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WASHINGTON-AREA THRIFTY CAR RENTAL POSTS RECORD REVENUES FOR FIRST HALF OF '92

 WASHINGTON-AREA THRIFTY CAR RENTAL POSTS RECORD REVENUES
 FOR FIRST HALF OF '92
 ALEXANDRIA, Va., Aug. 31 /PRNewswire/ -- Welcome Corporation, the Washington-headquartered licensee for Thrifty Car Rental, posted record revenues for the first half of 1992.
 J. Bradford Altman, executive vice president for Washington-area Thrifty, said in a rare announcement: "I am delighted to see that the company's performance is significantly stronger than it was at this time last year. We are tracking to eclipse last year's record revenues by 8 percent and record profits by 50 percent."
 Altman credited Thrifty's improved performance with: "Belt tightening and a focused attention to customer service and satisfaction helped us through the recent recession. Pressures on profits were extreme in 1991's perilous economic environment. Our mandate at Thrifty was to ensure customer satisfaction. Good business is repeat business and that was how we planned to grow in '92."
 Welcome Corporation, the largest independent licensee of Thrifty Rent-A-Car System, Inc., operates 33 Thrifty locations in Washington; Richmond, Norfolk and Newport News, Va.; and Harrisburg, Pa., and reported 1991 revenues of $27,213,000.
 -0- 8/31/92
 /CONTACT: Peter Lafley, senior vp/finance, Thrifty Car Rental, 703-941-9520, ext. 723/ CO: Welcome Corporation; Thrifty Car Rental ST: Virginia IN: AUT SU: ERN


DC -- DC012 -- 4984 08/31/92 13:02 EDT
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Publication:PR Newswire
Date:Aug 31, 1992
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