been a very good relationship for UTA and our students and, I hope, for Platinum as well. We have learned a lot from working with the company and we've achieved some significant results in our research for them." To date the research at UTA has led to the development of several new industrial grease products as well as several new discoveries in anti-wear chemistries for engine oils. The research performed at UTA has resulted in the filing of seven patents on behalf of PRO. About Platinum Research Organization Inc. (PRO) PRO designs, develops and commercializes patented, high performance additives for lubricants and coatings. The Company's proprietary additive, TechroBond(TM), offers substantial economic, performance and environmental advantages over those now used. In engine oils, TechroBond will extend the life of catalytic converters, thereby reducing harmful emissions; it increases the anti-wear performance of industrial greases while reducing their cost; and in coatings and paints, TechroBond may replace environmentally hazardous materials. PRO's formulations and processes are protected by a series of U.S. patents, patent applications, continuation-in-part applications and trade secrets. The company is located in Dallas. Trademarks: TechroBond is a trademark of Platinum Research Organization Inc. All other trademarks are the properties of their respective owners. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 Statements about the future performance of the company, economic trends, and other forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including and without limitation, continued acceptance of the company products, increased levels of competition for the company, new products and technological changes, the company's dependence on third-party suppliers, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. The company provides no assurance regarding the actual outcome of the events contemplated by any forward-looking statements included in this release and the company assumes no obligation to update any such forward looking statements. First Call Analyst:
FCMN Contact: pam@hopkinspr.com
Photo: http://www.newscom.com/cgi-bin/prnh/20070731/LATU130LOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, photodesk@prnewswire.com
Source: Platinum Research Organization Inc.
CONTACT: investors, Charles Moskowitz of FOCUS Partners,
+1-617-633-2259, cm@focuspartners.com, or media, Barbara Hyman of Hopkins &
Associates, +1-214-828-0066, barbara@hopkinspr.com, both for Platinum Research
Organization Inc. Web site: http://www.platinumresearch.com/
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Profile: automotive-news
Aon Unit Valley Oak Systems Implements Claims System at DaimlerChrysler Insurance Company
Aon Unit Valley Oak Systems Implements Claims System at DaimlerChrysler Insurance Company The iVOS(R) 'One-System' Claims Solution Will Streamline Management of Auto Claims SAN RAMON, Calif., Feb. 19 /PRNewswire-FirstCall/ -- Valley Oak Systems, Inc., a unit of Aon Corporation (NYSE:AOC) and a leading provider of insurance technology solutions, today announced that DaimlerChrysler Insurance Company has implemented Valley Oak's iVOS system as its "one-system" claims management solution. DaimlerChrysler Insurance Company (DCIC) is a specialty insurance company offering property and casualty insurance programs to automobile dealerships. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) "We have two primary lines of business -- one for our car dealerships and another for other insurance programs. Previously, these businesses required two separate claims systems and two separate IT teams to support," said Stephanie Sackfield, manager of insurance systems and support services at DCIC. "By moving to iVOS, we have now integrated our two businesses onto a single solution, enabling streamlined operations, simpler system maintenance, and one centralized data repository." The iVOS claims system offers a wide array of system capabilities to assist adjusters in processing claims, including diary, scheduling, document imaging, workflow management, and automation tools. The system can be customized to meet an organization's specific claims-management needs. Clients choose the modules essential to service their unique workflow, processes and business objectives. iVOS offers the following efficiencies to DCIC:
-- A one-system platform consolidates comprehensive administrative
capabilities, including claims management, medical bill review, policy
administration, event reporting, document imaging, and case management.
-- Browser-based technology that is native to the Internet that
eliminates the need for middleware and allows updates to occur at the
server-level, rather than individual workstations.
-- Advanced tools-such as Claim Mail, Sticky Note, and Guest Link
technology-enable adjusters to increase paperless workflow and
streamline communication.
-- Powerful, easy-to-configure business rules automate workflow; business
users simply use drop-down menus and checkboxes, rather than having to
program code.
"We are thrilled to have the opportunity to work with DaimlerChrysler, as this insurance company is recognized as the industry leader in dealership coverage," said Randy Wheeler, chief executive officer of Valley Oak Systems. "The carrier's main objectives were to achieve more streamlined operations, faster turnaround on claims, and a more paperless work environment. Toward these goals, iVOS provides a high level of automation, sophisticated business rules, and integration with the insurer's document-imaging and other core applications, such as its vehicle identification number (VIN) system."
