easyhome Ltd.
TSX : EH

easyhome Ltd.

November 17, 2008 11:36 ET

easygates, LLC and easyhome™ Master Franchisor Promotes Two Officers to Co-President

WICHITA, KANSAS--(Marketwire - Nov. 17, 2008) - easyhome Ltd. (TSX:EH):

easygates, LLC - Bud Gates, Chairman and CEO of easygates, LLC announced the promotions of Ladd Welch and Chris Prater to Co-Presidents of easygates, LLC. They will share the office of the President with Ladd as President of Operations and Chris as President of Finance and Sales. Previously, Mr. Welch was Vice President of Operations and Mr. Prater was Vice President of Finance and Chief Financial Officer for easygates; both also worked with Mr. Gates at Rent-A-Center and THORN Americas, Inc. easygates, LLC was established in 2007 by Mr. Gates to develop both corporate and franchise stores in the $6 billion rent-to-own industry.

easygates, LLC through easyhome U.S. Ltd. has the exclusive rights to franchise or operate easyhome ™ stores in 36 states in the U.S., which do not border with Canada. easyhome Ltd. ( parent company of easyhome U.S. Ltd), is Canada's largest merchandise leasing company and the third largest public leasing company in North America, offering top quality, name brand household furnishings, appliances and electronics to consumers. easyhome Ltd. Operates 226 stores across Canada and the U.S.

Mr. Gates stated, "I am very pleased to announce these promotions. Not only are Ladd and Chris masters of their respective functional areas, they work together so seamlessly they function as one. They have helped to make the dream of easygates a reality, and I have no doubt they will ensure our future is bright indeed."

Mr. Welch most recently served as President of Value Place Property Management, LLC. Prior to this, he served as Vice President of Operations for Corporate Lodging. Mr. Welch also served as Division Vice President of Jiffy Lube stores and as Division Vice President for SpinCycle, LLC. Ladd started his rental career with THORN Americas from 1988 - 1997 where he held various operational roles, leaving as Regional Director.

Mr. Prater served for 9 years as Chief Financial Officer and Vice President - Finance and Administration for the International Pizza Hut Franchise Holders Association (IPHFHA), which represents all U.S. Pizza Hut franchisees. Previously, he served in various roles with THORN Americas, Inc. from 1989 - 1999. Prior to this, he was employed by PepsiCo and Pepsi Cola Bottling and Arthur Andersen and Company.

Contact Information

  • easygates, LLC
    Bud Gates
    Chairman & CEO
    8100 E. 22nd St. N., Ste. 2100-3
    Wichita, KS 67226