ADESA Charlotte Receives Top Auction Award.Business Editors/Automotive Writers INDIANAPOLIS--(BUSINESS WIRE)--Aug. 14, 2003 ADESA Charlotte won the 2002 "World Class Auction of the Year" award, presented by World Omni Financial Corp./CenterOne Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . The award is based on several factors including volume sold, guide book performance, volume of certified cars per sale, volume of Internet cars, daily operational success, and the efficiency and accuracy of transportation and condition reports. "Receiving this award truly shows that ADESA Charlotte continues to provide outstanding customer service to World Omni," said Don Harris, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for ADESA Corp. "I am extremely proud of the staff of ADESA Charlotte and I applaud their customer service efforts." The award was presented to ADESA Charlotte General Manager Jane Morgan Jane Morgan (born December 25, 1920, Newton, Massachusetts) is an American popular singer, specializing in traditional pop music. She was born Florence Catherine Currier, by Jay Hinchman, Director of Remarketing for World Omni/CenterOne on August 14. ADESA Charlotte is one of 54 wholesale vehicle auctions owned by Indianapolis, Indiana-based ADESA Corp., an ALLETE company (NYSE NYSE See: New York Stock Exchange :ALE). In 2002, ADESA Charlotte was one of the top-three volume sellers for World Omni/CenterOne, using Internet-based technology Refers to the communications infrastructure of the Internet, which is based on the IP protocol. IP is part of the TCP/IP protocol suite. It may also refer to voice over IP (VoIP), which uses the Internet to make telephone calls. See VoIP, IP and TCP/IP. and live physical sales. "The awards ADESA has received from World Omni/CenterOne strongly reflect the highest quality of detail and attention given to our account and the work ethic work ethic n. A set of values based on the moral virtues of hard work and diligence. work ethic Noun a belief in the moral value of work behind it," said Hinchman, noting that ADESA Charlotte has also received World Omni's 2000 and 2001 "World Class Cyberlot Auction of the Year" award. World Omni Financial Corp. (www.worldomni.com), serving automotive retail outlets and financial services providers throughout the U.S., offers a complete range of automotive products and services designed to increase dealer sales and profits. It manages receivables including automotive lease and retail contracts and commercial loans. With roots grounded in the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. , CenterOne Financial Services (www.centeronefinancial.com), a division of World Omni, brings a wealth of knowledge and expertise in third-party servicing to its clients. Its servicing solutions include originations, retail sales finance and lease servicing, collections, pro-active remarketing, vehicle remarketing, and customer relationship management. From start to finish, its services are designed to provide value-added solutions. World Omni is a subsidiary of JM Family Enterprises, Inc., a $7.6 billion diversified automotive company with headquarters in Deerfield Beach, Fla. JMFE is ranked by Forbes as the 13th largest privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. in the United States. Headquartered in Indianapolis, Ind., ADESA Corp. is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of ALLETE, Inc. (NYSE:ALE). Through its network of subsidiaries, ADESA operates 54 wholesale vehicle auctions and six heavy-duty commercial vehicle auctions strategically located across the United States, Canada and Mexico. The ADESA network of services includes several other related businesses in the vehicle remarketing industry including ADESA Impact total loss management (with 29 auction locations), Micro 21 dealer software, AutoVIN inspection services, PAR North America remarketing services, and Automotive Finance Corp. (AFC (1) (Application Foundation Classes) A class library from Microsoft that provides an application framework and graphics, graphical user interface (GUI) and multimedia routines for Java programmers. ). For further information on ADESA Corp., call 1-800-923-3725 or go to www.adesa.com. The statements contained in this release and statements that ADESA may make orally in connection with this release that are not historical facts are forward-looking statements. Actual results may differ materially from those projected in the forward- looking statements. The forward-looking statements involve risks and uncertainties and investors are directed to the risks in documents filed by ALLETE, Inc., ADESA Corporation's parent company, with the Securities and Exchange Commission. |
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