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AARON'S RENTAL PURCHASE OPENS 57TH STORE; 15 MORE STORES UNDER CONSTRUCTION

 ATLANTA, Sept. 9 /PRNewswire/ -- Aaron Rents, Inc. (NASDAQ: ARONA ARONB), the nation's largest furniture rental and sales company, today announced its Aaron's Rental Purchase division has opened its 57th company-owned Rental Purchase store, an increase of 14 since the start of the current fiscal year only four months ago.
 The company also announced the opening of the first Aaron's Rental Purchase superstore.
 "We have 15 other company-owned Rental Purchase stores under construction to be open by the end of calendar year 1993," said R. Charles Loudermilk Sr., chairman and chief executive officer of Aaron Rents. "We expect to have 75 company-owned Rental Purchase stores operating by the end of this fiscal year next March 31. This is the result of an aggressive expansion program in response to very strong market demand for our Rental Purchase products and services.
 "This dramatic growth of our Rental Purchase stores has exceeded our early projections," Loudermilk added. "We are optimistic of continuing strong growth."
 In the past two years, the revenues of the Aaron's Rental Purchase division have more than doubled as the division established a strong position in the rental purchase market. Aaron's Rental Purchase has relied on highly competitive pricing, a 12-month rental purchase plan unique in the industry, and the Aaron Rents furniture manufacturing and distribution system that provides significant advantages.
 In August, Aaron's Rental Purchase opened its first superstore in Indianapolis. The new facility, providing the company's core business lines for furniture rental and sales, covers 15,000 square feet compared with 2,000 to 3,000 square feet in a typical competitors store. A second superstore will open soon in Norfolk, Va.
 "This larger store provides a much wider selection of merchandise to meet more of our customers' needs, and we expect to expand this concept with additional stores in the future," Loudermilk said.
 Aaron Rents, Inc., based in Atlanta, currently operates 176 stores in 20 states for the rental and sale of residential and office furniture and equipment. The company produces furniture at five plants in Georgia and Florida.
 -0- 9/9/93
 /CONTACT: Gilbert L. Danielson, vice president-Finance and chief financial officer of Aaron Rents, 404-231-0011/
 (ARON)


CO: Aaron Rents, Inc. ST: Georgia IN: REA SU: PDT

BR-RA -- AT006 -- 0204 09/09/93 10:01 EDT
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Publication:PR Newswire
Date:Sep 9, 1993
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