easyhome Ltd. and Insta-Rent Inc. Announce Mailing of Bid Circular

MISSISSAUGA, ONTARIO–(EMWNews – Aug. 20, 2008) – easyhome Ltd. (TSX:EH) (“easyhome”) and Insta-Rent Inc. (TSX VENTURE:IRR) (“Insta-Rent”) today announced that easyhome had mailed to shareholders of Insta-Rent Inc. (“Insta-Rent”) a take-over bid circular dated August 20, 2008, and related documents, in connection with easyhome’s previously announced offer for all of the issued and outstanding common shares of Insta-Rent for cash consideration of $0.50 per share (the “Offer”).

Included in the package mailed to shareholders was the directors’ circular prepared by Insta-Rent’s Board of Directors, in which the Board of Directors states its determination that the Offer is fair and in the best interests of Insta-Rent and holders of Insta-Rent shares and unanimously recommends that the shareholders of Insta-Rent accept the Offer and tender their shares.

The Offer price represents a premium of approximately 43% based on the closing price of the Insta-Rent shares on the TSXV on August 12, 2008, the last full trading day prior to the announcement of the intention to make the Offer, and a premium of approximately 142% to the volume weighted average trading price for the 20 previous days ending August 12, 2008.

The Offer is subject to certain conditions that are required to be satisfied prior to take-up and payment by easyhome, including, among other things, a minimum of 66 2/3% of the Insta-rent shares being properly tendered under the Offer. The Offer is scheduled to expire at 5:00 p.m. (Toronto time) on September 25, 2008, unless the Offer is extended or withdrawn by easyhome.

Shareholders may obtain a copy of the take-over bid circular, letter of acceptance and transmittal, directors’ circular and other materials on SEDAR at www.sedar.com.

About easyhome

easyhome Ltd. has 223 stores, including 209 Canadian corporate stores, 9 U.S. corporate stores, 4 Canadian franchised stores and 1 licensed Canadian store. easyhome Ltd. is Canada’s largest merchandise leasing company and the third largest in North America, offering top quality, brand-name household furnishings, appliances and home electronic products to consumers under weekly or monthly leasing agreements. easyhome Ltd. is listed on the TSX under the symbol ‘EH’.

About Insta-Rent

Insta-Rent operates 50 stores 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 200 associates and is headquartered in Edmonton, Alberta.

Forward-Looking Information

This news release includes forward-looking information about easyhome and Insta-Rent including their business operations, strategy and the proposed Insta-Rent acquisition. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as ‘expects’, ‘anticipates’, ‘intends’, ‘plans’, ‘believes’ or negative versions thereof and similar expressions. In addition, any statements that may be made concerning future financial performance (including revenues, earnings or growth rates), ongoing business strategies or prospects about future events is also a forward-looking statement. Forward-looking statements are based on certain factors and assumptions, including expected growth, results of operations and business prospects and are inherently subject to among other things, risks, uncertainties and assumptions about our operations economic factors and the industry generally. They are not guarantees of future performance, and actual events and results could differ materially from those expressed or implied by forward-looking statements, due to, but not limited to important factors such the closing of the Offer and the integration of the Insta-Rent operations with easyhome’s. The reader is cautioned to consider these and other factors carefully and not place undue reliance on easyhome’s or Insta-Rent’s forward-looking statements. Management of each of easyhome and Insta-Rent are under no obligation (and expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise, unless otherwise required by law.

This press release and the information contained herein does not constitute an offer of securities for sale in the United States.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.