On October 1st, we reported that Rent Rite Rental Purchase was named the nation’s fourth fastest growing privately held retailer. The company posted a staggering 12,359% increase in revenues over the last 5 years.

According to Rent Rite President Ed Stanko, the company’s growth is a result of a very significant number of consumers who are switching to Rent Rite from other rental purchase companies. "Our weekly payments are low, our merchandise is nationally known, we have no hidden fees and we are very customer service oriented, " Stanko said.

"We are pleased with being recognized as the fourth fastest growing company, but especially delighted at being the number one fastest in our industry", said Stanko.

Rent Rite employs 500 people in Connecticut, Delaware, Florida, Georgia, Indiana, Massachusetts, Maryland, Pennsylvania, Rhode Island, South Carolina and Virginia.

Chairman of the Board, Karl Schledwitz states, "Rent Rite’s national expansion has exceeded all growth expectations and I look forward to continued sound and profitable growth."

Founded in 1998 by Ed Stanko, Karl Schledwitz, Tom Mitchell and David Pagano, Rent Rite is the fifth largest rental purchase company in America and is headquartered in Boca Raton, Florida.