EZ Corp Completes Acquisition of Mister Cash Pawn Stores. Women and Gentelmen in Pawnland!
Women and Gentelmen in Pawnland!
The united states purchase battle continues with still another acquistion that is major EZ Corp away from Austin Texas. Valuations are operating high and suitable applicants are operating scarce. Interesting read We thought We might share with this customer list, enjoy!
EZCORP Completes Acquisition of Mister Cash Pawn Stores
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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 positioned in Iowa, Wisconsin, and Illinois. The purchase price had been compensated in money.
“With the addition of those stores, we continue steadily to solidify and expand our presence in new and underserved areas,” said Eric Fosse, President associated with the company’s North American Operations. “Eleven for the obtained shops have been in Iowa, which can be an totally brand new state we see as attractive for further expansion for us and one. Three shops have been 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 existence.”
“This acquisition brings how many states for 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 acquisitions and store that is new, stays an essential element of our development strategy.”
About EZCORP
EZCORP is a provider that is leading of customer economic services. It offers collateralized non-recourse loans, often called pawn loans, and a number of short-term customer loans, including pay day loans, installment loans and car name loans, or credit that is fee-based 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 more than 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 has also significant investments in money Converters International 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.’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 impact that is anticipated of newly obtained shops. These statements derive from the Company’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 an amount of uncertainties as well as other facets, including changing market conditions into the general economy therefore the industry, consumer interest in the Company’s solutions and product and alterations in the regulatory environment. For a conversation of the as well as other facets impacting the Company’s business and prospects, begin to see the Company’s yearly, quarterly along with other reports filed aided by the Securities and Exchange Commission.
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