Rentcash was founded in 2000 by rent-to-own industry veteran Gordon Reykdal. The company reported 2006 sales of $154 million-up 33,700% from 2001.

RentCash CEO Gordon Reykdal was featured in the November, 2005 print edition of RTO Magazine. Download entire November, 2005 issue.

Rentcash Inc (TSXV: RCS), parent of Canadian rent to own company InstaRent, was named the fastest growing company in Canada today by PROFIT magazine.

According to PROFIT, Rentcash has grown its payday loan business by 33,000% in the past 5 years, outpacing the number two Canadian company by a factor of 4.

"Our 1,800 associates are committed to success and it shows in our results," said Gordon Reykdal, Chairman and CEO. "The past five years have been remarkable for Rentcash. In a very short period of time we have grown into the largest network of payday advance outlets in Canada. We have established a solid footprint and look forward to many years of strong, sustained levels of profitability," added Mr. Reykdal.

Edmonton based Rentcash was named Canada's #1 Canadian smallcap company based on a 1 year return by Canadian Business Magazine in 2005 (see story).

Rentcash said in September, 2006 that it would spin off its rent to own division (see story). The company said last month that Instarent would be sold to stockholders (see story).

PROFIT released its annual PROFIT 100 today. The list boasts average revenue growth of 2,095% over the past five years. Even more impressive, says PROFIT, is that their climb to combined annual sales of $11.5 billion hasn't come at the expense of profitability: 78% of the PROFIT 100 were in the black in their most recent fiscal year, averaging net income of 10.4% of revenue.

"PROFIT 100 companies are the new heroes of Canadian business, creating jobs at home and products used around the world," says Ian Portsmouth, editor of PROFIT magazine. "They've accomplished this by building great employee teams, exploiting export markets and rapidly responding to the customer's fast-changing needs."

Rentcash was founded in 2000 by rent-to-own industry icon Gordon Reykdal. The company reported 2006 sales of $154 million-up 33,700% from 2001.

Twenty-one companies from this year's PROFIT 100 are based in British Columbia, with 18 out of Alberta, two from Manitoba, 42 out of Ontario, 12 from Quebec and five from Atlantic Canada. Across the country, PROFIT 100 companies created 27,413 jobs from 2001 to 2006.