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Audatex Selected as National Motor Vehicle Title Information System Data Consolidator

Posted on: Tuesday, 4 August 2009, 13:03 CDT

SAN DIEGO, Aug. 4 /PRNewswire/ -- Audatex North America, Inc. today announced an agreement with the American Association of Motor Vehicle Administrators (AAMVA) to become an authorized data consolidator for reporting information to the U.S. National Motor Vehicle Title Information System (NMVTIS).

The NMVTIS database, overseen by the U.S. Department of Justice, maintains accurate vehicle "salvage and title data" to protect vehicle owners against fraud. NMVTIS provides consumers valuable information about a vehicle's condition and history. Prior to buying a vehicle, consumers can use NMVTIS to research information on a vehicle's ownership, most recent odometer reading, brand history, and - in some cases - historical theft data.

Federal NMVTIS rules, which became effective in March, now require that insurers, salvage yards, salvage pools, and vehicle shredders report salvage and total loss vehicles into the national database.

"Audatex has a strong presence in all of the industries required to report to NMVTIS. They bring with them proven expertise to provide software and solutions to these industries that would enable effective and efficient reporting of data to the system," said Neil Schuster, President and Chief Executive Officer for AAMVA

"We are pleased that AAMVA has recognized our expertise and selected us as a data consolidator," said John Kotsopoulos, Managing Director for Audatex North America, Inc. "Our presence in the insurance, collision repair and salvage industries gives us the unique ability to work with AAMVA and efficiently enable our customers to meet their reporting obligations and participate in the drive to help consumers avoid fraud."

Through the Audatex NMVTIS reporting system, a reporting entity such as an insurer, salvage yard, salvage pool or shredder will provide Audatex a file containing the required vehicle data for Federal compliance. Audatex will validate the file for completeness and accuracy, and submit it to NMVTIS on their behalf. This solution will be available in September. For more information, contact the Audatex NMVTIS toll-free hotline at 1 (800) 237-3463

About Audatex North America, Inc.

Audatex is the leading global claims solutions provider serving the automotive industry. Active today across six continents, Audatex provides world-class claims solutions that help customers automate their processes; managing millions of claims each year efficiently and effectively, and resolving billions in claims settlements. Beyond a leading presence in automotive claims, our growing footprint also extends into the automotive related financial services and medical claims solutions markets. As part of the Solera group of companies, Audatex, Sidexa, Informex, ABZ, Hollander and IMS draw on unique global experience to develop and deliver the latest technologies, market intelligence and best practices on a local level. For more information, please refer to the Company's website at www.audatex.us.

SOURCE Audatex North America, Inc.

Source: PR Newswire

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