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Non-Tech : APCO Automobile Protection Company -- Ignore unavailable to you. Want to Upgrade?

To: Phil Jacobson who wrote (2138)	5/18/1998 4:13:00 AM
From: Cary C	Respond to of 3351

>>Just heard a rumor that the Yahoo thread has speculation on APCO being bought by a bank. Don't have time tonight to pull down the info from Yahoo - anyone care to investigate or comment?<< Phil don't frequent that one much but I went over and read the post. I am assuming they were referring to the same Banc One that Apco has the 5 year exclusive agreement with. I highly doubt that is the case. At least at this point and time. I don't see any advantage for Banc One to do it. Right now they have no risk other than marketing costs. They ran a successful pilot program for 1 year. If they were entertaining that idea, why not do that instead of signing a five year exclusive agreement? Obviously the agreement wouldn't prevent them from buying them a year or so down the road depending on how successful the program is. Maybe they figure they can get them for about $20 now when 2 years down the road they would have to pay $35 Cary