- 27 January, 2006 -

Rent-A-Wreck of America, Inc. ("Rent-A-Wreck") is pleased to announce that today it completed its merger with MBFG, Inc., a Delaware corporation ("MBFG"). On January 20, 2006, Rent-A-Wreck announced that it had entered into an agreement to merge with MBFG. Upon completion of the merger today, holders of record of pre-merger Rent-A-Wreck stock, subject to applicable requirements, became entitled to receive $0.40 in cash per share of Rent-A-Wreck Common Stock and $0.88 in cash per share of Rent-A-Wreck Series A Convertible Preferred Stock. Such holders are to receive formal notices and instructions with regard to their shares, including information with respect to statutory appraisal rights. For further information, contact: Michael DeLorenzo - Vice President (240) 581-1350 mike@rentone.com

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