Bestway, Inc. Reports Fiscal 2004 First Quarter Results; Same Store Revenues Up 9.5%

Bestway, Inc. Reports Fiscal 2004 First Quarter Results; Same Store Revenues Up
9.5% 


DALLAS, Dec. 11  /PRNewswire-FirstCall/ -- Bestway, Inc. , today released
financial results for its fiscal first quarter, ended October 31, 2003.

The Company had total revenues for the quarter ended October 31, 2003 of
$9,059,027, a $786,065 increase from $8,272,962 for the same period in the prior
year.  We achieved this 9.5% year-over-year revenue increase from same stores. 
Net earnings for the first quarter ended October 31, 2003 increased to $64,505,
or $.04 per share on a diluted basis, compared to net loss of $236,690, or $.14
per diluted share, for the same period last year.

The year-over-year increase in total revenues and net earnings is primarily
attributable to several strategic efforts implemented in fiscal year 2003. 
Specifically, the Company implemented strategies to improve profitability,
including eliminating lower-cost, lower-margin merchandise from our product mix,
focusing on higher revenue-generating merchandise, investing in training and
developing our people and implementing a more aggressive and targeted marketing
campaign.

"We are very pleased with increased results in both revenues and earnings and
look forward to continued growth this year," said David A. Kraemer, President
and Chief Executive Officer.  "We remain focused on aggressive training and
marketing initiatives implemented this last year, while strategic efforts this
year include focusing on opportunities for expansions or relocations of current
stores based on targeted market analysis."

Bestway, Inc. owns and operates a total of sixty-nine rent-to-own stores located
in the southeastern United States.  These stores generally offer high quality
brand name merchandise such as home entertainment equipment, appliances,
furniture and computers under flexible rental purchase agreements that generally
allow the customer to obtain ownership of the merchandise at the conclusion of
an agreed upon rental period.

This press release and the guidance above contain various "forward-looking
statements" that involve risks and uncertainties.  Forward-looking statements
represent the Company's expectations or beliefs concerning future events.  Any
forward-looking statements made by or on behalf of the Company are subject to
uncertainties and other factors that could cause actual results to differ
materially from such statements.  These uncertainties and other factors include,
but are not limited to, (i) the ability of the Company to open or acquire
additional rental-purchase stores on favorable terms, (ii) the ability of the
Company to improve the performance of such acquired stores and to integrate such
opened or acquired stores into the Company's operations, (iii) the impact of
state and federal laws regulating or otherwise affecting rental- purchase
transactions, (iv) the impact of general economic conditions in the United
States and (v) the impact of terrorist activity, threats of terrorist activity
and responses thereto on the economy in general and the rental- purchase
industry in particular.  Undo reliance should not be placed on any
forward-looking statements made by or on behalf of the Company as such
statements speak only as of the date made.  The Company undertakes no obligation
to publicly update or revise any forward-looking statement, whether as a result
of new information, the occurrence of future events or otherwise.

   BESTWAY, INC.
   SELECTED BALANCE SHEET DATA (Unaudited)

                                               October 31,        July 31,
                                                  2003              2003

  Cash and cash equivalents                     $319,214          $305,869
  Prepaid expenses and other assets              264,900           234,908
  Rental merchandise, net                     13,705,877        13,858,064
  Property and equipment, net                  2,500,351         2,732,798
  Total assets                                19,560,785        20,002,168

  Accounts payable                             1,172,840           751,328
  Debt                                         8,547,096         9,451,299
  Total liabilities                           11,172,545        11,683,375
  Stockholders' equity                         8,388,240         8,318,793


   BESTWAY, INC.
   CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

                                                   Three Months Ended
                                                       October 31,
                                                 2003              2002
  Revenues:
     Rental and fee income                    $8,894,938        $7,994,191
     Sales of merchandise                        164,089           278,771
                                               9,059,027         8,272,962

  Cost and operating expenses:
     Depreciation and amortization:
       Rental merchandise                      1,759,171         1,620,547
       Other                                     328,441           372,537
     Cost of merchandise sold                    156,359           352,240
     Salaries and wages                        2,641,325         2,444,473
     Advertising                                 463,889           384,990
     Occupancy                                   618,270           589,060
     Other operating expenses                  2,837,956         2,654,078
     Interest expense                            152,814           175,165
     (Gain) loss on sale of property
      and equipment                               (2,572)              786
                                               8,955,653         8,593,876

  Income (loss) before income taxes              103,374          (320,914)

     Income tax expense (benefit)                 38,869           (84,224)

  Net income (loss)                              $64,505         $(236,690)

  Basic and diluted net income (loss)
   per share                                        0.04            $(0.14)

  Weighted average common
   shares outstanding                          1,678,672         1,652,572

  Diluted weighted average common
   shares outstanding                          1,835,559         1,652,572


DATASOURCE: Bestway, Inc.



CONTACT:  Beth A. Durrett, Chief Financial Officer,

 , or David A. Kraemer, President and Chief Executive

Officer, both of Bestway, Inc., 1-214-630-6655

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