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Stock Guru Featured Company: Consolidation Services, Inc. (CNSV)
Hertz aims to be No. 1 in Mongolia
by Linda Moss
The next time you travel to Mongolia, Hertz Corp. will be waiting there for you — if you need to rent a crane, bulldozer or, perhaps more likely, temperature-control equipment.
Park Ridge-based Hertz said Monday that it had entered into a franchise agreement with Consolidation Services Inc (OTCBB: CNSV), which will provide rental equipment in Mongolia using the “Hertz Equipment” brand and proprietary system.
The agreement is effective July 1, and “will significantly add to Hertz Equipment Rental’s existing network in Asia,” Hertz said in a press release about the deal for Mongolia.
“The nation is one of the most exciting new markets for the world’s mining industry,” Lois Boyd, Group President of Hertz Equipment Rental Corp., said in a statement.
“With its double digit GDP growth (estimated at 15.74 percent by the International Monetary Fund for 2013) and influx of foreign investments, the country is also experiencing a boom in construction and infrastructure development,” Boyd said.
May 3 02:47 AM
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