Rent-A-Center is the largest rent-to-own operator in the United States with an approximate 35% market share based on store count as of September 30, 2011. At September 30, 2011, Rent-A-Center operated approximately 3,002 company-owned stores nationwide, Canada, and in Mexico and Puerto Rico. Our subsidiary, ColorTyme, is a national franchisor of rent-to-own stores. At September 30, 2011, 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:

• Market leader in an attractive sector



• Achievable growth and margin potential in core business



• Well defined growth opportunities



• Financially solid

- Strong cash flow generation
- Sound balance sheet and strong credit statistics


• Experienced management team