Category: Press Release

PARK RIDGE, N.J., Feb. 28, 2012 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) (the "Company") announced today that its wholly-owned subsidiary, The Hertz Corporation ("Hertz"), intends to offer $250millionaggregate principal amount of 6.75% Senior Notes due 2019 (the "Notes") in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), subject to market and other conditions. The Notes are expected to constitute a further issuance of, will be fungible with and will be consolidated and form a single series with the $1 billion aggregate principal amount of 6.75% Senior Notes due 2019 issued by Hertz on February 8, 2011 and March 21, 2011 (the "Outstanding Notes"), except that (1) the Notes will be subject to a separate registration rights agreement and (2) until such time as the Notes are exchanged for registered notes, the Notes will have a separate CUSIP number from that of the Outstanding Notes. The Notes will pay interest semi-annually in arrears. The Notes are expected to be guaranteed on a senior unsecured basis by the domestic subsidiaries of Hertz that guarantee its senior credit facilities.

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Hertz intends to use the proceeds from the issuance of the Notes to (1) redeem all of its outstanding 8.875% Senior Notes due 2014 and (2) together with cash on hand, redeem all of its outstanding 7.875% Senior Notes due 2014.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes and the guarantees or any other securities, nor will there be any sale of the Notes or any other securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The Notes and the guarantees will be issued in reliance on the exemption from the registration requirements provided by Rule 144A under the Securities Act and, outside of the United States, only to non-U.S. investors pursuant to Regulation S under the Securities Act. None of the Notes and the guarantees has been registered under the Securities Act or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

ABOUT THE COMPANY

Hertz is the largest worldwide airport general use car rental brand, operating from approximately 8,500 corporate and licensee locations in approximately 150 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the number one airport car rental brand in the U.S. and at 119 major airports in Europe. In addition, the Company has sales and marketing centers in 60 countries which promote Hertz business both within and outside such country. Product and service initiatives such as Hertz Gold Choice, Hertz #1 Club Gold®, NeverLost® customized, onboard navigation systems, Sirius XM Satellite Radio, and unique cars and SUVs offered through the Company’s Adrenaline Prestige and Green Traveler Collections, set Hertz apart from the competition. In 2008, the Company entered the global car sharing market with its service now referred to as Hertz On Demand which rents cars by the hour and/or by the day, at various locations in the U.S., Canada and Europe. Hertz also operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of rental equipment, from small tools and supplies to earthmoving equipment, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers, from approximately 315 branches in the United States, Canada, China, France, Spain, Italy and Saudi Arabia, as well as through its international licensees. Hertz also owns Donlen Corporation, based in Northbrook, Illinois, which is a leader in providing fleet leasing and management services.

Cautionary Note Concerning Forward-Looking Statements

Certain statements contained in this press release include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include information concerning the Company’s outlook, anticipated revenues and results of operations, as well as any other statement that does not directly relate to any historical or current fact. These forward-looking statements often include words such as "believe," "expect," "project," "anticipate," "intend," "plan," "estimate," "seek," "will," "may," "would," "should," "could," "forecasts" or similar expressions. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors that the Company believes are appropriate in these circumstances. The Company believes these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and the Company’s actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative.

Among other items, such factors could include: the effect of the debt markets on the offering; our ability to obtain regulatory approval for and to consummate an acquisition of Dollar Thrifty Automotive Group; the risk that expected synergies, operational efficiencies and cost savings from the Dollar Thrifty acquisition may not be fully realized or realized within the expected time frame; the operational and profitability impact of divestitures that may be required to be undertaken to secure regulatory approval for an acquisition of Dollar Thrifty; levels of travel demand, particularly with respect to airline passenger traffic in the United States and in global markets; significant changes in the competitive environment, including as a result of industry consolidation, and the effect of competition in our markets, including on our pricing policies or use of incentives; occurrences that disrupt rental activity during our peak periods; our ability to achieve cost savings and efficiencies and realize opportunities to increase productivity and profitability; an increase in our fleet costs as a result of an increase in the cost of new vehicles and/or a decrease in the price at which we dispose of used vehicles either in the used vehicle market or under repurchase or guaranteed depreciation programs; our ability to accurately estimate future levels of rental activity and adjust the size of our fleet accordingly; our ability to maintain sufficient liquidity and the availability to us of additional or continued sources of financing for our revenue earning equipment and to refinance our existing indebtedness; safety recalls by the manufacturers of our vehicles and equipment; a major disruption in our communication or centralized information networks; financial instability of the manufacturers of our vehicles and equipment; any impact on us from the actions of our licensees, franchisees, dealers and independent contractors; our ability to maintain profitability during adverse economic cycles and unfavorable external events (including war, terrorist acts, natural disasters and epidemic disease); shortages of fuel and increases or volatility in fuel costs; our ability to successfully integrate acquisitions and complete dispositions; our ability to maintain favorable brand recognition; costs and risks associated with litigation; risks related to our indebtedness, including our substantial amount of debt and our ability to incur substantially more debt and increases in interest rates or in our borrowing margins; our ability to meet the financial and other covenants contained in our senior credit facilities, our outstanding unsecured senior notes and certain asset-backed and asset-based funding arrangements; changes in accounting principles, or their application or interpretation, and our ability to make accurate estimates and the assumptions underlying the estimates, which could have an effect on earnings; changes in the existing, or the adoption of new laws, regulations, policies or other activities of governments, agencies and similar organizations where such actions may affect our operations, the cost thereof or applicable tax rates; changes to our senior management team; the effect of tangible and intangible asset impairment charges; the impact of our derivative instruments, which can be affected by fluctuations in interest rates and commodity prices; and our exposure to fluctuations in foreign exchange rates. Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

