Dollar Thrifty Automotive Group Reports Continued NYSE Listing

Tulsa, Okla., /PRNewswire-FirstCall via COMTEX News Network/ -- Dollar Thrifty Automotive Group, Inc. (NYSE: DTG), today announced that the New York Stock Exchange (the "NYSE") has determined not to commence delisting proceedings with respect to Dollar Thrifty's common stock. Dollar Thrifty previously notified the NYSE that it had failed to meet the $25 million minimum market capitalization requirement for the 30-day period ended December 22, 2008.

In advising Dollar Thrifty of its decision, the NYSE recognized the overall decline in trading prices in today's volatile markets. These conditions also recently prompted the NYSE to propose a temporary reduction in the minimum market capitalization requirement to $15 million, which the NYSE expects to be effective until April 22, 2009.

"We are pleased that the NYSE has demonstrated some flexibility on their listing standards during these exceptional times," said Scott Thompson, President and Chief Executive Officer of Dollar Thrifty.

About Dollar Thrifty Automotive Group, Inc.

Dollar Thrifty Automotive Group, Inc. is a Fortune 1000 Dollar Thrifty headquartered in Tulsa, Oklahoma. Driven by the mission "Value Every Time," the Dollar Thrifty's brands, Dollar Rent A Car and Thrifty Car Rental, serve value-conscious travelers in approximately 70 countries. Dollar and Thrifty have over 800 corporate and franchised locations in the United States and Canada, operating in virtually all of the top U.S. and Canadian airport markets. The Dollar Thrifty's approximately 7,000 employees are located mainly in North America, but global service capabilities exist through an expanding international franchise network.

This press release contains "forward-looking statements" about our expectations, plans and performance. These statements do not guarantee future performance and Dollar Thrifty Automotive Group, Inc. assumes no obligation to update them. Risks and uncertainties that could materially affect future results are detailed in the Dollar Thrifty's filings with the Securities and Exchange Commission, such as its annual and quarterly reports and current reports on Form 8-K.

SOURCE: Dollar Thrifty Automotive Group, Inc.

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

Red Mango
Based in Dallas and with more than 300 locations across the U.S., Mexico, El Salvador and Uruguay, Red Mango is a rapidly-expanding retailer of...
School of Rock
With more than a decade of experience and over 170 schools throughout North and South America, Africa and Asia Pacific, School of Rock is the leader...
The Brass Tap
Think of our brand as your neighborhood craft beer bar – only not your typical bar experience. We have optimized each of The Brass Tap’s...
BirthdayPak
BirthdayPak is an award-winning marketing platform that brings local upscale businesses together with their best customers.
Tutor Doctor
Tutor Doctor is revolutionizing the private tutoring industry by helping children achieve their academic goals utilizing a one-to-one tutoring...
Share This Page

Subscribe to Franchising.com Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.