الرئيسية » Ohio online payday loans » EZ Corp Completes Acquisition of Mister Money Pawn Shops

EZ Corp Completes Acquisition of Mister Money Pawn Shops

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The united states purchase race continues with just one more acquistion that is major EZ Corp out of Austin Texas. Valuations are operating high and suitable prospects are operating scarce. Interesting read We thought I would personally share with your customer list, enjoy!

EZCORP Completes Acquisition of Mister Cash Pawn Shops

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SUPPLY EZCORP, Inc.

AUSTIN, Texas, May 17, 2011 /PRNewswire/ — EZCORP, Inc. (Nasdaq: EZPW) announced today it has finished the formerly established purchase of fifteen Mister Money pawn shops positioned in Iowa, Wisconsin, and Illinois. The purchase cost had been compensated in money.

“With the addition of the shops, we continue steadily to solidify and expand our existence in brand new and areas that are underserved” said Eric Fosse, President of this company’s North American Operations. “Eleven of this obtained shops come in Iowa, which will be a totally brand new state we see as attractive for further expansion for us and one. Three shops have been in Wisconsin and can complement our 35 EZMONEY loan shops for the reason that state. The staying store is in a place of Illinois for which we would not previously have a presence.”

“This purchase brings the amount of states by which we run pawn shops to 16, when compared with 12 at the moment year that is last” proceeded Mr. Fosse. “Strengthening our U.S. pawn existence, both through opportunistic purchases and new shop expansion, continues to be a significant element of our development strategy.”

About EZCORP

EZCORP is a provider that is leading of customer monetary solutions. It offers collateralized non-recourse loans, popularly known as pawn loans, and a number of short-term customer loans, including payday advances, installment loans and automobile name loans, or fee-based credit solutions to clients looking for loans. At its pawn shops, the organization additionally offers product, primarily collateral forfeited from its pawn lending operations.

EZCORP operates a lot more than 1,000 shops, including over 500 pawn shops when you look at the U.S. and Mexico and over 500 consumer that is short-term shops within the U.S. and Canada. The organization also offers significant investments in money Converters Global Limited (CCV.L and CCV.ASX), which franchises and operates a worldwide community of over 600 shops in 21 nations that offer monetary services and offer pre-owned product, and Albemarle & Bond Holdings PLC (ABM.L), one of many U.K.’s biggest pawnbroking organizations with more than 140 shops.

Unique Note Regarding Forward-Looking Statements

This statement contains specific forward-looking statements concerning the Company’s expected performance in the future durations, including the impact that is anticipated of newly obtained shops. These statements depend on the Company’s expectations that are current. Real results for future durations may vary materially from those expressed or suggested by these forward-looking statements as a result of a number of uncertainties as well as other facets, including changing market conditions when you look at the general economy together with industry, consumer need for the Company’s solutions and product and alterations in the environment that is regulatory. For a discussion of those along with other facets impacting the Company’s business and prospects, begin to see the Company’s yearly, quarterly as well as other reports filed using the Securities and Exchange Commission.

EZCORP Investor Relations (512) 314-2220

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