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Announcements
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KAR HOLDINGS, INC.
FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING
Carmel, Indiana, September 14, 2009 -- KAR Holdings, Inc., a leading provider of wholesale used vehicle and salvage auction services in North America, announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The Company intends to apply to list its common stock on the New York Stock Exchange. The timing of the initial public offering depends upon several factors, including market conditions.
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 KAR Auction Services, Inc. Reports Third Quarter 2009 Results
Carmel, IN, November 9, 2009 KAR Auction Services, Inc. today reported its third quarter financial results for the three months ended September 30, 2009. For the third quarter of 2009, the company reported revenue of $430.1 million as compared with third quarter 2008 revenue of $444.6 million, a decrease of 3%. Adjusted EBITDA increased 12% to $114.0 million in the third quarter of 2009, as compared with third quarter 2008 adjusted EBITDA of $101.8 million.
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KAR Holdings Announces Changes in Management Team
Carmel, Indiana, September 8, 2009 -- KAR Holdings, Inc., a leading provider of vehicle and salvage auction services in North America, today announced the appointment of Jim Hallett as its Chief Executive Officer, replacing Brian Clingen who will remain as Chairman of the Board of KAR Holdings. Tom Caruso, ADESA, Inc.'s current Chief Operating Officer, will assume Mr. Hallett's previous role as Chief Ex
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