Attached files
| file | filename |
|---|---|
| 8-K - ELECTRO RENT CORP | v210186_8k.htm |
Exhibit
99.1
FOR
IMMEDIATE RELEASE
For
more information, contact:
|
Daniel
Greenberg, Chairman& CEO
|
Roger
Pondel/Laurie Berman
|
|
Electro
Rent Corporation
|
PondelWilkinson
Inc.
|
|
818-786-2525
|
310-279-5980
|
|
investor@pondel.com
|
THEODORE
E. GUTH JOINS ELECTRO RENT’S BOARD OF DIRECTORS
VAN NUYS, Calif. – February 7, 2011 –
Electro Rent Corporation (NASDAQ:ELRC) today announced the appointment of
Theodore E. Guth, to its board of directors, assuming a vacant seat on the
company’s seven-member board.
Guth, 56,
is the Executive Vice President of Douglas Emmet, Inc. (NYSE:DEI), having joined
the publicly traded real estate investment trust earlier this
year. He previously was a partner at the law firm Manatt, Phelps & Phillips, LLP,
where he served as Electro Rent’s outside legal counsel. Prior
to that, Guth was a partner and held various management positions at the law
firms of Irell & Manella LLP and Guth | Christopher LLP. During
his career, Guth also served as President of investment bank Dabney/Resnick,
Inc., and was a full-time professor at the UCLA School of Law.
“Having
served as a valued and trusted advisor to us for nearly a decade, Ted is
intimately familiar with all aspects of our business,” said Daniel Greenberg,
chairman and CEO of Electro Rent. “His continued sound advice and
business acumen as a board member will serve our company well, as we continue to
pursue our growth objectives and augment our leadership position in our market
niche of the electronic test and measurement equipment industry.”
About
Electro Rent
Electro
Rent Corporation (www.ElectroRent.com)
is one of the largest global organizations devoted to the rental, leasing and
sales of general purpose electronic test equipment, personal computers and
servers.
"Safe
Harbor" Statement
Except
for the historical statements and discussions above, our statements above
constitute forward-looking statements within the meaning of section 21E of the
Securities Exchange Act of 1934. These forward-looking statements,
which include, but are not limited to, the company’s ability to augment the
company’s leadership position in the company’s market niche of the electronic
test and measurement equipment industry, reflect Electro Rent’s management's
current views with respect to future events and financial performance; however,
you should not put undue reliance on these statements. When used, the
words "continue," "augment," "will," and other similar expressions identify
forward-looking statements. These forward-looking statements are
subject to certain risks and uncertainties. The company believes its
management's assumptions are reasonable; nonetheless, it is likely that at least
some of these assumptions will not come true. Accordingly, Electro
Rent’s actual results will probably differ from the outcomes contained in any
forward-looking statement, and those differences could be
material. Factors that could cause or contribute to these differences
include, among others, those risks and uncertainties discussed in the company’s
periodic reports on Form 10-K and 10-Q and in its other filings with the
Securities and Exchange Commission. Should one or more of the risks
discussed, or any other risks, materialize, or should one or more of our
underlying assumptions prove incorrect, our actual results may vary materially
from those anticipated, estimated, expected or projected. In light of
the risks and uncertainties, there can be no assurance that any forward-looking
statement will in fact prove to be correct. Electro Rent undertakes
no obligation to update or revise any forward-looking statements.
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