Toll tags: "Improving the lives of car renters all over the country."
Rent A Toll IP Portfolio Opens Doors to Second Round Capital for National Rollout
7/5/06
PRNewswire
Copyright 2006
DALLAS, -- Rent A Toll, Ltd.(TM) (RTL), a Texas-based technology services company specializing in automated toll payment solutions for car renters, has secured second round private equity financing allowing for a national rollout of its services. According to
RTL, the funds will be used to expand the company's extensive Intellectual Property (IP) portfolio and rollout services throughout the major toll markets in the U.S.
RTL has developed 14 patent-pending processes and related software applications allowing car renters to use toll road "express lanes" without stopping to pay money and simply add the tolls to a single receipt.
"Car renters have long awaited a solution that would put them in the fast lane," says President and CEO, Ben Robinson. "This capital allows us to turn our attention to a variety of national rollout opportunities and fulfill our goal of improving the lives of car renters all over the country. The continued focus on building our IP portfolio assures RTL greater flexibility in providing an array of solutions to meet the needs in the marketplace."
According to Debbie Lemon, Chief Marketing Officer, "I am gratified that this round came from the investors who provided our initial funding.
It is a statement that we are achieving our goals and adding value to car renters and our shareholders too."
The company recently announced an exclusive marketing and services agreement with HNTB Corporation facilitating efforts by both companies to solve significant ground transportation and travel industry challenges: making toll payments convenient for car renters.
HNTB Corporation is a national, employee-owned infrastructure firm that offers comprehensive design, engineering and planning services to federal, state and local public and private clients. The firm has designed more than half of the nation's toll roads and currently serves as general engineering consultant to two dozen toll agencies. Nearly 3,000 professionals in 60 offices nationwide provide design and planning expertise for highway, bridge, airport, construction management and urban planning and design projects. For more information about HNTB, visit http://www.hntb.com .
RTL is a privately held company located in Dallas / Fort Worth area. RTL is aggressively working on a national rollout of services to all car renters in 2007. For information on RTL, visit their website at http://www.rentatoll.com .
Contact: Debbie Lemon of Rent A Toll, Ltd., +1-972-628-3010, or
debbie@rentatoll.com
SOURCE Rent A Toll, Ltd.
© 2006 PR Newswire Association: www.prnewswire.com
7/5/06
PRNewswire
Copyright 2006
DALLAS, -- Rent A Toll, Ltd.(TM) (RTL), a Texas-based technology services company specializing in automated toll payment solutions for car renters, has secured second round private equity financing allowing for a national rollout of its services. According to
RTL, the funds will be used to expand the company's extensive Intellectual Property (IP) portfolio and rollout services throughout the major toll markets in the U.S.
RTL has developed 14 patent-pending processes and related software applications allowing car renters to use toll road "express lanes" without stopping to pay money and simply add the tolls to a single receipt.
"Car renters have long awaited a solution that would put them in the fast lane," says President and CEO, Ben Robinson. "This capital allows us to turn our attention to a variety of national rollout opportunities and fulfill our goal of improving the lives of car renters all over the country. The continued focus on building our IP portfolio assures RTL greater flexibility in providing an array of solutions to meet the needs in the marketplace."
According to Debbie Lemon, Chief Marketing Officer, "I am gratified that this round came from the investors who provided our initial funding.
It is a statement that we are achieving our goals and adding value to car renters and our shareholders too."
The company recently announced an exclusive marketing and services agreement with HNTB Corporation facilitating efforts by both companies to solve significant ground transportation and travel industry challenges: making toll payments convenient for car renters.
HNTB Corporation is a national, employee-owned infrastructure firm that offers comprehensive design, engineering and planning services to federal, state and local public and private clients. The firm has designed more than half of the nation's toll roads and currently serves as general engineering consultant to two dozen toll agencies. Nearly 3,000 professionals in 60 offices nationwide provide design and planning expertise for highway, bridge, airport, construction management and urban planning and design projects. For more information about HNTB, visit http://www.hntb.com .
RTL is a privately held company located in Dallas / Fort Worth area. RTL is aggressively working on a national rollout of services to all car renters in 2007. For information on RTL, visit their website at http://www.rentatoll.com .
Contact: Debbie Lemon of Rent A Toll, Ltd., +1-972-628-3010, or
debbie@rentatoll.com
SOURCE Rent A Toll, Ltd.
© 2006 PR Newswire Association:
posted by Porkus Maximus Tex: at Wednesday, July 05, 2006
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