BlueLine Rental announced today that its parent company Vander Holding Corp. has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission relating to the proposed initial public offering of the company’s common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.

The initial public offering is expected to commence when market conditions allow, subject to, among other things, completion of the SEC review process. There are no assurances that the IPO will be consummated.

The news release is not an offer to sell or a solicitation of an offer to buy securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. This announcement is being issued in accordance with Rule 135 under the Securities Act.