After removing the rental division's operations, Rentcash's net income for the year ended June 30, 2007 would have been approximately $8.4 million, compared to the reported amount of $5.9 million.

Rentcash today reported net income for the ended June 30, 2007 was $1.6 million, compared to $3.6 million in the same quarter last year. The lower earnings reflect lower rental revenue, increased expenses and higher retention payments.

During fiscal 2007, the Company announced its intention to spin-off the rental division to its shareholders. Rentcash anticipates that the spin-off will be completed during the second quarter of fiscal 2008. The transaction is contingent upon the receipt of the necessary regulatory, shareholder and court approvals. The Company has also applied to Canada Revenue Agency for a tax ruling in respect of the transaction. Management believes that divesting of the rental division will provide better clarity for both business models and have a positive long term impact on shareholder value.

Financial information indicates that, after removing the rental division's operations, Rentcash's net income for the year ended June 30, 2007 would have been approximately $8.4 million, compared to the reported amount of $5.9 million. Diluted earnings per share would have been approximately $0.41, compared to the reported amount of $0.28.

Gordon Reykdal, Chairman and CEO commented, "Several key initiatives took place in the last part of fiscal 2007 including a comprehensive training and development program designed to further provide store managers and associates with the knowledge and skills necessary to effectively perform their jobs. We believe that these initiatives have generated positive momentum and energy at the store level and contributed to the improved performance in the fourth quarter. We also believe that these initiatives should continue to contribute to improved performance in future periods."

In March of this year, Rentcash launched a '50% off check cashing' promotion that has resulted in volume growth and customer retention and in July 2007 the company successfully launched a prepaid credit card. "We also plan to rollout a customer loyalty program, an on-line lending platform, and alternative lending products in fiscal 2008," added Reykdal.

As at June 30, 2007, the Company had a total of 423 stores in operation, compared to 430 a year ago. The number of brokerage stores increased to 358 at year end, compared to 338 a year ago. The Company's target for new brokerage locations continues to be approximately two to three per month. Depending on financial performance, that target may be increased in the second half of the year.

In the rental division, the store count decreased to 65 as at June 30, 2007, compared to 92 a year ago as 27 locations operating at a financial loss were closed. The customer accounts for a majority of the stores closed were transferred to nearby locations. Management continues to carefully assess the potential for each rental location and if stores, still operating at a loss, are not able to reach profitability within a reasonable period, additional closures will occur. There are currently no new rental locations planned.

Rentcash also announced today that Ms. Nancy Bland, CA will be appointed Chief Financial Officer of Rentcash Inc., effective October 15, 2007. Ms. Bland will succeed Mr. Darin Coutu who is leaving the Company to pursue other interests.

Ms. Bland has been the Company's Vice President of Finance since March of 2006. Prior to joining Rentcash, Ms. Bland's experience includes positions with Capital Health, Luscar Ltd., The Northwest Territories Power Corporation and Grant Thornton Chartered Accountants. Nancy has a Bachelor of Commerce degree from the University of Alberta and holds both a Chartered Accountant and a Certified Internal Auditor designation.