Rent A Car Industry’s First Internet Based Reporting System

Avis Rent A Car, a member of Avis Group Holdings, Inc. (NYSE:), today announced the introduction of the first Internet based information system in the rent a car industry called Avis InterActive. This sophisticated Internet based application and data warehouse is designed to provide corporate customers with complete and current information on their car rental usage and expenses by capitalizing upon Avis’ already existing rental car database. Avis InterActive is derived from Avis Group’s award winning PHH InterActive system that has been the cornerstone of PHH’s success in the fleet management industry.
“Avis Group’s Internet based e-business system platform offers our customers comprehensive data so they may operate more effectively and efficiently,” said Barry Rand, Avis Group Chairman and Chief Executive Officer. “By leveraging our competencies and capabilities, we enhance our ability to find new business in the rental car marketplace as well as identify and execute other revenue-enhancing opportunities for the Company.”

Avis InterActive enables corporate customers access via the Internet to aggregated information on car rental expenses and utilization as well as specific renter preferences. The information is presented in a format that allows easy analysis by travel managers and accountants on their own desktop computers.

“The use of this web based and data warehouse technology represents the Company’s commitment to further enhance our customers’ ‘Avis Experience’ by providing them with the information to better manage their car rental expenses,” said Robert Salerno, President and Chief Operating Officer, Rental Car Group. “When combined with our long-standing commitment to provide exceptional and personalized service, Avis InterActive will afford us a competitive advantage.”

Larry Kinder, Senior Vice President and Chief Information Officer of Avis Group commented, “Avis InterActive is a game-changing achievement that demonstrates Avis Group’s agility and speed in leveraging its technology assets, Internet applications and people across its companies and across industries. Our customers, as our partners, will benefit tremendously from the technology and the vast information access it provides.” Avis is currently offering this sophisticated system to select companies and anticipates expanding access to all eligible corporate accounts by early summer.

Avis Group Holdings, Inc. is one of the world’s leading service and information providers of comprehensive automotive transportation and vehicle management solutions. Avis Group operates the second largest general-use car rental business in the world, with locations in the United States, Canada, Australia, New Zealand and the Latin American Caribbean region. In 1999, the Company acquired PHH Vehicle Management Services, the world’s second largest fleet management and leasing company, together with Wright Express, the world’s largest fleet card provider. Avis Group manages a fleet of approximately 1 million vehicles and has over 4 million fleet cards outstanding. Annually, the Company generates over $4 billion in total revenue.

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