NEW YORK, March 23, 2015 /PRNewswire/ -- Localiza Rent a
Car S.A. (BM&FBovespa: RENT3 and OTCQX: LZRFY) based
in Brazil, today
announced that Maria Costa,
Investor Relations Manager, will present at the dbVIC – Deutsche
Bank ADR Virtual Investor Conference. This virtual investor
conference is aimed exclusively at introducing Global companies
with American Depositary Receipts programs to US investors.
DATE: March 26, 2015
TIME: 12:15 PM EDT
LINK: www.adr.db.com/dbvic
This will be a live, interactive online event where investors in
the US are invited to ask international companies their questions
in real-time and to download a company's information from their
"virtual trade booth" in the Exhibits section. If attendees are not
able to join the event live on the day of the conference, an
on-demand archive will be available for 90 days.
Participation is free of charge.
It is recommended that investors pre-register to save time and
receive event updates.
About Localiza Rent a Car S.A.
(BM&FBovespa:
RENT3 and OTCQX: LZRFY)
Localiza Rent a Car S.A. was founded in 1973 and is
headquartered in Belo Horizonte,
Brazil.
The Company is the largest car rental network in South America in number of branches, with 540
car rental branches across nine countries, of which 304 are
operated by Localiza and 236 by franchisees. On December 31, 2014, the Platform had a fleet of
125,224 cars, being 111,885 owned cars and 13,339 cars of its
franchisees. Localiza Rent a Car S.A. and its subsidiaries engage
in renting cars and fleets in Brazil and in South
America. The Company rents cars (Car Rental Division) in
branches located in airports and off airport locations. Rentals are
carried out by companies, individuals on business or leisure trips,
as well by insurance companies and automakers which offer
replacement cars to their customers in the case of accidents or
mechanical breakdowns during the term of the insurance policy or
warranty, respectively. The Fleet Rental Division rents fleet to
companies based on long-term contracts (usually 24 or 36 months).
Its fleet is customized according to the needs and requests of its
customers, thus being more diversified in terms of models, colors
and brands than the fleet of the Car Rental Division.
Due to the constant need for fleet renewal, Localiza disposes
the cars used in Car Rental Divison after 12 months of use or if
the mileage is too high for rental purposes and disposes the cars
used in Fleet Rental Division at the end of the contracts.
Most of the cars are sold directly to final consumers through its
used car sales lots, aiming to avoid intermediation costs in the
sale of used cars.
Disclaimer:
The material presented is a presentation of general
background information about LOCALIZA as of the date of the
presentation. It is information in summary form and does not
purport to be complete. It is not intended to be relied upon as
advice to potential investors. This presentation is strictly
confidential and may not be disclosed to any other person. No
representation or warranty, express or implied, is made concerning,
and no reliance should be placed on, the accuracy, fairness, or
completeness of the information presented herein.
This presentation contains statements that are
forward-looking within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Such forward-looking statements are only projections and are not
guarantees of future performance. Investors are cautioned that any
such forward-looking statements are and will be, as the case may
be, subject to many risks, uncertainties and factors relating to
the operations and business environments of LOCALIZA and its
subsidiaries that may cause the actual results of the companies to
be materially different from any future results expressed or
implied in such forward-looking statements.
Although LOCALIZA believes that the expectations and
assumptions reflected in the forward-looking statements are
reasonable based on information currently available to LOCALIZA's
management, LOCALIZA cannot guarantee future results or events.
LOCALIZA expressly disclaims a duty to update any of the
forward-looking statement.
Securities may not be offered or sold in the United States unless they are registered
or exempt from registration under the Securities Act of 1933. Any
offering of securities to be made in the
United States will be made by means of an offering
memorandum that may be obtained from the underwriters. Such
offering memorandum will contain, or incorporate by reference,
detailed information about LOCALIZA and its business and financial
results, as well as its financial statements.
This presentation does not constitute an offer, invitation or
solicitation of an offer to subscribe to or purchase any
securities. Neither this presentation nor anything contained herein
shall form the basis of any contract or commitment
whatsoever.
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SOURCE Localiza Rent a Car S.A.