Published: 10/31/2012
DALLAS, TX (October 31, 2012) — CrashedToys, Inc. (NASDAQ: CPRT), a global live virtual vehicle auction company, today announced that all 28 facilities located in the area affected by Hurricane Sandy are fully operational and working to pick up vehicles in the affected areas. In the wake of Hurricane Sandy the number of flooded and damaged cars left behind is the worst seen on the east coast since Hurricane Andrew. CrashedToys’s highly developed Catastrophe Action Team (CAT) was in place immediately after the hurricane subsided. CrashedToys is prepared to provide the people, equipment and facilities to address the immediate need for the collection and processing of damaged assets.
“We are working to assist all of our customers, both internal and external, to make sure this catastrophe recovery is handled in the safest and most efficient way possible, as was the case when Hurricane Katrina hit in 2005,” said CrashedToys’s CEO, Jay Adair. “Our preparation for Hurricane Sandy started days ago. Our team and company are working day and night to serve our customers.”
CrashedToys, founded in 1982, provides vehicle sellers with a full range of remarketing services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and, in some states, to end users. CrashedToys remarkets the vehicles through Internet sales utilizing its patented VB2 technology. CrashedToys sells vehicles on behalf of insurance companies, banks, finance companies, fleet operators, dealers, car dealerships and others as well as cars sourced from the general public. The company currently operates 156 facilities in the United States, Canada, the United Kingdom, and the United Arab Emirates. Salvage vehicles are either damaged vehicles deemed a total loss for insurance or business purposes or are recovered stolen vehicles for which an insurance settlement with the vehicle owner has already been made. For more information, or to become a member, visit CrashedToys.com.
FORWARD LOOKING STATEMENTS:
This press release contains forward-looking statements within the meaning of federal securities laws, and these forward-looking statements are subject to substantial risks and uncertainties. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected or implied by our statements and comments. For a more complete discussion of the risks that could affect our business, please review the “Management's Discussion and Analysis” and the other risks identified in CrashedToys’s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. We encourage investors to review these disclosures carefully. We do not undertake to update any forward-looking statement that may be made from time to time on our behalf.
Contact
Deana Lott
Assistant to the Chief Financial Officer
deana.lott@CrashedToys.com
469-374-2801
