KAR Holdings, Inc. to Announce Second Quarter 2007 Results

    CARMEL, IND., August 23 /CNW/ - KAR Holdings, Inc. announced today that
it will be releasing its second quarter 2007 financial results on Wednesday,
August 29, 2007. KAR Holdings, Inc. is the holding company for ADESA Inc.,
Insurance Auto Auctions, Inc and Automotive Finance Corporation.

    KAR Holdings, Inc. will also be hosting an earnings conference call
Thursday, August 30, 2007 at 11:00 a.m. EDT (10:00 a.m. CDT). The call will be
hosted by KAR Holdings, Inc.'s Chairman and Chief Executive Officer Brian
Clingen and Executive Vice President and Chief Financial Officer Eric
Loughmiller. The conference call may be accessed by calling 800-289-0572 and
entering participant passcode 4234815.

    A replay of the call will also be available for two weeks via telephone
starting approximately 30 minutes after the completion of the call on August
30. The replay may be accessed by calling 888-203-1112 in the U.S., or
719-457-0820 for international callers, and entering conference code 4234815.

    Kar Holdings, Inc. is the holding company for ADESA, a leading provider
of wholesale used vehicle auctions whose operations span North America with 54
used vehicle sites, Insurance Auto Auctions, Inc., a leader in total
automotive loss control and specialty salvage services in the United States
whose operations span North America with 137 sites and Automotive Finance
Corporation, the premier capital funding source for the used vehicle industry
with 89 sites across North America. For further information on ADESA,
Insurance Auto Auctions, Inc. or Automotive Finance Corporation, visit the
company's web sites at http://www.adesainc.com and http://www.iaai.com.

For further information:

For further information: For KAR Holdings, Inc. Eric Loughmiller,
317-249-4254 Executive Vice President & Chief Financial Officer

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