Copart, ASI Note Software Integration

January 25, 2005

California-based Copart Inc. and ASI jointly announced the integration of Copart’s proprietary VB2 virtual auction software with ASI’s auction management software, AUCSOFT.

The integration allows users of AUCSOFT to automatically and seamlessly transfer vehicle data, history and condition reports as well as digital images of the vehicle between ASI’s AUCSOFT and Copart’s VB2.

Copart has entered into agreements with 38 wholesale vehicle auctions to provide its proprietary VB2 auction technology for use in their auction process and is currently working to implement VB2 at their sites.

“We are pleased that we have completed this integration in such a short period of time. We believe this will allow our wholesale partners to implement the VB2 model much more efficiently, with minimal impact on their current operations,” said Willis Johnson, Copart’s CEO.

“Many of the VB2 Charter Members use the ASI proprietary software package. At users’ request, we wrote an interface that automatically extracts the VB2 vehicles, populates the VB2 web site with both data and digital images then accepts post-sale results into the AUCSOFT software for processing,” added Ron Ball, ASI’s chief executive officer.

Copart, founded in 1982, provides vehicle suppliers, primarily insurance companies, with a full range of services to process and sell salvage vehicles through auctions, principally to licensed vehicle dismantlers, rebuilders, repair licensees and used vehicle dealers.

Auction Software, founded in 1994, is a provider of comprehensive software solutions to the independent auto auction industry.

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