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.
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