EZ Corp Completes Acquisition of Mister Money Pawn Shops

EZ Corp Completes Acquisition of Mister Money Pawn Shops

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The usa purchase competition continues with still another acquistion that is major EZ Corp out of Austin Texas. Valuations are operating high and suitable candidates are operating scarce. Interesting read We ended up being thinking i might 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 had been compensated in cash.

“With the addition of those shops, we continue steadily to solidify and expand our existence in brand new and underserved areas,” said Eric Fosse, President associated with the company’s North American Operations. “Eleven regarding the obtained shops have been in Iowa, which can be a totally brand new state for us and something we come across as appealing for further expansion. Three shops come in Wisconsin and certainly will complement our 35 EZMONEY loan stores for the reason that state. The staying shop is in a location of Illinois for which we would not formerly have a presence.”

“This purchase brings how many states by which we run pawn shops to 16, when compared with 12 at the moment this past year,” proceeded Mr. Fosse. “Strengthening our U.S. pawn existence, both through opportunistic purchases and brand new shop expansion, stays an essential part of our development 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 many different short-term consumer loans, including pay day loans, installment loans and car name loans, or credit that is fee-based to clients looking for loans. The company also sells merchandise, primarily collateral forfeited from its pawn lending operations at its pawn stores.

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 when you look at the U.S. and Canada. The business has also significant investments in money Converters Overseas Limited (CCV.L and CCV.ASX), which franchises and operates a worldwide community of over 600 shops in 21 nations that offer monetary services and offer pre-owned merchandise, and Albemarle & Bond Holdings PLC (ABM.L), among the U.K.’s biggest pawnbroking companies 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 anticipated effect for the newly https://nationaltitleloan.net/payday-loans-wv/ obtained shops. These statements are derived 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 as a result of a number of uncertainties as well as other facets, including changing market conditions within the general economy and also the industry, customer need for the Company’s solutions and product and alterations in the regulatory environment. For a discussion of those as well as other facets impacting the Company’s company and prospects, start to see the Company’s yearly, quarterly as well as other reports filed aided by the Securities and Exchange Commission.

EZCORP Investor Relations (512) 314-2220

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