Rent-Way (RWY) will hold it's annual stockholders meeting at the Clarion Hotel  in Erie, Pennsylvania on Wednesday, March 10, 2004 at 10:00 a.m.

Both William Morgenstern and John Higbee are up for re-election to the board of directors.

William E. Morgenstern, a founder of the Company, has served as its Chief Executive Officer and as a director since its formation in 1981. In October 1999, Mr. Morgenstern was elected Chairman of the Board of the Company. Mr. Morgenstern began his rental-purchase industry career with Rent-A-Center, Inc. in 1979 in Ft. Worth, Texas. While employed by Rent-A-Center, he held the positions of store manager and district manager. Mr. Morgenstern is a former President of the Pennsylvania Association of Rental Dealers. Currently, Mr. Morgenstern is a member of the Board of Directors of Hamot Health Foundation, a non-profit organization that operates Hamot Medical Center, a tertiary medical center located in Erie, Pennsylvania. Mr. Morgenstern also serves as Chairman of the Board of Directors of Hamot Medical Center.

John W. Higbee has been a director of the Company since November 2001. From April 2002 to August 2003, Mr. Higbee was Chief Financial Officer of Le-Nature's, Inc., a privately held company engaged in the all natural beverage business. Prior to that, he was a partner of Arthur Andersen LLP for over twenty years.

Information regarding other Rent Way board members and executive officers

Gerald A. Ryan, a founder of the Company, served as Chairman of the Board of the Company from 1981 to October 1999 and as a director since its formation in 1981. Mr. Ryan currently serves as Chairman Emeritus of the Board and as a consultant to the Company. Mr. Ryan has also been instrumental in the formation of several other companies, including Spectrum Control, Inc. He presently serves as Chairman of the Board of Spectrum Control. Mr. Ryan is also President and Chairman of the Board of Erie Business Management Corp., a privately owned real estate development company, and Chairman of the Board of Automated Industrial Systems.

William Lerner has been a director of the Company since November 1992 and its corporate Secretary since January 1993. Mr. Lerner is a practicing attorney in New York since 1961 and in Pennsylvania since 1990. Mr. Lerner is also a director of Seitel, Inc., Micros-to-Mainframes, Inc. and Cortland Trust, Inc.

Robert B. Fagenson has been a director since August 1993. He has, for more than the past five years, been President and a director of Fagenson & Co., Inc., an investment securities firm. Since June 2000, Mr. Fagenson has served as Vice Chairman of the Management Committee of Van der Moolen Specialists USA, LLC. Mr. Fagenson is also a director of Cash Technologies, Inc. and was elected to the Board of Directors of the New York Stock Exchange for a two-year term which commenced on June 5, 2003. On December 17, 2003, Mr. Fagenson resigned as a director of the New York Stock Exchange.

Marc W. Joseffer has been a director of the Company since May 1994. Since April 1997, Mr. Joseffer has served as Vice President of Greenleaf Distributors, Inc., a pet food and pet products distributor. From May 1994 through October 1996, he was employed by the Company in various management positions. For more than five years prior thereto, he was Vice President and a principal shareholder of D.A.M.S.L. Corp., a private company engaged in the rental purchase business. D.A.M.S.L. was acquired by the Company in May 1994. Mr. Joseffer is a director of Greenleaf Distributors, Inc., a director of Jones & Joseffer, Inc. and a director and Vice President of Holimont, Inc., all privately-held corporations.

Jacqueline E. Woods has been a director of the Company since March 1999. Ms. Woods is a nationally-recognized educator and specialist in adult education, community colleges and education public policy. Ms Woods is currently the Executive Director of the American Association of University Women (AAUW), an association of three corporations that address education and equity issues of girls and women nationwide. In 1996, former President Clinton appointed her as the Director of the Liaison Office for Community Colleges for the U.S. Department of Education. From 1993 to 1996, Ms. Woods served as Vice Chancellor for External Affairs for the City Colleges of Chicago. Prior to that, she served as the Vice President for Institutional Advancement for the Community College of Philadelphia, and earlier in her career, held various other senior level positions at higher education associations and institutions. Ms. Woods also serves as a director of the Pivot Point, Inc., a privately-held corporation, and as a director on several non-profit boards, including the National Council for Women's Organizations and the Ms. Magazine Advisory Board.

William A. McDonnell was hired by the Company on February 1, 2000 as Vice President and Chief Financial Officer. Prior to his employment with the Company, Mr. McDonnell was a director in the Global Distribution Group for the Bank of Montreal. Prior to that position, Mr. McDonnell was Vice President and Relationship Manager in the Emerging Majors Group for Harris Bank.

Ronald D. DeMoss was elected Vice President and General Counsel of the Company in February 1996. From June 1990 through November 1995, Mr. DeMoss was employed as a corporate counsel for Rent-A-Center, Inc. and, in such capacity, managed successful efforts for the enactment of rental-purchase legislation in eleven states. During 1995, Mr. DeMoss also served as Rent-A-Center's Director of Government Relations. Mr. DeMoss is a member of the Board of Directors of The Association of Progressive Rental Organizations, or APRO, and currently serves on APRO's Government Relations Committee. From 1981 through 1990, Mr. DeMoss was a practicing attorney in Wichita, Kansas.

William S. Short was hired by the Company in July 1996 and served in various operations positions including Executive Vice President - Operations, Divisional Vice President - Operations, Vice President of Operations Administration, Director of Operations and Regional Manager. In July 2002, he was appointed Senior Vice President of Operations. Prior to his employment with the Company, he was employed by Rent-A-Center, Inc. for twelve years where he held various field positions, the last being Market Manager.

John A. Lombardi was hired by the Company in April 2001 as Vice President, Corporate Controller and Chief Accounting Officer. From August 1997 until he joined the Company, Mr. Lombardi served as the Chief Financial Officer and Treasurer at Community Rehab Centers, Inc. in Boston, Massachusetts. During 1996 and 1997, he served as Executive Vice President, Chief Financial Officer and Treasurer of Northstar Health Services Inc. From 1986 to 1996, Mr. Lombardi worked in the specialty consulting services and audit and business advisory services practices of Arthur Andersen LLP. Mr. Lombardi is a certified public accountant, a certified insolvency and reorganization accountant, and a certified fraud examiner.