The Company therefore cautions you against relying on these forward-looking statements. All forward-looking statements attributable to the Company or persons acting on the Company’s behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward‑looking statements, whether as a result of new information, future events or otherwise.

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Feb. 28, 2012 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) (the "Company") announced today that its wholly-owned subsidiary, The Hertz Corporation ("Hertz"), had entered into an agreement to sell $250 million aggregate principal amount of 6.75% Senior Notes due 2019 (the "Notes") in a private offering (the "Offering") exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). Giving effect to the issue price, the Notes will yield 6.049% to maturity. The Notes are expected to constitute a further issuance of, will be fungible with and will be consolidated and form a single series with the $1 billion aggregate principal amount of 6.75% Senior Notes due 2019 issued by Hertz on February 8, 2011 and March 21, 2011 (the "Outstanding Notes"), except that (1) the Notes will be subject to a separate registration rights agreement and (2) until such time as the Notes are exchanged for registered notes, the Notes will have a separate CUSIP number from that of the Outstanding Notes. The closing of the Offering is expected to occur on or about March 13, 2012, subject to customary closing conditions. The Notes will pay interest semi-annually in arrears. The Notes will be guaranteed on a senior unsecured basis by the domestic subsidiaries of Hertz that guarantee its senior credit facilities.

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Hertz intends to use all of the net proceeds from the issuance of the Notes to (1) redeem all of its outstanding 8.875% Senior Notes due 2014 and (2) together with cash on hand, redeem all of its outstanding 7.875% Senior Notes due 2014.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes and the guarantees or any other securities, nor will there be any sale of the Notes or any other securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The Notes and the guarantees will be issued in reliance on the exemption from the registration requirements provided by Rule 144A under the Securities Act and, outside of the United States, only to non-U.S. investors pursuant to Regulation S under the Securities Act. None of the Notes and the guarantees has been registered under the Securities Act or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

ABOUT THE COMPANY

Hertz is the largest worldwide airport general use car rental brand, operating from approximately 8,500 corporate and licensee locations in approximately 150 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the number one airport car rental brand in the U.S. and at 119 major airports in Europe. In addition, the Company has sales and marketing centers in 60 countries which promote Hertz business both within and outside such country. Product and service initiatives such as Hertz Gold Choice, Hertz #1 Club Gold®, NeverLost® customized, onboard navigation systems, Sirius XM Satellite Radio, and unique cars and SUVs offered through the Company’s Adrenaline Prestige and Green Traveler Collections, set Hertz apart from the competition. In 2008, the Company entered the global car sharing market with its service now referred to as Hertz On Demand which rents cars by the hour and/or by the day, at various locations in the U.S., Canada and Europe. Hertz also operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of rental equipment, from small tools and supplies to earthmoving equipment, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers, from approximately 315 branches in the United States, Canada, China, France, Spain, Italy and Saudi Arabia, as well as through its international licensees. Hertz also owns Donlen Corporation, based in Northbrook, Illinois, which is a leader in providing fleet leasing and management services.

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include information concerning the Company’s outlook, anticipated revenues and results of operations, as well as any other statement that does not directly relate to any historical or current fact. These forward-looking statements often include words such as "believe," "expect," "project," "anticipate," "intend," "plan," "estimate," "seek," "will," "may," "would," "should," "could," "forecasts" or similar expressions. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors that the Company believes are appropriate in these circumstances. The Company believes these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and the Company’s actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative.

