Rent-Way Strengthens Management Team; Hires Veteran Financial Executive

Apr 04, 2001, 01:00 ET from Rent-Way, Inc.

    ERIE, Pa., April 4 /PRNewswire/ -- Rent-Way Inc. (NYSE:   RWY) announced
 today that it has hired John Lombardi as Vice President, Corporate Controller
 and Chief Accounting Officer.  Most recently, he served as CFO and Treasurer
 at Community Rehab Centers, Inc., Boston, Massachusetts.  William E.
 Morgenstern, Chairman and CEO of Rent-Way, stated, "We are delighted to add
 John to our senior management team.  He provides us with extensive experience
 in implementing best practice accounting systems and policies and will play a
 central role in our ongoing effort to tightly manage all internal financial
 data and accounting activities in our company.  We welcome his expertise,
 which he has developed in his work as a senior financial executive, consultant
 and auditor."
     Prior to joining Community Rehab Centers, he served as CFO and Treasurer
 of Northstar Health Services Inc.  A CPA, Mr. Lombardi worked in public
 accounting at Arthur Andersen for nearly 10 years as a senior manager in the
 firm's audit and business advisory practice.  During this time, he performed
 financial audits, due diligence investigations, cost-productivity reviews, and
 internal control studies.  He received his B.S. in Accounting from Gannon
 University.
     Rent-Way is the second largest operator of rental-purchase stores in the
 United States.  Rent-Way rents quality name brand merchandise such as home
 entertainment equipment, computers, furniture and appliances from 1,138 stores
 in 42 states.
 
 

SOURCE Rent-Way, Inc.
    ERIE, Pa., April 4 /PRNewswire/ -- Rent-Way Inc. (NYSE:   RWY) announced
 today that it has hired John Lombardi as Vice President, Corporate Controller
 and Chief Accounting Officer.  Most recently, he served as CFO and Treasurer
 at Community Rehab Centers, Inc., Boston, Massachusetts.  William E.
 Morgenstern, Chairman and CEO of Rent-Way, stated, "We are delighted to add
 John to our senior management team.  He provides us with extensive experience
 in implementing best practice accounting systems and policies and will play a
 central role in our ongoing effort to tightly manage all internal financial
 data and accounting activities in our company.  We welcome his expertise,
 which he has developed in his work as a senior financial executive, consultant
 and auditor."
     Prior to joining Community Rehab Centers, he served as CFO and Treasurer
 of Northstar Health Services Inc.  A CPA, Mr. Lombardi worked in public
 accounting at Arthur Andersen for nearly 10 years as a senior manager in the
 firm's audit and business advisory practice.  During this time, he performed
 financial audits, due diligence investigations, cost-productivity reviews, and
 internal control studies.  He received his B.S. in Accounting from Gannon
 University.
     Rent-Way is the second largest operator of rental-purchase stores in the
 United States.  Rent-Way rents quality name brand merchandise such as home
 entertainment equipment, computers, furniture and appliances from 1,138 stores
 in 42 states.
 
 SOURCE  Rent-Way, Inc.