Bangkok--18 Jul--BrandComm Consultants Krungthai Car Rent and Leases PLC (KCAR)today announced sales figures in the first quarter of this year were up 29% over the same period last year. The company expressed confidence that the current economic slowdown will not affect its business due to the continuingtransport needs ofstate enterprises and the private sector. However, the company plans to adjust strategy by focusing on client needs while the importation of eco-car is a highly possible activity. Managing Director of Krungthai Car Rent & Leases Plc, Mr. Pithep Chantarasereekul, disclosed that “the revenue in the first quarter was satisfactory with 282 million baht, a 29%jump over the previous year.” Mr. Pithepsaid that the car rental business was still growing because of the continuous needs for both rental andhire purchase vehicles.The car rental helps clients minimize their expenses with a minimum concern for maintenance cost. In the case of lengthy maintenance services, KCAR provides reserved cars for clients to avoid any disruption in their work flow. Moreover, KCAR’s nationwideauto care centers are fully operational 7 days, 24 hours. With two decades of business experience, Krungthai Car Rent & Leases Plc. is one of leading car rental companies in Thailand.In addition, KCARis the only Thai car rental company listed in the Stock Exchange of Thailand. The new generations of executives make KCAR presently outstanding car rental company. Mr. Pitheppaid tribute to the company’s new generation of executives, who have made KCAR what it is today — an outstanding car rental company. “KCAR has never stopped to develop its organizational base, executives or even services for that matter. We have experienced executives, modern and full-service auto care centers including the utilization of IT technology to create data precision and other related information. We adjust business strategies as necessary to meet client needs, which also allow us to contribute to their own business success.” Regarding planned moves by Honda Motors and Nissan Motors, Japan’s second and third largest carmakers respectively, to seek licenses to set up eco-car plants in Thailand,the KCAR Managing Director KCAR expressed support for the interest. “I agree with the concept of importing eco-cars to Thailand. It does not only save money but also responds to increasing global demand for vehicles that consume less fuel or use hybrid technology due to soaring gasoline prices. The eco-car saves fuel as well as the environment. Most importantly, it can solve the global warming problem. These reasons dramatically encourage the rental business’s consideration to import eco-cars. I strongly believe that the consideration will be easily decided on after clear tax measures from a stable government.” “The car rental concept has changed; people renting cars realize the importance of fuel savings, environmental care and the increasing fear from the global warming problem. KCAR is therefore preparing to import fuel—efficient cars in response to the needs of a bright future,” added Mr. Pithep. For more information, please contact: BrandComm Consultants Co., Ltd. Khun Pailin Buranamittranond / Khun Patcharee Lae-Ya / KhunSaovarin Thongthad Tel. 02 645 0171 (32 lines) Fax. 02 645 0170