Among other items, such factors could include: our ability to successfully close the Offering, including by satisfying the closing conditions to the Offering; our ability to obtain regulatory approval for and to consummate an acquisition of Dollar Thrifty Automotive Group; the risk that expected synergies, operational efficiencies and cost savings from the Dollar Thrifty acquisition may not be fully realized or realized within the expected time frame; the operational and profitability impact of divestitures that may be required to be undertaken to secure regulatory approval for an acquisition of Dollar Thrifty; levels of travel demand, particularly with respect to airline passenger traffic in the United States and in global markets; significant changes in the competitive environment, including as a result of industry consolidation, and the effect of competition in our markets, including on our pricing policies or use of incentives; occurrences that disrupt rental activity during our peak periods; our ability to achieve cost savings and efficiencies and realize opportunities to increase productivity and profitability; an increase in our fleet costs as a result of an increase in the cost of new vehicles and/or a decrease in the price at which we dispose of used vehicles either in the used vehicle market or under repurchase or guaranteed depreciation programs; our ability to accurately estimate future levels of rental activity and adjust the size of our fleet accordingly; our ability to maintain sufficient liquidity and the availability to us of additional or continued sources of financing for our revenue earning equipment and to refinance our existing indebtedness; safety recalls by the manufacturers of our vehicles and equipment; a major disruption in our communication or centralized information networks; financial instability of the manufacturers of our vehicles and equipment; any impact on us from the actions of our licensees, franchisees, dealers and independent contractors; our ability to maintain profitability during adverse economic cycles and unfavorable external events (including war, terrorist acts, natural disasters and epidemic disease); shortages of fuel and increases or volatility in fuel costs; our ability to successfully integrate acquisitions and complete dispositions; our ability to maintain favorable brand recognition; costs and risks associated with litigation; risks related to our indebtedness, including our substantial amount of debt and our ability to incur substantially more debt and increases in interest rates or in our borrowing margins; our ability to meet the financial and other covenants contained in our senior credit facilities, our outstanding unsecured senior notes and certain asset-backed and asset-based funding arrangements; changes in accounting principles, or their application or interpretation, and our ability to make accurate estimates and the assumptions underlying the estimates, which could have an effect on earnings; changes in the existing, or the adoption of new laws, regulations, policies or other activities of governments, agencies and similar organizations where such actions may affect our operations, the cost thereof or applicable tax rates; changes to our senior management team; the effect of tangible and intangible asset impairment charges; the impact of our derivative instruments, which can be affected by fluctuations in interest rates and commodity prices; and our exposure to fluctuations in foreign exchange rates. Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

The Company therefore cautions you against relying on these forward-looking statements. All forward-looking statements attributable to the Company or persons acting on the Company’s behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward‑looking statements, whether as a result of new information, future events or otherwise.

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Feb. 8, 2012 /PRNewswire/ — The Hertz Corporation (NYSE:HTZ) and Hertz Global EV are implementing the first wireless charging system for electric vehicles (EVs) in the car rental industry. Hertz has the most diverse fleet of EVs for both rental and carshare.

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"Hertz is committed to its Global EV program, introducing electric vehicles into our rental fleet on three continents – North America, Asia and Europe," commented Mark P. Frissora, Hertz Chairman and Chief Executive Officer. "We’re excited to participate in Plugless Power’s pilot program so that we can be on the ground floor of this new technology; learning key findings about EV wireless charging. As we move forward our goal is to have a variety of charging options for EV customer use, aligned with the charging equipment installed by EV manufacturers."

The trial, the first of its kind in the world, will help to establish the United States as the EV market leader. The trial will follow Hertz, and leaders from five other industry segments, as they trial Plugless Power systems on their own electric vehicles. Participants will provide feedback on daily usage routines, user interfaces, and any additional functionality needed. The Plugless Power system is supplied by Evatran based in Virginia.

Installation at Hertz’s corporate headquarters will be completed in February 2012.

Hertz is the first car-rental company to deploy EVs and PHEVs (plug-in hybrid electric) on three continents — in the U.S. (available to the public in New York, Washington, D.C. and San Francisco), the U.K. (available in London), and China (available in Shanghai). As the world’s largest airport general-use car-rental brand, Hertz is introducing multiple groups of consumers – urban drivers, university students, travelers and corporations – to all-electric and plug-in hybrid vehicles. As a result, the company is forming partnerships with automakers, charging-station providers (e.g., GE), municipalities, non-governmental organizations, corporations and other stakeholders to make EVs easily accessible to consumers.

