DTG to Acquire South Florida Franchisee Locations

TULSA, Okla. -- Dollar Thrifty Automotive Group Inc. (DTG) announced its corporate operations subsidiary has signed an agreement to acquire nearly all of the Thrifty Car Rental franchise operations in South Florida.

The acquisition will add approximately 5,300 vehicles and 14 locations to DTG's corporate operations, effective Sept. 1. The terms of the transaction were not disclosed.

"DTG's acquisition of the primary assets of Thrifty Car Rental's largest franchisee -- in a premier leisure destination -- represents significant progress in executing our aggressive internal growth strategy," said Gary L. Paxton, DTG president and chief operating officer for corporate operations. "Our plan is to operate larger U.S. locations corporately and we've made significant headway this year."

Once the South Florida acquisition has been completed, DTG will have added an estimated 11,800 vehicles to its U.S. fleet in 2003.

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