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The united states purchase competition continues with just one more acquistion that is major EZ Corp away from Austin Texas. Valuations are operating high and candidates that are suitable running scarce. Interesting read We had been thinking i might 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 today it has finished the formerly announced purchase of fifteen Mister Money pawn stores based in Iowa, Wisconsin, and Illinois. The purchase cost ended up being compensated in money.
вЂњWith the addition of the shops, we continue to solidify and expand our existence in brand new and areas that are underservedвЂќ said Eric Fosse, President for the companyвЂ™s North American Operations. вЂњEleven for the obtained shops come in Iowa, which will be 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 purchase brings how many states by which we run pawn shops to 16, in comparison to 12 at the moment just last year,вЂќ proceeded Mr. Fosse. вЂњStrengthening our U.S. pawn existence, both through opportunistic purchases and store that is new, continues to be an essential part of our development strategy.вЂќ
EZCORP is a leading provider of specialty consumer financial solutions. It offers collateralized non-recourse loans, popularly known as pawn loans, and a number of short-term customer loans, including pay day loans, installment loans and automobile title loans, or credit that is fee-based to clients looking for loans. At its pawn shops, the organization additionally offers merchandise, primarily collateral forfeited from the pawn lending operations.
EZCORP runs significantly more than 1,000 stores, including more than 500 pawn shops when you look at the U.S. and Mexico and over 500 short-term customer loan shops into the U.S. and Canada. The business also offers significant investments in money Converters Global Limited (CCV.L and CCV.ASX), which franchises and operates a https://cartitleloansplus.com/payday-loans-fl/ worldwide community of over 600 shops in 21 nations offering economic services and offer pre-owned product, and Albemarle & Bond Holdings PLC (ABM.L), among the U.K.вЂ™s biggest pawnbroking companies with more than 140 stores.
Unique Note Regarding Forward-Looking Statements
This announcement contains particular forward-looking statements concerning the CompanyвЂ™s expected performance in the future durations, such as the expected effect associated with the newly obtained shops. These statements derive from the CompanyвЂ™s present objectives. 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 together with industry, customer interest in the CompanyвЂ™s solutions and product and alterations in the regulatory environment. For a discussion among these along with other facets impacting the CompanyвЂ™s company and prospects, begin to see the CompanyвЂ™s yearly, quarterly as well as other reports filed because of the Securities and Exchange Commission.
EZCORP Investor Relations (512) 314-2220
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