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HOLT NAMED CHIEF EXECUTIVE OFFICER OF AGENCY RENT-A-CAR

 HOLT NAMED CHIEF EXECUTIVE OFFICER
 OF AGENCY RENT-A-CAR
 CLEVELAND, June 25 /PRNewswire/ -- Agency Rent-A-Car, Inc. (NASDAQ: AGNC), the nation's leading automobile insurance replacement company announced the election of Terry W. Holt to the position of Chief Executive Officer. The announcement was made after approval by the Board of Directors at their June 24th quarterly meeting.
 Following the announcement, Sam J. Frankino, Chairman of the Board stated that the election of Mr. Holt marks a new era in the company's history. Frankino added that Mr. Holt's exceptional leadership abilities together with his trenchant insight into the company's operations will enable Agency Rent-A-Car to continue its proud tradition of growth and profitability.
 Holt, who joined the company in 1977 as an office manager, has also served the company in the position of district manager, regional director, senior vice president of operations and executive vice president prior to being elected president in September 1989. Holt is also a member of the Board of Directors.
 Sam J. Frankino, the founder and majority shareholder of Agency Rent-A-Car, will continue an active role in the company as Chairman of the Board.
 Holt, 37, resides in Hudson, Ohio with his wife, Debbie, and their four children.
 The company also announced the election of Noah T. Herndon to its Board of Directors following its annual shareholders meeting.
 Herndon of Boston, Massachusetts is a partner in the investment banking firm of Brown Brothers Harriman & Company.
 -0- 6/25/92
 /CONTACT: Peter T. Zackaroff, Executive Vice President of Agency Rent-A-Car, 216-349-1000/
 (AGNC) CO: Agency Rent-A-Car ST: Ohio IN: SU: PER


LC -- CL015 -- 3761 06/25/92 12:15 EDT
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Publication:PR Newswire
Date:Jun 25, 1992
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