July 24, 2014 12:31 AM ET

Diversified Consumer Services

Company Overview of ColorTyme, Inc.

Company Overview

ColorTyme, Inc. operates as a franchisor of independently owned-and-operated rent-to-own stores in the United States. It rents bedroom, dining room, and living room furniture; electronics, such as widescreen plasma, LCD, DLP projection televisions, and home audio equipment; computers; and appliances. The company was founded in 1979 and is based in Plano, Texas. ColorTyme, Inc. operates as a subsidiary of Rent-A-Center, Inc.

5000 Legacy Drive

Suite 210

Plano, TX 75024

United States

Founded in 1979

Phone:

972-403-4905

Fax:

972-403-4923

Key Executives for ColorTyme, Inc.

Chief Executive Officer and President
Founder and Director of Purchasing
Co-owner
Vice President of Finance and Controller
Chief Operating Officer and Vice President
Compensation as of Fiscal Year 2014.

ColorTyme, Inc. Key Developments

ColorTyme Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2013

ColorTyme announced unaudited earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported revenues of $9,236,000 against $9,382,000 a year ago. Operating profit was $542,000 against $478,000 a year ago. For the six months, the company reported revenues of $19,453,000 against $21,369,000 a year ago. Operating profit was $1,245,000 against $1,196,000 a year ago.

ColorTyme, Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2013

ColorTyme, Inc. reported unaudited earnings results for the first quarter ended March 31, 2013. For the period, the company reported revenue of $10.217 million compared to $11.987 million a year ago. Operating profit was $0.703 million compared to $0.718 million a year ago.

Rent-A-Center, Inc. to Franchise Canadian Stores Through ColorTyme, Inc.'s Subsidiary

ColorTyme, Inc. will be expanding its reach internationally for the first time when it begins the franchising of 18 Rent-A-Centre locations in Canada. The 18 stores, which will continue to carry the Rent-A-Centre name once franchised, are located in the provinces of Alberta, Manitoba and Ontario and include 4 locations in the Toronto metropolitan area. Rent-A-Centre will be looking for either one or several master franchisees to purchase the existing locations, with plans to develop additional stores throughout the country.

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