| RenTrain/Masterental.com merge |
FOR IMMEDIATE RELEASE
RenTrain, Inc/Masterental.com Merge to Form Single Entity
Boulder, CO, October 9, 2001 - Jim Ziegler, CEO of RenTrain, Inc announced today that his company has finalized a merger with Masterental.com, Inc. The new company will operate as RenTrain, Inc, but Masterental.com will still maintain a branded presence on the company's new website and on many of the products and services RenTrain offers. RenTrain also will maintain Masterental.com's Asheville, NC office as the primary sales and marketing location. Ziegler did not disclose terms of the deal.
As part of the merger, RenTrain has put in place a new management team. In addition to Ziegler, the new team includes Eric Lillybeck, Chief Financial Officer, Steven Lillybeck, Vice President - Publishing, Bart Black, Vice President - Sales & Marketing, Shawn Nussbaum, Chief Technology Officer and Linda Sease, Office Manager.
"RenTrain and Masterental formed a strategic alliance at the beginning of this year," Ziegler said. "As we began to work more closely together we determined that our respective companies would better serve the rental market if we formed a single entity. With the merger, we can offer independent rental dealers an exciting set of electronic services that, together, not only will allow rental dealers the ability to boost their presence on the Web, but also will allow them to distribute important safety, operation and maintenance information to their customers. This is an exciting new company, and the rental industry will hear a lot from us in the immediate future."
Background
RenTrain is a company that provides Rental Training products and services. RenTrain hosts Masterental.com, a web community to the Rental Industry that focuses on E-Commerce and E-Learning.
Founded in January 2000, Masterental.com is an Internet technology company providing web hosting, site design assistance, business reporting, product search and an online reservation system for the rental industry. Masterental.com is an Application Service Provider (ASP), helping rental merchants set up standard or customized web sites which enable their stores for e-commerce using the Masterental.com inventory management and reservation system.
RenTrain is an electronic publishing company that has developed a computer-based training and education system for the equipment rental industry. Specifically, the RenTrain product delivers to both rental dealers and the customers they serve, detailed safety, operation and maintenance information on and about equipment typically found in an equipment rental store. In conjunction with the Masterental product, end users and dealers can easily download the RenTrain information at a PC.
Contact Information
RenTrain, Inc will maintain Masterental.com's Asheville, NC office as its primary contact location, with an additional publishing office in Port Byron, IL. For questions regarding the merger, additional company background information, product demonstrations or other matters, please contact:
RenTrain, Inc
53 South French Broad Ave
Suite 303
Asheville, NC 28801
Toll Free: 866-932-7368
For editorial content questions, please contact:
Steven Lillybeck
Vice President, Publishing
608 South High Street
Port Byron, IL 61275
Phone: (309) 523-2454
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Masterental.com is the registered trademark of RenTrain, Inc
All other names are trademarks and/or registered trademarks of their respective owners.
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