Hertz plans to increase its global EV presence by deploying vehicles in other countries in the coming months. Hertz Global EV will continue to leverage the company’s rental and car sharing locations as bases for vehicles and charging stations, and tap into its technology – including sophisticated fleet management tools and consumer-facing GPS systems, including Hertz NeverLost in the U.S. – to help form an EV grid.

Plugless Power™, developed by Evatran™, is the first electric vehicle (EV) charging system on the market to offer customers a simple way to charge their EVs with the ease of hands-free technology. Utilizing inductive power transfer, which has been used in electrical transformers for more than 100 years, Plugless Power streamlines the charging of electric vehicles by eliminating the cord and the plug. In addition to aftermarket distribution, Evatran is currently working with automotive manufacturers to integrate the Plugless Power technology into mass-market EVs as a factory or dealership option. For more information, visit www.pluglesspower.com.

About Hertz
The Hertz Corporation — a subsidiary of Hertz Global Holdings, Inc. — is the world’s largest general use car rental brand, operating from approximately 8,000 locations in approximately 150 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 94 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Asia, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa and the Middle East. Product and service initiatives such as Hertz #1 Club Gold(R), NeverLost(R) customized, onboard navigation systems, SIRIUS XM Satellite Radio, and unique cars and SUVs offered through the Company’s Adrenaline and Green Traveler Collections, set Hertz apart from the competition. In 2008, the Company entered 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 from approximately 320 branches in the United States, Canada, France, Spain, Italy, China and Saudi Arabia, as well as through its international licensees.

To make car rental reservations or for more information, customers can call their travel agent, or call Hertz toll-free at 1-800-654-3131. Information and reservations are also available on the web at www.hertz.com.

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Feb. 8, 2012 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ), the parent company of The Hertz Corporation, the world’s largest general use airport car rental company and a leading equipment rental company in the United States and Canada, today announced plans to hold a conference call to discuss its 2011 fourth quarter and full year earnings results.

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The call will be held on Thursday, February 23rd, at 10:00 a.m. ET and will remain available for audio replay one hour following the conclusion of the call until March 8th.

A press release detailing the company’s financial results will be issued after market close on Wednesday, February 22, 2012.

This call will also be available through a live audio webcast. This webcast can be accessed through a link on the Investor Relations section of the Hertz website, www.hertz.com/investorrelations, and will remain available for replay.

About Hertz
Hertz is the largest worldwide airport general use car rental brand operating from approximately 8,500 locations in approximately 150 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at approximately 94 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Asia, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa and the Middle East. In addition, Hertz operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of rental equipment, including tools and supplies, and new and used equipment for sale from approximately 320 branches in the United States, Canada, France, Spain, Italy, China and Saudi Arabia, as well as through its international licensees. In late 2008, Hertz introduced a global car-sharing service, now referred to as Hertz On Demand, where customers can rent by the hour from various locations in the U.S., Canada and Europe. Hertz also owns Donlen Corporation, based in Northbrook, Illinois, which is a leader in fleet leasing and management services.

To make car rental reservations or for more information, customers can call their travel agent, or call Hertz toll-free at 1-800-654-3131. Information and reservations are also available on the web at www.hertz.com. For information on Hertz Equipment Rental, visit the company on the web at www.hertzequip.com.

SOURCE Hertz Global Holdings, Inc.

PARK RIDGE, N.J., Feb. 2, 2012 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ) today announced the expansion of its car sharing fleet in the greater Washington, D.C. Metropolitan Area, growing its car sharing program, Hertz On Demand in the nation’s capital. With a range of cars – from electric vehicles, available at Union Station, and compacts to sedans and SUVs – available both in parking garages, outdoor spaces and in 23 on-street parking spots, the Hertz On Demand fleet in metro Washington, D.C. will be one of the largest and most diverse in the District.

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"By making vehicles readily available in more locations, Hertz On Demand is making car sharing more convenient and accessible to Washington, D.C. residents, visitors and workers," commented Mark P. Frissora, Chairman and Chief Executive Officer of Hertz. "Hertz On Demand is free to join with no annual, membership or late fees. Our member benefits, which far exceed those of our competitors, coupled with our selection of cars really enables members to specifically choose the car they want for the trip they are taking."

