Press Releases

PARSIPPANY, N.J., Sept. 30, 2011 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it plans to create three new operating regions effective October 3, 2011, when the acquisition of Avis Europe plc (LSE:AVE) is expected to be completed....

PARSIPPANY, N.J., Sept. 21, 2011 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq: CAR - News ) (the "Company") announced today that its wholly-owned subsidiary, AE Escrow Corporation, has priced an offering of $250 million aggregate principal amount of 9.75% senior notes due 2020....

PARSIPPANY, N.J., Sept. 13, 2011 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq: CAR ) has received CEO Cancer Gold Standard ™ accreditation, in recognition of the Company's extraordinary commitment to the health of their employees and families....

• Revenue expected to increase 7-8% year-over-year, to $1.6 billion.
• Adjusted EBITDA expected to increase more than 20%, to $265-275 million, excluding certain items.
• Pretax income expected to increase approximately 30%, to $200-210 million, excluding certain items.

Transaction Will Enable the Company to Replace Vehicle-Backed Debt Maturing in 2012 at Substantially Lower Rates...

Company Deploys RFID Technology to Serve Hourly, Daily and One-Way Rental Needs of Corporate Clients On-Site...

• Revenue increased 9% compared with second quarter 2010.
• Adjusted EBITDA increased 95%, excluding certain items.
• Net income doubled to $52 million compared with second quarter 2010.

PARSIPPANY, N.J., Aug. 3, 2011 (GLOBE NEWSWIRE) -- The start of a new school year can be challenging for students and parents alike. Tuition, making new friends and hitting the books are just a few of the tests you have to face. Getting there does not have to be one of them and it doesn't have...