Alamo Rent A Car and National Car Rental Brands Enter Uruguay Market

MONTEVIDEO, URUGUAY--(Marketwire - Oct 19, 2012) - Enterprise Holdings today announced that it is franchising the use of its Alamo Rent A Car and National Car Rental brands to Olecram SA, a leading transportation company based in Montevideo, Uruguay.

This agreement will bring the Alamo and National brands to three locations in Uruguay during the first year of the partnership: at the Montevideo airport as well as in the exclusive resort of Punta Del Este, both at the airport and in the city-center.

The new franchise agreement enables both companies to better meet customers' needs. It also marks Enterprise Holdings' entry into the Uruguayan market and completes the company's footprint in South America's "Southern Cone" region, consisting not only of Uruguay, but also Argentina, Chile and Paraguay. In addition, last month, another franchisee, São Paulo-based Unidas, opened Alamo and National locations at five airports in Brazil.

"This partnership brings the dependability, affordability and convenience of the Alamo and National brands to customers in Uruguay," said Peter A. Smith, vice president of global franchising for Enterprise Holdings, which also owns and operates its flagship Enterprise Rent-A-Car brand in North America. "We share a strong focus on customer service, and we will work together to expand options for travelers throughout South America."

Dr. Martin Grande, Director of Olecram, stated, "Alamo and National will provide business and leisure travelers in Uruguay with the kind of service they have come to know and trust. Together, we'll continue our commitment to excellence and quality."

Currently, through its regional subsidiaries, Enterprise Holdings owns and operates the National Car Rental and Alamo Rent A Car brands, as well as its flagship Enterprise Rent-A-Car brand in North America. The company also operates the Enterprise Rent-A-Car brand in the UK, Germany and Ireland, and a franchise network that operates the National and Alamo brands in 23 countries throughout the Americas. Earlier this year, Enterprise Holdings acquired Citer SA in France and Atesa in Spain, and made a strategic investment in China-based eHi Auto Services.

For more information, visit www.alamo.com or www.national.com.

About Enterprise Holdings
Founded in 1957, Enterprise Holdings is the most comprehensive service provider in the car rental industry, operating -- through its regional subsidiaries -- the Alamo Rent A Car and National Car Rental brands as well as its flagship Enterprise Rent-A-Car brand in North America. Alamo, Enterprise and National -- which swept Executive Travel magazine's 2011 "Leading Edge Awards" for the top three car rental brands in the travel industry -- collectively lead with more than one-third of all airport business in the United States and Canada. Enterprise Holdings' worldwide network includes more than 7,700 neighborhood and airport locations, with 6,000 offices located within 15 miles of 90 percent of the U.S. population -- and more than twice as many locations as Enterprise Holdings' nearest U.S. competitor. Enterprise Holdings owns and operates more than 1 million cars and trucks, making it the largest car rental company in the world measured by revenue, employees and fleet. In addition, the company's annual revenues place it near the top of the travel industry, exceeding many airlines and most cruise lines, hotels, tour operators and online travel agencies. Ranked by Forbes as one of America's Largest Private Companies, Enterprise Holdings is owned by the Taylor family and is the only investment-grade company in the U.S. car rental industry. For more information about St. Louis-based Enterprise Holdings, visit www.enterpriseholdings.com.