easygates, LLC and easyhomeTM Master Franchisor Announces Plans to Open First Stores
WICHITA, KANSAS--(Marketwire - June 10, 2008) - easyhome Ltd. (TSX:EH):
easygates, LLC - Bud Gates, Chairman and CEO of easygates, LLC announced the signing of two franchises totaling 16 stores. It is anticipated that 2 to 3 of these stores will be opened by the end of 2008.
Former Chairman and CEO of Rent-A-Center and THORN Americas, Inc., Bud Gates, established easygates, LLC, in 2007 to create a platform for developing both corporate and franchise stores in the U.S. $6 billion rent-to-own industry.
easygates, LLC through easyhome U.S. Ltd. has the exclusive rights to franchise or operate easyhome TM stores in the 36 states in the U.S. which do not border with Canada. easyhome Ltd. (parent company of easyhome U.S. Ltd), is Canada's largest merchandise leasing company and the third largest in the world, as measured by store count, offering top quality, brand name household furnishings, appliances and electronics to consumers. easyhome Ltd. operates 220 stores across Canada and the U.S. (including 1 license and 3 franchise stores in Canada).
Mr. Gates stated, "We have spent the last year building the management team and infrastructure needed to support aggressive franchise growth. Those efforts are now bearing fruit, and it's very rewarding for our growing team to enjoy such initial success."
David Ingram, President and CEO of easyhome Ltd. commented, "We are thrilled to see that our partner, Master Franchisor, easygates announced the signing of its first franchises. We are confident that a carefully constructed growth platform has been built by Bud and his team and look forward to much success."