Dollar Thrifty Automotive Group Holds Annual Meeting of Stockholders
TULSA, Okla., May 21, 2004 -- Dollar Thrifty Automotive Group, Inc. , today held its Annual Meeting of Stockholders in Tulsa, Oklahoma.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020412/DTGLOGO )
At the meeting, Molly Shi Boren, Thomas P. Capo, Maryann N. Keller, The Honorable Edward C. Lumley, Gary L. Paxton, John C. Pope, John P. Tierney and Edward L. Wax were elected Directors.
The Company recently announced record first quarter revenue and raised earnings per share guidance to a range of $1.75 to $2.00. Citing an improving economy fueling the leisure travel industry, the Company expects continued growth in travel in 2004. The Company believes consumers are moving to value, which is the strength of the Company's two brands, Dollar Rent A Car and Thrifty Car Rental. The Company also reported on the continued success of its growth strategy of acquiring both Dollar and Thrifty franchisees in key U.S. and Canadian markets. Since unveiling its growth strategy in December 2002, the Company has acquired 30 key markets and opened 8 greenfield locations, adding approximately 21,000 vehicles to its corporate rental fleet.
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 7,000 employees are located mainly in North America, but global service capabilities exist through an ever expanding franchise network. For additional information, visit www.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; airline travel patterns; changes in capital availability or cost; costs and other terms related to the acquisition and disposition of automobiles; costs of conducting business and changes in structure or operations; and certain regulatory and environmental matters. 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.
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