Market Overview

Jeff Davis named CEO of AV Systems Integrators Avidex and Digital Networks Group

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Telerent Leasing Corporation (TLC) has named Jeff Davis as the chief
executive officer for its Avidex
Industries
and Digital
Networks Group (DNG)
divisions providing collaborative
communications, audio/visual systems integration and design services.

After meeting with employees recently, Davis said the entire
organization is highly motivated and enthusiastic about future
opportunities for growth.

"Jeff has a deep background in building teams and companies," said Gary
Kolbeck, chief operating officer of Telerent Leasing Corporation. "We
are excited about his leadership of Avidex and DNG to fully take
advantage of our national footprint for technology integrations
primarily in the healthcare, corporate, education, and government
markets. Jeff has national AV leadership experience and shepherded rapid
growth initiatives through geographical expansions, acquisitions, and
managed service offerings."

Davis is a senior corporate executive with extensive audio/visual
experience, previously serving as chief operating officer at AVI-SPL,
ranked in 2017 as the nation's largest AV integrator, where he led
processes to deliver consistent experiences globally along with leading
sales growth and expanded service offerings. Previously he served as
chief operating officer for the Public Safety and Security Division of
Kratos Defense, vice president at Stanley Black & Decker and vice
president at ADT Security, and in various other leadership roles.

"I am excited about the tremendous market opportunity," Davis said.
"Both Avidex and DNG enjoy an impressive group of blue chip customers
that are very loyal based on their past collaborations with the team.
Many of these customers have facilities across the nation and in some
cases around the globe. We are focused on making sure we maintain our
high standards for customer experience while expanding our geographical
footprint, either through partnerships or expansion, so that we are able
to consistently meet the needs of these customers."

Avidex is one of the top AV and technology systems integrator in the
United States. Cisco's Executive Briefing Center and Adobe's Customer
Experience and Network Operations Centers are among the many showcase
projects that also include Airbus, Citrix, Sprint, and AVI Biopharma.
DNG is a leading AV and technology systems integrator for education and
government markets including Loyola Marymount University and the
Department of Education of Orange County, California.

"The well-respected brands of Avidex and DNG coupled with the tremendous
support from ITOCHU are a powerful combination," Davis said. TLC is a
wholly-owned subsidiary of ITOCHU. "The opportunity to expand the reach
of the respective organizations throughout the West Coast and beyond
while also leveraging the healthcare customer base that exists within
TLC through TeleHealth Services creates tremendous opportunities."

About Avidex Industries, LLC

Avidex is an innovative leader in the design, integration, project
management, and support services of audio visual solutions for
commercial, government, and healthcare clients throughout the nation and
with projects completed internationally across Europe and Asia. Avidex
is headquartered in Bellevue, WA. For more information, visit www.avidex.com.

About Digital Networks Group

Since 1987, clients have counted on Digital Networks Group to deliver
best-in-class technologies that enhance learning, collaboration, and
productivity. The company provides end-to-end solutions and services –
from conceptual planning and system design through installation,
training, and ongoing service and support. For more information, visit www.digitalnetworksgroup.com.

About TLC

Avidex and Digital Networks Group are divisions of Telerent Leasing
Corporation, a national technology solutions integrator founded in 1957
and headquartered in Raleigh, N.C. TLC creates unparalleled customer
experiences in the use of collaborative communication solutions serving
the healthcare market through TeleHealth Services; the corporate market
through Avidex Industries; and the public and education markets through
Digital Networks Group. TLC is a wholly-owned subsidiary of ITOCHU
International Inc.

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