Cort Business Services Corp.

From the April 28, 1997 Washington Post

	'96 (in $ 000s)	% Change From '95
Revenue	234,149	30.6
Net Income	15,936	156.3
Rank Last Year: 50

Description:
Cort Business Services rents furniture and office accessories, and services business trade shows. The company has 118 rental showrooms and 66 furniture clearance centers in most of the country's major cities.

Business Resume: Contact Info -- 4401 Fair Lakes Court Fairfax, Va. 22033 703-968-8500 Main Business -- Furniture rental--retail Founded -- 1972 Chairperson -- Charles M. Egan President -- Paul N. Arnold (CEO) Employees -- 2,000 D.C.-Area Employees -- 266

Developments:
Cort continued to grow last year, acquiring three furniture rental companies, including one in New York. Cort plans to open three more office rental showrooms this year in Las Vegas; El Paso, Tex.; and Huntsville, Ala.

The company also has entered the trade show market with the purchase of companies in Orlando, Las Vegas and Chicago that provide trade show furniture.

An unsettled tax issue was resolved, with the company making a $1 million payment to the government. Cort went public in November 1995 and had another stock offering in July, raising an additional $30 million. The cash was used to purchase Evans Rents in Los Angeles for $27 million. The company will operate there as Cort/Evans.