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Attention Business Editors
Insta-Rent Grants Options to Directors and Officers
EDMONTON, May 13 /CNW/ - On May 7, 2008, Insta-Rent Inc. ("Insta-Rent" or
the "Company") (TSXV:IRR) granted an aggregate of 950,000 options to directors
and officers of the Company pursuant to Insta-Rent's Employee Incentive Stock
Option Plan (the "Plan"). Each option is exercisable to acquire one common
share at a price of $0.30 per option. The options granted have been approved
by the Company's board of directors and are subject to expire on May 7, 2013.
The Plan has been approved by the Company's shareholders.
About Insta-Rent
Insta-Rent operates 60 locations across Canada under the Insta-Rent
banner. Insta-Rent rents brand-name furniture, appliances, electronics and
computers, with or without an option to purchase. Insta-rent operates
primarily in The Brick and United Furniture Warehouse locations, which are
part of The Brick Group, one of Canada's largest volume retailers of household
furniture, mattresses, appliances and home electronics.
Insta-Rent employs more than 250 associates and is headquartered in
Edmonton, Alberta.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning
of the United States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities legislation. Generally, these forward-looking
statements can be identified by the use of forward-looking terminology such as
plans, anticipated, expects or does not expect, is expected, budget,
scheduled, estimates, forecasts, intends, anticipates or does not anticipate,
or believes, or variations of such words and phrases or state that certain
actions, events or results may, could, would, might or will be taken, occur or
be achieved. Insta-Rent is subject to significant risks and uncertainties
which may cause the actual results, performance or achievements to be
materially different from any future results, performance or achievements
expressed or implied by the forward-looking statements contained in this
release. A description of these risk factors can be found in Appendix J -
"Information Concerning Insta-Rent" in the Management Information Circular of
Rentcash Inc. dated October 30, 2007 and filed on SEDAR (www.sedar.com) under
Rentcash's profile. Insta-Rent cannot assure investors that actual results
will be consistent with these forward-looking statements and Insta-Rent
assumes no obligation to update or revise the forward-looking statements
contained in this press release to reflect actual events or new circumstances
except as required by applicable securities laws.
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
-30-
/For further information: Bill Johnson, President and Chief Executive
Officer, Insta-Rent Inc., (780) 732-5695/
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