Dollar Thrifty Climbs Fortune List
Executive Director - Corporate Communications
Tulsa, Oklahoma, April 18, 2005: Dollar Thrifty Automotive Group, Inc. (NYSE:DTG) moved up 33 positions on the Fortune 1000 annual ranking of public companies, showing as number 947 on the list published in the magazine’s April 18, 2005, edition. In addition, Dollar Thrifty ranked as the seventh largest publicly held company in Oklahoma, and the largest non-energy Oklahoma-based public company. Revenue for the previous year determines position on Fortune’s prestigious list. Dollar Thrifty recently announced its 2004 year-end revenue was $1.4 billion, a record for the company.
“The growth plan that we set in motion during December 2002 has provided our company incredible momentum,” Gary Paxton, Dollar Thrifty President and Chief Executive Officer, said. “This is the third consecutive year Dollar Thrifty has been named on the Fortune 1000 list, and each time we’ve advanced our position.”
Dollar Thrifty’s first inclusion on Fortune’s list was in 2003 as number 999, based on 2002 revenue of $1.13 billion. In Fortune’s list published last year, the company was ranked 980 based on 2003 revenue of $1.23 billion. Paxton noted that 2004 was Dollar Thrifty’s seventh consecutive year of profitability since going public in December 1997. “We expect that to continue in 2005,” he said.
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 over 1,600 corporate and franchised worldwide locations including over 800 in the United States and Canada. The Dollar or Thrifty brands operate in virtually all of the top U.S. airport markets; both brands operate in all of the top Canadian airport markets. The Company's more than 8,300 employees are located mainly in North America, but global service capabilities exist through an ever 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.