Jeff Cerefice Gains Additional Responsibility at Dollar Thrifty Automotive Group
TULSA, Okla., Aug. 6, 2004 -- Thrifty Car Sales, Inc., a subsidiary of Dollar Thrifty Automotive Group, Inc. , today announced that Jeff Cerefice has been named Vice President and General Manager, in addition to his current role as Vice President of U.S. Licensee Operations and Franchise Sales for Thrifty Car Rental. In his expanded capacity, Mr. Cerefice will be responsible for the day-to-day operations of Thrifty Car Sales. Mr. Cerefice, 56, has been with the company over 20 years.
"I am confident that Jeff's involvement in our Thrifty Car Sales business will add tremendous value to our network of franchised dealerships," Scott Anderson, Senior Executive Vice President, Global Marketing and Franchise Operations, said. "Jeff brings an impeccable track record of success and strong leadership to his new assignment,"
A car rental and franchise operations veteran with more than 30 years experience, Mr. Cerefice succeeds Jim Holder who most recently led Thrifty Car Sales.
About Thrifty Car Sales
Thrifty Car Sales is a subsidiary of Dollar Thrifty Automotive Group, Inc. Thrifty Car Sales franchises retail used car sales dealerships throughout the United States. Dealerships offer a wide range of late model, low mileage vehicles. Thrifty Certified vehicles pass extensive inspection and are backed by a limited warranty.
About Dollar Thrifty Automotive Group, Inc.
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 ever expanding franchise network. For additional information, visit http://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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