Hertz On Demand vehicles will be available in all 8 Wards of the District including Union Station, Adams Morgan, Connecticut Avenue NW, Pennsylvania Avenue SE, Anacostia, H St. NE, Logan Circle, Dupont Circle, Columbia Heights, Takoma, Cleveland Park, Friendships Heights, Georgetown, and South Capitol Street. As the program expands, additional locations will be opened throughout the city and surrounding suburbs, including Virginia and Maryland.

Local residents and visitors can sign up online, and start reserving cars from one of Hertz On Demand’s locations to experience the enhanced member benefits offered by the car sharing club, including:

• Free membership. Hertz On Demand has no enrollment fee or annual membership fee, and offers low hourly and daily rates.
• Rental fleet options will include the Nissan Altima, Mercedes C300, Mitsubishi Endeavor, Cadillac CTS, Fiat 500, Chevy Cruze, Chevy Malibu, Mazda 2, Mazda 3 and Jeep Patriot. All-electric and plug-in hybrid cars, including the smart fortwo electric drive and Nissan LEAF, are also available at Union Station as part of the Hertz Global EV program.
• 180 miles a day(1), gas and insurance included in rates.
• Daily rates on Hertz rental car for longer trips; Ability to rent a car for up to 30 days.
• Unparalleled member service including 24/7 live, in-car assistance from a team of Hertz Member Care experts.
• No late fees. Hertz On Demand members will not receive punitive charges/late fees for the late return of a vehicle.(2)

Hertz On Demand provides an economical, convenient and socially conscious alternative to car ownership. The service is a pay-as-you-go system, providing members with 24/7 access to vehicles strategically located throughout their city. It has approximately 120,000 members, is available in six countries and on approximately 60 university campuses. Overall, Hertz On Demand offers its members products and services that are unmatched in the car sharing industry, including:

• The elimination of all membership and renewal fees in the U.S. and Europe
• Guaranteed vehicle availability Monday through Thursday in New York City
• One-way car sharing rentals between 175 locations in the Northeast U.S.
• An expanded car sharing fleet with new vehicles added to the service. The U.S. fleet includes luxury cars, including the Cadillac Escalade Hybrid, Buick Enclave and GMC Acadia; and cars suitable for moving, including the Ford Transit Connect and the Nissan Titan pick-up truck. Additionally, a variety of electric vehicles are available at select locations, including the Chevy Volt, Nissan LEAF, and smart fortwo electric drive
• Simplified reservation process. Hertz On Demand has a newly redesigned member website, www.HertzOnDemand.com, with a simplified reservation process, including one way map routing and reservations, enhanced search capabilities, faster page load times and enhanced details about car makes and models
• Unparalleled Member Service. Hertz On Demand’s industry leading, proprietary in-car technology provides members a safe and superior car rental experience. Upon enrolling, members receive a smart chip enabled card which gives them keyless entry to any reserved car. In the vehicle, a hands-free audio kit connects members to an in-house Member Care Center representative – available 24/7, 365 days a year – should they have questions, need assistance or need to extend their reservation. Hertz On Demand is able to "communicate" with the vehicle, enabling representatives to unlock, engage and locate vehicles, and cars are equipped with iPod and Bluetooth connectivity, for hands free driving, as well as EZ Pass transponders.

As the only leading global rent-a-car company to also offer a car club, Hertz is ideally positioned to offer companies tailored solutions which are designed to meet the demands of today’s businesses. Businesses can reduce expenses and control costs by converting fixed fleet costs into variable costs by only paying for per trip usage. Shared cars can be used for professional purposes, including trips to nearby offices and off-site business meetings. Additionally, businesses can give employees a money-saving perk by offering Hertz on Demand cars at work, making cars available for personal usage. Hertz on Demand is able to place cars on corporate sites and also offer corporate members the added benefit of classic rent a car services. Businesses, government entities with fleet operations, and even companies operating residential buildings, such as apartment blocks, can all benefit by offering employees and tenants car sharing services. Hertz on Demand also serves businesses and organizations including Marriott International, and BAA Airports Ltd.

For more information, visit www.HertzOnDemand.com or follow Hertz On Demand on Facebook [www.facebook.com/hertzondemand] or Twitter [www.twitter.com/hertz].

About Hertz On Demand
Hertz on Demand, Hertz’s global car sharing club, has more than 850 vehicles, 120,000 members and more than 250 locations worldwide, including corporate offices and universities. Hertz on Demand offers a variety of vehicles available for online reservation at competitive rates. All cars are equipped with Eileo® technology, and benefits covered by the hourly rate include gas, insurance, GPS turn-by-turn navigation, 24/7 roadside assistance, 24-hour Member Care Center communication, and 180 free miles per day. For more information, visit www.HertzOnDemand.com.

