Bill Johnson has been appointed President and Chief Executive Officer of Insta-Rent. Johnson has been the President and Chief Operating Officer of the rental business since April 2006.

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

Rentcash announced the completion of the spin-off of Insta-Rent, Rentcash's rent-to-own division. Rentcash has been working toward separating its payday loan and rent-to-own divisions since September, 2006 (see story).

Rentcash also announced that it has changed its name change to "The Cash Store Financial Services Inc." ("Cash Store Financial"). Effective April 7, 2008, Rentcash's shares will trade on the Toronto Stock Exchange ("TSX") under its new name under the trading symbol ("CSF").

Gordon Reykdal, Chairman and CEO of Rentcash said, "The name change to The Cash Store Financial Services Inc., is a clear definition of the company's primary focus of payday advances, and signals the completion of separating the payday advance and rental businesses. We are extremely excited to complete the spin-out of Insta-Rent and to bring clarity to the operating models of both the payday advance and rental businesses."

Insta-Rent also announced that Bill Johnson has been appointed President and Chief Executive Officer of Insta-Rent. Johnson has been the President and Chief Operating Officer of the rental business since April 2006.

The spin-off of Insta-Rent was approved by the Rentcash shareholders on November 28, 2007 (see story). Shareholders will now hold one Cash Store Financial common share and one Insta-Rent common share for each Rentcash common share previously held.

Separate trading of the Insta-Rent common shares is expected to commence on the TSX Venture Exchange on April 7, 2008 under the symbol "IRR".

Cash Store Financial will employ 1,500 associates and operate more than 370 branches across Canada under two banners: The Cash Store and Instaloans. Insta-Rent will operate 60 stores under the Insta-Rent banner and employ 250 associates. All Insta-Rent locations are located inside The Brick stores.