SOURCE Aaron Rents, Inc.

http://www.aaronrents.com

Mr. Michaels joined Aaron Rents in 1995 and held various internal audit positions. He advanced to Director of Franchise Finance in 1999 of the Aaron's Sales & Lease Ownership division and was promoted to Vice President, Franchise Finance in August, 2005. He is a graduate of the University of Florida with a Bachelor of Science degree in Business Administration and holds a Masters of Business Administration degree from Georgia State University. He is also a Certified Public Accountant.

Aaron Rents, Inc., based in Atlanta, currently has more than 1,570 Company-operated and franchised stores in 48 states and Canada.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release regarding Aaron Rents, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include factors such as changes in general economic conditions, competition, pricing, customer demand and other issues, and the risks and uncertainties discussed under "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2007.

SOURCE Aaron Rents, Inc.

http://www.aaronrents.com

"The residential rent-to-rent business currently represents approximately 6% of our consolidated revenues, and for many years has not had the same growth rate or prospects of our fast growing and highly successful Aaron's Sales & Lease Ownership division," stated Robert C. Loudermilk, Jr., President and Chief Executive Officer of Aaron Rents.

"This sale will enable us to focus our resources and energy on growing the Aaron's Sales & Lease Ownership division. With this divesture, we anticipate the Company will record increased revenue and earnings growth rates in future periods."

Aaron Rents will treat the sale for accounting purposes as a discontinued operation beginning with its third quarter results. The Company does not expect to record any significant gain or loss on the sale and its earnings guidance for the third quarter and fiscal year 2008 is unchanged. The sale, which is subject to customary closing conditions, including antitrust clearance, is expected to close by the end of 2008.

Aaron Rents, Inc., based in Atlanta, currently has a total of more than 1,575 Company-operated and franchised stores in 48 states and Canada.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release regarding Aaron Rents, Inc.'s business and the pending divestiture discussed herein which are not historical facts are "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include factors such as changes in general economic conditions, competition, pricing, customer demand and other issues, and the risks and uncertainties discussed under "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2007. Statements in this release that are "forward-looking" include without limitation the effect of the divestiture on the Company's future revenue and earnings growth rates.

SOURCE Aaron Rents, Inc.

http://www.aaronrents.com/

Robert C. Loudermilk, Jr., President and Chief Executive Officer, added, "Ken Butler is a great asset to the Company and has earned his new role as COO. I look forward to working with him as we continue to build the business."

Mr. Butler started his career with Aaron Rents in 1974 as a Store Manager. He advanced to Regional Manager, first in the Washington/Baltimore Region and then in the Western Region, as the Company was then organized. He was promoted to National Merchandising and Sales Manager in 1983, Vice President of the Aaron's Rental Purchase division, now known as the Aaron's Sales & Lease Ownership division, in 1986, and in 1995 was promoted to President of the division.

Under Mr. Butler's leadership, Aaron's Sales & Lease Ownership has grown from infancy to more than 1,500 Company-operated and franchised stores. The division is the Company's growth leader and its franchise program ranks among the top U.S. franchisors in national surveys.

Aaron Rents, Inc., based in Atlanta, currently has a total of more than 1,570 Company-operated and franchised stores in 48 states and Canada.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release regarding Aaron Rents, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include factors such as changes in general economic conditions, competition, pricing, customer demand and other issues, and the risks and uncertainties discussed under "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2007.

SOURCE Aaron Rents, Inc.

http://www.aaronrents.com