About Hertz
Hertz is the largest worldwide airport general use car rental brand operating from approximately 8,500 locations in approximately 145 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 94 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Asia, Australia and New Zealand. The Company also operates the Advantage car rental brand. In addition, Hertz operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of rental equipment, including tools and supplies, and new and used equipment for sale from approximately 320 branches in the United States, Canada, China, France, Italy, Spain and Saudi Arabia.

For more information, visit www.HertzOnDemand.com or www.hertz.com.

(1) Per 24 hour period

(2) Late returns will only be charged rates for the additional time used in 15 minute intervals (no punitive fees)

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Jan. 19, 2012 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) announced that Hertz Entertainment Services has acquired Cinelease, U.S. market leader in lighting and grip rentals to the television industry, based in Los Angeles, California.

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"With the acquisition of Cinelease, Hertz Entertainment Services becomes the leading provider of lighting and grip rentals to the U.S. television industry, which is one of the fastest growing segments of our economy," commented Mark P. Frissora, Hertz Chairman and Chief Executive Officer. "Cinelease aligns with Hertz’s growth and diversification strategy to meet the equipment rental needs of a broad range of leading industries. The acquisition expands our footprint in another specialty rental market with higher revenue growth and margins, longer rentals and lower seasonal cyclicality. Cinelease will add at least 3% of incremental, inorganic revenue growth to our global equipment rental revenues in 2012, and is both accretive to earnings and cash flow-positive in year one. Additionally, Cinelease will accelerate the growth of our Entertainment Services business because Hertz is uniquely able to bundle a wide variety of products for film and television production companies, from lights, grip, generators, cranes and lifts to the widest selection of rental cars in the industry. Cinelease complements the earlier acquisitions of First Call and 24/7 which also provide rental equipment, including aerial and forklifts, to the entertainment industry."

Lighting and grip rental revenues generated by the U.S. television and motion picture industry are estimated at $600 million annually. It is anticipated that Cinelease will deliver approximately $50 million of new revenues during 2012 as the company is integrated into Hertz Entertainment Services.

Established in 1977 and headquartered in Los Angeles, Cinelease operates from seven locations in Atlanta, Austin, Charlotte, Chicago, Dallas, New Orleans, and Santa Fe. Cinelease is the largest set lighting and grip rental company in the US, offering the highest quality motion picture lighting and professional grip equipment available. Products available for rent include lighting, grip equipment, power distribution, trucks and expendables.

Hertz Equipment Rental Corporation – a wholly owned subsidiary of The Hertz Corporation since 1965 – operates one of the world’s largest equipment rental businesses, offering a diverse line of equipment and tools for rent and sale. Products include aerial manlifts, air compressors and tools, earthmoving equipment and power generators, forklifts and material handling equipment, pumps, and trucks and trailers. Hertz Equipment also offers custom programs and equipment through its specialty service groups; Industrial Plant Services, Pump and Power Services, Aerial Services and Government Services. With approximately 325 locations in the United States, Canada, China and Europe, Hertz Equipment Rental offers daily, weekly, monthly and long-term rentals, tools and supplies, as well as new and used equipment for sale.

The Hertz Corporation is the world’s largest general use car rental brand, operating from approximately 8,500 locations in approximately 150 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 94 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Asia, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa and the Middle East. Product and service initiatives such as Hertz Gold Plus Rewards®, NeverLost® customized, onboard navigation systems, SIRIUS XM Satellite Radio, and unique cars and SUVs offered through the company’s Prestige, Adrenaline and Green Traveler Collections, set Hertz apart from the competition. Hertz also owns Donlen Corporation, based in Northbrook, Illinois, which is a leader in fleet leasing and management services.

For more information about Hertz Equipment, visit the company online at www.hertzequip.com.

SOURCE Hertz Global Holdings, Inc.

PARK RIDGE, N.J., Jan. 18, 2012 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ) and Live Nation Entertainment (NYSE: LYV), today launched the first consumer promotion as part of the Hertz Movin’ with Music platform – the Hertz "Ticket to Ride" contest* (www.Facebook.com/Hertz). To further fuse the music and driving experience, Hertz "Ticket to Ride" gives music fans a unique opportunity to get up close and personal with their favorite artists by showing fan passion via social media. The Grand Prize is a trip for two, including a free Hertz Car Rental, to meet and interview the contemporary soul band, Fitz and the Tantrums.

