ATLANTA, Aug. 4 /PRNewswire/ -- Aaron Rents, Inc. (NYSE: RNT), the
nation's leader in the rental, rental purchase and specialty retailing of
residential and office furniture, consumer electronics and home appliances,
today announced that William R. Mitchell, formerly a senior level executive
with a major franchiser, has been named Vice President, Franchising of the
fast-growing Aaron's Rental Purchase division.
Mitchell previously was regional vice president of Domino's Pizza, Inc., a
position he held for five years after having served as senior franchise
operations director for six years. His career with Domino's spanned more than
15 years, following eight years with Pizza Hut. He received a B.S. degree
from the University of Edinboro (Pennsylvania) in 1975 and completed the
Harvard University program for senior executives in 1991.
"Bill Mitchell brings to Aaron's invaluable experience and skills in
building a franchise operation," said R. Charles Loudermilk, Sr., Chairman and
Chief Executive Officer of Aaron Rents. "A key factor in our continuing record
growth for more than eight years and for our future strategic plan is our
franchise program. We expect Bill will add significant strength to our
management team and the momentum of the program."
Aaron's Rental Purchase franchisees are opening new stores at the rate of
approximately one every seven days, with a total of 181 franchised stores open
at July 31.
Aaron Rents, Inc., based in Atlanta, currently has more than 510 Company-
operated and franchised stores in 39 states for the rental and sale of
residential and office furniture, accessories, consumer electronics and
household appliances. The Company manufactures furniture, bedding and
accessories at ten facilities in four states.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1993: 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
from those contained in the forward-looking statements. For a discussion of
such risks and uncertainties, see "Risk Factors" in the Company's Annual
Report on Form 10-K for fiscal 1999, which discussion is incorporated herein
by this reference.
SOURCE Aaron Rents, Inc.
CONTACT: Gilbert L. Danielson, Executive Vice President, Chief Financial
Officer of Aaron Rents, Inc., 404-231-0011/