SalvageSale.com, Crawford & Company Form Strategic Alliance for Claims Recovery

June 16, 2000

SalvageSale.com, an independent online marketplace for worldwide claims recovery and commercial salvage, and Crawford & Co. have formed a strategic alliance to handle claims recovery. SalvageSale.com will be Crawford & Co.’s online marketplace for the sale of salvage, including damaged, heavily discounted, distressed or sub-specification raw materials or finished goods sold in commercial quantities.

Crawford & Co. will supply independent, on-site inspection services for SalvageSale.com and its customers. This strategic alliance will allow Crawford & Company to provide more comprehensive solutions to its insurance company customers and will give SalvageSale.com’s buyers access to a greater number of salvage offerings.

“We are pleased to build on our relationship with the world’s largest independent surveying and adjustment company, ” said Charlie Wilson, founder and CEO of SalvageSale.com. “Through its global leadership in handling claims for major insurance underwriters, Crawford & Co. is a key strategic partner that brings significant liquidity to our efficient, Internet-based salvage marketplace. By working together with Crawford & Co., we provide our customers a more efficient, profitable solution for salvage.”

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