CAL U-RENT HISTORY: Cal U-Rent was started as a California corporation under the name, Cal U-Rent, Inc. in May of 1976. Ownership was shared between Russ Goodenough of Fillmore, California & Tom Carolan of Camarillo, California. The first Cal U-Rent facility is still operating and located at 661 East Thousand Oaks Boulevard in the city of Thousand Oaks, California. Doors were first opened for business at the Boulevard location, purchased from Doug’s U-Rent, on July 14, 1976.

In 1980, Cal U-Rent purchased A-Z Rental located in the Montalvo area of Ventura, California & established Cal U-Rent of Ventura. In 1985, we purchased the real property located at the former A-Z Rental site, 2452 Alameda Avenue, Ventura as well as another property located across the street at 5970 Seahawk Street. In 1987, Cal U-Rent expanded its facility to include the Seahawk location. In 1988, Russ Goodenough purchased the shares of Tom Carolan and now is the exclusive owner of Cal U-Rent.

In the latter part of the 1980s, a subsidiary corporation called Proex, Inc. was established. Proex ran a propane bottle exchange delivery route in the Ventura and Ojai areas. That company was sold for a small profit in 1990.

In 1990 Cal U-Rent, with IRS approval, reorganized itself into four separate & independent corporations: Cal U-Rent of Thousand Oaks, Inc.; Cal U-Rent of Ventura, Inc.; Cal U-Rent Properties, Inc. & California U-Rent Inc. Additionally, we created an affiliated corporation named Cal Party Rent of Conejo Valley, Inc. Cal Party Rent established a separate location in the 300 block of Thousand Oaks Boulevard.

The severe recession, that lasted from 1990 through 1995 in California, forced the company to move its’ Business Office back to Thousand Oaks from Ventura and to close the separate Cal Party Rent facility in December of 1992. The Ventura facility was also closed in July of 1993. The corporate entities of California U-Rent, Inc., Cal U-Rent of Ventura, Inc. and Cal Party Rent of Conejo Valley, Inc. were all terminated in the mid 1990s.

CONEJO COASTAL PROPERTIES, INC. is a totally separate entity and is not affliated with Cal U-Rent in any way other than several cooperative advertising programs and business office services contracted for by Conejo Coastal Properties. Conejo Coastal Properties, Inc. is in the business of leasing real property.

ORGANIZATION: Cal U-Rent of Thousand Oaks, Inc. operates from its facility at 661 East Thousand Oaks Boulevard. Cal U-Rent of Thousand Oaks, Inc. operates as Cal U-Rent (DBA).