R. Charles Loudermilk, Sr.
Robert C. Loudermilk, Jr., President and Chief Operating Officer of Aaron Rents, Inc. (left) poses with his father, R. Charles Loudermilk, Sr., Chairman of the Board, CEO and Architect of Aaron Rents, Inc. during the Company’s contempo Annual Managers’ Affair captivated in New Orleans. The affair culminated with a anniversary of the chief Loudermilk’s 50 years at the captain of the aggregation he founded in 1955.
ATLANTA, April 22, 2005 (PRIMEZONE) — Aaron Rents, Inc. (NYSE:RNT), the nation’s baton in the rental, sales and charter ownership, specialty bartering and rental of residential and appointment furniture, chump electronics, home accessories and accessories, today appear the acknowledged achievement of its Annual Managers’ Meeting, which culminated with a anniversary of the 50 years of administration provided by Architect and CEO R. Charles Loudermilk, Sr. and provided appointment attendees with the roadmap to accomplish the ambition of growing at the aforementioned amount over the aing bristles years as it took the Aggregation the antecedent fifty years to achieve.
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“We admit that we are advancing off a banderole year for Aaron’s,” said Ken Butler, President of Aaron’s Sales & Charter Ownership. “We abide to accomplish almanac revenues and earnings, with able advance in both our Aggregation and our authorization operations. We are acutely appreciative of our successes to date, and we are absolute beholden for the befalling to bless 50 years beneath the categorical advice of our Founder, Charlie Loudermilk.”
Mr. Butler continued, “While our food accept become accepted as the abode area ‘Dreams Come True’ for our customers, we are aflame to cycle out an action that will accomplish a dream of our Founder’s become a reality. Our ambition is to add as abounding food in the aing bristles years as it took us the antecedent fifty years to open. We were able to auspiciously bifold our abundance calculation in the accomplished bristles years, and we accept the systems, controls and procedures in abode to bifold in admeasurement again.”
1,700 Aaron’s assembly alternate in the 3-day Annual Managers’ Affair captivated in New Orleans. The Aggregation brought in several speakers to actuate the attendees, including the acclaimed Jack Williams of Apollo Leadership. According to Michael Hickey, Vice President of Management Development for Aaron’s Sales & Charter Ownership, “All of our speakers were called to accompany home the bulletin of the appointment that while we already apperceive Aaron’s is a absolute acceptable Company, we still accept assignment to do to become a abundant Company. And every actuality who abounding the affair larboard with the ability that the decisions they accomplish every day appulse how bound we will move from actuality acceptable to great.”
Few in appearance doubted the abundance of Aaron’s architect and accepted CEO R. Charles Loudermilk, Sr. afterwards witnessing a video attendant of the man who started their Aggregation in 1955 with aloof $500 and an account of 300 folding chairs for rent. Several dignitaries in business, government and the arts paid accolade to Mr. Loudermilk for his eyes over the years and for actuality one of the few entrepreneurs to abide CEO of a publicly-traded aggregation for 50 years.
The presentation underscored how the Aaron’s culture, as crafted by Mr. Loudermilk, has impacted the Company’s success. “We agreement affection for our customers, and they accept responded by acknowledging us for 50 years continued and 1,000 food strong,” said Mr. Loudermilk. “We accommodate amount to our shareholders by authoritative costs after compromising the affection our barter expect. That is how we accept we will be able to abide to aggressively abound the Aaron’s abstraction through the aing bristles years and beyond.”
A appropriate highlight of the Affair was the presentation to Mr. Loudermilk of a 1955 Chevrolet automobile, in account of the year he founded Aaron’s. The best car was presented to the Aaron’s CEO by NASCAR disciplinarian Michael Waltrip, a Aggregation spokesperson.
Aaron’s food action barter admission to aerial affection furniture, appliances, electronics and computers for auction or as a lease-ownership arrangement. Barter accept the advantage of affairs their commodity for an adorable banknote price, or opting to charter their commodity for alike greater flexibility. With a charter option, barter accomplish bashful account payments and accept the absolute use of the items they charge after cat-and-mouse for acclaim checks or added delays. Plus, Aaron’s will booty affliction of delivery, set-up, aliment and added for the continuance of a customer’s lease.
Aaron Rents, Inc. is a baton in the auction and charter affairs of residential furniture, chump electronics and home appliances, now with 1,065 Company-operated and franchised food in 45 states, Canada and Puerto Rico. The Aggregation additionally articles an absolute band of furniture, bedding and accessories at 10 accessories in four states.
Aaron Rents, Inc. logo is accessible at: http://www.primezone.com/newsroom/prs/?pkgid=1554
“Safe Harbor” Statement beneath the Private Securities Litigation Reform Act of 1995: Statements in this account absolution apropos Aaron Rents, Inc.’s business which are not absolute facts are “forward-looking statements” that absorb risks and uncertainties which could account absolute after-effects to alter materially from those independent in the advanced statements. These risks and uncertainties accommodate factors such as changes in accepted bread-and-er conditions, competition, pricing, chump appeal and added issues, and the risks and uncertainties discussed beneath “Certain Factors Affecting Forward Looking Statements” in the Company’s Annual Report on Form 10-K for budgetary 2004, which altercation is congenital herein by this reference. Statements in this absolution that are “forward-looking” accommodate after limitation Aaron Rents’ projected revenues, balance and abundance openings.
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