Rentcash Inc. announced that, effective today, its Thunder Bay Cash Store, located at 277 Red River Road, has become a full service Canada Post outlet. Managed by Dana Popowich, the Thunder Bay store, one of 83 Cash Stores nationwide, is the first to add a Canada Post outlet to its main business line of brokering payday and other short term loans to income earning consumers.

The public is invited to the Grand Opening celebration at the new Cash Store/Canada Post outlet at 3 pm on November 24. The celebration will be hosted by Popowich and her staff and will be attended by Gordon J, Reykdal, President and Chief Executive Officer of Rentcash, and Barret Reykdal, Chief Operating Officer of The Cash Store for Western and Central Canada.

Rentcash's Thunder Bay Cash Store and Insta-rent outlets are part of an Edmonton-based national chain, now numbering 102 outlets in eight provinces, including 27 Cash Stores in Ontario and 19 Insta-rent outlets nationwide. Insta-rent rents brand name furniture, appliances, electronics and computers, with or without an option to purchase, and are located primarily within The Brick, Canada's largest retailer of home furnishings, bedding, appliances, televisions, video recorders, stereo equipment and computers under one roof.

"This new outlet has been a long time coming," said Brian Garagan, Canada Post Manager of Media and Community Affairs, Prairie East. "All of Canada Post is pleased to find a good partner in Rentcash to join in this new facility. We believe we have achieved something we have been seeking for some time-to provide local Canada Post services in this area of Thunder Bay."

"We have enjoyed excellent success with our Cash Store and Insta-rent outlets in Thunder Bay and are pleased to partner with Canada Post in providing these much-needed additional services," said Gordon Reykdal. "In addition to our new Canada Post offerings, we have brought other new financial services to consumers who have been all but abandoned by conventional financial institutions. Consumers seeking short-term payday advances of $100 to $500 now have a place to access these funds quickly and efficiently. We provide all of our customers with The Cash Store Cash Card, which allows customers to make purchases and cash withdrawals at any ATM or debit card terminal in Canada".

Rentcash is also pleased to announce the appointment of Mr. Brian Hesje to the Board of Directors of the Corporation who will replace Mr. A. Murray Sinclair who has resigned as a Director.

The Company currently employs 307 people including its head office located in Edmonton, Alberta.