CORT Furniture Rental and NextOffice.com Announce Strategic Investment and Marketing Relationship.Business Editors/Consumer Writers SAN FRANCISCO/FAIRFAX, Va.--(BUSINESS WIRE)--March 29, 2000 NextOffice.com Will Expand CORT's E-Commerce Office Furniture Rental Business NextOffice.com, the online source for business furnishings furnishings the extra type or quantity of hair on the head, tail, ears or legs, specified for a particular breed. For example, the feathers in setters, the beard in Bearded collies, the eyebrows in Schnauzers. , and CORT CORT Escort CORT Certified Operating Room Technician CORT Coherent Receive/Transmit CORT Crew Operations Review Team Furniture Rental, a nationwide furniture rental leader, today announced a strategic partnership which includes the development of an online rental center, a co-marketing agreement, and an investment by CORT in NextOffice.com. The rental center will be part of the NextOffice.com site, a practical 'one-stop shop' for purchasing business furnishings, space planning and design assistance, and now renting office furniture online. The Preview Edition of NextOffice.com is currently online at www.nextoffice.com. NextOffice.com is developing the rental center from the ground up. Business customers will be able to process rental transactions online at NextOffice.com to rent office and tradeshow furniture through CORT. "We believe NextOffice.com will be a key player in the business furnishings market," Says Paul Arnold, President of CORT Furniture Rental. "We capitalized Capitalized Recorded in asset accounts and then depreciated or amortized, as is appropriate for expenditures for items with useful lives longer than one year. on the opportunity to develop a strategic partnership with NextOffice.com and we believe this relationship will benefit our mutual customers by providing the maximum flexibility and choice in their office furniture needs." "Our mission is to provide a comprehensive solution to the business furnishings customer," remarks Farid Gazor, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of NextOffice.com. "In today's fast paced business environment, office furniture rental should be a crucial component of any solution. We are pleased to partner with the leader and the best national company in this category." CORT also participated in a recent $10 million round of financing for NextOffice.com, along with investors CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) @Ventures' B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business fund, The Phoenix Partners and Venture Frogs. About CORT Furniture Rental CORT Furniture Rental is the largest national furniture rental company in the rent-to-rent segment of the furniture industry. CORT has been providing quality furniture rental solutions for over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. . With a selection that ranges from office to residential, traditional to contemporary, CORT offers variety and a professionally trained sales staff to help with space planning and assessing your home or business needs. Through over 100 showrooms coast to coast, CORT offers an uncompromising commitment to customer satisfaction, including a written Personal Service Guarantee. CORT has become the industry leader by consistently offering quality furnishings, superior service, and outstanding value. CORT is part of the Berkshire Hathaway Berkshire Hathaway (NYSE: BRKA, NYSE: BRKB) is a conglomerate holding company headquartered in Omaha, Nebraska, U.S., that oversees and manages a number of subsidiary companies. group of companies. Additional information is available on the company's Web site at http://www.cort1.com. About NextOffice.com NextOffice.com is the premier business-to-business e-commerce site for designing workspaces and acquiring business furnishings. The company's management team is comprised of a unique blend of highly experienced individuals in both the furniture and the Internet industries, enabling NextOffice.com to create an e-commerce and fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. infrastructure that will ensure a positive and empowering user experience. NextOffice.com recently closed a round of financing from leading investors including the CMGI @Ventures B2B Fund (Nasdaq: CMGI), CORT Furniture Rental, The Phoenix Partners, and Venture Frogs. Based in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , NextOffice.com has been providing e-commerce solutions to the office furniture industry for the past three years under the TED(TM) (The Electronic Dealer) and AskTED.com(TM) brands. Additional information is available on the company's Web site at http://www.nextoffice.com. Note to Editors: NextOffice.com and the NextOffice.com logo are trademarks of NextOffice.com, Inc. All other trademarks are the property of their respective owners. |
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