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ELECTRO RENT DECLARES 3-FOR-2 STOCK SPLIT

 ELECTRO RENT DECLARES 3-FOR-2 STOCK SPLIT
 VAN NUYS, Calif., Jan. 13 /PRNewswire/ -- The board of directors


of Electro Rent Corp. (NASDAQ: ELRC) has approved a 3-for-2 stock split to be effected in the form of a 50 percent stock dividend, payable Feb. 28, 1992 to shareholders of record Feb. 3, 1992.
 Shareholders will receive one additional share for each two shares presently held. Electro Rent currently has 4,128,698 shares of common stock outstanding. Persons entitled to a fractional share will receive cash in lieu of such fractional share.
 Daniel Greenberg, chairman and chief executive officer, said: "The primary purpose of the board in voting the 3-for-2 stock split is to increase the number of shares outstanding and thereby assist in improving the marketability of the company's shares. The action also reflects Electro Rent's sound progress."
 As reported earlier today, net income per share for the second quarter ended Nov. 30, 1991 increased 33 percent to 57 cents from 43 cents in the prior year. For the six months, net income per share was $1.09, up 25 percent from 87 cents a year ago.
 Electro Rent Corp. is one of the largest nationwide organizations devoted to the short-term rental and leasing of general purpose electronic test equipment, personal computers and workstations.
 -0- 1/13/92
 /CONTACT: Daniel Greenberg of Electro Rent, 818-786-2525/
 (ELRC) CO: Electro Rent Corp. ST: California IN: SU:


KJ -- LA017 -- 9116 01/13/92 12:57 EST
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Publication:PR Newswire
Date:Jan 13, 1992
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