Warranty Direct Announces Partnership With Carfax, Inc. to Offer Extended Warranty Programs Online
Business & Automotive Editors
MITCHEL FIELD, N.Y.–(BUSINESS WIRE)–Jan. 19, 2001
Interstate National Dealer Services, Inc. (NASDAQ:ISTN) today announced that its direct marketing arm, Warranty Direct, has established a partnership with Carfax, Inc., a wholly owned subsidiary of the R.L. Polk Company.
Carfax.com visitors can obtain a free price quote for an extended warranty by clicking on the various WarrantyDirect.com links, featured prominently throughout the Carfax web site.
Mr. Chester J. Luby, Chairman and CEO, stated, “Interstate is pleased to be associated Carfax, a distinguished organization with a vast historical library of vital automotive information, and anticipates that this partnership will enhance the growth opportunities of both parties. Warranty Direct’s agreement with Carfax validates the high regard that the industry has for Interstate and Warranty Direct and the relationship could expand Warranty Direct’s marketing reach substantially. Carfax allows the consumer the ability to check the prior history of used vehicles before purchase potentially saving the customer from acquiring a defective or damaged vehicle. Many prospective used car buyers have learned of Carfax’s service and utilize it before buying a vehicle for the peace of mind it offers. The ability to reach this receptive group of potential car buyers could increase the number of Warranty Direct service contracts and extended warranties sold.”
For the past 20 years, Interstate National Dealer Services, Inc. has been a leading nationwide provider of service contracts and extended warranties primarily for new and used autos, recreational vehicles, as well as watercraft, motorcycles and other power sport vehicles. Warranty Direct offers several different levels of comprehensive coverage, with a variety of terms, and a world-class benefits package for the full term of the contract.
About Warranty Direct:
Warranty Direct offers extended warranties directly to consumers through telemarketing and its Web site warrantydirect.com. Warranty Direct is the leading online seller of extended warranties covering autos, light trucks, RVs, motorcycles, boats, snowmobiles, all-terrain vehicles and jet skis.
Interstate is a leading nationwide provider of service contracts and extended warranties, primarily for new and used cars and recreational vehicles, as well as watercraft, manufactured housing, motorcycles and other powersport vehicles. For additional information please visit our websites: http://www.inds.com and http://www.warrantydirect.com.
About Carfax, Inc.
Carfax offered the first Carfax Vehicle History Report to the dealer market in 1986. Today, the Carfax database contains over one billion records compiled from over 100 separate sources including motor vehicle departments in the US and Canada, inspection stations, auto auctions, fire and police departments and insurance companies. In the fall of 1999, Carfax, Inc. became a wholly owned subsidiary of the R.L. Polk Company Headquartered in Southfield, Michigan, Polk is a global leader in information services with operations on every major continent. It is the oldest consumer information company in America and currently employs approximately 5,000 people.
This press release contains forward-looking statements, which are subject to risks and uncertainties. Such statements are based on assumptions and expectations which may not be realized and are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, financial and otherwise, may differ from the results discussed in the forward-looking statements. A number of these risks and other factors that might cause differences, some of which could be material, along with additional discussion of forward-looking statements, are set forth in the Company’s Report on Form 8-K filed with the Securities and Exchange Commission on December 23, 1996.
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