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Rent-A-Center is the largest rent-to-own operator in the United States with an approximate 39% market share based on store count as of September 30, 2009. At September 30, 2009, Rent-A-Center operated approximately 3,004 company-owned stores nationwide, and in Canada and Puerto Rico. Our subsidiary, ColorTyme, is a national franchisor of rent-to-own stores. At September 30, 2009, ColorTyme had 213 franchised rent-to-own stores operating under the trade name of "ColorTyme". Our stores generally offer high quality durable products such as major consumer electronics, appliances, computers, and furniture and accessories under flexible rental purchase agreements that typically allow the customer to obtain ownership of the merchandise at the conclusion of an agreed-upon rental period. These rental purchase agreements are designed to appeal to a wide variety of customers by allowing them to obtain merchandise that they might otherwise be unable to obtain due to insufficient cash resources or a lack of access to credit. These agreements also cater to customers who only have a temporary need, or who simply desire to rent rather than purchase the merchandise.
Key Investment Rationale:
- Leading rent-to-own operator in the U.S.
- Proven business model
- Experienced management team
- Financially solid
- Strong cash flow generation
- Sound balance sheet and strong credit statistics
- Continue execution in our core rent-to-own business, including the Rent-Way acquired storefronts
- Growth opportunity adding financial services within our existing store locations
| |  | Webcast - Replay Q3 2009 Rent-A-Center Earnings Conference Call 10/27/09 at 10:45 a.m. ET |
 | Webcast - Replay Rent-A-Center at Three Point Advisors Southwest Ideas Investor Conference 11/11/09 at 9:15 a.m. CT |
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