June 14, 2011

MBS Textbook Exchange Names BookRenter as a Preferred Partner to Power Online Textbook Rental for its 2,000 Campus Stores and inSite Customers

MBS to promote BookRenter’s best-in-breed technology already adopted by more than 500 campus stores serving six million students nationwide.

Columbia, MO and San Mateo, CA – June 14, 2011 - MBS Textbook Exchange and BookRenter today announced a preferred partnership to offer BookRenter’s leading online textbook rental platform to MBS’ more than 2,000 campus store partners and MBS Systems inSite customers.

Customers using MBS Systems inSite, MBS’ powerful virtual point of sale solution, can add BookRenter to their online textbook site as an affiliate rental option with one click.

“BookRenter has shown time and time again that they know how to partner with college stores to deliver a simple and powerful platform for online textbook rental that allows the stores to maintain a direct relationship with their students,” said David Henderson, executive vice president MBS. “It is important that our customers have options, and the BookRenter model presents an excellent opportunity for stores to add to their existing rental offerings, or to be deployed as their online rental solution."

“We are very pleased to work with MBS to power online rental for their two thousand plus campus store customers,” said Michael Geller, vice president of marketing for BookRenter. “We look forward to working together to bring affordable textbooks to millions of students nationwide.”

Through the BookRenter offering, MBS stores can

  • Earn up to 15% on each rental transaction
  • Offer students flexible and affordable online rental options on millions of textbook titles
  • Enhance their direct relationships with students through custom-branded sites and email communications
  • Rely on BookRenter’s customer service and scale to support wide adoption of rental
  • Power integrated new and used book sales together with rental through MBS Systems inSite integration.

For more information, visit store.bookrenter.com/mbs.

About MBS

For more than 35 years, MBS Textbook Exchange has set the standard in wholesale textbook distribution. In addition to offering the largest warehouse of used books in the industry, MBS offers innovative bookstore management solutions that simplify the essentials of a bookstore business. MBS serves more than 2,000 institutions with a goal of delivering unique products and services to help our partnered bookstores grow. To learn more about MBS, please visit www.mbsbooks.com.

About BookRenter

BookRenter launched in 2008 and is dedicated to making education more affordable by allowing students to rent textbooks for up to 80% off the retail price. BookRenter helps students find the best price, highest quality books, and most flexible rental experience through their campus store or online at www.bookrenter.com. Offering more than 5.5 million titles and serving millions of students on over 5,000 campuses, BookRenter is one of the fastest growing startups in Silicon Valley. With offices in San Mateo, California, BookRenter is a private company that is funded by prominent Silicon Valley venture capital firms. To learn more about how to use BookRenter for all of your textbook rental needs, please visit www.bookrenter.com.