Avis Named One of the Best Companies for Asian Americans; Asian Enterprise Cites Diversity of Workforce and Company's Purchasing Practices

    GARDEN CITY, N.Y., June 4 Avis Rent A Car System, Inc., a
wholly owned subsidiary of Cendant Corporation , has been named one
of the Best Companies for Asian Americans by Asian Enterprise magazine.  Avis
and twelve other companies were chosen for the award from a field of 100
finalists.
    "This award is a tribute to Avis for excelling in outreach to the Asian
American community," said Gelly Borromeo, publisher of Asian Enterprise at a
gala awards luncheon in Los Angeles.  "The award covers various facets of
Avis' operations: employment, management, supplier diversity and other company
diversity programs.  It is a testament to the spirit of equity in which Avis
does business."
    To determine award winners, Asian Enterprise magazine used information
developed by Fortune in its Best Companies for Minorities research.  In its
most recent Best Companies for Minorities ranking, Fortune named Avis one of
the Best Companies for African Americans and one of the Best Companies for
Native Americans.  Separately, Fortune also ranked Avis as the number one
company in the "Automotive Retailing, Services" category of its February, 2001
list of "Most Admired" companies in America.
    "Avis is honored and gratified to receive this award," said F. Robert
Salerno, Avis' president and chief operating officer.  "This recognition
reflects our ongoing efforts to keep diversity at the center of the Avis
agenda.  We are proud of our relationship with the Asian American community
and are always looking for ways to improve that relationship through hiring,
procurement and marketing activities."
    The award is part of Asian Enterprise's Celebrating Asian Entrepreneurs
program, the only competition-based awards program in the nation that seeks to
recognize outstanding Asian American small businesses.  This was the seventh
year for the Celebrating Asian Entrepreneurs program and the second year for
the Best Companies for Asian Americans awards.  The other winners were:
Applied Materials, Bank of America, Fannie Mae, JP Morgan Chase, McDonald's,
Nordstrom, Pitney Bowes, SoCal Edison, Sun Microsystems, Union Bank, U. S.
Postal Service and Washington Mutual.
    Avis Rent A Car System, Inc. and its subsidiaries operate the world's
second largest general-use car rental business, providing business and leisure
customers with a wide range of services at more than 1,650 locations in the
United States, Canada, Australia, New Zealand and the Latin/American Caribbean
region.  Avis is recognized as the industry leader in applying new
technologies to grow its business and is one of the world's top brands for
customer loyalty.  In April 2001, Avis tied for first place in customer
satisfaction for business travelers in the J. D. Power and Associates survey
of car rental companies.  The company is a wholly owned subsidiary of Cendant
Corporation , a diversified global provider of business and consumer
services primarily within the real estate and travel sectors.
    For additional information and news about Avis, please log onto the Avis
Web Site (http://www.avis.com).

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