SOURCE: The Hertz Corporation

The Hertz Corporation

August 25, 2009 09:16 ET

"Connect by Hertz" Signs USAA as First Corporate Customer in Texas

PARK RIDGE, NJ--(Marketwire - August 25, 2009) - Connect by Hertz (www.connectbyhertz.com), Hertz's global car sharing club, has signed its first major corporate account in Texas, USAA. Cars will be placed at USAA's headquarters in San Antonio, providing its more than 14,000 employees with an environmentally friendly, economical alternative to car ownership and a solution for short-term transportation needs. The effort underscores Hertz's commitment to aggressively expand its car sharing club.

Mark P. Frissora, Chairman and Chief Executive Officer of Hertz, said, "Connect by Hertz has been expanding aggressively and the corporate market is a key element to our expansion program. With 14,000 employees at the USAA headquarters, hundreds using USAA's NuRide and Van Pooling programs, Connect by Hertz is a natural benefit for USAA to offer its employees. Car Sharing allows businesses to manage their fleets in an efficient and environmentally friendly manner. Hertz has a long standing relationship with USAA; by offering Connect by Hertz services USAA is able to offer a new, cost-effective travel option for its headquarter employees."

Alice L. Diamant, President of USAA Alliance Services, LLC, said, "We are excited to be involved in this innovative, new service for USAA employees. USAA has enjoyed a tremendous business relationship with Hertz since 1972. Hertz has always gone further than expected to deliver exceptional value to our members. This is just the latest example of that kind of thinking, this time to the benefit of USAA employees and the environment."

Three Toyota Prius hybrids have been placed at USAA's headquarters and will be available for use 24/7. Cars are available to all USAA employees who join Connect by Hertz with gas, maintenance, insurance and parking included in USAA's low, hourly rate. Selected for its advanced technology, solid infrastructure and quality vehicles, Connect by Hertz fulfills Hertz's mission of providing services for all rental needs -- from one hour to one year, and everything in between.

Connect by Hertz offers businesses an economical, convenient and socially conscious alternative to fleet ownership. Connect by Hertz helps promote public transportation usage and car pooling, reduces congestion and parking problems while helping the environment. Businesses can reduce expenses and control costs by converting fixed fleet costs into variable, per trip costs. Shared cars can be used for business purposes and are a money saving perk for Companies to offer their employees.

With a variety of business programs available, Connect by Hertz eliminates the need for a corporate fleet. Connect by Hertz's basic business package is great for small companies with such benefits as no minimum commitment and free membership. For larger businesses, Connect by Hertz offers exclusive vehicle usage, membership in Connect by Hertz and Hertz #1 Club Gold, and personal, employee accounts.

Connect by Hertz uses the latest in end-to-end telematics to provide superior customer service. Members enroll online where they can retrieve invoices and access their driving history. After reserving, an email confirmation and text message indicating the car's license plate and location is sent to the member. To unlock and engage the vehicle, members simply swipe their Connect card over the car's identification reader. In car, a hands-free audio kit connects members to a Member Care Center representative should they have questions, need assistance or need to extend their rental. Cars are also equipped with iPod connectivity and NeverLost® in-car navigation system.

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc. (NYSE: HTZ), is the world's largest general use car rental brand, operating from approximately 8,000 locations in 145 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 42 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa, Asia, and the Middle East. Product and service initiatives such as Hertz #1 Club Gold®, NeverLost® customized, onboard navigation systems, SIRIUS Satellite Radio, and unique cars and SUVs offered through the company's Prestige, Fun and Green Collections, set Hertz apart from the competition. In 2008, the Company launched Connect by Hertz, entering the global car sharing market in London, New York City and Paris. Hertz also operates one of the world's largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of equipment, including tools and supplies, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers through approximately 350 branches in the United States, Canada, China, France, and Spain.