Dollar Thrifty Automotive Group Acquisition Program In Full Blast On Florida’s Space Coast
Company acquires franchise operations in Jacksonville, Cape Canaveral and Melbourne
TULSA, OKLAHOMA, January 17, 2005: Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced the acquisition of the Thrifty Car Rental operations in Jacksonville, Melbourne and Cape Canaveral, Florida. The acquisition, which adds approximately 500 vehicles to the company’s corporate fleet, includes an in-terminal location at Jacksonville International Airport, as well as an off-airport location in Jacksonville, an off-airport location in Melbourne and a location in Cape Canaveral. The terms of the transaction, effective January 15, 2005, were not disclosed.
“We are particularly pleased with this acquisition, the Company’s first in 2005, which strengthens our presence in a state recognized among the top leisure destinations in the world,” Jay Foley, Senior Executive Vice President – Corporate Operations, said. “We now operate both the Dollar and Thrifty brands corporately in every major Florida market. We look forward to serving the value-seeking car rental customers who visit the space-age attractions, beaches and world-class golf courses in the Cape Canaveral, Melbourne and Jacksonville areas. In addition, both Dollar and Thrifty will be offering outstanding service and quality products to visitors in Jacksonville next month as it hosts Super Bowl XXXIX.”
As part of its growth strategy to acquire locations in the top 75 U.S. airports and operate them corporately, the Company has acquired 40 U.S. and Canadian markets and opened eight new Dollar or Thrifty locations, adding approximately 26,000 vehicles, on an annualized basis, to the Company’s rental fleet.
About Dollar Rent A Car
Dollar Thrifty Automotive Group, Inc. is a Fortune 1000 Company headquartered in Tulsa, Oklahoma. Driven by the mission “Value Every Time,” the Company's brands, Dollar Rent A Car and Thrifty Car Rental, serve value-conscious travelers in approximately 70 countries. Dollar and Thrifty have approximately 800 corporate and franchised locations in the United States and Canada, and they have operations at most major airports. The Company's more than 8,000 employees are located mainly in North America, but global service capabilities exist through an expanding international franchise network. For additional information, visit dtag.com.
Some of the statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Dollar Thrifty Automotive Group, Inc. believes such forward-looking statements are based upon reasonable assumptions, such statements are not guarantees of future performance and certain factors could cause results to differ materially from current expectations. These factors include: price and product competition; economic and competitive conditions in markets and countries where the companies' customers reside and where the companies and their franchisees operate; natural hazards or catastrophes; incidents of terrorism; airline travel patterns; changes in capital availability or cost; costs and other terms related to the acquisition and disposition of automobiles; systems or communications failures; costs of conducting business and changes in structure or operations; and certain regulatory and environmental matters and litigation risks. Should one or more of these risks or uncertainties, among others, materialize, actual results could vary from those estimated, anticipated or projected. Dollar Thrifty Automotive Group, Inc. undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.