July 24, 2007

Enterprise Rent-A-Car acquires Vanguard Car Rental

St. Louis, Missouri – Enterprise Rent-A-Car has announced its acquisition of Vanguard Car Rental, which is anticipated to take effect on August 1, 2007. Vanguard operates National Car Rental and Alamo Rent A Car brands, which primarily serve the airport segment of the rental vehicle market.

Immediately after the transaction closes, Enterprise says it will offer its members a free Emerald Club membership at National Car Rental, entitling them to a discount on that company’s rates.

“For the foreseeable future, Enterprise and Vanguard will continue to operate as separate subsidiaries while we take the necessary time to carefully review all aspects of this acquisition,” says Andrew Taylor, Chairman and CEO of Enterprise. “However, we intend to immediately begin leveraging the combined expertise and strength of Enterprise and Vanguard to create even greater overall value for consumers and business customers alike.”

Enterprise business customers can visit NationalCar.com to sign up for the Emerald Club program, which offers faster service at airports, self-service kiosk, free upgrades and a choice of rewards.

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