Sackfield attributed the success of the implementation to the thorough business and system analysis performed by both organizations. DCIC and Valley Oak Systems launched a "deep dive" into business users' needs. Sackfield adds, "This coordinated communication and sharing of information allowed our companies to become true business partners, working toward the same goals in a highly collaborative environment. In the end, all the right factors came together. Our action plan for system integration, customization, and data migration enabled a successful implementation." About DaimlerChrysler Insurance Company As a subsidiary of Chrysler Financial, the DaimlerChrysler Insurance Company (DCIC) is a specialty insurance company providing property and casualty insurance to automobile dealerships since 1964. Focusing exclusively on automobile dealerships, DCIC is recognized throughout the industry as the leader in dealership insurance products and services. From floor plan insurance to employee retirement plans to personal auto insurance, DCIC offers innovative programs that reduce risk and control premiums. About Valley Oak Systems, Inc. Founded in 1994, Valley Oak Systems (http://www.valleyoak.com/), a unit of Aon Corporation (NYSE:AOC), provides high quality software that enables clients to achieve outstanding efficiency and performance in insurance administration, including claims management, medical bill review, policy administration, case management, billing and events. Due to its client-focused approach, Valley Oak Systems has established itself as an industry leader in insurance solutions, and its comprehensive iVOS system was recognized for its business impact with the 2006 IASA Technology Achievement Award. About Aon Aon Corporation (NYSE:AOC) is the leading global provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. Through its 43,000 professionals worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Our industry-leading global resources, technical expertise and industry knowledge are delivered locally through more than 500 offices in more than 120 countries. Aon was ranked by A.M. Best as the number one global insurance brokerage in 2007 based on brokerage revenues, and voted best insurance intermediary, best reinsurance intermediary, and best employee benefits consulting firm in 2007 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com/. Media Contact:
Cynthia Chow
Valley Oak Systems
925-242-4600
cchow@valleyoak.com First Call Analyst:
FCMN Contact: rahsaan_johnson@aon.com Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Aon Corporation
CONTACT: Cynthia Chow of Valley Oak Systems, +1-925-242-4600,
cchow@valleyoak.com Web site: http://www.aon.com/
http://www.valleyoak.com/
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Profile: automotive-news
Ener1 to Present at German Symposium on Hybrid Vehicles
Ener1 to Present at German Symposium on Hybrid Vehicles FORT LAUDERDALE, Fla., Feb. 19 /PRNewswire-FirstCall/ -- Ener1, Inc. (BULLETIN BOARD: ENEI) today announced that its Executive Vice President and CEO of its EnerDel subsidiary, Ulrik Grape, will deliver a presentation on ultra-safe, high-power, lithium ion battery systems for HEV at the 5th Braunschweig Symposium at 10:00 A.M. (CET) on Thursday, February 21st. The conference is being held over two days at the Braunschweig Civic Hall. The conference will feature presentations from two dozen university and industry experts on a variety of topics related to hybrid vehicles, including overall vehicle concepts, batteries, battery management systems, drive trains and thermal management. Industry participants include representatives from Daimler, BMW, Siemens, Volkswagen and Toyota Motor Europe. University participants include speakers from Vienna, Munich and Braunschweig Universities of Technology. (Logo: http://www.newscom.com/cgi-bin/prnh/20040825/FLW010LOGO ) The conference is organized by GZVB e.V. (Gesamtzentrum fur Verkehr Braunschweig). Additional information can be found at http://www.gzvb.de/ . About Ener1, Inc. Ener1, Inc. (BULLETIN BOARD: ENEI) is leading the North American development and commercialization of advanced, high-performance safe lithium ion (Li-ion) batteries for hybrid electric vehicles (HEVs), Plug-in HEVs (PHEVs) and Electric Vehicles (EVs). Ener1 also is developing commercial fuel cell products through its EnerFuel subsidiary and nanotechnology-based materials and manufacturing processes for batteries and other applications at its NanoEner subsidiary. For more information, visit http://www.ener1.com/ and http://www.enerdel.com/ or call 954-556-4020. Contact: Michael Mason (investor relations)
Allen & Caron Inc
212 691 8087
michaelm@allencaron.com Jerry Herlihy (Ener1)
954 556-4020 x310
Jherlihy@ener1.com First Call Analyst:
FCMN Contact: Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040825/FLW010LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Ener1, Inc.
CONTACT: Investor Relations, Michael Mason of Allen & Caron Inc,
+1-212-691-8087, michaelm@allencaron.com; or Jerry Herlihy of Ener1,
+1-954-556-4020 x310, Jherlihy@ener1.com Web site: http://www.ener1.com/
http://www.enerdel.com/
http://www.gzvb.de/
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Profile: automotive-news
Nissan Official Partner of EVER Monaco 2008
Nissan Official Partner of EVER Monaco 2008 TRAPPES, France, February 19/PRNewswire-FirstCall/ -- Nissan Motor Co., Ltd., is taking another opportunity to
showcase its latest environmental innovations by becoming an official partner
of EVER Monaco 2008, an automotive show devoted to Ecological Vehicles and
Renewable Energies. The Expo, which is held in the Principality from 27-30 March,
is dedicated to all forms of transport powered by fuels offering a real
ecological benefit. The spotlight will fall on vehicles powered by
electricity, fuel cell, gas and bio fuels as well as on hybrids. At the event, Nissan will be showing the innovative Mixim
electric concept which made its debut at the Frankfurt Motor Show in 2007. A
sporting four-seater with the driver centrally placed slightly ahead of the
passengers, Mixim has been developed to appeal to a generation of 'computer
kids' who have turned their back on the car in favour of the Internet. "If the motor industry is going to survive beyond the next few
years, we are going to have to work hard to attract future generations of
drivers - people who currently find it difficult to love the car," says
François Bancon, General Manager of Nissan's Exploratory and Advance Planning
Department. "Mixim is one way to do that. It combines a sociable three
plus one interior with controls and visual projections that are familiar to
the computer generation. And it uses environmentally-friendly battery power." Also on display in the Espace Ravel within the Grimaldi Forum
will be a quarter scale model of Pivo 2, a highly distinctive Nissan EV
concept packed with advanced technology. Under the Nissan Green Program 2010, which is dedicated to
lowering Nissan's environmental impact, the company has pledged to launch a
zero emission electric vehicle (EV) early next decade. Nissan has also pledged to develop a 'three-litre' car- one
that uses only 3.0 litres of fuel to travel 100 kms - by the turn of the
decade, as well as a hybrid vehicle using its own technology. The company
also plans to increase the availability of flexible fuel vehicles. - As well as showcasing the environmental efforts of the motor
industry, the 3rd EVER Monaco Expo will have areas dedicated to two-wheel
vehicles, to industry suppliers and to trucks and buses. There will be a
series of forums and round table discussions on subjects ranging from bio
fuels to urban toll zones presented by industry experts. Visitors will be able to sample some of the exhibits in a
special 'ride and drive' arena while the Monte Carlo Rally for Alternative
Energy Vehicles, run concurrently with the Expo, is designed to show that
environmentally friendly cars can still be fun to drive.
For more information, contact:
Mia Nielsen,
Design & Technology Communications,
Nissan Europe,
+33-(0)1-30-13-6644;
Photos of Mixim and Pivo 2 are available on:
http://www.nissaneurope-newsbureau.com Source: Nissan Motor Co. Ltd. For more information, contact: Mia Nielsen, Design & Technology Communications, Nissan Europe, +33(0)1-30-13-6644.
