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The usa purchase battle continues with still another major acquistion by EZ Corp away from Austin Texas. Valuations are operating high and suitable applicants are operating scarce. Interesting read We was thinking I would share with your customer 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 announced acquisition of fifteen Mister cash pawn shops positioned in Iowa, Wisconsin, and Illinois. The acquisition cost had been compensated in money.
“With the addition among these 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 regarding the obtained shops come in Iowa, which will be a completely brand new state for all of us plus one we come online payday loans Virginia across as appealing for further expansion. Three stores 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 by which we would not formerly have a presence.”
“This purchase brings how many states by which we run pawn shops to 16, in comparison to 12 at the moment year that is last” proceeded Mr. Fosse. “Strengthening our U.S. pawn existence, both through opportunistic purchases and brand new shop expansion, continues to be an essential part of our development strategy.”
About EZCORP
EZCORP is a leading provider of specialty customer monetary solutions. it offers collateralized non-recourse loans, popularly known as pawn loans, and many different short-term customer loans, including payday advances, installment loans and car name loans, or fee-based credit solutions 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 more than 500 pawn stores into the U.S. and Mexico and more than 500 consumer that is short-term shops into the U.S. and Canada. The organization comes with significant investments in money Converters Overseas 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), one of many U.K.’s biggest pawnbroking organizations with more than 140 shops.
Unique Note Regarding Forward-Looking Statements
This statement contains specific forward-looking statements about the Company’s expected performance in future durations, like the impact that is anticipated of newly obtained shops. These statements are derived from the Company’s expectations that are current. Actual 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 when you look at the general economy therefore the industry, customer demand for 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 company and prospects, begin to see the Company’s annual, quarterly along with other reports filed because of the Securities and Exchange Commission.
EZCORP Investor Relations (512) 314-2220
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