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The united states purchase competition continues with just one more major acquistion by EZ Corp away from Austin Texas. Valuations are operating high and candidates that are suitable operating scarce. Interesting read We thought i might share with this customer list, enjoy!
EZCORP Completes Acquisition of Mister Cash Pawn Shops
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PROVIDER 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 acquisition cost ended up being compensated in money.
вЂњWith the addition among these shops, we continue steadily to solidify and expand our existence in brand new and underserved areas,вЂќ said Eric Fosse, President for the companyвЂ™s North American Operations. вЂњEleven associated with obtained shops have been in Iowa, that is an entirely brand new state we see as attractive for further expansion for us and one. Three shops come in Wisconsin and certainly will complement our 35 EZMONEY loan shops for the reason that state. The store that is remaining in a location of Illinois for which we failed to formerly have a presence.вЂќ
вЂњThis acquisition brings the amount of states for which we operate pawn shops to 16, when compared with 12 at the moment just last year,вЂќ continued Mr. Fosse. вЂњStrengthening our U.S. pawn existence, both through opportunistic purchases and store that is new, continues to be an essential element of our development strategy.вЂќ
EZCORP is a leading provider of specialty customer monetary solutions. It offers collateralized non-recourse loans, often called pawn loans, and many different short-term customer loans, including payday advances, installment loans and car name loans, or credit that is fee-based to clients looking for loans. The company also sells merchandise, primarily collateral forfeited from its pawn lending operations at its pawn stores.
EZCORP operates a lot more than 1,000 shops, including over 500 pawn shops within the U.S. and Mexico and over 500 consumer that is short-term shops into the U.S. and Canada. The business comes with significant investments in money Converters Global Limited (CCV.L and CCV.ASX), which franchises and operates a worldwide system of over 600 shops in 21 nations that offer economic services and offer pre-owned product, and Albemarle & Bond Holdings PLC (ABM.L), among the U.K.вЂ™s biggest pawnbroking organizations with more than 140 shops.
Unique Note Regarding Forward-Looking Statements
This statement contains specific forward-looking statements about 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 objectives. Actual results for future durations may vary materially from those expressed or suggested by these forward-looking statements because of a number of uncertainties as well as other facets, including changing market conditions within the general economy while the industry, customer need for the CompanyвЂ™s services and product and alterations in the regulatory environment. For a discussion among these as well as other factors impacting the CompanyвЂ™s company and prospects, look at CompanyвЂ™s yearly, quarterly as well as other reports filed utilizing the Securities and Exchange Commission.
EZCORP Investor Relations (512) 314-2220
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