EZ Corp Completes Acquisition of Mister Cash Pawn Shops
Women and Gentelmen in Pawnland!
The united states purchase competition continues with still another acquistion that is major EZ Corp away from Austin Texas. Valuations are operating high and suitable prospects are operating scarce. Interesting read We thought I would personally share with this customer list, enjoy!
EZCORP Completes Acquisition of Mister Cash Pawn Shops
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SUPPLY EZCORP, Inc.
AUSTIN, Texas, might 17, 2011 /PRNewswire/ вЂ” 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 purchase cost ended up being compensated in money.
вЂњWith the addition of the shops, we continue steadily to solidify and expand our existence in brand new and underserved areas,вЂќ said Eric Fosse, President regarding the companyвЂ™s North American Operations. вЂњEleven regarding the obtained shops have been in Iowa, which will be a completely 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 store that is remaining in a place of Illinois for which we failed to formerly have a presence.вЂќ
вЂњThis purchase brings how many states by which we run pawn shops to 16, in comparison to 12 at the moment https://loanmaxtitleloans.info/payday-loans-in/ this past year,вЂќ continued Mr. Fosse. вЂњStrengthening our U.S. pawn existence, both through opportunistic purchases and brand new shop expansion, stays an essential element of our development strategy.вЂќ
EZCORP is a leading provider of specialty customer economic services. 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 credit that is fee-based to clients searching for loans. At its pawn shops, the business additionally offers product, primarily collateral forfeited from the pawn lending operations.
EZCORP runs more than 1,000 stores, including more than 500 pawn shops into the U.S. and Mexico and over 500 short-term customer loan shops into the U.S. and Canada. The organization has also significant investments in money Converters Overseas Limited (CCV.L and CCV.ASX), which franchises and operates a network that is worldwide of 600 shops in 21 nations that offer monetary services and offer pre-owned product, and Albemarle & Bond Holdings PLC (ABM.L), one of several U.K.вЂ™s biggest pawnbroking organizations with more than 140 stores.
Special Note Regarding Forward-Looking Statements
This statement contains specific forward-looking statements concerning the CompanyвЂ™s expected performance in the future durations, such as the impact that is anticipated of newly obtained shops. These statements derive from the CompanyвЂ™s present expectations. 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 along with other facets, including changing market conditions into the general economy therefore the industry, customer interest in the CompanyвЂ™s solutions and product and changes in the environment that is regulatory. For a discussion of the as well as other facets impacting the CompanyвЂ™s business and prospects, start to see the CompanyвЂ™s annual, quarterly as well as other reports filed aided by the Securities and Exchange Commission.
EZCORP Investor Relations (512) 314-2220
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