PHH Named One of Top '100 Best Places to Work in IT' by Computerworld Magazine

HUNT VALLEY, Md., June 11 -- PHH Arval was named one of the "100 Best Places to Work in Information Technology" in IDG's Computerworld 2003 survey of US-based companies and major consulting firms. PHH was ranked 14th overall in the list of 100 top companies.

Timothy Talbot, Senior Vice President and CIO of PHH, commented, "At PHH we recognize that customer satisfaction is inextricably linked with our own employee satisfaction. We have tremendous talent in our IT department, and we're proud that it's recognized in the market place, as evidenced by the numerous technology awards we've won. This Computerworld recognition is more validation that we're on the right track to attracting, developing and retaining the best people."

Since 1994, Computerworld's annual "Best Places to Work in IT" feature has ranked the top 100 work environments for technology professionals, based on a comprehensive questionnaire regarding company offerings in categories such as benefits, diversity, career development, training and retention. In addition, this year Computerworld surveyed more than 11,500 IT workers for the list, and their responses factored heavily in determining the rankings. The Best Places to Work feature appears in the June 9th issue of Computerworld and online at www.computerworld.com/bestplaces2003.

Founded in 1946, PHH Arval is one of the world's leading vehicle management companies. A subsidiary of Cendant Corporation , PHH Arval provides integrated leasing, management and card payment solutions to thousands of corporate, government and service-related fleets, including nearly one-third of the Fortune 500 companies. In conjunction with its strategic partners throughout the world, PHH Arval manages over 1.3 million vehicles worldwide. Through consultative expertise, flexible personalized service and award-winning Internet technology, PHH helps clients reduce costs and increase productivity. For more information about PHH, call 1-800-ONLY PHH or visit www.phh.com.