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Planet Salvage Introduces 'Planet Auctions,' Internet Based Auto Auctions

LENEXA, Kansas -- Planet Salvage, Inc. an Internet salvage trading exchange, launched "Planet Auction." Planet Salvage hopes to capture the entire supply chain in the auto salvage industry and to provide a total solution that serves the salvage, insurance and collision repair industries as well as auto enthusiasts.

"We have seen other attempts to bring online auctions to the salvage industry, but we have separated ourselves from the competition because we also offer an integrated parts exchange system," said Scott Petersen, president and CEO of Planet Salvage, Inc. "The auction system our team developed can also be customized to serve our members who have previously owned cars to sell, whether they are salvage dealers, fleet companies, financial institutions, insurance companies, impound lots or general consumers. No matter a vehicle's condition, all cars will be targeted to a specific buyer base assuring active and robust bidding."

Planet Auction uses auction features tailored for the auto salvage industry, hoping to negate the need for insurance carriers and salvage pools to develop and maintain their own expensive Internet solutions.

"Our market research indicated that our member recyclers, over 1000 and growing, want and need the option to purchase salvage vehicles online and expand their reach for salvage supply," said Brian Randall, Planet Salvage Chief Operating Officer. "The auction functionality also directly integrates with and compliments our already established recycled parts procurement system."

Planet Salvage (http://www.planetsalvage.com/) was formed in 1999 and is based in Lenexa, Kansas.

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