CARTEL, TURBOCOVERAGE TO JOIN MERGER LIFTS 'POINT-OF-SALE' CAR INSURANCE.Byline: Evan Pondel Staff Writer ENCINO - Auto insurers Cartel Marketing and TurboCoverage announced Thursday their merger to form ExpressLink in an effort to accelerate policy sales in California, Arizona and Nevada. ``They (Cartel) are the 800-pound gorilla gorilla, an ape, Gorilla gorilla, native to the lowland and mountain forests of western and central equatorial Africa. It is the largest of the apes, the males reaching a height of 5 to 6 ft (150–190 cm) with a 9-ft (144–cm) arm spread. in the space and we were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a way to scale that nationally,'' said Phil Barry, chief executive officer of newly formed ExpressLink. Barry, 61, former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of San Jose-based TurboCoverage, led a company involved in selling auto insurance at car dealership This article is about car dealerships. For the indie pop band, see Dealership (band). A car dealership or vehicle local distribution is a business that sells new cars and/or used cars at the retail level, based on a dealership contract with an automaker or via the Internet prior to taking the helm of ExpressLink. Known as ``point-of-sale'' insurance, TurboCoverage provided coverage for consumers who wanted to purchase a car from a dealer, but lacked insurance. Now that TurboCoverage has teamed up with Cartel, Barry said the companies will be able to dominate the point-of-sale insurance arena - about 70,000 policies annually - without competing against each other. Encino-based Cartel also sold point-of-sale insurance before partnering with TurboCoverage. Dale Penn, former vice president of marketing for Cartel, said TurboCoverage was an attractive suitor SUITOR. One who is a party to a suit or action in court. One who is a party to an action. In its ancient sense, suitor meant one Who was bound to attend the county court, also, one who formed part of the secta. (q.v.) because of the relationships the company had previously formed in the industry. ``It's a match made in heaven,'' said Penn, who is now vice president of marketing for ExpressLink. TurboCoverage had already established a relationship with Computerized Vehicle Registration, a partnership between ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. and Reynolds and Reynolds. Barry said this alliance will significantly bolster the outreach of ExpressLink's products, with plans to offer insurance in 40 states by the end of 2002. Ideally, Penn said, a car buyer who does not have insurance will be able to have instant coverage provided the dealer's computer is equipped with an ExpressLink icon. |
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