Rentrak Announces Share Repurchase Program

Apr 25, 2001, 01:00 ET from Rentrak Corporation

    PORTLAND, Ore., April 25 /PRNewswire/ -- Rentrak Corporation
 (Nasdaq:   RENT), today announced that its board of directors has approved a
 program to repurchase up to 750,000 shares of its common stock.  The company
 said that such purchases may be made from time to time at prevailing prices in
 the open market, by block purchase or in private transactions and may be
 discontinued at any time.  The stock repurchases will be funded through
 available cash.
     The company has approximately 11.2 million shares outstanding after
 accounting for the previously announced 1,004,000 share repurchase as part of
 its restructuring of its relationship with its joint venture partner Rentrak
 Japan.
     Paul Rosenbaum, Rentrak's Chairman and Chief Executive Officer, said, "The
 Share Repurchase Program is being implemented to optimize Rentrak's use of
 capital and enhance shareowner value.  We believe our common stock is
 undervalued and represents a highly attractive investment.  Rentrak's new
 board of directors has taken recent steps to leverage Rentrak's systems and
 entertainment expertise into the video-on-demand (VOD) arena and to produce
 operational efficiencies at 3PF, Rentrak third-party fulfillment subsidiary,
 that will improve the company's future financial performance.  The Share
 Repurchase Program is an integral part of the company's strategy to maximize
 the investment potential of Rentrak and its subsidiaries."
 
     About Rentrak Corporation
     Rentrak Corporation is an information management company and the world's
 largest processor of rental and sales data for videocassettes obtained on a
 revenue-sharing basis.  The company services most motion picture studios and
 over 10,000 retail video rental locations throughout the U.S. and Canada.
     Through its third party fulfillment subsidiary, 3PF.COM, Inc., the company
 provides inventory management, order processing, fulfillment and sophisticated
 sales tracking information services to companies requiring 24/7 just-in-time
 fulfillment.  For further information please refer to Rentrak's corporate Web
 site at www.rentrak.com.  3PF can be accessed on the Web at
 http://www.3PF.COM/ .
 
     When used in this discussion, the words "anticipates," "expects,"
 "intends" and similar expressions are intended to identify forward-looking
 statements.  Such statements relate to, among other things, the revenues and
 results of operations for the company and are subject to certain risks and
 uncertainties that could cause actual results to differ materially from those
 projected.  Factors that could affect Rentrak's financial results include
 customer demand for videocassettes subject to company guarantees and Rentrak's
 customers continuing to comply with the terms of their agreements.  Additional
 factors that could affect Rentrak's financial results are described in
 Rentrak's March 31, 2000, annual report on Form 10-K, filed with the
 Securities and Exchange Commission.  Results of operations in any past period
 should not be considered indicative of the results to be expected for future
 periods.
 
     CONTACT:  Rick Nida of Rentrak Corporation, 503-284-7581, ext. 295, or
 ran@rentrak.com; or investors, Laurel Moody of Vision Corporate Consulting,
 212-509-4565, or laurel@visioncc.net, for Rentrak Corporation.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X11716625
 
 

SOURCE Rentrak Corporation
    PORTLAND, Ore., April 25 /PRNewswire/ -- Rentrak Corporation
 (Nasdaq:   RENT), today announced that its board of directors has approved a
 program to repurchase up to 750,000 shares of its common stock.  The company
 said that such purchases may be made from time to time at prevailing prices in
 the open market, by block purchase or in private transactions and may be
 discontinued at any time.  The stock repurchases will be funded through
 available cash.
     The company has approximately 11.2 million shares outstanding after
 accounting for the previously announced 1,004,000 share repurchase as part of
 its restructuring of its relationship with its joint venture partner Rentrak
 Japan.
     Paul Rosenbaum, Rentrak's Chairman and Chief Executive Officer, said, "The
 Share Repurchase Program is being implemented to optimize Rentrak's use of
 capital and enhance shareowner value.  We believe our common stock is
 undervalued and represents a highly attractive investment.  Rentrak's new
 board of directors has taken recent steps to leverage Rentrak's systems and
 entertainment expertise into the video-on-demand (VOD) arena and to produce
 operational efficiencies at 3PF, Rentrak third-party fulfillment subsidiary,
 that will improve the company's future financial performance.  The Share
 Repurchase Program is an integral part of the company's strategy to maximize
 the investment potential of Rentrak and its subsidiaries."
 
     About Rentrak Corporation
     Rentrak Corporation is an information management company and the world's
 largest processor of rental and sales data for videocassettes obtained on a
 revenue-sharing basis.  The company services most motion picture studios and
 over 10,000 retail video rental locations throughout the U.S. and Canada.
     Through its third party fulfillment subsidiary, 3PF.COM, Inc., the company
 provides inventory management, order processing, fulfillment and sophisticated
 sales tracking information services to companies requiring 24/7 just-in-time
 fulfillment.  For further information please refer to Rentrak's corporate Web
 site at www.rentrak.com.  3PF can be accessed on the Web at
 http://www.3PF.COM/ .
 
     When used in this discussion, the words "anticipates," "expects,"
 "intends" and similar expressions are intended to identify forward-looking
 statements.  Such statements relate to, among other things, the revenues and
 results of operations for the company and are subject to certain risks and
 uncertainties that could cause actual results to differ materially from those
 projected.  Factors that could affect Rentrak's financial results include
 customer demand for videocassettes subject to company guarantees and Rentrak's
 customers continuing to comply with the terms of their agreements.  Additional
 factors that could affect Rentrak's financial results are described in
 Rentrak's March 31, 2000, annual report on Form 10-K, filed with the
 Securities and Exchange Commission.  Results of operations in any past period
 should not be considered indicative of the results to be expected for future
 periods.
 
     CONTACT:  Rick Nida of Rentrak Corporation, 503-284-7581, ext. 295, or
 ran@rentrak.com; or investors, Laurel Moody of Vision Corporate Consulting,
 212-509-4565, or laurel@visioncc.net, for Rentrak Corporation.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X11716625
 
 SOURCE  Rentrak Corporation