Dollar Thrifty Named to Fortune 1000 List Fourth Consecutive Year
TULSA, Okla., April 19 -- For the fourth consecutive year, Dollar Thrifty Automotive Group, Inc. has been named a Fortune 1000 company in Fortune magazine's 2006 list of America's largest corporations, the company announced today.
Dollar Thrifty -- ranked No. 961 based on 2005 record revenues of $1.52 billion -- was one of seven Oklahoma companies named to the list and the only non-energy sector company in the group. The company made its debut on the list in 2003 at No. 999. A complete list is available at http://www.fortune.com/ .
"Our fourth consecutive showing on Fortune's prestigious list demonstrates our commitment to bring value to our shareholders and customers," said Gary L. Paxton, CEO and president of Dollar Thrifty. "We achieved a seven percent increase in revenues from the previous year. Contributing to that growth was the progress we've made in our franchise acquisition program, which we embarked upon in December 2002. Since that time, we have acquired operations in 52 markets and opened ten new locations adding approximately 30,000 vehicles on an annualized basis to our corporate 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 8,000 employees are located mainly in North America, but global service capabilities exist through an expanding international 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; access to reservation distribution channels; 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.
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