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Profile: automotive-news
Get Free Songs from eMusic with Every Avis Car Rental
Get Free Songs from eMusic with Every Avis Car Rental Choose From More Than Three Million Tracks and Customized Playlists NEW YORK and PARSIPPANY, N.J., Feb. 19 /PRNewswire/ -- For many people, the idea of a car trip without music is unthinkable. From compact disks to MP3 players to satellite radio, travelers always want to bring along the perfect soundtrack for their road trip. Now eMusic, the world's largest digital retailer of independent music, is teaming up with Avis to offer free music with every car rental. Avis renters can choose from eMusic's vast catalogue of more than three million music tracks and will receive five free tracks for every rental up to four days in length, and ten tracks for rentals more than five days in length. Avis will also offer renters who complete a reservation the eMusic free "Daily Download." To help them get the most out of their travel, eMusic and Avis will provide renters with exclusive playlists developed by dedicated "eMusicologists" themed for holiday weekends, specific destinations and more. Recent playlists have included "Country Roads," featuring Taylor Swift and Patsy Cline, "American Roots," including jazz and blues masters such as John Coltrane and John Lee Hooker, and a variety of Christmas holiday playlists. Avis customers can also sign up for an eMusic free trial and use the service to discover more great music and audiobooks for their next business or leisure trip, and because eMusic provides all tracks in the universally compatible MP3 format, they can easily transfer those tracks to any digital music device or burn to CD for use in their car, home or portable music player. eMusic's artists include indie rockers such as Arcade Fire and Spoon, legendary performers Johnny Cash and Creedence Clearwater Revival and seminal jazz masters such as Bill Evans, John Coltrane and Miles Davis. eMusic's long- standing devotion to authentic sounds and adult customers led Avis to partner with the company as its exclusive music partner. "We're always looking for ways to enhance the rental experience and help make trips more enjoyable for customers," said Becky Alseth, senior vice president of marketing for Avis Budget Group, parent company of Avis. "Music and driving go hand-in-hand, so eMusic is the perfect way for our customers to find songs to capture the mood of their trip. It's just another way that 'We Try Harder' to make each trip memorable." "eMusic is looking forward to helping Avis customers create the ideal soundtrack for their next business or pleasure trip," said Kip Morgan, eMusic chief marketing officer. "Both Avis and eMusic focus on adventurous adult customers, and eMusic offers them the chance to discover more than three million tracks of expertly curated independent rock, jazz, classical, electronic and world music." To receive free music downloads, customers must enroll in the Avis eMusic Giveaway at www.avis.com/emusic. Car rental reservations must be made through avis.com or through the Avis reservation center at 1-888-777-AVIS. An e-mail containing eMusic download codes will be automatically sent after customers complete each qualifying rental. For more information, visit www.avis.com/emusic. About eMusic eMusic (www.emusic.com) is a digital entertainment retailer focused on serving customers aged 25+ by offering independent music and audiobooks in a universally compatible format at a great value. It is the world's largest retailer of independent music and the world's second-largest digital music service, with more than three million tracks from 27,000 of the world's leading independent labels and over 1,500 titles from top audiobooks publishers. To serve its customers, eMusic provides award-winning editorial content, a vibrant online community and unrivaled music discovery tools. eMusic's subscription-based service offers 25 free downloads or one free book at sign-up, giving consumers an inexpensive, low-risk way to explore great new music and books they wouldn't find otherwise. Its universally compatible MP3 files play on any device including the iPod(R). Based in New York with an office in London, eMusic.com Inc. is wholly owned by Dimensional Associates, Inc., the private equity arm of JDS Capital Management, Inc. About Avis Avis Rent A Car System, LLC and its subsidiaries operate one of the world's leading car rental brands, providing business and leisure customers with a wide range of services at more than 2,100 locations in the United States, Canada, Australia, New Zealand and the Latin American / Caribbean region. Avis is one of the world's top brands for customer loyalty, ranking as the number one car rental company in the 2007 Brand Keys(R) Customer Loyalty Index. The company is a wholly owned subsidiary of Avis Budget Group, Inc. (NYSE:CAR). For more information, visit www.avis.com.
