September 29, 2009

BookRenter.com Wraps Up Largest Back-to-School Season Ever for Textbook Rentals

BookRenter.com sets new records as it grows by 300% during the fall of 2009

Campbell, CA September 29, 2009 -- BookRenter.com, the best way to rent textbooks, marked its most successful back-to-school season ever by growing 300 percent year-over-year and offering a great customer experience to over 40,000 students at 5,000 campuses across the United States. This growth marks the company's highest volume period since its launch in the fall of 2007. As a result of BookRenter's increased momentum, the company has recently secured outside funding. The investment will be used to continue growth, expanding online services in the interest of creating an even greater textbook rental experience for college students.

"We've experienced a record year of growth by focusing on what our customers really want - selection, affordable prices, high-quality books and reliable delivery," said Mehdi Maghsoodnia, CEO of BookRenter. "It is exciting to come to work every day thinking that you are providing a service that is both valuable and beneficial to your customers."

This intense focus by the BookRenter team on positive customer experiences has led to many repeat sales over the past few semesters, so much so that close to 50 percent of the company's revenue growth this past semester came from loyal and repeat customers. These students love the experience, the convenience and the value of the service BookRenter provides.

"Consumers are surprised when they discover that the majority of our team is dedicated to working with customers online via Twitter, Facebook, email and chat. We view our customer support and community team as a core pillar of our business versus seeing it as a cost center," says Maghsoodnia.

About BookRenter.com

Located in Silicon Valley, BookRenter.com is making education more affordable.™ Founded in 2006, BookRenter offers over one million textbook titles and services more than 5,000 campuses. Textbook rental savings and coupon codes for ordering can be found via BookRenter's two Twitter handles, @Rent_Textbooks and @BookRenterDeals. In addition to making textbooks cheaper, BookRenter also makes them greener. By promoting the reuse of books, being a certified green business, and offering carbon neutral shipping, BookRenter works daily to reduce its carbon footprint.