We are constantly on the lookout for acquisitions that can either fill a strategic void where we are currently doing business, or stores that will provide solid rural or metropolitan coverage where we desire future expansion.
David A. Kraemer, President and CEO, Bestway

Bestway, Inc. (BSTW) has completed the asset acquisition of Rent World's seven rent-to-own locations in Mississippi and Tennessee. Bestway officials say five of the stores will remain open while two will be combined with existing Bestway locations.

David A. Kraemer, Bestway's President and Chief Executive Officer, said, "We are excited about the addition of the Rent World team to our company. We look forward to the increased market coverage that the Rent World locations provide for our service coverage area, but are even more pleased to have the Rent World staff combine with our skilled managers and service professionals."

Mr. Kraemer also stated that, "For the last several years the Company has concentrated on its existing store operations where it has experienced consistent improvement in same store sales. We are constantly on the lookout for acquisitions that can either fill a strategic void where we are currently doing business, or stores that will provide solid rural or metropolitan coverage where we desire future expansion."

Bestway "went private" in 2004 (see story). The company operates seventy-four rent-to-own stores in the southeastern U.S.