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Rent Way Inc

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April 22, 2000 | Bloomberg News
Rent-Way Inc. said computer maker Gateway Inc. will invest $7 million in the No. 2 rent-to-own chain as part of an exclusive rental-supply agreement. Rent-Way will offer Internet-equipped Gateway computers for a weekly rental fee of about $20 in its 1,100 stores under the three-year pact. That's half the fee that the rest of the industry charges, Rent-Way said. Rent-Way rents home entertainment equipment, furniture and major appliances with purchase options at its Rent-Way and HomeChoice stores.
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BUSINESS
November 1, 2000 | From Reuters
Rent-Way Inc., the No. 2. U.S. operator of rent-to-own stores, said it suspects two executives of putting fake entries in the company's ledgers to boost earnings, sending its shares plunging 78%. The suspected executives are Jeffrey Conway, the president and chief operating officer who was asked to temporarily give up his duties Monday, and Matthew Marini, the now-suspended corporate controller, said Ron DeMoss, the company's general counsel.
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