easyhome Ltd.

easyhome Ltd.

March 15, 2005 17:51 ET

easyhome Ltd. Announces Normal Course Issuer Bid


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: EASYHOME LTD.

TSX SYMBOL: EH

MARCH 15, 2005 - 17:51 ET

easyhome Ltd. Announces Normal Course Issuer Bid

TORONTO, ONTARIO--(CCNMatthews - March 15, 2005) - easyhome Ltd.
(TSX:EH) announced today acceptance by the Toronto Stock Exchange (the
"TSX") of easyhome Ltd.'s Notice of Intention to make a Normal Course
Issuer Bid (the "NCIB"). Pursuant to the NCIB, easyhome Ltd. proposes to
purchase, from time to time, if it is considered advisable, up to an
aggregate of 432,569 Common Shares, being approximately 10% of the
public float of its issued and outstanding Common Shares as of March 9,
2005, on the TSX. Purchases may commence through the TSX on March 22,
2005 and will conclude on the earlier of the date on which purchases
under the bid have been completed and March 21, 2006.

The Board of Directors of easyhome Ltd. believes that the proposed
purchases are in the best interests of easyhome Ltd. and are a desirable
use of corporate funds. All Common Shares purchased by easyhome Ltd.
pursuant to the NCIB will be cancelled.

easyhome Ltd. is Canada's largest merchandise rental company and the
fourth largest in North America, offering top quality, brand-name
household furnishings, appliances and home electronic products to
consumers under weekly or monthly rental agreements. easyhome Ltd. is
listed on the TSX under the symbol 'EH'.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    easyhome Ltd.
    Donald K. Johnson
    Chairman of the Board
    (416) 359-4119
    or
    easyhome Ltd.
    David Ingram
    President and Chief Executive Officer
    (905) 272-2788
    or
    easyhome Ltd.
    Bill Johnson
    Executive Vice President & Chief Financial Officer
    (780) 930-3012