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AARON RENTS ACCELERATES OPENING OF RENT-TO-OWN STORES; EXPANDS TO THREE NEW STATES

 AARON RENTS ACCELERATES OPENING OF RENT-TO-OWN STORES;
 EXPANDS TO THREE NEW STATES
 ATLANTA, July 14 /PRNewswire/ -- Aaron's Rent-To-Own(R), an operating division of Aaron Rents, Inc. (NASDAQ: ARON), the nation's largest furniture rental and sales company, today announced it has accelerated the opening of company-owned rent-to-own stores with leases signed for seven more locations to open by Sept. 30.
 Aaron's Rent-To-Own(R) has also expanded into three new states with the opening of these stores, said R. Charles Loudermilk Sr., chairman and chief executive officer of Aaron Rents, Inc.
 Loudermilk said site leases have been signed for company-owned rent- to-own stores in Columbus, Ohio; Indianapolis; Gretna, La.; Irving, Garden Oaks, and Pasadena, Texas; and Norfolk, Va. The rent-to-own stores in Indiana, Ohio and Virginia will be the company's first in those states.
 "We are very excited about the strong growth of our rent-to-own stores, both company-owned and franchised," Loudermilk said. "The market acceptance of this concept has been even stronger than anticipated."
 The first Aaron's Rent-To-Own(R) franchise operation began June 1 in Hammond, La. Two other franchises have also been awarded. The franchise program targets smaller markets offering the greatest growth potential, while company-owned stores are located in the larger market areas.
 Aaron's Rent-To-Own(R) produces its own line of furniture and offers a unique 12-month rent-to-own program, which provides a competitive advantage over the 18-24 month payout the competitors offer.
 Aaron Rents, Inc., based in Atlanta, operates 150 stores in 22 states for the sale and rental of residential and office furniture and equipment. The company produces furniture at five plants in Georgia and Florida and recently opened its first business equipment rental store in Atlanta.
 -0- 7/14/92
 /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: SU:


EA-BR -- AT005 -- 8987 07/14/92 09:38 EDT
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Publication:PR Newswire
Date:Jul 14, 1992
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