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AARON RENTS EXPECTS FIRST QUARTER EARNINGS PER SHARE TO MORE THAN TRIPLE

 AARON RENTS EXPECTS
 FIRST QUARTER EARNINGS PER SHARE TO MORE THAN TRIPLE
 ATLANTA, July 20 /PRNewswire/ -- R. Charles Loudermilk Sr., chairman and chief executive officer of Aaron Rents, Inc. (NASDAQ: ARON), today announced that the company expects sharply higher first quarter earnings and higher revenues over a year ago.
 "We expect earnings per share for the fiscal first quarter ended June 30, 1992 will more than triple earnings per share of $.11 for the first quarter last year," Loudermilk said. "We also expect a substantial increase in revenues."
 Loudermilk said Aaron Rents has shown improvement in all areas of its rental business with especially strong growth in the Aaron's Rent- To-Own(R) division as well as Ball Stalker Co., the company's contract office furniture subsidiary.
 Las week the company announced it had accelerated the opening of company-owned rent-to-own stores with leases signed for seven more locations to open by Sept. 30. In addition, the Aaron's Rent-To-Own(R) division awarded its fourth franchise since introducing a franchise program early this year.
 Aaron Rents now has 31 company-owned rent-to-own stores, and in addition to the seven new locations announced last week, plans to continue expansion in the future. The company-owned stores are located in major metropolitan areas while franchise stores target smaller markets offering the greatest potential for growth.
 Atlanta-based Aaron Rents, Inc. is the nation's largest furniture rental and sales company. It produces its own lines of furniture for its rental stores at five plants in Georgia and Florida. The company recently opened its first business equipment rental store in Atlanta.
 -0- 7/20/92
 /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: ERP


BR-EA -- AT004 -- 0603 07/20/92 09:36 EDT
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Publication:PR Newswire
Date:Jul 20, 1992
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