SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )
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[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
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[ ] Soliciting Material under Rule 14a-12
Rentrak Corporation
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Name of Registrant as Specified in Its Charter
Paul A. Rosenbaum on behalf of the Committee
for the Achievement of Rentrak Excellence
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FOR IMMEDIATE RELEASE CONTACT: Paul A. Rosenbaum
Friday, September 15, 2000 Committee for the
Achievement of
Rentrak Excellence
(517) 487-6390
CARE ANNOUNCES DECISION NOT TO POST BOND
Portland, Oregon, September 15, 2000 - The Committee for the
Achievement of Rentrak Excellence ("CARE") announced today that it has decided
not to post a $1.5 million bond imposed as a condition to a preliminary
injunction against Rentrak Corporation (Nasdaq:RENT) ordered in August 2000. As
a result of CARE's decision, the approximately 1.66 million shares of common
stock of Rentrak Corporation acquired by its two top executive officers in June
2000 pursuant to the company's newly adopted option loan program will be
permitted to be voted at the annual meeting of shareholders on September 19,
2000. CARE's spokesperson, Paul Rosenbaum, stated, "We see no reason to incur
the expense associated with posting the bond required to obtain an injunction.
We are looking forward to the conclusion of the proxy contest next Tuesday."
Shareholders of Rentrak Corporation may obtain information regarding
the participants involved in CARE's proxy solicitation, including a description
of their direct and indirect interests, by security holdings or otherwise, in
CARE's Proxy Statement filed with the Securities and Exchange Commission.
Shareholders should read CARE's Proxy Statement because it contains important
information. CARE's Proxy Statement and other relevant documents are available
for free on the Commission's Web site at http://www.sec.gov.