Women and Gentelmen in Pawnland!
The usa purchase battle continues with still another acquistion that is major EZ Corp away from Austin Texas. Valuations are running high and candidates that are suitable operating scarce. Interesting read We had been thinking i might share with this subscriber list, enjoy!
EZCORP Completes Acquisition of Mister Money Pawn Shops
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PROVIDER EZCORP, Inc.
AUSTIN, Texas, might 17, 2011 /PRNewswire/ — EZCORP, Inc. (Nasdaq: EZPW) announced today so it has finished the formerly established purchase of fifteen Mister cash pawn shops situated in Iowa, Wisconsin, and Illinois. The acquisition cost ended up being compensated in money.
“With the addition of the shops, we continue steadily to solidify and expand our existence in brand new and underserved areas,” said Eric Fosse, President for the company’s North American Operations. “Eleven associated with obtained shops come in Iowa, which will be a totally brand new state for all of us and something we come across as appealing for further expansion. Three shops come in Wisconsin and can complement our 35 EZMONEY loan shops for the reason that state. The store that is remaining in a location of Illinois by which we didn’t previously have a presence.”
“This purchase brings how many states by which we operate pawn shops to 16, when compared with 12 at the moment year that is last” continued Mr. Fosse. “Strengthening our U.S. pawn presence, both through opportunistic purchases and store that is new, continues to be a significant 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 a number of short-term customer loans, including payday advances, installment loans and automobile name loans, or fee-based credit solutions to clients searching for loans. At its pawn shops, the organization also offers product, primarily collateral forfeited from the pawn lending operations.
EZCORP runs a lot 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 into 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 network that is worldwide of 600 shops in 21 nations that offer economic services and offer pre-owned product, and Albemarle & Bond Holdings PLC (ABM.L), one of many U.K.’s biggest pawnbroking companies with over 140 stores.
Unique Note Regarding Forward-Looking Statements
This statement contains particular forward-looking statements about the Company’s expected performance in the future durations, such as the impact that is anticipated of newly obtained shops. These statements derive from the Company’s expectations that are current. Real results for future durations may vary materially from those expressed or implied by these forward-looking statements because of a number of uncertainties as well as other facets, including changing market conditions within the general economy therefore the industry, customer interest in the Company’s solutions and product and alterations in the regulatory environment. For a personal loans for bad credit in North Dakota discussion among these along with other facets impacting the Company’s company and prospects, start to see the Company’s yearly, quarterly along with other reports filed because of the Securities and Exchange Commission.
EZCORP Investor Relations (512) 314-2220
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