EDMONTON, Sept. 4 /CNW/ - Rentcash Inc. ("Rentcash" or the "Company")
today announced that its Board of Directors declared a quarterly cash dividend
of $0.025 per common share, payable on October 2, 2007 to shareholders of
record on September 18, 2007. Decisions on future dividends will be made by
the Company's Board of Directors on a quarterly basis.
The Company also today announced that its Board of Directors declared a
special cash dividend of $0.075 per common share, payable on October 2, 2007
to shareholders of record on September 18, 2007.
Mr. Gordon Reykdal, Chairman and CEO commented, "We are pleased that our
shareholders are able to participate in the Company's success through the
payment of dividends. The dividends reflect the Company's improved working
capital position and strong cash flow generated over the past year."
Rentcash is the only payday advance broker in Canada publicly traded on
the Toronto Stock Exchange (TSX:RCS). Rentcash operates more than 425 stores
across Canada under three banners: The Cash Store, Instaloans and Insta-rent.
The Cash Store and Instaloans act as brokers to facilitate payday advance
services to income-earning consumers and provide two private-label debit
cards, The Cash Store Cash Card(TM) and InstaWorld Debit Card, to those who
may not be able to obtain them from traditional banks.
Insta-rent rents brand-name furniture, appliances, electronics and
computers, with or without an option to purchase. Insta-rent operates
primarily in The Brick and United Furniture Warehouse locations, which are
part of The Brick Group, one of Canada's largest volume retailers of household
furniture, mattresses, appliances and home electronics.
Rentcash employs more than 1,800 associates and is headquartered in
For further information:
For further information: Gordon J. Reykdal, Chairman and Chief Executive
Officer, (780) 408-5118 or Michael J.L. Thompson, Vice President, Investor
Relations & Government Affairs, (780) 408-5595, Cell: (613) 371-4093