ThinkSmart launches into US market

WEST Perth-based ThinkSmart Ltd has executed an operating agreement with global office products retailer Office Depot to launch its RentSmart rental finance product in the US. Under the agreement, ThinkSmart and Office Depot plan to pilot the RentSmart product in Office Depot’s retail stores in Florida before commencing a full roll-out across the US in 2008. “We are delighted to have reached an agreement with Office Depot to bring our unique small business financing solution to the US,” ThinkSmart managing director and CEO, Ned Montarello, said. “Office Depot is a natural fit for our B2B product and will expose our service offering to the 23 million small businesses in the US, many of whom depend on Office Depot every day for all their office and technology needs.“This is simply a massive growth platform for our business which builds upon our very successful launch in the UK and continental Europe and significantly escalates our presence as a major international player in the sales financing market.” Office Depot has more than 1,200 retail store locations in the US. Edited announcement