Women and Gentelmen in Pawnland!
The usa purchase competition continues with just one more major acquistion by EZ Corp away from Austin Texas. Valuations are running high and suitable candidates are operating scarce. Interesting read We was thinking i might share with this customer list, enjoy!
EZCORP Completes Acquisition http://www.cartitleloansplus.com/payday-loans-ca 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 purchase cost ended up being compensated in money.
“With the addition of the stores, we continue steadily to solidify and expand our existence in brand new and areas that are underserved” said Eric Fosse, President for the company’s North American Operations. “Eleven regarding the obtained shops come in Iowa, that will be an entirely brand new state for all of us and something we see as appealing for further expansion. Three shops have been in Wisconsin and certainly will complement our 35 EZMONEY loan shops in that state. The store that is remaining in a place of Illinois by which we failed to formerly have a presence.”
“This purchase brings how many states by which we run pawn shops to 16, when compared with 12 at this time a year ago,” proceeded Mr. Fosse. “Strengthening our U.S. pawn presence, both through opportunistic purchases and brand new store expansion, continues to be an essential element of our growth 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 many different short-term customer loans, including pay day loans, installment loans and automobile title loans, or credit that is fee-based to clients searching for loans. The company also sells merchandise, primarily collateral forfeited from its pawn lending operations at its pawn stores.
EZCORP runs significantly more than 1,000 shops, including over 500 pawn shops within the U.S. and Mexico and more than 500 consumer that is short-term shops when you look at the U.S. and Canada. The organization even 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 countries that offer economic services and offer pre-owned product, and Albemarle & Bond Holdings PLC (ABM.L), one of many U.K.’s biggest pawnbroking businesses 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 future durations, such as the anticipated effect associated with the newly obtained shops. These statements are derived from the Company’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 as well as other facets, including changing market conditions when you look at the general economy and also the industry, customer need for the Company’s solutions and product and alterations in the environment that is regulatory. For a discussion of the as well as other facets impacting the Company’s company and prospects, start to see the Company’s annual, quarterly along with other reports filed using the Securities and Exchange Commission.
EZCORP Investor Relations (512) 314-2220
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