First Call Analyst:
FCMN Contact:
Source: Avis
CONTACT: Alice Pereira of Avis, +1-973-496-6113,
alice.pereira@avisbudget.com; or Denise Yantin of eMusic, +1-212-300-2885,
dyantin@emusic.com; or Nicole Laster of Maloney & Fox for eMusic,
+1-646-356-8339, nlaster@maloneyfox.com Web site: http://www.avis.com/
http://www.avis.com/emusic
http://www.emusic.com/
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Profile: automotive-news
Sreenan Appointed General Manager, Southern Region for Mercedes-Benz USA
Sreenan Appointed General Manager, Southern Region for Mercedes-Benz USA MONTVALE, N.J., Feb. 19 /PRNewswire/ -- Mercedes-Benz USA (MBUSA) announced the appointment of Kevin Sreenan to general manager of the company's Southern Region. As head of the region, Sreenan is responsible for sales, service, parts, vehicle marketing and operations for nine states and Puerto Rico and is a member of MBUSA's senior management team reporting to Michael Slagter, vice president of sales. (Photo: http://www.newscom.com/cgi-bin/prnh/20080219/NYTU022 ) Sreenan joins Mercedes-Benz from Penske Automotive Group where he served most recently as area vice president for New York and New Jersey. In this role, he was responsible for directly overseeing and managing 20 automotive dealerships, totaling over $1.6 billion in sales and over 59,000 vehicle sales annually. In 2006, Sreenan was honored with the President's Award, the highest achievement of performance for Penske Automotive. Previously, Sreenan held various positions at Southeast Toyota Distributors, LLC, based in Deerfield Beach, FL. These positions included vice president of market representation, assistant vice president of retail marketing, director of retail marketing, and director of distribution. In these roles, Sreenan was responsible for managing and distributing 250,000 vehicles in the Southeast region, managing advertising and marketing with an $82 million budget, and complete control and management of 166 dealer franchise agreements. Sreenan earned his bachelor's degree from the University of Wisconsin and a master's degree in business administration from the University of Phoenix. Sreenan currently resides with his family in Towaco, N.J. Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080219/NYTU022
AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network: PRN6
PRN Photo Desk, photodesk@prnewswire.com
Source: Mercedes-Benz USA
CONTACT: Donna Boland of Mercedes-Benz USA, +1-201-573-6893,
1-888-MBNEWS-1 (toll free) Web site: http://www.mbusa.com/
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Profile: automotive-news
Quantum Awarded $14.5 Million Development Program to Advance and Integrate Q-Drive System for Fisker Automotive
Quantum Awarded $14.5 Million Development Program to Advance and Integrate Q-Drive System for Fisker Automotive IRVINE, Calif., Feb. 19 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ:QTWW) announced today that it has received a $14.5 million program from Fisker Automotive, Inc. to advance and integrate Quantum's proprietary high-performance plug-in-hybrid electric vehicle ("PHEV") architecture -- known as "Q-Drive" -- for the Fisker Karma four-door sport sedan production model. The Q-Drive system has evolved over five years of innovation and development at Quantum. Quantum's Q-Drive system takes full advantage of the performance potential of electric drive systems while achieving high fuel mileage and low emissions through its integrated plug-in hybrid electric design. Benefits of Quantum's drive system include optimized fuel efficiency and superior performance, unchanged gas station infrastructure, and convenient battery recharging with any 110-volt outlet, 220/240-volt fast-charging, or using Quantum's solar energy powered re-charging station. Quantum's Q-Drive PHEV system will allow Fisker drivers to drive emission free for up to 50 miles a day following convenient at-home recharging every evening at a gasoline-equivalent price of $0.75 cents. This contract initiates the integration of Quantum's Q-Drive system into a unique chassis that will enable optimizing the performance and vehicle dynamics for each of the models in Fisker's line of premium luxury green cars. Additional efforts are anticipated for Quantum to complete the development, testing, and validation of the integrated Q-Drive system to meet all automotive industry, safety, and emissions standards to be able to put the Fisker sedan into the hands of consumers. "We are pleased to be working in partnership with the engineering team at Fisker to bring their innovative design to market," said Alan P. Niedzwiecki, the President and CEO of Quantum. "The new Fisker hybrid sports sedan, unveiled at the North American International Auto Show in January, has generated much interest from the automotive industry, media, and consumers. This contract enables Quantum to accelerate and commercialize the Quantum Q-Drive system into the new Fisker Karma luxury hybrid sports sedan to meet the growing demand for this new class of 'green' vehicles." About Quantum: Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's portfolio of technologies includes advanced lithium-ion battery systems, electronic controls, hybrid electric drive systems, hydrogen storage and metering systems, and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, dealer networks, fleets, aerospace industry, military and other government entities, and other strategic alliance partners. Quantum has also formed a new company with Fisker Coachbuild, LLC, which is called Fisker Automotive, Inc. Fisker Automotive will offer a range of environmentally friendly premium cars, incorporating Quantum's proprietary high-performance plug-in-hybrid electric vehicle architecture, known as "Q-Drive," into a unique chassis that will enable optimizing the performance and vehicle dynamics. More information can be found about Quantum's products and services at http://www.qtww.com/. Forward Looking Statements Except for historical information, the statements, expectations, and assumptions contained in the foregoing press release are forward-looking statements. Such forward-looking statements include, but are not limited to, the Company's expectations regarding expected future revenues and operating results; future opportunities for Quantum; the Company's ability to complete and integrate the Q-Drive system; and other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management. Such statements are subject to a number of risks and uncertainties, and actual results could differ materially from those discussed in any forward-looking statement. Factors that could cause actual results to differ materially from such forward-looking statements include, among other factors, the Company's ability to integrate its technology, program timing, etc. Reference should also be made to the risk factors set forth from time to time in the Company's SEC reports, including but not limited to those contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2007. The Company does not undertake to update or revise any of its forward-looking statements even if experience or future changes show that the indicated results or events will not be realized. For more information regarding Quantum, please contact: Dale Rasmussen
Investor Relations
Email: DRasmussen@qtww.com
+1-206-315-8242
First Call Analyst:
FCMN Contact:
Source: Quantum Fuel Systems Technologies Worldwide, Inc.
