RWY Rent Way

Rent-Way Files Registration Statement With Securities and Exchange Commission Announces Third Quarter 2004 Earnings Release Date ERIE, Pa., July 8 /PRNewswire-FirstCall/ -- Rent-Way, Inc. (NYSE:RWY) today announced the filing of a registration statement on Form S-8 with the Securities and Exchange Commission. The registration statement covers up to 1.7 million shares of common stock that may be issued on the exercise of options granted under the company's 2004 Stock Option Plan. The 2004 Stock Option Plan was approved by the company's shareholders at the annual meeting held on March 10, 2004. The company also announced the filing of a shelf registration statement on Form S-3 on June 18, which covers shares of common stock issuable on conversion of an additional $5 million of the company's Series A convertible preferred stock. This additional Series A preferred stock was issued pursuant to the exercise of an option granted in connection with the company's initial sale in June 2003 of $15.0 million of the Series A convertible preferred stock. The shelf registration statement was filed in order to comply with the company's obligations under a registration rights agreement with the holders of the Series A preferred stock. Rent-Way also announced that it will host a conference call in connection with the release of its financial results for its third quarter ended June 30, 2004. The call will take place at 4:30 p.m. Eastern time on Thursday, July 29. Participants may access the call via web cast at http://www.firstcallevents.com/service/ajwz408345020gf12.html . A replay of the web cast will be available for two weeks. About Rent-Way Rent-Way is one of the nation's largest operators of rental-purchase stores. Rent-Way rents quality name brand merchandise such as home entertainment equipment, computers, furniture and appliances from 753 stores in 33 states. DATASOURCE: Rent-Way, Inc. CONTACT: Bill Morgenstern of Rent-Way, Inc., +1-814-455-5378 Web site: http://www.rentway.com/ http://www.firstcallevents.com/service/ajwz408345020gf12.html

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