|January 09, 2004|
Payless Car Rental Achieves Significant Global Growth In 2003
|Through aggressive franchise expansion, acquisition of an additional corporate store and a strategic alliance with Europe's largest car rental provider, Payless Car Rental System, Inc. achieved significant growth in 2003. |
Payless signed five international franchise agreements in 2003 expanding its market presence to service; Jamaica, Republic of Panama, Guatemala, Dominican Republic and Malta. A master license agreement with Rodoslease provided the rights to develop car rental locations throughout Greece with recent expansion into Athens.
North American market expansion includes Seattle, San Diego, Fresno, Jacksonville, and Huntsville. A Payless Car Rental Atlanta corporate store will open in January 2004 to serve as a showroom for products and services for new franchise prospects. "Corporate stores offer an environment for training and product testing to support expansion efforts and our ability to remain innovative and responsive to the challenges of today's market," said Kathy Johnson, vice president of relationship management, Payless Car Rental System, Inc. Currently, corporate stores are operating in Tampa and Orlando.
Through its partnership with Sixt, Payless has a presence in 60 countries with over 1,400 locations, and a fleet of 110,000 vehicles. The Payless / Sixt partnership significantly increases the Payless brand throughout Europe. Both companies now function as one multi-talented international team with greater efficiency and more availability as a result of the partnership. Reciprocal internet links allow customers to be connected to two powerful worldwide reservation networks to easily secure auto rentals from anywhere on the globe whether that be through www.PaylessCarRental.com or www.Sixt.com.
Payless Car Rental System, Inc. is a wholly-owned subsidiary of Avalon Global Group, Inc., a Florida-based, privately held company.