easyhome Announces Take-Up of Insta-Rent Shares Deposited Under Its Offer and Commencement of Compulsory Acquisition

easyhome Ltd. (TSX: EH) ("easyhome") and Insta-Rent Inc. (TSX VENTURE: IRR) ("Insta-Rent") jointly announced today that shareholders holding an additional 1,224,510 Insta-Rent shares have accepted the offer dated August 20, 2008, as extended on September 25, 2008 (the "Offer") and tendered such shares pursuant to the Offer. easyhome has taken-up the additional shares deposited under the Offer at 9:00 a.m. (Toronto time) on October 7, 2008, the expiry time of the extended Offer. Under the Offer, easyhome shall pay Cdn$0.50 per Insta-Rent share within three business days. In the aggregate, shareholders holding 18,819,159 Insta-Rent shares, representing approximately 96% of the outstanding Insta-Rent shares on a fully-diluted basis, have accepted the Offer.

Since the Offer was accepted by shareholders holding more than 90% of the Insta-Rent shares, easyhome has exercised its right under the compulsory acquisition provisions of the Business Corporations Act (Ontario) to acquire all the outstanding Insta-Rent shares not already owned by easyhome at the same price of Cdn$0.50 per share. Further details are provided in easyhome's Notice of Compulsory Acquisition which will be made available on the System for Electronic Document Analysis and Retrieval (SEDAR), at www.sedar.com.

About easyhome

easyhome has 222 stores, including 207 Canadian corporate stores, 9 U.S. corporate stores, 5 Canadian franchised stores and 1 licensed Canadian store. easyhome 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 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.

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

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