ATLANTA, Feb. 2 /PRNewswire-FirstCall/ -- Aaron Rents, Inc. (NYSE: RNT),
the nation's leader in the rental, sales and lease ownership, and specialty
retailing of residential and office furniture, consumer electronics and home
appliances and accessories, today announced that Michael W. Jarnagin has been
promoted to the new position of Vice President, Manufacturing.
"Our furniture manufacturing facilities have always been a key to the
success of the Company and have been running at record production levels the
last several years," said R. Charles Loudermilk, Sr., Chairman and Chief
Executive Officer of Aaron Rents. "This promotion is in recognition of Mike's
outstanding performance and the critical role MacTavish Furniture Industries
plays in supporting the Company's growth."
Mr. Jarnagin joined Aaron Rents in 1984 as the first employee of the
Company's MacTavish Furniture Industries Division's Coolidge, Georgia
operations, with the initial responsibility of product and plant design and
the start-up of an upholstery furniture manufacturing plant. Since that time,
he has been responsible for seven expansions of the Coolidge facility as well
as adding new upholstery manufacturing facilities in Cairo, Georgia. In 2001,
he assumed additional responsibilities for office furniture manufacturing and
consolidated all office manufacturing production into the Cairo facility.
MacTavish Furniture Industries has approximately 400 employees utilizing
over 500,000 sq. ft. of manufacturing facilities, and delivered in 2004 more
than $67 million of product at cost to Aaron Rents stores nationwide.
Aaron Rents, Inc., based in Atlanta, currently has over 1,040 Company-
operated and franchised stores in 45 states, Puerto Rico, and Canada for the
rental and sale of residential and office furniture, accessories, consumer
electronics and household appliances. The Company also manufactures furniture,
bedding and accessories at 10 facilities in four states.
"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 "Certain Factors Affecting Forward
Looking Statements" in the Company's Annual Report on Form 10-K for fiscal
2003, which discussion is incorporated herein by this reference.
CONTACT: Gilbert L. Danielson, Executive Vice President, Chief Financial
Officer, Aaron Rents, Inc., +1-404-231-0011, ext. 3314
Web site: http://www.aaronrents.com
(RNT)