CCC Information Services Group Named Finalist for 'Best Business Turnaround' by American Business Awards; 'Stevies' Set for April 30 in New York City.Business Editors CHICAGO--(BUSINESS WIRE)--April 21, 2003 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. (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 ), a leading provider of information and technology solutions to the auto-claims and collision-repair industries, has been named a finalist in the "Best Business Turnaround" category of the first annual American Business Awards(sm). The American Business Awards program represents the first national all-encompassing business competition honoring exemplary performances in the workplace. CCC successfully reversed what had been an unprofitable business in 2001 to achieve a record financial performance in 2002. The company's earnings increased to $0.84 per share in 2002 from a loss of $1.39 per share in 2001. At the same time, CCC's stock price increased 187 percent from the close of 2001. The company's successful turnaround also is apparent by looking at operating margins, which rose to 19.4 percent in 2002 from a negative 2.6 percent in 2000. "This nomination belongs to all of CCC's hard-working employees and to our loyal customers," explained Githesh Ramamurthy, CCC's chairman and chief executive officer. "The company's turnaround and continued growth would not have been possible without the drive and industry knowledge of CCC's dedicated employees. And our customers continue to show their faith in CCC by making our products an important part of their business." Nicknamed the Stevies(TM) for the Greek word "crowned," the awards will be presented at a nationally broadcast show on Wednesday, April 30, at the Sheraton New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Hotel & Towers in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The ceremony will be hosted by Charles Osgood For the psychologist see, see . Charles Osgood (born Charles Osgood Wood, III on January 8, 1933) is a radio and television commentator in the United States. His daily program, The Osgood File, has been broadcast on the CBS Radio Network since 1971. , host of CBS News Sunday Morning CBS News Sunday Morning is an early morning news program CBS airs on Sunday mornings. The typical time is from 9:00 to 10:30 a.m. ET, though west coast stations often air it earlier due to conflicts with sports programming later in the day. and commentator for the CBS Radio Network The CBS Radio Network provides news, sports and other programming to more than 1,000 radio stations throughout the United States. The network is owned by the CBS Corporation, and operated by CBS Corporation's CBS Radio Inc. unit (formerly the Infinity Broadcasting Corporation). , and will be broadcast nationwide on radio, and worldwide via the Internet, by Business TalkRadio. "We began The American Business Awards last year when the public perception of companies and business people was at a low point," said Stevie Awards president and founder Michael Gallagher. "Our goal was to create a showcase for the best of American business, where the people and companies who don't get enough recognition for their good work can be singled out and celebrated." Members of the Awards' Board of Distinguished Judges & Advisors and their staffs will select Stevie award winners. The Board includes business luminaries such as Rich Karlgaard, publisher of Forbes; Bruce Nelson, 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 Office Depot; marketing gurus Don Peppers and Martha Rogers; Anthony Robbins, chairman and CEO of The Anthony Robbins Companies; Drew Schutte, publisher of Wired Magazine; Jeffrey Tarr, chairman and CEO of Hoover's Inc., and Donald Trump, chairman, president and CEO of The Trump Organization. About The American Business Awards(SM) A celebration of great performances in the workplace, The American Business Awards are the first national, all-encompassing business awards program. Honoring companies of all types and sizes and the people behind them, the Awards recognize outstanding leadership, innovation, perseverance, creativity, teamwork, and integrity through more than 40 categories. The first American Business Awards - nicknamed The Stevies(TM) from the Greek word for "crowned" - will be presented at an awards show in New York City on April 30. The program is overseen by a Board of Distinguished Judges & Advisors, which includes leading business executives, authors, and academics. Sponsors of the 2003 American Business Awards include Business TalkRadio, DHR DHR De Heer (Dutch: Mister) DHR Department of Human Resources DHR Department of Historic Resources (Virginia) DHR Dihydrorhodamine DHR Device History Record DHR Director of Human Resources International, Empire Media, Forbes, Hoover's Online, Inc. Magazine, Miller Heiman, Selling Power Magazine, and Wired Magazine. About CCC CCC Information Services 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 (NASDAQ: CCCG), headquartered in Chicago, is a leading supplier of advanced software, communications systems, Internet and wireless-enabled technology solutions to the automotive claims and collision-repair industries. Its technology-based products and services optimize efficiency throughout the entire claims management supply chain and facilitate communication amongst over 15,000 collision-repair facilities, 350 insurance companies, and a range of industry participants. For more information about CCC Information Services Inc., visit its Web site at www.cccis.com; or contact Michelle Hellyar of Ketchum at 312-228-6861, or Thaddeus Woosley of Ketchum at 312-228-6829. |
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