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Dollar Thrifty Automotive Group Acquisition Program Hits Home; Company Acquires Dollar Rent A Car Franchises in Oklahoma and Nashville

Dollar Thrifty Automotive Group Acquisition Program Hits Home; Company Acquires Dollar Rent A Car Franchises in Oklahoma and Nas

TULSA, Okla., Feb. 1 /PRNewswire-FirstCall/ -- Dollar Thrifty Automotive Group, Inc. today announced the acquisition of the Dollar Rent A Car franchises in Tulsa, Oklahoma City and Nashville. The acquisition, which includes on-airport locations at each airport, adds approximately 615 cars to the Company's corporate fleet. The Dollar Tulsa and Oklahoma City operations were acquired from OK Rental & Leasing, Inc., owned by Patrick O'Daniels and Matthew R. Browne. The Dollar Nashville franchise was acquired from Midwest Rental & Leasing, LLC, owned by Patrick O'Daniels and Howard E. Southerland. The terms of the transaction, effective today, were not disclosed.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020412/DTGLOGO )

"These acquisitions are of particular importance to our acquisition program which we initiated in December 2002," Jay Foley, Senior Executive Vice President - Corporate Operations, said. "We now operate the Dollar brand corporately throughout our home state of Oklahoma which creates operational synergy opportunities as well as additional customer choices such as one way rentals and choices on drop locations. We look forward to welcoming the traveling public to the 'Sooner State' as well as serving our local neighbors with their transportation needs.

"On another positive note, we are very excited to be operating corporately at Nashville International Airport. With Music City being one of the top tourist destinations as well as the city quickly becoming a hub of corporate development, this location fits perfectly into our corporate operations."

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 approximately 800 corporate and franchised locations in the United States and Canada, and they have operations at most major airports. The Company's more than 8,000 employees are located mainly in North America, but global service capabilities exist through an 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; access to reservation distribution channels; 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.

FCMN Contact: [email protected]

Dollar Thrifty Automotive Group, Inc.

CONTACT: Terri Snow, Executive Director - Corporate Communications,
+1-918-669-2743, or [email protected] , or Jason Logan, Corporate Communications,
+1-918-669-2123, or [email protected] , both of Dollar Thrifty Automotive
Group, Inc.

Web site: http://www.dtag.com/

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