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Press Releases

"Connect by Hertz" Drives Onto Manhattan's Seward Park Co-op

PARK RIDGE, NJ, Feb 18, 2010 (MARKETWIRE via COMTEX) -- As part of its expansion throughout New York City, Connect by Hertz, Hertz's global car sharing club, has signed an agreement with Seward Park Co-op to provide car sharing services to the building's residents. Cars will be placed at the Seward Park complex providing residents with an environmentally friendly, economical alternative to car ownership and a solution for short-term transportation needs. The effort underscores Hertz's commitment to aggressively expand its car sharing club throughout New York City.

Robert Stuart, Senior Vice President, Global Sales, said, "Car sharing is an environmentally friendly mode of transportation especially suited for city dwellers. With more than 4000 residents, Seward Park Co-op, the largest cooperative in New York, is a natural fit for Connect by Hertz. By placing cars at Seward Park, we're providing a cost-effective travel option for its residents while enhancing the corporation's commitment to the environment."

Located on the Lower East Side of Manhattan, Seward Park Co-op is one of the largest free market co-ops in Manhattan with more than 1700 apartments, approximately 50 commercial tenants, 13 acres of land and more than 4000 residents. Celebrating its 50th year, Seward Park has a strong commitment to the environment, working with Comverge and the Clean Energy Network NY, and is in the process of opening a green market on Hester Street.

Two EPA SmartWay(R) certified cars have been placed at Seward Park and will be available for use 24/7. Cars are available to all resident members of Connect by Hertz with gas, maintenance, insurance and parking included in the low, hourly rate. Hertz was selected by Seward Park for its advanced technology, solid infrastructure and quality vehicles and Hertz's history of providing superior customer service.

Connect by Hertz uses the latest in end-to-end telematics to provide superior customer service. Members enroll online where they can retrieve invoices and access their driving history. After reserving, an email confirmation and text message indicating the car's license plate and location is sent to the member. To unlock and engage the vehicle, members simply swipe their Connect card over the car's identification reader. In car, a hands-free audio kit connects members to a Member Care Center representative should they have questions, need assistance or need to extend their rental. Cars are also equipped with iPod connectivity and NeverLost(R) in-car navigation system.

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc. (NYSE: HTZ), is the world's largest general use car rental brand, operating from approximately 8,100 locations in 146 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 78 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 Prestige, Fun and Green Collections, set Hertz apart from the competition. 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 through approximately 325 branches in the United States, Canada, China, France, and Spain.

SOURCE: The Hertz Corporation