PRESS RELEASE

Republic Industries To Merge With Alamo Rent-A-Car

    FORT LAUDERDALE, Fla., Nov. 7 -- Republic Industries,
Inc. and Alamo Rent-A-Car, Inc. jointly announced
today that they have signed a definitive agreement for the merger of
the two companies.
    H. Wayne Huizenga, Chairman and Co-Chief Executive Officer of
Republic, stated that "Alamo is one of the country's largest rental
car companies.  Leisure travel is a fast growing segment of the
automobile rental industry and Alamo's innovative leadership in this
growth sector of the automobile rental marketplace is consistent with
our strategy of building consumer-oriented, service related businesses
with recognized brand names and strong management".
    According to Mr. Huizenga, "The combination of Alamo with
Republic's "like-new" automobile retailing concept is an exceptional
fit that will enable AutoNation USA to accelerate its business plan
and create a unique, dedicated and predictable source of inventory for
our Megastore distribution system. In addition, we will be able to
benefit from Alamo's strong relationships with manufacturers and other
suppliers of vehicles."
    "Over the past 20 years, we have built a successful and widely
respected brand name that's synonymous with value throughout the
travel industry", said Michael S. Egan, Chairman and founder of Alamo.
    "All of us at Alamo are very excited about our future. Our
talents, coupled with those of Wayne Huizenga, Steve Berrard and their
talented staff, will enable us to continue to grow and prosper", Egan
added.
    Following the merger, Mr. Egan will continue with his
responsibilities as Chairman of Alamo.
    The completion of this transaction, which is valued at $625
million, is subject to customary conditions including the receipt of
all required regulatory approvals. The transaction will be accounted
for under the pooling of interests method of accounting.
    Alamo is the fourth largest rental car company in the U.S. and
operates a fleet of approximately 130,000 vehicles. Alamo operates in
42 states in the U.S. and has operations in 10 European countries and
Canada.
    Republic is a diversified company operating in the solid waste,
automotive, electronic security services and out-of-home media
industries.

CONTACT: J. Ronald Castell, 954-627-6061, or Michael S. Karsner,
954-627-6027, both of Republic Industries, Inc.