CONTACT: Dale Rasmussen, Investor Relations of Quantum Fuel Systems
Technologies Worldwide, Inc., +1-206-315-8242, DRasmussen@qtww.com Web site: http://www.qtww.com/
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Profile: automotive-news
posted by automotive-news # 9:13 AM
ICOP Digital to Exhibit at the 2008 International Wireless Communications Expo in Las Vegas
ICOP Digital to Exhibit at the 2008 International Wireless Communications Expo in Las Vegas LENEXA, Kan., Feb. 19 /PRNewswire-FirstCall/ -- ICOP Digital, Inc. (NASDAQ:ICOP), an industry-leading company engaged in advancing digital surveillance solutions, today announced that a representative from ICOP will be co-exhibiting with Sprint at the International Wireless Communications Expo in Sprint's Mobile Broadband Station. ICOP Digital will be showcasing their suite of digital surveillance equipment for law enforcement, including the ICOP Model 20/20(R)-W and ICOP LIVE(TM), which enables first responders to stream live video to and from their vehicles over wireless networks (including cellular networks, mesh networks and Sprint's Mobile Broadband Network). WHO: Authorized ICOP Representative WHEN: February 27 - 29, 2008 WHERE: Sprint Mobile Broadband Station, Booth #971
Las Vegas Convention Center, South Halls 3 & 4
3150 Paradise Road
Las Vegas, Nevada WHAT: The International Wireless Communications Expo (IWCE) is the one
place where all industries and communications IT professionals
come together to share thoughts and ideas on wireless
communications technologies. About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ:ICOP) operates on the core principle that "without local security, there is no national security." It endeavors to protect people, assets and profits for communities with innovative, mission- critical security, surveillance and communication solutions. The Company engineers, manufactures and markets mobile and stationary surveillance products for use in the public and private sectors, and facilitates the delivery of live video to first responders. (GSA Contractor)
The ICOP Model 20/20(R)-W, ICOP's flagship, award-winning product, is the leading digital in-car video recorder system for law enforcement. ICOP LIVE(TM) delivers live streaming video to and from first responder vehicles and headquarters, empowering first responders with enhanced real-time situational awareness and actionable intelligence, optimizing the outcome of a crisis. ICOP LIVE delivers live video wirelessly to first responders over any wireless network and to multiple internet enabled Windows(R) devices simultaneously. The ICOP Model 4000(TM), ICOP's newest advanced surveillance solution, is the next generation transit/rail DVR system. The ICOP Model 4000 uses less power than traditional DVR's, which means less heat and translates into a more reliable unit with less downtime. In addition, the ICOP Model 4000 boasts many advanced and innovative features and capabilities, such as wireless file uploading and wireless video streaming, among many others. For more information, please view the following video presentations at http://www.icopdigital.com/why_icop.html and www.ICOP.com/veil.html, or visit www.ICOP.com. For more information, contact: For Investor/Media Relations:
Laura E. Owen, President and COO Elite Financial Communications Group/
16801 West 116th Street Elite Media Group
Lenexa, KS 66219 USA Dodi Handy, President and CEO
Phone: (913) 338-5550 Phone: (407) 585-1080
Fax: (913) 312-0264 ICOP@efcg.netLowen@ICOP.com
www.ICOP.com
First Call Analyst:
FCMN Contact:
Source: ICOP Digital, Inc.
CONTACT: Laura E. Owen, President and COO of ICOP Digital, Inc.,
+1-913-338-5550, +1-913-312-0264 (Fax), Lowen@ICOP.com; or Dodi Handy,
President and CEO of Elite Financial Communications Group - Elite Media Group,
+1-407-585-1080, ICOP@efcg.net, for ICOP Web site: http://www.icop.com/
http://www.icopdigital.com/why_icop.html
http://www.icop.com/veil.html
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Profile: automotive-news
posted by automotive-news # 8:37 AM
AFS Companies AutoQual and Drive N Style Acquired by Driven Brands
AFS Companies AutoQual and Drive N Style Acquired by Driven Brands WARREN, Mich., Feb. 19 /PRNewswire/ -- Automotive Franchise Systems, LLC announced the sale of AutoQual and Drive N Style, Michigan based franchises specializing in mobile automotive services for new and used car dealers to Charlotte, North Carolina based Driven Brands, Inc. Driven Brands is the parent of Meineke Car Care Centers, Inc., Econo Lube N; Tune, Aero Colours and Tortal.net. The sales includes 80 AutoQual operating units in the United States and 8 units in Canada plus 9 Drive N Style operating units in the US. Regarding the acquisition, John Lynch and Greg Longe, AFS Managing Partners and Founders indicated that the sale allows AFS to focus and invest in existing brands and develop complimentary new ones. "While we'll miss our friends both on the AutoQual and Drive N Style staffs," says Longe, "going forward we believe the best is yet to come at AFS as we focus on Dryer Vent Wizard, Collision On Wheels and developing new concepts." Frank Soccorsi, Chief Operating Officer for AutoQual, will assume the position of President for both AutoQual and Drive N Style. "I see this as a tremendous opportunity to grow both businesses," says Soccorsi. "The acquisition will not change our basic day-to-day operations. For AutoQual and DriveNStyle customers and franchisees, the transaction will be seamless." Financial terms of the deal were not disclosed. According to Longe, Dryer Vent Wizard and Collision on Wheels franchise development will continue working with national and international franchise consultant networks to recruit franchise candidates and build distribution. AFS experienced double digit annual growth in both earnings and franchise units each year since its inception in 2003 by John Lynch and Greg Longe. AFS is a company with the experience to acquire, promote and cultivate franchise companies in the U.S. and abroad.
