ColorTyme Hires Industry Veteran to Support Franchise Development

PLANO, TX--(Marketwire - Mar 13, 2012) - ColorTyme, Inc., the nation's oldest franchisor of independently owned-and-operated rent-to-own stores, announced today that industry veteran Clyde Stutzman has joined the organization as Franchise Development Manager.

Stutzman, who has over 15 years of experience in both franchising and the rent-to-own business, will be responsible for helping grow the ColorTyme store count by bringing on new franchise owners. He will work with both RTO professionals and entrepreneurs/investors and assist existing RTO operators who wish to convert their independent RTO stores to ColorTyme via a strategic conversion program.

"The addition of Clyde and his extensive knowledge of the industry to our Franchising team is another positive step for ColorTyme," said President and CEO Cathy Skula. "He will be a valuable asset to our organization and will help us achieve our aggressive goals for growth."

Prior to joining ColorTyme, Stutzman was the Owner and President of Competition Consulting, a franchise consulting firm which focused on the development of national franchisors' systems whose clients include a number of high-profile companies in the rent-to-own and retail fields. Previously, he was the Vice President of Franchise Development for Premier Rental-Purchase.

Clyde attended the University of Kansas where he majored in Business Administration, Political Science and History. He will work out of ColorTyme's corporate headquarters in Plano, Texas.

About ColorTyme

ColorTyme, Inc., founded in 1979, is America's oldest franchisor of independently owned-and-operated rent-to-own stores. ColorTyme franchisees operate 195 rent-to-own stores in 33 states, and the company's custom-wheels-and-tires franchise brand, RimTyme, operates 22 stores in 10 states. ColorTyme is headquartered in Plano, Texas, and is an independent, wholly owned subsidiary of the largest RTO company in the world, Rent-A-Center (NASDAQ: RCII).

Contact:

Matthew Harris
Corporate Communications Specialist
972-403-4907
mharris@colortyme.com

 

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