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AARON'S RENTAL PURCHASE OPENS 51ST STORE FRANCHISE UNITS ALSO CONTINUE TO INCREASE

 ATLANTA, June 24 /PRNewswire/ -- Aaron's Rental Purchase(R), a division of Aaron Rents, Inc. (NASDAQ: ARONA ARONB), the nation's largest furniture rental and sales company, today announced the opening of its 51st company-owned rental purchase store and the awarding of the 11th rental purchase franchise, doubling the total number of stores in little more than a year.
 In the past two years, the division's revenues have also more than doubled.
 "Aaron's Rental Purchase has been opening stores and awarding franchises at the combined rate of two a month over the past 15 months," said R. Charles Loudermilk Sr., chairman and chief executive officer of Aaron Rents, Inc. "With the additional leases already signed, we will have 60 company-owned rental purchase stores operating by September 30."
 By the end of the current fiscal year next March 31, company-owned and franchise stores are expected to reach the 80 mark, Loudermilk said. The 51st company-owned store opened in Indianapolis, and the 11th franchise went to Syracuse, N.Y.
 The rental purchase program constitutes a key part of Aaron Rents' growth strategy, which includes expansion through acquisitions. In the past two months, the company has acquired furniture rental stores in Los Angeles; Tucson, Ariz.; Phoenix, and Las Vegas.
 Aaron Rents, Inc., based in Atlanta, currently operates 165 stores in 21 states for the rental and sale of residential and office furniture and equipment. The company also produces furniture at five plants in Georgia and Florida.
 -0- 6/24/93
 /CONTACT: Gilbert L. Danielson, vice president-Finance and chief executive officer of Aaron Rents, 404-231-0011/
 (ARON)


CO: Aaron Rents, Inc.; Aaron's Rental Purchase ST: Georgia IN: REA SU: PDT

BR-BN -- AT002 -- 5206 06/24/93 09:50 EDT
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Publication:PR Newswire
Date:Jun 24, 1993
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