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Date Published	Article
09/09/2008	KAR Holdings, Inc. Announces Sale and Leaseback Transaction
	Carmel, IN, September 9, 2008 - KAR Holdings, Inc. announced today the completion of the sale and leaseback of land at seven used vehicle auctions located in the states of California, Florida, Texas and Washington. The company received net cash proceeds of approximately $73.1 million from the sale of the land. The transaction includes lease agreements with initial terms of 20 years each, plus multiple renewal options. The properties will continue to house ADESA's used vehicle auctions. KAR Holdings, Inc. will utilize 50% of the net proceeds to repay debt in accordance with terms of its Senior Credit Agreement.
08/18/2008	ADESA Acquires Two Used Vehicle Auctions From ABC Auctions
	Carmel, IN - ADESA announced today that it has acquired ABC Minneapolis in Dayton, Minnesota, and ABC Nashville in Old Hickory, Tennessee.
08/18/2008	AMS, ADESA and Live Global Bid Settle the Patent Infringement Case Relating to the AMS Patent
	Auction Management Solutions, Inc. ("AMS"), ADESA and Live Global Bid, Inc. jointly announce that they have settled the patent infringement case relating to AMS' U.S. Patent No. 6,813,612 ("the '612 patent"). Live Global Bid recently was acquired by ADESA and is now named "LiveBlock Auctions International" or "LAI".
08/12/2008	KAR Holdings, Inc. today reported its second quarter financial results for the three months ended June 30, 2008
	KAR Holdings, Inc. today reported its second quarter financial results for the three months ended June 30, 2008. For the second quarter of 2008, the company reported revenue of $468.5 million as compared with second quarter 2007 revenue of $399.7 million for the combined companies of ADESA, Inc. (ADESA) and Insurance Auto Auctions, Inc. (IAAI), an increase of 17.2%. Adjusted EBITDA, excluding pro forma adjustments for recent acquisitions and cost savings, as defined in the company's senior credit facility dated April 20, 2007, increased 15.7% to $122.6 million in the second quarter of 2008, as compared with second quarter 2007 adjusted EBITDA of $106.0 million for the combined companies of ADESA and IAAI.
06/06/2008	ADESA Names David Vignes as Executive Vice President of Strategic Improvement and Logistics
	ADESA announced today that David Vignes has been promoted to executive vice president of strategic improvement and logistics, effective immediately. Vignes, who joined the company in June 2007, most recently served as ADESA's senior vice president of operations and strategic improvements. In his new role, he will report directly to ADESA President and CEO Jim Hallett.