Gabelli & Company Discussion on Adesa Planned for March 1

Rye, NY
February 21, 2007
  Contact:    Gabelli & Company, Inc.
       Institutional Sales
       Daniel M. Miller, 914-921-5193

Gabelli & Company, Inc., as previously announced, will host a meeting on Thursday, March 1, 2007 at 4:30PM to discuss a proposed transaction in which Adesa, Inc. (NYSE: KAR - News) would be acquired by a consortium of private equity firms.

Despite overwhelming interest from the institutional community, Adesa's management has elected not to participate in this meeting. Nevertheless, we expect numerous shareholders and several of the institutional proxy advisory firms to be in attendance. The four private equity firms attempting to acquire Adesa have yet to confirm their participation.

This meeting is another in a series held by Gabelli & Company focused on shareholder initiatives and value surfacing activities.

Gabelli & Company, Inc., an institutional research and brokerage firm, is a subsidiary of GAMCO Investors, Inc. (NYSE: GBL).