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Aaron Rents, Inc. Announces New Store Openings

08/24/2001

In early July, the Company acquired 52 additional Heilig-Meyers real estate locations, bringing the total to 82 former Heilig-Meyers locations acquired since their Chapter 11 filing. The majority of the stores now opening are the former Heilig-Meyers locations. The Company plans to add a total of 120 new sales and lease ownership stores during the 2001 year.

The stores opening in the quarter ending September 30, 2001, which total 48, are listed by opening date as follows:

                                     Date Opened or
    Store Location                   To Be Opened

    Chandler, AZ                     July 2
    Marshall, TX                     July 4
    Okmulgee, OK                     July 7
    Santurce, PR                     July 9
    Bellefontaine, OH                July 16
    Hammond, LA                      July 18
    Camden, SC                       July 20
    Douglas, GA                      July 28
    Waynesville, NC                  August 7
    Newberry, SC                     August 7
    Alcoa, TN                        August 9
    Meridian, MS                     August 13
    Shelby, NC                       August 13
    Laurel, MS                       August 16
    Cordele, GA                      August 18
    Las Vegas, NV                    August 20
    Fairview Heights, IL             August 20
    Statesville, NC                  August 20
    Corinth, MS                      August 20
    Crawfordsville, IN               August 20
    Sequin, TX                       August 20
    Logansport, IN                   August 23
    Odessa, TX                       August 23
    Dickson, TN                      August 23
    Mooresville, NC                  August 23
    Las Vegas, NV                    August 24
    Palestine, TX                    August 27
    Tiffin, OH                       August 27
    Pell City, AL                    August 27
    Hendersonville, NC               August 27
    Greensboro, NC                   August 27
    Cookesville, TN                  August 30
    Lancaster, SC                    August 30
    Mount Vernon, OH                 August 30
    Crowley, LA                      August 30
    Beaufort, SC                     September 3
    Tullahoma, TN                    September 3
    Greenville, OH                   September 3
    Bartlesville, OK                 September 3
    Milledgeville, GA                September 6
    Murfeesboro, TN                  September 6
    Chillicothe, OH                  September 6
    Warrensburg, MO                  September 6
    Harrisonburg, VA                 September 10
    Eden, NC                         September 10
    Abingdon, VA                     September 13
    Richmond, VA                     September 15
    Virginia Beach, VA               September 15

    Total                            48 Stores

Note: Forward-looking statements in this news release are based on current expectations and are subject to risks and uncertainties, and actual results may vary materially from the expectations due to such factors as changes in general economic conditions, competition, pricing, customer demand and other issues.

"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 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 2000, which discussion is incorporated herein by this reference.

SOURCE Aaron Rents, Inc.

CONTACT:          Gilbert L. Danielson, Executive Vice President and Chief
                  Financial Officer of Aaron Rents, Inc., +1-404-231-0011

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