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NationsRent, Inc. Announces Definitive Agreement

14 September 1998

NationsRent, Inc. Announces Definitive Agreement with A-1 Rental of Texas

    FORT LAUDERDALE, Fla., Sept. 14 -- NationsRent, Inc.
today announced that it has entered into a definitive agreement to
combine its operations  with A-1 Rental of Texas. A-1 Rental is one of the
largest equipment rental companies serving the Dallas/Ft. Worth and Austin
markets.  A-1 Rental has been in business for over 42 years and operates 13
locations throughout Texas.  The transaction is subject to customary closing
conditions.
    James Kirk, Chairman and Chief Executive Officer said, "Adding  A-1 Rental
to our existing operations in Texas provides NationsRent with a leading
position in the state of Texas, which is the third largest state for
construction expenditures in the United States.  A-1 Rentals' level of service
and variety of equipment fit perfectly into the NationsRent operating model."
    Additionally, NationsRent today announced that it has acquired Witt
Rentals in Michigan, Louisiana Rental in Louisiana, A to Z Rents It in Texas,
and Sheffield Rental Equipment in Florida. These companies operate a total of
four rental locations in four states.
    NationsRent now operates 84 equipment rental companies with combined
annual revenue of approximately $300 million. In addition, the Company has a
backlog of acquisitions under definitive agreement or letters of intent
(including the A-1 Rental transaction) to acquire 11 companies with 67
locations and combined annual revenue of approximately $185 million.
    On a pro forma basis, including acquisitions completed and acquisitions
under definitive agreement and letters of intent, NationsRent is expected to
have an annual revenue run rate of nearly $500 million.
    NationsRent, Inc. based in Fort Lauderdale, Florida is creating a network
of nationally branded equipment rental locations.  The Company offers a broad
selection of rental equipment including backhoes, bulldozers, skid steer
loaders, aerial lifts and work platforms, compressors and generators.  The
Company markets its products and services primarily to a broad range of
construction and industrial customers, including heavy highway contractors,
general contractors, subcontractors, manufacturing plants, and distribution
centers.
    This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995.  These statements are
based on current plans and expectations of the Company and involve risks and
uncertainties that could cause actual future activities and results of
operations to be materially different from those set forth in the forward-
looking statements.  Important factors that could cause actual results to
differ include, among others, risks associated with the absence of a combined
operating history, the Company's acquisition strategy, the integration of
acquisitions, the availability of additional capital, variations in stock
prices and interest rates, competition and fluctuations in quarterly operating
results and other risks and uncertainties described in the Company's filings
with the Securities and Exchange Commission. The Company expressly disclaims
any intent or obligation to update these forward-looking statements.