AutoMart Signs up Chinese Insurers

March 6, 2007

AutoMart-China, a 95 percent owned subsidiary of Florida-based Deep Field Technologies, has become the “largest independent auto aftermarket company in Beijing,” according to a Company bulletin.

The Company has successfully negotiated contracts with seven Chinese insurance companies to offer damage evaluation and make coverage decisions at AutoMart maintenance and repair centers.

AutoMart said its clients for the new service are: Zhong Hua United Property Insurance Company, Pacific Insurance Company, An Bang Property Insurance Company, Sunshine Property Insurance Company, China People’s Property Insurance Company, Hua An Property Insurance Company, and Tian An Property Insurance Company.

The program was launched with the establishment of facilities at four of AutoMart centers in Beijing. They will “evaluate damage and make coverage decisions on-site,” said the announcement.

AutoMart Chairman and CEO Pang Guisan called the evaluation and coverage decisions at the repair centers “the most forward-looking program of its type in China.” He said early indications showed that the co-located services have resulted in an increase in repair business for AutoMart.

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