PHH Arval announced it was named one of the "100 Best Places to Work in Information Technology" in IDG's Computerworld 2003 survey

of US-based companies and major consulting firms. PHH was ranked 14th

overall in the list of 100 top companies.

Timothy Talbot, senior vice president and CIO of PHH, commented, "At PHH we

recognize that customer satisfaction is inextricably linked with our own

employee satisfaction. We have tremendous talent in our IT department, and

we're proud that it's recognized in the market place, as evidenced by the

numerous technology awards we've won. This Computerworld recognition is more

validation that we're on the right track to attracting, developing and

retaining the best people."

Since 1994, Computerworld's annual "Best Places to Work in IT" feature has

ranked the top 100 work environments for technology professionals, based on

a comprehensive questionnaire regarding company offerings in categories such

as benefits, diversity, career development, training and retention. In

addition, this year Computerworld surveyed more than 11,500 IT workers for

the list, and their responses factored heavily in determining the rankings.

The Best Places to Work feature appears in the June 9th issue of

Computerworld and online at www.computerworld.com/bestplaces2003.

Founded in 1946, PHH Arval is a vehicle management

company. A subsidiary of Cendant Corporation, PHH Arval says it

provides integrated leasing, management and card payment solutions to

thousands of corporate, government and service-related fleets, including

nearly one-third of the Fortune 500 companies. In conjunction with its

strategic partners throughout the world, PHH Arval manages over 1.3 million

vehicles worldwide. For more information about PHH, call

1-800-ONLY PHH or visit www.phh.com.