BLOWOUT RECEIVES $12 MILLION IN FINANCING

PORTLAND, Ore. -- In a major step toward spinning Blowout Entertainment off as a separate company, the Rentrak Corp. subsidiary here has received $12 million in total financing, said Ron Berger, Rentrak chairman and chief executive officer.The financing will allow Blowout to keep up with the rapid-fire expansion plans of the Wal-Mart Supercenters in which it operates leased-space video rental departments,

PORTLAND, Ore. -- In a major step toward spinning Blowout Entertainment off as a separate company, the Rentrak Corp. subsidiary here has received $12 million in total financing, said Ron Berger, Rentrak chairman and chief executive officer.

The financing will allow Blowout to keep up with the rapid-fire expansion plans of the Wal-Mart Supercenters in which it operates leased-space video rental departments, he said. The financing includes $5 million in equity investments and $7 million

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