Source: AFS
CONTACT: Greg Longe, +1-586-619-2160 Ext.205; or Jo Gonzalez,
+1-734-995-3261, both for AFS Web site: http://www.collisiononwheels.com/
http://www.dryerventwizard.com/
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Profile: automotive-news
posted by automotive-news # 8:12 AM
GMAC Insurance Launches Post Automotive Repair Inspection Service, Available Free of Charge Nationwide
GMAC Insurance Launches Post Automotive Repair Inspection Service, Available Free of Charge Nationwide SmartInspect(SM) Service Ensures Quality and Value of Repairs, Providing Customers Peace of Mind in Accident Aftermath ST. LOUIS, Feb. 19 /PRNewswire/ -- Today, GMAC Insurance launched SmartInspect(SM), a post-repair inspection service designed to promote consumer confidence by ensuring the quality and value of repairs after an accident. As part of the service, customers can opt for a qualified GMAC Insurance representative to re-inspect and approve all work done in the repair process. The benefit is immediately available free of charge to all customers nationwide. Nearly six million people report auto accidents each year, and traditionally, drivers are faced with managing the repair process on their own. However, industry data suggests that some are not fully satisfied with the resulting repairs. The GMAC Insurance SmartInspect service addresses this concern, working with customers throughout the entire repair process to ensure complete satisfaction. "Many insurers remove themselves from the claims process once the check has been issued for repairs, leaving drivers on their own to procure quality service," said George Hall, vice president - Claims at GMAC Insurance Personal Lines. "With SmartInspect, we follow through on our guarantee of proper repairs, because we really care about any customer concerns -- we're not just in the business of processing a check." After an accident, customers can choose a repair shop within GMAC Insurance's premier direct repair network (if available in their area) to ensure the highest-quality repairs with a lifetime guarantee. However, as always, they can specify the body shop of their choice if they prefer. Once repairs are complete, the SmartInspect service offers customers the opportunity for a qualified GMAC Insurance representative to re-inspect their vehicle. If representatives identify situations where repairs were not completed as estimated on the front end, they will address the situation with the repair facility on behalf of the customer and resolve it accordingly. "We want customers to breathe easy knowing that GMAC Insurance is handling everything in the claims process, taking responsibility through to the very end," Hall said. Bob Stone of Scottsdale, Ariz., personally experienced the benefits of the GMAC Insurance SmartInspect service. Stone was involved in a minor hit-and- run accident. Once the vehicle was at the repair shop, a GMAC Insurance representative handled the entire inspection, repair, and post-repair process, even driving Stone to pick up a rental car in the meantime. "My GMAC Insurance representative handled everything from beginning to end," Stone said. "She even gave me her mobile phone number so I could reach her at anytime. The entire experience was hassle-free, including the collision shop personnel, who followed up with a satisfaction call and allowed me to move ahead with my daily life with no additional stress. A typically frustrating occurrence was turned into an exceptionally pleasant experience." SmartInspect is the latest offering within GMAC Insurance's SmartServices(SM), a first-of-its-kind collection of benefits intended to help ease the entire recovery process after an accident. Most recently, the company announced the SmartValet(SM), a service designed to take care of all the transportation details when a customer is involved in an automobile accident -- from rental car delivery and pick up of the damaged car to returning the repaired vehicle back to their doorstep. In addition, GMAC Insurance's SmartParts(SM) Promise guarantees the use of Original Equipment Manufacturer (OEM) parts -- those made by the original parts manufacturer as the vehicle -- in all collision repairs(1) to ensure the best quality repairs possible after an accident. For more information about GMAC Insurance coverage, its collection of SmartServices and to find a local independent agent, call 877-468-3466 or visit www.gmacinsurance.com. The GMAC Insurance Group is one of the largest automobile insurers in the United States and is a wholly owned subsidiary of GMAC Financial Services. GMAC Insurance Personal Lines offers a variety of property and casualty products, including personal auto, RV, motorcycle, commercial auto and homeowners insurance. With a nationwide network of claims professionals, local independent agents and a 24-hour, toll-free claims hotline available 365 days a year, GMAC Insurance provides superior claims service for its customers. (1) This guarantee does not extend to radiators, A/C condensers, windshields, and routine maintenance parts, such as batteries, spark plugs and oil filters. SmartParts and SmartServices are service marks of GMAC. GMAC Insurance is a registered service mark. First Call Analyst:
FCMN Contact:
Source: GMAC Insurance
CONTACT: Katie Stiffler for GMAC Insurance, +1-617-248-0680 ext. 19,
kstiffler@cerconebrown.com Web site: www.gmacinsurance.com -------
Profile: automotive-news
posted by automotive-news # 8:09 AM
Detroit Electric Appoints Former CEO of Lotus Engineering to Top Job for 100-Year-Old Electric Car Brand
Detroit Electric Appoints Former CEO of Lotus Engineering to Top Job for 100-Year-Old Electric Car Brand SAN FRANCISCO, Feb. 19 /PRNewswire/ -- Detroit Electric today announces the appointment of Mr. Albert Lam, former CEO of Lotus Engineering, as the Chief Executive Officer of the company. Mr. Lam recently accepted the job as the Chairman of the company, but this latest appointment will enable him to focus full time on managing and growing the company. (Photo: http://www.newscom.com/cgi-bin/prnh/20080219/AQTU114)
(Logo: http://www.newscom.com/cgi-bin/prnh/20070130/SFTU060LOGO)
"I'm excited to be given this opportunity to devote all my time, experience and energy to fulfill the great promise of Detroit Electric," said Mr. Lam. "I was instrumental during the planning and formulation stage of the company and now we have a solid 5-year business plan and 10-year vehicle product plan. Detroit Electric is well positioned to move to the implementation phase. With my extensive connections in the industry, I will be able to assemble the best team to execute our plans."
