off airport car rentals

off airport car rentals
Car Direct (CRD), the fast growing automobile rental subsidiary of MAII Holdings, Inc. (OTCBB: MAII), has announced that its current 10 million U.S. dollar credit line from Ford Motor Credit Corp., a division of Ford Motor Co. (NYSE: F) up to $ 18 million.

CRD intends to use the credit line to finance the acquisition of additional vehicles for its locations in Los Angeles, San Diego, Las Vegas and Phoenix markets. CRD fleet utilization is in the middle 80% range and the company expects to five more locations in the second quarter of 2002. CRD currently operates 20 locations.

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"We look forward to working with the Ford Motor Credit, to the CRD's fleet, and we appreciate the confidence that the Ford Motor Credit remains in us," says Chris Tyler, Chief Executive Officer of MAII Holdings, Inc. "" This funding keeps us on the path to achieving business CRD target by over 100% sales growth for the calendar year 2002. We are now through the development of the CRD, which was launched in November 1999, and I expect CRD's second quarter 2002 to its first profitable quarter on a stand-alone basis, even if MAII on a consolidated basis is still a small loss for the second quarter. From our establishment in high-growth platform, we expect CRD profits to grow significantly over the next few years. If we can achieve our current business plan, and I expect we will be the operational team of CRD is to create a tremendous value for shareholders MAII. ""

About MAII Holdings, Inc.

MAII Holdings, Inc. is managed by a management team with expertise in business solutions industries. The company focuses on the growth and management of specialized technology companies, consumer and business-to-business markets. A wholly owned subsidiary, Car Rental Direct, is emerging as a leading company in the segment of the replacement car rental industry, the 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.