Women and Gentelmen in Pawnland!
The united states purchase battle continues with just one more major acquistion by EZ Corp away from Austin Texas. Valuations are operating high and suitable applicants are running scarce. Interesting read We had been thinking I would personally share with your customer list, enjoy!
EZCORP Completes Acquisition of Mister Cash Pawn Shops
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PROVIDER EZCORP, Inc.
AUSTIN, Texas, might 17, 2011 /PRNewswire/ — 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.
“With the addition of those shops, we continue steadily to solidify and expand our existence in brand new and areas that are underserved” said Eric Fosse, President of this company’s North American Operations. “Eleven for the https://nationaltitleloan.net/payday-loans-ma/ obtained shops have been in Iowa, that will be an entirely brand new state for all of us and another we come across as appealing for further expansion. Three shops come in Wisconsin and certainly will complement our 35 EZMONEY loan shops for the reason that state. The staying shop is in a location of Illinois for which we failed to formerly have a presence.”
“This purchase brings the amount of states for which we run pawn shops to 16, in comparison to 12 at the moment a year ago,” proceeded Mr. Fosse. “Strengthening our U.S. pawn existence, both through opportunistic purchases and store that is new, stays a significant element of our growth strategy.”
About EZCORP
EZCORP is a leading provider of specialty customer economic 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 car name loans, or fee-based credit solutions to clients searching for loans. At its pawn shops, the organization additionally offers product, primarily collateral forfeited from the pawn lending operations.
EZCORP runs significantly more than 1,000 shops, including more than 500 pawn shops into the U.S. and Mexico and over 500 short-term customer loan 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 worldwide community of over 600 shops in 21 countries 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 concerning the Company’s expected performance in the future durations, such as the impact that is anticipated of newly acquired 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 because of a number of uncertainties along with other facets, including changing market conditions into the general economy and also the industry, customer interest in the Company’s solutions and product and alterations in the environment that is regulatory. For a discussion of the along with other factors affecting 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.
EZCORP Investor Relations (512) 314-2220
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