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Letter to the Editor

Mitchell International Announces Plans to Purchase Ensera

SAN DIEGO -- Mitchell International has announced that it has signed a Definitive Agreement to purchase Ensera Inc., a high technology company delivering Web-based solutions to expedite commerce and communication among members of the automotive collision repair industry.

The transaction is expected to close in several weeks.

"We view this as a very positive step for both Mitchell and Ensera," said Jim Lindner, Mitchell chairman, president and CEO. "Our combining with Ensera, whose products and strategies closely complement those of Mitchell International, solidifies our competitive advantage as a provider of e-commerce solutions for the collision repair and insurance claims industries."

Lindner called Ensera an innovative and talented organization. "Both companies will benefit from the synergies, strengths and talents of the union of the two organizations. We both are providers of innovative e-commerce solutions for the collision repair and claims industries. By combining our knowledge, experience and technology expertise, we will emerge as an even stronger organization that will be nothing short of the industry e-commerce powerhouse."

Anthony Aquila, Ensera founder and CEO, said Ensera is pleased to pair with a respected industry leader like Mitchell. "Mitchell has the distinction of being one of the most recognized and trusted companies in the industry. Their database, products, connectivity and service set the standard. We are glad to be joining with an organization of Mitchell's caliber and view our combination as an excellent way to provide even more value to our clients."

Lindner said Mitchell is beginning the planning process for integrating Ensera employees, products and customers into Mitchell. "We look forward to warmly welcoming the Ensera team to Mitchell and to the synergy between the two companies, which will enable us to provide our customers with cost-effective, state-of-the-art solutions to better serve their customers."

Based in Redwood Shores, Calif., Ensera develops and provides technology solutions to automate the communications and workflow processes across the business enterprises in the automotive claims marketplace.

Mitchell International, founded in 1946 and headquartered in San Diego, offers information software and e-business solutions for the insurance and automotive repair industries. Mitchell facilitates several million electronic transactions between more than 16,000 business partners each month and is particularily well-known for its parts and labor database.

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