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Press release from GlobeNewswire (a Nasdaq OMX company)

Avis Expands to Western Taiwan With High Speed Rail Partnership

Monday, April 01, 2013

Avis Expands to Western Taiwan With High Speed Rail Partnership

11:00 EDT Monday, April 01, 2013

PARSIPPANY, N.J., April 1, 2013 (GLOBE NEWSWIRE) -- Avis Car Rental, the first international car rental company to operate in Taiwan, today announced that it has expanded its footprint on the island.

Through a new partnership with Taiwan High Speed Rail (THSR), Avis will provide access to rental vehicles at six of THSR's eight stations in the western part of the country. Taiwan High Speed Rail runs approximately 214 miles along the west coast of Taiwan, from the national capital of Taipei to the southern city of Kaohsiung and transported more than 44 million passengers in 2012.

"We are focused on broadening our global footprint while maintaining strong margins," said Patric Siniscalchi, president, Latin America/Asia Pacific, Avis Budget Group. "Our partnership with Taiwan High Speed Rail will allow us to do so by providing leisure and business travelers in the western part of Taiwan with convenient access to rental vehicles."

The Avis locations along the THSR route will be located in Taoyuan, Hsinchu, Taichung, Chiayi, Tainan and Kaohsiung. With these six new rental facilities, Avis now operates a total network of 20 service points in Taiwan. Avis operates locations in Taipei which include the Taoyuan International Airport, Taipei City, Neihu, Nangang, Songshan, Zhongshan (two locations) and Bangiao, as well as Hsinchu City, Chupei City, Kaohsiung City, Hualien City, Taitung City and Miaoli.   

About Avis

Avis Car Rental operates one of the world's best-known car rental brands with approximately 5,200 locations in more than 165 countries. Avis has a long history of innovation in the car rental industry and is one of the world's top brands for customer loyalty. Avis is owned by Avis Budget Group, Inc. (Nasdaq:CAR), which operates and licenses the brand throughout the world.  For more information, visit www.avis.com.

The Avis Car Rental logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11593

CONTACT: Alice Pereira
973.496.6113
alice.pereira@avisbudget.com

Avis Car Rental Logo

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