CCC Information Services Appears on Good Morning America.Business Editors CHICAGO--(BUSINESS WIRE)--Oct. 23, 2000 CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. Information Services See Information Systems. Inc., 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 CCC Information Services Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CCCG CCCG Canadian Conference on Computational Geometry CCCG Climate Change Co-ordinating Group ), announced today that a segment appeared on Good Morning America Good Morning America is a weekday morning news show that is broadcast on the ABC television network. The show was adapted from The Morning Exchange, a morning show created by and airing on the ABC affiliate in Cleveland, Ohio, and was launched nationally as , ABC's morning television program, regarding automated total loss vehicle valuation services. CCC was one of the providers mentioned in the segment. "CCC's decision to go on camera was based on our strong belief in our company, our employees, and our products," commented Githesh Ramamurthy, Chairman and 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 CCC. "CCC firmly believes that our products provide fair, accurate, and fast local market valuations." "CCC was, however, disappointed with the segment broadcast today by Good Morning America," noted Mr. Ramamurthy. "It was unfortunate that much of the information Good Morning America presented was misleading. Beyond that, the segment did not accurately portray the significant benefits of our products, particularly the strength of our local market values." The Company's total loss valuation products lead the industry. CCC's database is the most robust in the market, containing both vehicles inspected by over 300 Field Inventory Representatives from approximately 4,700 dealers in over 250 local markets and advertised vehicles from over 1,800 publications nationwide. CCC Information Services Inc., headquartered in Chicago, IL, is the leading supplier of advanced software and communications systems to the automotive claims industry, including information and network services for a wide variety of claims management solutions. Its value-added, technology-based products and services increase efficiency and facilitate communication among more than 13,500 collision repair facilities, 350 insurance companies, and a range of business partners. For more information about CCC Information Services, visit our Web site at www.cccis.com, contact Jeanene O'Brien at CCC Information Services Inc., 312-229-3083, or contact Rich Ringer at HLB HLB Hong Leong Bank HLB Hydrophilic-Lipophilic Balance HLB Horton Lees Brogden Lighting Design (company with studios in New York, San Francisco, Los Angeles, and Boston) HLB Hotels Licensing Board (Singapore) Communications, 312-649-0371. Certain statements made herein are or may be deemed to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are subject to the safe harbor provisions of those sections and the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in the company's filings with the SEC, and that actual results or developments may differ materially from those in the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which reflect management's analysis, judgment, belief or expectation only as of the date hereof. The company has based these forward-looking statements on information currently available and disclaims any intention or obligation to update or revise any forward-looking statement. |
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