A British National, Albert Lam is a veteran automotive and technology executive who moved from his position as CEO of Lotus Engineering to pursue new business opportunities with Detroit Electric. Mr. Lam served as the CEO of Lotus Engineering, from 2003 to late 2007, as well as Executive Director for Lotus Group International between 2003 and 2006. He managed close to a thousand automotive engineers and technologists from countries around the world. Mr. Lam has 20 years of relevant industrial experience served with companies like Jaguar, Land Rover, Ford and others in Europe. His worldwide experience spans across Automotive, Consultancy, and Information Technology, with more than 13 years at senior management and leadership positions, including Managing Director for Apple Computer Asia, where he oversaw all marketing, distribution, sales and services operations within the Asian region. Mr. Lam has experience with start-up companies and a track record in growing and expanding businesses. He served four years as the Regional Director for Sun Professional Services, a division within Sun Microsystems, growing the business from the start to a multi-million dollar, multi-national business, employing over 200 people. Mr. Lam attended Coventry University in the UK where he earned a Masters of Science degree in robotics and manufacturing, and registered for a PhD program in Complex Knowledge Systems. "We are proud to have secured Mr. Lam to head up the company, with his extensive worldwide experience, I'm confident he will provide the right leadership and management team to grow our business," said Mr. Pang Qingnian, Director of Detroit Electric. About Detroit Electric Detroit Electric is a joint venture company formed between a 13-year-old US electric car company ZAP (BULLETIN BOARD: ZAAP) and one of China's leading vehicle manufacturers China Youngman Automotive Group. The Company has revived the vintage electric car brand Detroit Electric and its business scope covers manufacturing, marketing, distribution and sales of pure electric vehicles including buses, coaches and passenger cars. Detroit Electric was an American icon in the early part of the 1900s. The brand represented the most popular electric car in history and the longest running electric car company, which operated between 1907 and 1939 by the Anderson Electric Car Company in Detroit Michigan. At the time, the car was very popular, with customers like Thomas Edison, Charles Proteus Steinmetz, Henry Ford's Wife Clara, and John D. Rockefeller, Jr. Detroit Electric is a name that speaks to generations about the past and the future of automobiles. For more information, please visit our website http://www.detroit-electric.com/ Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. First Call Analyst:
FCMN Contact: Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080219/AQTU114
http://www.newscom.com/cgi-bin/prnh/20070130/SFTU060LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Detroit Electric
CONTACT: Detroit Electric, Corporate Inquiries,
info@detroit-electric.com Web site: http://www.detroit-electric.com/
http://www.zapworld.com/
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Profile: automotive-news
posted by automotive-news # 7:14 AM
OEConnection Announces DMS Connect - Integration To ADP'S w.e.b.Suite
OEConnection Announces DMS Connect - Integration To ADP'S w.e.b.Suite DMS Connect - Automated Data Transfer Between Internet-Based Parts Order Fulfillment and Dealer Management System (DMS) for Streamlined Dealership Processing and Improved Efficiency and Accuracy RICHFIELD, Ohio, Feb. 19 /PRNewswire/ -- OEConnection LLC, announces the completion of integrating their online automotive business products with ADP's industry-leading w.e.b.Suite Dealer Management System (DMS). The new advanced technology is OEConnection's DMS Connect, a bi-directional interface producing an unparalleled, streamlined parts fulfillment solution for their mutual auto dealership customers. This project is the latest in a long-term alliance integrating OEConnection's automotive parts ecommerce portal with ADP's DMS. (Logo: http://www.newscom.com/cgi-bin/prnh/20030515/OECONNLOGO ) Joe Miliziano, Vice President, ADP Dealer Services, commented, "We're pleased to work with OEConnection to provide high value integration for our clients and to further ADP's commitment to provide data access solutions to the companies our clients want to do business with. OEConnection's DMS Connect is one example of the unique solutions ADP enables to ensure that our clients receive the benefits of a certified interface with increased security of their data." OEConnection is the latest organization to receive ADP's Third Party Access Program Certification for DMS Connect. Using an industry standard interface application framework, DMS Connect software quickly and seamlessly interfaces with ADP w.e.b.Suite providing ADP clients with the confidence that this interface has passed a rigorous certification process. President and CEO of OEConnection, Chuck Rotuno, said, "Our introduction of DMS Connect is the second joint integration project between our two companies, providing dealerships with even greater improved efficiency than ever before, which can result in financial cost savings. With NADA's May 2007 report that service and parts department profits now account for 77 percent of total dealership operating profits, DMS Connect is right in line with dealership strategies of investing in fixed operations to help streamline processes and increase profits. This integration emphasizes the value and significance of integrating two separate technologies into one single workflow for end users." OEConnection's product usage results show online transactions during December 2007 increased 227% from 12 months prior. With more and more online transactions, DMS Connect helps streamline workflow by automatically passing customer and part details on the order directly to the ADP w.e.b.Suite for quote creation, which reduces - and most frequently eliminates - associated data entry tasks, which also improves accuracy. OEConnection's daily updated Internet-based parts inventory programs are now even stronger, with DMS Connect providing ADP DMS real-time part status in OEConnection's order fulfillment program, making it easier and faster for counter staff to make optimal parts selling decisions. OEConnection and ADP began their strategic alliance in October 2006, having created the gateway between ADP's DMS products and OEConnection's D2DLink(R) parts sourcing system, saving dealerships time when sourcing needed parts. Phase Two integrates three OEConnection online transaction types: -- D2DLink, a parts order between dealerships
-- D2D Express(R), a dealership parts order filled on behalf of the
automaker
-- CollisionLink(R), a dealership parts order selling parts to collision
shops.
About OEConnection LLC: OEConnection is a provider of web-based technology solutions for automakers, their affiliated dealers, and others in the automotive parts business. Serving over 15,000 dealerships and collision repairers, OEConnection provides the industry's largest ecommerce parts exchange and analysis tools enabling users to better market, manage and move their original equipment parts inventory. Depended on for over 4.5 million parts decisions monthly, OEConnection solutions facilitate an estimated $8 billion in annual parts trade. OEConnection is a joint venture created by Chrysler, Ford Motor Company, General Motors, and Snap-On Business Solutions. The company is headquartered in the greater Cleveland area. For more information, visit www.OEConnection.com .
