PORTLAND, Ore., June 17 /PRNewswire-FirstCall/ -- Rentrak Corporation (Nasdaq: RENT), the leader in multi-screen media measurement serving the advertising and entertainment industries, today announced that its chairman, Paul Rosenbaum, purchased 113,035 shares of Rentrak common stock through the exercise of a portion of his stock options. Rosenbaum now owns 262,718 shares of Rentrak common stock and holds 356,965 stock options and 15,000 stock appreciation rights.
"Rentrak's prospects are bright, and my commitment to the company's vision is as strong as ever," said Rosenbaum. "The company continues to demonstrate its value to the entertainment and advertising industries on a daily basis, through innovative offerings that provide studios, national networks, cable, satellite and telco-TV operators, local TV stations and advertising agencies with new viewership currencies that will improve their business models. I am confident that Rentrak's activities will translate into increased shareholder value for the long-term."
About Rentrak Corporation
Rentrak Corporation (NASDAQ: RENT) is a global digital media measurement and research company, serving the most recognizable companies in the entertainment industry. With a reach across numerous platforms including box office, home entertainment, on-demand and linear television, broadband and mobile, Rentrak is headquartered in Portland, Oregon, with additional offices worldwide in Los Angeles, New York City, Miami/Ft. Lauderdale, Argentina, Australia, Canada, France, Germany, Mexico, Spain and the United Kingdom. For more information on any of Rentrak's services, please visit www.rentrak.com.
Safe Harbor Statement
When used in this discussion, the words "anticipate," "expects,'' "intends'' and similar expressions are intended to identify forward-looking statements. Such statements relate to, among other things, the company's prospects and activities that will lead to increased shareholder value, 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 movies in various media formats subject to company guarantees, the company's ability to attract new revenue-sharing customers and retain existing customers, the company's success in maintaining its relationships with studios and other product suppliers, the company's ability to successfully develop and market new services to create new revenue streams, 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, 2010 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.
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SOURCE Rentrak Corporation