Rentcash Inc announced today that it has entered into a financing agreement with Acumen Capital Finance Partners Limited ("Acumen") whereby Acumen will act as lead agent in the sale of Rentcash common shares.

Pursuant to the terms of the agreement, 1,250,000 Rentcash common shares will be issued on a private placement basis at a price of $2.00 per common share for gross proceeds of $2,500,000. The net proceeds from the offering will be used for new store expansion and working capital purposes. Closing is targeted for August 25, 2004 and is subject to normal conditions, including, but not limited to, satisfactory due diligence and the receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange.

 Rentcash operates under two store banners: The Cash Store and Insta-rent. The Cash Store acts as broker to facilitate payday cash advance services to income earning consumers and also brokers other financial services. Insta-rent rents brand name furniture, appliances, electronics and computers, with or without an option to purchase. Insta-rent stores are primarily located within The Brick, Canada's largest volume retailer of home furnishings, bedding, appliances, televisions, video recorders, stereo equipment and computers under one roof.