"The increase in revenues indicates that consumer acceptance continues to grow. Our more mature stores contribute operating income to fund the strong pace of new store openings"
Gordon J. Reykdal President and CEO

Rentcash,  announced today that revenues for the second quarter ended December 31, 2003 advanced to $4,498,926 from $2,301,890 during the second quarter of 2002, an increase of $2.1 million or 95%.

In the quarter, the Company opened 11 new stores and absorbed start-up losses of $558,000 related to those store launches. As a result, the Company reported a net loss of ($361,382) for the second fiscal quarter compared with net income of $156,307 for the same quarter of the last fiscal year. As of December 31, 2003, the Company operated 104 stores in eight provinces, of which 85 were Cash Stores and 19 were Insta-rent operations. The Company operated just 44 stores as of December 31, 2002.

For the six-month period ended December 31, 2003, the Company reported revenues of $8,347,407, an increase of $4.1 million or 97% over the six month period ended December 31, 2002. The Company opened 34 stores in the six-month period ended December 31, 2003, compared with 19 in the same six months of the last fiscal year, resulting in a net loss of ($634,841) for the six-month period ended December 31, 2003, compared with net income of $243,848 for the same period last year. During the six-month period ended December 31, 2003, the Company absorbed start-up losses of $1,048,000 to fund new store expansion compared with $304,000 in start-up losses expensed for the same period last year.

"Revenues continue to advance sharply from quarter to quarter and from one fiscal year to the next," said Gordon J. Reykdal, Rentcash Inc. President and Chief Executive Officer. "The increase in revenues indicates that consumer acceptance continues to grow. Our more mature stores contribute operating income to fund the strong pace of new store openings."

Rentcash Inc. operates under two store banners: The Cash Store and Insta- rent. 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.