Dollar Thrifty Automotive Group Strengthens Presence in Louisiana; Company Acquires Franchise Operations in New Orleans and Baton Rouge

TULSA, Okla., May 2 /PRNewswire-FirstCall/ — Dollar Thrifty Automotive Group, Inc. (NYSE:DTG) today announced the acquisition of the Thrifty Car Rental operations in New Orleans and Baton Rouge, Louisiana. The acquisitions include in-terminal locations at the New Orleans Louis Armstrong International Airport and the Baton Rouge Metropolitan Airport. The terms of the transactions were not disclosed.

“Adding these two key locations in Louisiana provides us with another opportunity to serve value-seeking car rental customers with outstanding service and quality products,” Jay Foley, Senior Executive Vice President – Corporate Operations, said. “We currently operate the Dollar brand corporately at the New Orleans Airport. Adding the Thrifty brand will allow us to expand our customer base in New Orleans and better support the city’s growing tourism and strong corporate and convention business. The Baton Rouge location will certainly complement our New Orleans operation. In addition to its major universities and growing business center, Baton Rouge is located less than 70 miles from New Orleans providing DTG with a stronger business presence in this popular area of Louisiana.”

DTG has completed approximately 70 percent of its franchise acquisition program in just over two years. The Company will continue to acquire franchise locations as they become available at values that meet the Company’s return on investment goals.

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 over 1,600 corporate and franchised worldwide locations including over 800 in the United States and Canada. The Dollar or Thrifty brands operate in virtually all of the top U.S. airport markets; both brands operate in all of the top Canadian airport markets. The Company’s more than 8,300 employees are located mainly in North America, but global service capabilities exist through an ever 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; 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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