August 10, 2011

MBS Direct and BookRenter Partner to Power Most Extensive Textbook Rental Offering for K-12 Schools

New platform makes textbook rental available on virtual bookstores to more than 900 K-12 schools and colleges serving more than a million students nationwide

San Mateo, Calif., and Columbia, Mo. – August 10, 2011 - BookRenter and MBS Direct announced a new partnership today to offer textbook rental to more than 900 schools serving more than a million students participating in MBS Direct's leading virtual bookstore program.

MBS Direct supports more virtual bookstores than any other platform, making this the largest textbook rental offering for K-12 schools and higher education yet.

MBS Direct chose BookRenter to power textbook rental to ensure its customers would have access to the most innovative and money-saving options when choosing course materials.

"BookRenter is widely recognized as having the best technology and service in textbook rental," said Dennis Flanagan, CEO of MBS Direct. "At MBS Direct, we proudly supply families with much more than textbooks and course materials. We also provide peace of mind in knowing your student has the correct textbooks at the most competitive price and is well equipped to succeed this school year. BookRenter not only has the best technology, but also matches our commitment to providing students with affordable access to course materials."

With more than 14 percent of private and parochial school students considered under or near the poverty line, the annual cost of textbooks, which can reach as high as $600, is a significant burden; with textbook rental, that cost can be reduced by as much as two-thirds.

"BookRenter's mission is to make education more affordable and more accessible to students," said Mehdi Maghsoodnia, CEO of BookRenter. "There is no reason these benefits should be limited to higher education, and we're proud to be extending the reach of textbook rental to impact younger students and their families."

Virtual bookstores provide schools that cannot support a brick and mortar bookstore with a simple site where families can purchase all their school books. Textbook rental allows these schools to provide families with more affordable choices on course materials, dramatically lowering the overall cost of their books. All purchases of new and used books and textbook rentals are completed through a single transaction for greater ease and lower cost.

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.

About MBS Direct

MBS Direct is a textbook provider that partners with K-12 schools and various higher eduction institutions, including small colleges, distance learning schools and career colleges, to deliver educational services to students, parents and faculty. Through its innovative virtual bookstore solution, the company offers new, used, and digitial textbooks, as well as supplemental course materials. MBS Direct is partnered with more than 900 schools across the nation, providing proprietary software and state-of-the-art technology. MBS Direct is headquarted in Columbia, Missouri. Visit www.mbsdirect.net for more information.