Insurance Auto Auctions (NASDAQ:IAAI)
Historical Stock Chart
From Jun 2019 to Jun 2024
Award Honorees to be Announced at Washington, D.C. Gala on June 6,
2005
Insurance Auto Auctions, Inc. (Nasdaq:IAAI) has been named as a
finalist for the coveted 21st Century Achievement Award from the
Computerworld Honors Program for its visionary use of information
technology in the Finance, Insurance and Real Estate category. Michael
D. Capellas, Chief Executive Officer at MCI and member of the
Chairmen's Committee, nominated IAA in recognition of its
contributions to the global information technology revolution and its
positive impact on society. The award honorees will be announced at a
gala at the National Building Museum in Washington, D.C. on June 6,
2005.
Insurance Auto Auctions was one of 162 laureates selected by the
program's Chairmen's Committee study from over 250 nominations to
submit a case study that officially became part of the prestigious
Computerworld Honors Collection this past April when the 2005
Collection was formally presented to the Global Archives. Of these 162
laureates, IAA is one of 48 finalists, in 10 categories, chosen by an
academy of 30 distinguished judges to attend the June 6 event.
The award recognizes IAA's ingenuity in deploying an integrated
wireless data and audio network throughout the Company's salvage
centers. That same network made it possible for IAA to introduce I-bid
LIVE(sm), the Company's live auction Internet bidding platform.
"The Computerworld Honors 21st Century Achievement Awards are
presented to organizations around the world who have made outstanding
progress and whose visionary use of information technology produces
and promotes positive social, economic and educational change," said
Bob Carrigan, president and CEO of IDG's Computerworld, the Voice of
IT Management, and chairman of the Chairmen's Committee of the
Computerworld Honors Program. "The finalists for these awards along
with the laureate innovators represented in the Honors Collection have
been recognized by the leading IT industry chairmen as true
revolutionaries in their fields."
Tom O'Brien, President and CEO of IAA commented, "IAA has made
consistent, measurable progress in recent years in the development and
application of new technology to benefit our clients. Our hybrid model
of combining live auction Internet bidding with the live physical
auction has proven to be extremely successful. It is truly an honor
for us to now be recognized by industry experts as an innovative
technological leader. Going forward, IAA will continue to leverage
both existing and developing technologies to further enhance the
overall value that makes IAA the preferred vendor for so many
insurance companies and salvage buyers today."
The 2005 Collection, which will be archived in libraries, museums
and academic and research institutions around the world, will serve as
primary source material for scholars and as a resource for individuals
who hope to use information technology to create solutions to address
their own challenges. The collection is comprised of case studies from
54 countries.
Case studies from the 2005 Computerworld Honors Collection will be
available at http://www.cwheroes.org, the official site of the
Computerworld Honors Program, where the entire Collection is available
to scholars, researchers and the general public worldwide. In
addition, the Collection is distributed annually to the Honors
Program's Archival Partners around the world. These partners include
some of the world's finest research and scholarly institutions, each
of which has generously agreed to include the Collection in its
archives.
According to Dan Morrow, a founding director and chief historian
for the Honors Program, "This year's finalists truly demonstrate how
technology can significantly impact industries throughout the country.
The accomplishments they have achieved through the use of technology
are outstanding historical contributions to the information technology
revolution in every sense of the word."
About Insurance Auto Auctions
Insurance Auto Auctions, Inc., founded in 1982, a leader in
automotive total loss and specialty salvage services in the United
States, provides insurance companies with cost-effective, turnkey
solutions to process and sell total-loss and recovered-theft vehicles.
The Company currently has 79 sites across the United States.
About the Computerworld Honors Program
Governed by the Computerworld Information Technology Awards
Foundation, a Massachusetts not-for-profit corporation founded by
International Data Group (IDG) in 1988, the Computerworld Honors
Program searches for and recognizes individuals and organizations who
have demonstrated vision and leadership as they strive to use
information technology in innovative ways across 10 categories:
Business and Related Services; Education and Academia; Environment,
Energy and Agriculture; Finance, Insurance and Real Estate; Government
and Non-Profit Organizations; Manufacturing; Media, Arts and
Entertainment; Medicine; Science; and Transportation. Each year, the
Computerworld Honors Chairmen's Committee nominates organizations that
are using information technology to improve society for inclusion in
the Computerworld Honors Online Archive and the Collections of the
Global Archives. The Global Archives represents the 100-plus
institutions from more than 30 countries that include the
Computerworld Honors Collection in their archives and libraries.
Safe Harbor Statement
This Report contains forward-looking statements that are subject
to certain risks, trends and uncertainties that could cause actual
results to differ materially from those projected, expressed, or
implied by such forward-looking statements. In some cases, you can
identify forward looking statements by use of words such as "may,
will, should, anticipates, believes, expects, plans, future, intends,
could, estimate, predict, projects, targeting, potential or
contingent," the negative of these terms or other similar expressions.
The Company's actual results could differ materially from those
discussed or implied herein. Factors that could cause or contribute to
such differences include, but are not limited to, those discussed in
the Company's annual report on Form 10-K for the fiscal year ended
December 26, 2004 and subsequent quarterly reports. You should not
place undue reliance on any forward-looking statements. Except as
expressly required by the federal securities laws, the Company
undertakes no obligation to publish, update or revise any
forward-looking statements, whether as a result of new information,
future events, changed circumstances or any other reason.
Additional information about Insurance Auto Auctions, Inc. is
available on the World Wide Web at www.iaai.com