TULSA, Okla. and PLANO, Texas, Aug. 2 /PRNewswire-FirstCall/ -- Dollar
Thrifty Automotive Group Inc. (NYSE: DTG) and EDS (NYSE: EDS) today announced
the signing of a five-year, $150 million information technology (IT) services
extension agreement, with new revenue service to EDS of approximately $125
million. Under the agreement, which commences October 1, 2006, EDS will
provide DTG with a range of IT services including applications development and
maintenance, network, workplace and storage management, back-up and recovery
and mid-range hosting services. For the past nine years, EDS has provided DTG
with a portion of its data center operations support.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020412/DTGLOGO )
"Dollar Thrifty Automotive Group and EDS have a long-term relationship and
this new agreement is the next logical step in the expansion of our
partnership," Don Himelfarb, Dollar Thrifty Automotive Group Chief
Administrative Officer, said. "In addition to the economic benefits associated
with leveraging across the EDS organization, we chose to expand our
relationship based on EDS' world-class approach to technology solutions. Also,
important to our decision, was the fact that EDS has an existing, large
presence in Tulsa as we anticipate a significant number of DTG employees will
transition to EDS. Heading DTG's IT organization and relationship with EDS
will be Vic Alonzi, DTG Vice President - IT, a seasoned executive with over 20
years of IT experience including over 10 years with DTG."
"EDS has the capability to help us standardize and transform our IT
infrastructure and critical business applications," Alonzi said. "A leading
technology provider, EDS is a natural fit with DTG's strategy to be a low-cost
provider while providing outstanding business value. We look forward to
working with EDS in developing and delivering innovative business solutions
for both our internal and external customers."
As part of this agreement, EDS will assume responsibility for DTG's
infrastructure and will manage more than 4,500 desktop workstations and more
than 500 servers. DTG and EDS will work together to develop a flexible
platform that supports speed to market and user-friendly outcomes.
"We are delighted to have DTG as a strategic partner as we continue to
grow our presence in the travel and hospitality segment," said Jim Dullum,
vice president and leader of EDS' Global Transportation industry group. "DTG
will take advantage of EDS' recent multi-billion dollar investment in its
global delivery model and together we will position both companies for
long-term growth in this important market segment."
Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) is a Fortune 1000
Company headquartered in Tulsa, Oklahoma. Driven by the mission "Value Every
Time," the Company's brands, Dollar Rent A Car and Thrifty Car Rental, serve
value- conscious travelers in approximately 70 countries. Dollar and Thrifty
have approximately 1,600 corporate and franchised worldwide locations
including over 800 in the United States and Canada. The Dollar or Thrifty
brands operate in virtually all of the top U.S. airport markets; both brands
operate in all of the top Canadian airport markets. The Company's more than
8,500 employees are located mainly in North America, but global service
capabilities exist through an expanding international franchise network. For
additional information, visit www.dtag.com .
Some of the statements contained in this press release may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Although Dollar Thrifty Automotive Group, Inc.
believes such forward-looking statements are based upon reasonable
assumptions, such statements are not guarantees of future performance and
certain factors could cause results to differ materially from current
expectations. These factors include: price and product competition; access to
reservation distribution channels; economic and competitive conditions in
markets and countries where the companies' customers reside and where the
companies and their franchisees operate; natural hazards or catastrophes;
incidents of terrorism; airline travel patterns; changes in capital
availability or cost; costs and other terms related to the acquisition and
disposition of automobiles; systems or communications failures; costs of
conducting business and changes in structure or operations; and certain
regulatory and environmental matters and litigation risks. Should one or more
of these risks or uncertainties, among others, materialize, actual results
could vary from those estimated, anticipated or projected. Dollar Thrifty
Automotive Group, Inc. undertakes no obligation to update or revise forward-
looking statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results over time.
EDS (NYSE: EDS) is a leading global technology services company delivering
business solutions to its clients. EDS founded the information technology
outsourcing industry more than 40 years ago. Today, EDS delivers a broad
portfolio of information technology and business process outsourcing services
to clients in the manufacturing, financial services, healthcare,
communications, energy, transportation, and consumer and retail industries and
to governments around the world. Learn more at www.eds.com .
The statements in this news release that are not historical statements,
including statements regarding the amount of new contract values, are
forward-looking statements within the meaning of the federal securities laws.
These statements are subject to numerous risks and uncertainties, many of
which are beyond EDS' control, which could cause actual results to differ
materially from such statements. For information concerning these risks and
uncertainties, see EDS' most recent Form 10-K. EDS disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
SOURCE: Dollar Thrifty Automotive Group Inc.
CONTACT: Terri Willson Snow, Executive Director, Corporate
Communications of Dollar Thrifty Automotive Group Inc., +1-918-669-2743,
email@example.com; or Blake Hull, Media Relations of EDS Media, +1-972-605-5063,
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020412/DTGLOGO
Web site: http://www.dtag.com