8th November 2006
UNIVERSAL SALVAGE PLC
Awarded Solus Contract by
Nemwil Holdings (Gibraltar) Limited
Universal Salvage plc ("Universal"), the vehicle salvage and auction services
group, is pleased to announce that its wholly owned subsidiary company, Userve
Limited ("Userve") has signed a contract with Nemwil Holdings (Gibraltar)
Limited ("Nemwil") to provide salvage management and disposal services
throughout the UK to its subsidiary Insurance Companies, Link Insurance Company
Limited (Link)and Zenith Insurance PLC(Zenith).
The contract, which is for a two year period and commences on the
14th November 2006 will be on an exclusive basis, with Userve as sole supplier.
The full financial benefit of this new contract will be felt in the year to 3rd
Avril Palmer-Baunack, Chief Executive of Universal, commented,
"I am delighted to announce another win in our core insurance market. We look
forward to working with Link and Zenith."
Universal Avril Palmer-Baunack T: 01234 762283
Salvage plc Chief Executive
Biddicks Katie Tzouliadis T: 020 7448 1000