Thrifty Car Rental 2006 Annual Report Download - page 79

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20. SUBSEQUENT EVENTS
On February 1, 2007, the Company announced the acquisition of its Thrifty franchisee in Seattle,
Washington, and Portland, Oregon. Additionally, on March 1, 2007, the Company announced the
acquisition of its Thrifty franchisee in Pittsburgh, Middletown/Harrisburg, Allentown and Erie,
Pennsylvania, and its Dollar franchisee in Middletown/Harrisburg and Allentown, Pennsylvania.
On February 12, 2007, the Company entered into a waiver agreement to the Revolving Credit
Facility due to the Company’s prior announcement regarding non-reliance on previously issued
financial statements. The Company filed a Form 10-K/A for 2005 and a Form 10-Q/A for each
quarter of 2006 on February 26, 2007 to restate its financial statements.
In February 2007, the Company announced it had signed an agreement to outsource a portion of its
reservation call center transactions to PRC, a global leader in the field of outsourcing call centers,
during the second quarter of 2007.
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