Coutu's background in financial services and public accounting, will be invaluable in taking Rentcash to the next level of growth and development
Gordon Reykdal, Founder and CEO of RentCash

Rentcash Inc (TSXV: RCS) announced today that Darin R. Coutu C.A. will be appointed Executive Vice President and Chief Financial Officer effective June 30. Mr. Coutu replaces Gary J. Wooldridge, who is retiring after holding the same position since Rentcash's inception.

Mr. Coutu was previously employed by two other Toronto Stock Exchange companies including, most recently, the Canadian Western Bank, where he was its Senior Assistant Vice President and Chief Accountant for the past two years. He previously was a Senior Principal for KPMG LLP and held the position of Manager of Finance and Corporate Controller for the Edmonton Regional Airports Authority. Active in the Edmonton community, Mr. Coutu is a director of the Support Network Foundation and also acts as mentor to the Young Entrepreneurs Organization.

"Darin Coutu is an outstanding addition to the growing Rentcash management team," Reykdal commented. His background in financial services and public accounting, will be invaluable in taking Rentcash to the next level of growth and development.

Reykdal added, "It has been a pleasure working with Gary Wooldridge these past four years. He is a dedicated team player and his expertise and hard work in establishing a strong infrastructure for the Company has been a major contributor to the success of the Rentcash team. We all wish Gary good luck and much happiness in his retirement."

Rentcash operates under three store 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. They provide two private label debit cards, the Cash Store Cash Card(TM) and InstaWorld Debit Card, for those who may not be able to obtain them from banks. Insta-rent rents brand name furniture, appliances, electronics and computers, with or without an option to purchase. Insta-rent stores are primarily located in The Brick and United Furniture Warehouse chain of stores, which are part of The Brick Group, one of Canada's largest volume retailers of household furniture, mattresses, appliances and home electronics.

As of June 27, Rentcash operated 361 stores in nine provinces and two territories. (178 Cash Stores, 99 Instaloans and 84 Insta-rent outlets).