cheap car rental calgary airport

cheap car rental calgary airport
LOS ANGELES - (BUSINESS WIRE) - August 29, 2002

Car Rental Direct, Inc. (OTCBB: CRDH), the fast growing automobile rental subsidiary of MAII Holdings, Inc. (OTCBB: MAII), announced that it has completed an agreement concluded in May 2002 to acquire substantially all assets of the operating system a discount Rent-A-Car franchisee in the greater Phoenix / Scottsdale, as previously announced. The closure was subject to the obtaining of permits and specific tasks, and other standard conditions that were not met.

Most Popular Articles in Business
Research and Markets: Tesco Plc - SWOT Framework Analysis
Us a Flavor - Ben & Jerry's a Call for Euphoric New Flavors
eBay made easy: ready to start an eBay business? These 5 simple steps will ...
Katrina's lawsuit growth: a legal battle for the insurers to pay for flood ...
Wal-Mart's newest distribution center opened last month near the southwest ...
More »

Display

"We were unable to find the necessary tasks and consent of certain creditors to conclude this transaction, and beyond, as part of our due diligence we discovered that we have new debts are not willing to assume," ", said Chris Tyler, CEO and Chairman of Holdings and MAII Car Direct. Mr. Tyler continued, "Our business is currently very good and we are about to enter in the discipline, extraordinary transactions and the limitation of any new debt. It is simply not sensible for us to this transaction. However, we intend to grow our presence in Phoenix / Scottsdale through the opening and / or acquisition of additional locations. ""

About MAII Holdings, Inc. and Rent Direct Holdings, Inc.

A management team leads MAII Holdings, Inc. with expertise in mergers and acquisitions and business development. The company focuses on the growth and management of specialized early technologies, consumer and business-to-business markets. A wholly owned subsidiary, Car Rental Direct, Inc., will act as a leader in the replacement segment of the automobile rental industry, providing vehicles for businesses and consumers about the short-and long-term leases.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information in this press release (as well as information in oral statements or other written statements or by MAII Holdings, Inc.) contains statements, and other matters , the forward-looking statements. Such forward-looking information with important risks and uncertainties that have considerable impact on the expected results in the future and, accordingly, actual results may differ materially from those in any forward-looking statements, which MAII Holdings, Inc. For a description of additional risks and uncertainties, please contact the MAII Holdings, Inc. registration with the Securities and Exchange Commission, including MAII Holdings, Inc. 's Form 10-K.