Aaron Rents, Inc. Acquires Prime Time Rentals Stores

By: Aaron's, Inc. | 0 Shares 288 Reads

ATLANTA, Oct 02, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Aaron Rents, Inc. (NYSE: RNT), the nation's leader in the sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics and home appliances and accessories, today announced that it has acquired all of the stores of Prime Time Rentals.

Prime Time Rentals has 33 stores located in Virginia, North Carolina, Maryland, and West Virginia. Approximately one-half of the stores will be operated as Aaron's Sales & Lease Ownership stores. The lease agreements of the other stores will be merged into existing Aaron's stores.

Aaron Rents, Inc., based in Atlanta, currently has more than 1,470 Company- operated and franchised stores in 48 states and Canada for the rental and sale of residential and office furniture, accessories, consumer electronics and household appliances.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release regarding Aaron Rents, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include factors such as changes in general economic conditions, competition, pricing, customer demand and other issues, and the risks and uncertainties discussed under "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2006.

SOURCE Aaron Rents, Inc.

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