Car Rental Company, Dollar Thrifty, Added 15 New Franchise And Two Corporate Locations

Last June 25, Dollar Thrifty Automotive Group Inc. declared that they opened 15 new U.S. franchise locations and two corporate locations since January 1, 2010.

Scott Thompson, Dollar Thrifty president and chief executive officer, said: "We are very pleased with our current expansion efforts, which are expected to augment our organic growth from an improving economy." He added: "The added franchise locations expand our value brands in a capital efficient way while our new corporate-owned locations represent long-term revenue growth opportunities." Dollar Thrifty's new corporate stores serve in two of the top 100 airports in the U.S. They incorporate the re-establishment of the dollar ad Thrifty brands in Des Moines, Iowa, which is scheduled to open Aug. 1, 2010, and also the addition of the Thrifty brand to the company's existing corporate location in Minneapolis, Minnesota.

The expansion of the company includes Dollar Rent A Car openings in Savannah, Georgia, Panama City Beach, Florida, and Chattanooga, Tennessee, as well as Thrifty Car Rental franchises in Panama City Beach, Florida, and Chattanooga, Tennessee. The company franchised its corporate location in Little Rock, Arkansas, with the licensee operating both the Dollar and Thrifty brands there.

In addition, Thrifty Car Sales has recently opened a number of dealerships, which provide retail used-vehicles sales and serve the rental needs of the local market. These operations will provide the company with additional brand exposure and substantial profitability increase. These new dealerships include Pasco, Washington, Hollidaysburg, Pennsylvania and Coopersburg, Bowling Green, Kentucky, Hurricane, West Virginia, Lexington, Kentucky., New Carlisle, Ohio, and Pensacola, Florida.

Dollar and Thrifty have more than 1,550 corporate and franchised worldwide locations, which includes approximately 600 in the U.S. and Canada.

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