February 24, 2007

United Automobile Association receives funding from Cross Country Automotive Services

Filed under: Automotive,Ymer News — Administrator @ 8:12 pm

Beijing, PRC and Medford, USA – February 2007 – United Automobile Association, China’s leading emergency roadside assistance provider, last week closed Series A2 financing.

Joining existing investors Legend Capital and Ymer Venture Capital in the oversubscribed up-round is Cross Country Automotive Services (CCAS), a leading provider of integrated vehicle and driver programs in North America serving the Automotive, Insurance, and Diversified markets for over 35 years.

This is a tremendous opportunity for UAA to leverage Cross Country’s longstanding industry-wide relationships, proprietary software platforms, and broad operational and business knowledge base. We are very excited about this strategic relationship and warmly welcome CCAS to the UAA family.

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