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Electro Rent Corporation is Granted License to Operate China's First Wholly Foreign-Owned Equipment Rental and Leasing Business.

Publication: Business Wire
Publication Date: 02-MAY-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
VAN NUYS, Calif. -- Electro Rent (Tianjin) Rental Co., Ltd. Expected to Begin Operating Soon

Electro Rent Corporation (NASDAQ:ELRC) announced today that it has been awarded what it believes to be the first license for a wholly foreign-owned equipment rental and leasing business in China. With the license awarded by the Tianjin Economic-Technological Development Area (TEDA), Electro Rent (Tianjin) Rental Co., Ltd., will soon commence operations in Tianjin, China.

Commenting on the eve of a reception for senior representatives of TEDA to be held today in Los Angeles, Electro Rent Chairman and CEO Daniel Greenberg said, "It is a great honor for Electro Rent to be the first company to...

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