Alamo Rent a Car and National Car Rental Enter Argentina; Operations Launched in Five Cities.

Business Editors/Travel Writers

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Sept. 5, 2003

Alamo Rent a Car and National Car Rental, the rental-car brands tailored to leisure and corporate travelers, respectively, have launched operations in Argentina, parent-company ANC Rental Corporation (ANC) announced today. The launch extends Alamo and National to Latin America's second largest economy, where they will establish locations in five cities: Buenos Aires, Rosario, Mendoza, Cordoba and Santa Fe.

The facilities, which are available for reservations, are operated through a Master Franchise Agreement with Flotas Comerciales S.R.L., an Argentine conglomerate of Peugot dealerships, hotels and other businesses. Flotas Comerciales has been in the car rental business for over 10 years.

Alamo and National will offer a variety of car rental products and services in this southernmost country in our hemisphere. Clients can choose from a compact to full-size vehicle or SUV, pick up truck or minivan. They will enjoy shopping at the finest boutiques along the widest boulevard in the world, 9 de Julio, to world-class polo matches in Buenos Aires during a worry free vacation in an Alamo car. Or renters may chose to visit famous wineries and experience colonial Spanish architecture in Argentina's interior. In addition, Alamo and National offer renters the ability to cross the border into Chile for a nominal fee.

"This launch moves us a step closer to our goal of having complete coverage throughout Latin America," said Mike Going, ANC's SVP Worldwide Sales & Marketing. "In addition, we feel the timing is perfect; our infrastructure will be in place just as the Argentine economy begins the turnaround economists expect."

Alamo and National's Argentine operations will service key source markets such as Europe, North America and Latin America. Company officials expect the Alamo operations to attract European and American visitors to Argentina, leisure travelers primarily. National, the brand for corporate travelers, will target companies based in Argentina.

ANC Rental Corporation, headquartered in Fort Lauderdale, is one of the world's largest car rental companies with annual revenue of approximately $2.4 billion in 2002. ANC Rental Corporation, the parent company of Alamo and National, has more than 3,000 locations in 83 countries. Its more than 12,000 global associates serve customers worldwide with an average daily fleet of more than 375,000 automobiles.