easyhome will combine the responsibility for merchandise, marketing and operations into a single Senior Vice President position filled by Dave Maries.

easyhome announced the streamlining of other responsibilities at head office, combining the responsibility for merchandise, marketing and operations into a single Senior Vice President position filled by Dave Maries (above).

Podcast interview with Dave Maries

easyhome, Canada's largest rent-to-own company, reported a 21.7% increase in revenue for the fourth quarter ending December 31, 2007. Same store revenue grew 13.5% representing the twenty-fifth consecutive quarter of comparable revenue growth.

David Ingram, President & CEO commented, "Once again, we finished the year with a record fourth quarter performance. We achieved record revenue and record earnings, and with the opening of 3 stores in New York State, began our transformation from a Canadian company to a North American company."

Net income for the quarter increased $0.2 million to $2.7 million. Diluted earnings per share of $0.26 was up $0.02 from the fourth quarter of 2006. Diluted earnings per share for the fourth quarter of 2007, adjusted for the impact of future tax rate changes was $0.30 up $0.06 or 25.0% from the comparable period in 2006.

easyhome opened 7 stores during the quarter.

For the full year, same store sales were up 9.1%. The company opened 22 stores and 4 financial services kiosks in 2007.

Ingram added, "In recent months, there has been increased attention to North America entering a period of economic turbulence. The trigger for this was the sub-prime mortgage crisis in the United States, which has been attributed to excessively easy credit and dubious lending practices in the major housing markets. As a result, there are clear signs that the North American economy will slow significantly in 2008. Our experience is that the merchandise leasing business is less sensitive to economic cycles than the typical retailer. In addition, as consumers' access to conventional credit is diminished, easyhome offers the financial flexibility to maintain their lifestyle goals without credit approval. In that sense, easyhome is truly a business for all seasons."

easyhome Shuffles Management Structure
Ingram noted, "With a strategic plan that is centered on continued store growth in both Canada and the U.S., easyhome has decided to double its focus on people by introducing the new position of Senior Vice President of Human Resources. This also signaled to our employees, that they remain our top priority. This position was filled by Pauline Holman, a human resources professional with over 20 years of experience in the field, most recently at Prime Restaurants."

easyhome also announced the "streamlining" of other responsibilities at head office, combining the responsibility for merchandise, marketing and operations into a single Senior Vice President position filled by Dave Maries.

"In his newly expanded role, Dave Maries, previously Vice President, Marketing and Merchandising, will draw on his 21 years of experience gained in the U.K., U.S. and Canada in the merchandise leasing industry," Ingram said. "We have also appointed Charley Hamill as Divisional Vice President Operations, who joins the team after 14 years with a major U.S. merchandising leasing company, where he was a regional manager based in Utah with responsibility for 42 locations."

"Finally, on behalf of the organization, we wish Randy Robertson, former Senior Vice President Operations, continued good fortune as a new franchisee with easyhome. Mr. Robertson joined the organization in 1990 and made a substantial contribution to our success, particularly since our brand transition in 2003 to easyhome. He has purchased 2 stores in Canada and has been awarded the exclusive rights to a territory in Michigan, U.S. We are thrilled that he will provide the leadership to expand the easyhome store base and remain part of our organization."

easyhome has established the following targets for fiscal 2008:

- Total revenue growth of 15-18%

- Same store revenue growth of 5.5%-7.5%

- New store openings of 28-32

Donald K. Johnson, Chairman of the Board, commented that, "With the recent additions of executive talent to the organization, we continue to believe that easyhome is well positioned to deliver above average growth in both the Canadian and US markets during the next few years. Furthermore, our business is not materially affected by the recent global credit crisis and turmoil in the capital markets. Our fourth consecutive annual dividend increase reflects the board's confidence in management continuing to achieve future guidance targets. On behalf of the Board of Directors I would like to thank Randy Robertson for 18 years of contribution to our Company's success."

The Board of Directors have approved a quarterly dividend payment of $ 0.085 per share payable on April 10, 2008 to the holders of common shares of record as at the close of business on March 31, 2008. The change in the quarterly dividend from $0.07 to $0.085 represents a 21.4% increase. It also marks the fourth consecutive year in which the Company has raised its dividend and reflects the Company's philosophy of increasing dividends in line with increases in trailing earnings.

easyhome operates 209 stores, of which 206 are Canadian corporate stores, 3 are U.S. corporate stores and 1 is a licensed Canadian store.