EZ Corp Completes Acquisition of Mister Cash Pawn Shops

EZ Corp Completes Acquisition of Mister Cash Pawn Shops

Women and Gentelmen in Pawnland!

The usa purchase competition continues with still another acquistion that is major EZ Corp away from Austin Texas. Valuations are operating high and candidates that are suitable operating scarce. Interesting read I thought I would personally share with your customer list, enjoy!

EZCORP Completes Acquisition of Mister Cash Pawn Shops

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PROVIDER EZCORP, Inc.

AUSTIN, Texas, might 17, 2011 /PRNewswire/ — EZCORP, Inc. (Nasdaq: EZPW) announced that it has completed the previously announced acquisition of fifteen Mister Money pawn stores located in Iowa, Wisconsin, and Illinois today. The acquisition cost had been compensated in money.

“With the addition of those shops, we continue steadily to solidify and expand our existence in brand new and areas that are underserved” said Eric Fosse, President associated with the company’s North American Operations. “Eleven of this obtained shops have been in Iowa, that is a completely brand new state for all of us and something we come across as appealing for further expansion. Three shops have been in Wisconsin and certainly will complement our 35 EZMONEY loan shops for the reason that state. The staying store is in a place of Illinois by which we didn’t formerly 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 a year ago,” proceeded Mr. Fosse. “Strengthening our U.S. pawn existence, both through opportunistic acquisitions and store that is new, continues to be an essential part of our development strategy.”

About EZCORP

EZCORP is a online payday loans Nebraska leading provider of specialty customer monetary services. It offers collateralized non-recourse loans, often called pawn loans, and many different short-term customer loans, including payday advances, installment loans and car title loans, or fee-based credit solutions to clients searching for loans. At its pawn shops, the organization additionally offers product, primarily collateral forfeited from the pawn lending operations.

EZCORP runs a lot more than 1,000 shops, including more than 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 has also significant investments in money Converters Global Limited (CCV.L and CCV.ASX), which franchises and operates a worldwide community of over 600 stores in 21 countries that offer economic services and offer pre-owned merchandise, and Albemarle & Bond Holdings PLC (ABM.L), among the U.K.’s biggest pawnbroking companies with more than 140 shops.

Unique Note Regarding Forward-Looking Statements

This announcement contains particular forward-looking statements concerning the Company’s expected performance in the future durations, like the impact that is anticipated of newly obtained stores. These statements depend on the Company’s present objectives. 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 within the general economy plus the industry, customer interest in the Company’s solutions and product and alterations in the regulatory environment. For a discussion of those along with other facets impacting the Company’s business and prospects, begin to see the Company’s yearly, quarterly along with other reports filed aided by the Securities and Exchange Commission.

EZCORP Investor Relations (512) 314-2220

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