NationsRent Files Exhibits to the Consensual Plan of Reorganization

Wed March 19, 2003 - National Edition

NationsRent, Inc., announced that it has filed exhibits for its consensual plan of reorganization. These exhibits provide additional details about the plan, including the slate of initial directors of the reorganized Company, and are available in their entirety on the Company’s web site at

Among the new directors is Thomas J. "Jeff" Putman who will serve as the Chief Executive Officer of the reorganized company. Mr. Putman is an investment partner of Phoenix Rental Partners, L.L.C. and an industry veteran of 28 years.

Putman most recently served Fluor Corporation for 26 years in a number of capacities, including Group President for the Fluor Daniel Diversified Services Group and President and Chief Executive Officer of American Equipment Company (AMECO) from 1990 to 1997. Founded in 1947, AMECO is a leading global full-service supplier of site services and fleet outsourcing for industries in the construction, mining, government and industrial markets located in Canada, the U.S., Mexico, the Caribbean and South America.

In addition to his direct industry background, Putman has served on numerous private and charity boards, and has held leadership roles in industry associations, including service as president of the Association of Construction Equipment Managers (ACEM).

"Jeff is a knowledgeable, seasoned executive with a wealth of experience," stated D. Clark Ogle, the Company’s current Chief Executive Officer. Ogle continued, "His familiarity with the industry will be a genuine advantage for NationsRent as it emerges from chapter 11."