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Salvage Direct to Sell Vehicles for Avis Budget Group

"This new partnership will benefit our worldwide buyers with more high-quality, rental inventory," said Dan Hoversten, CEO of Salvage Direct, Inc. "We're proud to add Avis and Budget to our rental company partners."

Salvage Direct was founded in 1998 as the first online auction in the total-loss salvage industry. The company's pioneer spirit has lead to growth among buyers and sellers alike. Today, the company auctions cars, trucks, motorcycles, boats, power sports, recreational and commercial vehicles on behalf of its insurance company, finance company, and rental fleet partners. It leads the industry with catastrophic-loss management and insurance auction services.

"Whatever the cause of loss, insurance and rental car companies select Salvage Direct because of its experience, fast-selling cycle times, titling proficiency, worldwide buyers and simple auction site." Bob Joyce, founder of Salvage Direct.

About Avis Budget Group, Inc.

Avis Budget Group is a leading provider of vehicle rental services, with operations in more than 70 countries. Through its Avis and Budget brands, the Company is a leading general-use vehicle rental company in each of North America, Australia, New Zealand and certain other regions based on published airport statistics. Avis Budget Group is headquartered in Parsippany, N.J. and has approximately 24,000 employees. For more information about Avis Budget Group, visit www.avisbudgetgroup.com.

Salvage Direct
Paula Kerr, 814-827-0300 Ext. 5721
paula.kerr@salvagedirect.com