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"We are making the Hertz brand synonymous with music, a strong passion point for consumers which goes hand-in-hand with cars and the driving experience," says Hertz Chairman and Chief Executive Officer, Mark P. Frissora. "Through our Movin’ with Music platform, we are making this happen with interactive programs, like the Hertz ‘Ticket to Ride’ contest, that engage with music fans and tie Hertz to today’s consumers."

To enter the Hertz "Ticket to Ride" Contest, fans must "Like" the Hertz Facebook page (www.Facebook.com/Hertz), and follow the directions on the Hertz "Ticket to Ride" Contest tab, which include:

1. Upload a favorite vacation or road trip photo
2. Select a version of the Hertz mascot, Horatio, to add to the photo
3. Submit the photo for consumer voting
4. Share the selected photo submission with up to four friends on Facebook to encourage voting

The Grand Prize winner, selected by consumer vote, will receive a trip for two, including round-trip airfare, hotel, and a free Hertz rental to meet and interview the band Fitz and the Tantrums. Two second prize winners will receive Live Nation Concert Cash (value: $125.00) to buy tickets to a concert of choice plus a free Hertz rental, and all entrants are eligible for up to $25 off a Hertz rental. The contest is open to U.S. residents who are 20 years of age or older at the time of entry, and there is no purchase necessary to win. For full contest rules/regulations, please visit: www.Facebook.com/Hertz.

A three-pronged program, Hertz ‘Movin’ with Music’ includes the Live Nation alliance which encompasses numerous multi-faceted consumer engagement programs, the introduction later in 2012 of Hertz Live Radio which will be streamed at Hertz facilities and on Hertz buses, and the Hertz Music Store where Hertz Gold Plus Rewards members will be able to use their reward points to acquire music online.

Hertz is the official rental car partner for Live Nation, reaching millions through the experience of live music. The Hertz "Ticket to Ride" Contest is Hertz’s first promotional activity rolling out in 2012 geared at connecting music fans with their favorite artists.

* Visit www.Facebook.com/Hertz for contest rules/eligibility.

About Hertz:

Hertz is the largest worldwide airport general use car rental brand operating from more than 8,500 locations in approximately 145 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 94 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Asia, Australia and New Zealand. The company also operates the Advantage car rental brand at 26 airports in the U.S. In addition, Hertz operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of rental equipment, including tools and supplies, and new and used equipment for sale from approximately 320 branches in the United States, Canada, China, France, Italy, Spain and Saudi Arabia. In late 2008, Hertz introduced a global car-sharing service, Hertz On Demand, where customers can rent by the hour from various locations in the U.S., Canada and Europe. Hertz also owns Donlen Corporation, based in Northbrook, Illinois, which is a leader in fleet leasing and management services. For more information, please see www.hertz.com.

www.hertz.com
www.facebook.com/hertz

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Jan. 9, 2012 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ), the world’s largest general use car rental brand, won Travel Weekly’s Ninth Annual Readers’ Choice Awards for Best Domestic and Best International Car Rental Company, for the ninth consecutive and eighth year, respectively. These were 2 of 25 awards won by Hertz during 2011 based on traveler and agent input.

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"It is an honor to end 2011 with awards bestowed on Hertz by our travel agent partners and business travelers," commented Mark P. Frissora, Hertz Chairman and Chief Executive Officer. "Winning 25 awards in 2011 is an accomplishment we’re proud to have achieved. These awards are a testament to our intense focus on providing superior customer service as well as the new and innovative customer programs we’ve launched recently. These programs include Hertz Gold Plus Rewards, our virtual rental kiosks, and our eReturn program for Gold members. We will continue to lead the industry by launching additional customer service-oriented initiatives in 2012."

The reader survey, conducted annually, evaluates an array of companies in diverse travel industry sectors and is presented to suppliers considered by Travel Weekly readers to have excelled in product and service delivery during the prior year.

These latest awards complement the vast array of honors achieved by Hertz during 2011, including being named, for the seventh consecutive year, as the "Best Car Rental Company" by TTG Asia; awarded the Travel Star Award for "Best Car Rental Company" by Travel Inside; and receiving, for the 12th consecutive time, TTG Czech Republic‘s award for "Best Car Rental Company." Additionally, Hertz was named by TravelAge West "Car Rental Company Providing the Best Travel Agent Support", and the U.K.-based readers of Business Traveller magazine named Hertz the "Best Car Rental Company in North America."

