Avis Group Holdings, Inc. (NYSE: AVI) announced today that it remains comfortable with its earnings projections for the third and fourth quarters of 2000, as well as the strength of its long-term business in light of recent announcements by industry competitors. "All of our businesses continue to be consistently strong and we remain confident with the financial projections we have provided the investment community for the remainder of this calendar year and into 2001," said A. Barry Rand, Chairman and Chief Executive Officer of Avis Group Holdings, Inc. "All of our most current data strongly support this position."