About ADP Dealer Services: Automatic Data Processing, Inc. (NYSE:ADP), with nearly $8.0 billion in revenues and approximately 585,000 clients, is one of the world's largest providers of business outsourcing solutions. ADP Dealer Services is a leading provider of integrated computing solutions to auto, truck, motorcycle, marine and recreational vehicle dealers throughout the world. Additionally, leveraging more than 55 years of experience, ADP offers the widest range of HR, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. First Call Analyst:
FCMN Contact: Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030515/OECONNLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: OEConnection LLC
CONTACT: Janice Schenk of OEConnection LLC, 1-888-776-5792 x1891 Web site: http://www.oeconnection.com/
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Profile: automotive-news
posted by automotive-news # 7:05 AM
Kelley Blue Book's 2008 Brand Image Awards Dinner to Honor Top New Auto Brands
Kelley Blue Book's 2008 Brand Image Awards Dinner to Honor Top New Auto Brands Gala Dinner to be Held March 19, 2008, during New York International Auto Show Media Preview Days IRVINE, Calif., Feb. 19 /PRNewswire/ -- Kelley Blue Book (http://www.kbb.com/), the leading provider of new- and used-vehicle information, today announces the 2008 Kelley Blue Book Brand Image Awards will be held in New York City, March 19, during the New York International Auto Show Media Preview Days. This gala awards dinner for automotive manufacturer executives and top journalists will take place at Providence Restaurant (http://www.providencenyc.com/) in Manhattan. Kelley Blue Book's 2008 Brand Image Awards Event Details: Who: Presidents and CEOs of auto manufacturers will accept awards on
behalf of their brands What: Kelley Blue Book's 2008 Brand Image Awards When: Wednesday, March 19, 2008 at 6 p.m. Where: Providence Restaurant, 311 West 57th Street, New York City Contact: Media interested in attending Kelley Blue Book's 2008 Brand
Image Awards event should contact Kelley Blue Book Public
Relations' Robyn Eckard (949-268-3049 or reckard@kbb.com) or
Joanna McNally (949-268-3079 or jmcnally@kbb.com). About Kelley Blue Book's 2008 Brand Image Awards:
Kelley Blue Book's 2008 Brand Image Awards are based on consumer automotive perception data from Kelley Blue Book Marketing Research's Brand Watch study. Brand Watch is an online brand perception tracking study tapping into 3,000+ in-market new-vehicle shoppers per quarter on kbb.com. The highly comprehensive Brand Watch report provides a detailed look at in-market new-vehicle shoppers' perceptions of brands, and important factors driving their purchase decisions while they are in the midst of the shopping process. The results of an entire year of Brand Watch research, including the opinions of more than 12,000 in-market new-vehicle shoppers, are what determine the 2008 Kelley Blue Book Brand Image Awards winners.
Seventeen awards will be handed out to automotive brands in the following
categories: Kelley Blue Book's 2008 Brand Image Awards Categories
Best Interior Design - Non-Luxury Best Exterior Design - Non-Luxury
Sedan/Coupe/Hatchback Sedan/Coupe/Hatchback
Best Interior Design - Luxury Best Exterior Design - Luxury
Sedan/Coupe/Hatchback Sedan/Coupe/Hatchback
Best Interior Design - Sports Best Exterior Design - Sports
Car/Convertible Car/Convertible
Best Interior Design - Trucks Best Exterior Design - Trucks
Best Interior Design - Non-Luxury Best Exterior Design - Non-Luxury
SUV SUV
Best Interior Design - Luxury SUV Best Exterior Design - Luxury SUV
Best Interior Design - Minivan Best Exterior Design - Minivan
Best Overall Interior Design
Best Overall Exterior Design
Best Overall Prestige Brand
About Providence Restaurant, Location of Kelley Blue Book's 2008 Brand Image Awards Event:
Kelley Blue Book's 2008 Brand Image Awards event will be held at Providence Restaurant located in the heart of Manhattan, a "landmark space with a rock star past." Formerly the Manhattan Baptist Church in the 1920s-60s, the space later became the world-famous Media Sound Studios, where influential albums from the likes of The Rolling Stones, Jimi Hendrix, Billy Joel, Stevie Wonder, John Lennon, Aerosmith, and more were recorded throughout the 1970s-80s. In the 1990s, the space transformed again into Le Bar Bat, a staple on the Manhattan nightlife scene. Today, Providence Restaurant tastefully bridges old and new, with its cathedral ceiling still in-tact, interpretations of classic album covers from the music recorded there adorning the walls, and serving Coastal European fare with an American twist. Visit http://www.providencenyc.com/history.html to learn more about the rich history of Providence, including a selection of landmark albums produced there. About Kelley Blue Book (http://www.kbb.com/sitemap) Since 1926, Kelley Blue Book, The Trusted Resource(R), has provided vehicle buyers and sellers with the new and used vehicle information they need to accomplish their goals with confidence. The company's top-rated Web site, kbb.com, provides the most up-to-date pricing and values, including the New Car Blue Book(R) Value, which reveals what people actually are paying for new cars. The company also reports vehicle pricing and values via products and services, including software products and the famous Blue Book(R) Official Guide. Kbb.com is rated the No. 1 automotive information site by Nielsen//NetRatings and the most visited auto site by J.D. Power and Associates eight years in a row. No other medium reaches more in-market vehicle shoppers than kbb.com; nearly one in every three American car buyers performs their research on kbb.com. First Call Analyst:
FCMN Contact:
Source: Kelley Blue Book
CONTACT: Robyn Eckard, +1-949-268-3049, reckard@kbb.com, or Joanna
McNally, +1-949-268-3079, jmcnally@kbb.com, both of Kelley Blue Book Web site: http://www.kbb.com/
-------
Profile: automotive-news
posted by automotive-news # 5:04 AM
TEAM REPORTS (INDIANAPOLIS) - AGR ADDS MEIRA FOR PETIT LEMANS AT ROAD
The Auto Chanel - Andretti Green Racing announced today that Brazilian Vitor Meira will join drivers Bryan Herta and Tony Kanaan behind the wheel of the #26 XM Satellite Radio Acura ARX-01a in this weekend's Petit Le Mans at Road Atlanta. Meira is replacing Dario [full story]PaddockTalk - Despite the fact that Briscoe spent all of 2007 sharing the driving responsibilities of the Penske Racing #6 DHL Porsche RS Spyder with a teammate in the American LeMans Series, Briscoe feels much more at home in the cockpit of an openwheel car. "I [full story]Cycle News - Richie Ginther started his driving career in 1951 and competed in Mexican Road Races, LeMans and in Formula 1. He was a factory driver for Ferrari and BRM. In 1965, he took Honda to the winner’s circle for the first time in F1 at the Mexican Grand [full story]Motorsport.com - The coveted LM GT2 team and driver championship has been dominated by Porsche teams with five championships in the American Le Mans Series and then came Ferrari with Risi Competizione and suddenly the fight became a real on-track battle with Risi [full story]
posted by automotive-news # 1:15 AM
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