Operating one of the youngest and most diverse fleets in the industry, Hertz is committed to offering its customers the utmost in speed and ease, coupling technological innovations with personalized service. New initiatives launched in 2011 include the new Adrenaline and Green Traveler Collections, the most flexible and rewarding loyalty program in the industry, Hertz Gold Plus Rewards, and the introduction of self service, interactive kiosks and eReturn capabilities.

About Hertz

The Hertz Corporation — a subsidiary of Hertz Global Holdings, Inc. — is the world’s largest general use car rental brand, operating from approximately 8,000 locations in approximately 150 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 94 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Asia, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa and the Middle East. Product and service initiatives such as Hertz #1 Club Gold(R), NeverLost(R) customized, onboard navigation systems, SIRIUS XM Satellite Radio, and unique cars and SUVs offered through the Company’s Adrenaline and Green Traveler Collections, set Hertz apart from the competition. In 2008, the Company entered 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 from approximately 315 branches in the United States, Canada, France, Spain, Italy, China and Saudi Arabia, as well as through its international licensees.

To make car rental reservations or for more information, customers can call their travel agent, or call Hertz toll-free at 1-800-654-3131. Information and reservations are also available on the web at www.hertz.com.

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Jan. 5, 2012 /PRNewswire/ — Hertz Global Holdings, Inc. (NYSE: HTZ) announced that Hertz Equipment Rental Corporation (HERC) has acquired DW Pumps, a leading pump rental company in Northern California.

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"With the acquisition of DW Pumps, HERC continues its diversification strategy of expanding into specialty services and products for a broad range of equipment rental customers," commented Mark P. Frissora, Hertz Chairman and Chief Executive Officer. "DW Pumps specializes in providing pump solutions for industrial, municipal and construction customers on the West coast."

The pump product and service market is estimated at $600 million in the U.S., and it is anticipated that DW Pumps will generate approximately $6 million in new revenues for HERC during 2012 which will quickly exceed $10 million as the business is expanded throughout California.

Founded in 2003 and headquartered in San Leandro, Ca., with a second location in Sacramento, DW Pumps has developed a strong market position and diversified customer base in the industrial and construction sector. DW Pumps diversified fleet includes large submersible pumps, diesel auto priming and high pressure pumps, generators, auxiliary fuel tanks, electric transformers, and product accessories.

Hertz Equipment Rental Corporation – a wholly owned subsidiary of The Hertz Corporation since 1965 – operates one of the world’s largest equipment rental businesses, offering a diverse line of equipment and tools for rent and sale. Products include aerial manlifts, air compressors and tools, earthmoving equipment and power generators, forklifts and material handling equipment, pumps, and trucks and trailers. Hertz Equipment also offers custom programs and equipment through its specialty service groups; Industrial Plant Services, Pump and Power Services, Aerial Services and Government Services. With approximately 325 locations in the United States, Canada, China and Europe, Hertz Equipment Rental offers daily, weekly, monthly and long-term rentals, tools and supplies, as well as new and used equipment for sale.

The Hertz Corporation is the world’s largest general use car rental brand, operating from approximately 8,600 locations in 146 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 81 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Asia, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa and the Middle East. Product and service initiatives such as Hertz #1 Club Gold®, NeverLost® customized, onboard navigation systems, SIRIUS XM Satellite Radio, and unique cars and SUVs offered through the company’s Prestige, Fun and Green Collections, set Hertz apart from the competition.

For more information about Hertz Equipment, visit the company online at www.hertzequip.com.

SOURCE The Hertz Corporation

PARK RIDGE, N.J., Jan. 5, 2012 /PRNewswire/ —

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About Hertz

Hertz is the world’s largest general use car rental brand, operating from approximately 8,400 locations in approximately 150 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 94 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Asia, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa and the Middle East. Product and service initiatives such as Hertz #1 Club Gold®, NeverLost® customized, onboard navigation systems, Sirius XM Satellite Radio, and unique cars and SUVs offered through the Company’s Adrenaline, and Green Traveler Collections, set Hertz apart from the competition. In 2008, the Company entered the global car sharing market and now operates in Berlin, London, Madrid, 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 from approximately 315 branches in the United States, Canada, China, France, Spain, Italy and Saudi Arabia, as well as through its international licensees. Hertz also owns Donlen Corporation, based in Northbrook, Illinois, which is a leader in fleet leasing and management services.

To make car rental reservations or for more information, customers can call their travel agent, or call Hertz toll-free at 1-800-654-3131. Information and reservations are also available on the web at www.hertz.com. For information on Hertz Equipment Rental, visit the company on the web at www.hertzequip.com.

SOURCE The Hertz Corporation