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The usa purchase competition continues with still another acquistion that is major EZ Corp away from Austin Texas. Valuations are operating high and candidates that are suitable operating scarce. Interesting read We thought i might share with your customer list, enjoy!
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SUPPLY EZCORP, Inc.
AUSTIN, Texas, might 17, 2011 /PRNewswire/ вЂ” EZCORP, Inc. (Nasdaq: EZPW) announced today so it has completed the previously established acquisition of fifteen Mister cash pawn shops situated in Iowa, Wisconsin, and Illinois. The purchase price ended up being compensated in money.
вЂњWith the addition of those shops, we continue steadily to solidify and expand our existence in brand new and underserved areas,вЂќ said Eric Fosse, President regarding the companyвЂ™s North American Operations. вЂњEleven associated with the obtained stores have been in Iowa, which can be a completely brand new state for all of us plus one we come across as appealing for further expansion. Three shops have been in Wisconsin and certainly will complement our 35 EZMONEY loan shops for the reason that state. The remaining shop is in a place of Illinois in which we failed to formerly have a presence.вЂќ
вЂњThis purchase brings the amount of states by which we run pawn shops to 16, in comparison to 12 at the moment this past year,вЂќ proceeded Mr. Fosse. вЂњStrengthening our U.S. pawn existence, both through opportunistic purchases and brand new shop expansion, stays a significant part of our development strategy.вЂќ
EZCORP is a provider that is leading of customer economic solutions. It offers collateralized non-recourse loans, often called pawn loans, and a number of short-term customer loans, including payday advances, installment loans payday loans in Delaware online 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 a lot more than 1,000 shops, including over 500 pawn shops into the U.S. and Mexico and more than 500 short-term customer loan shops into the U.S. and Canada. The business has also significant investments in Cash Converters Global Limited (CCV.L and CCV.ASX), which franchises and operates a network that is worldwide of 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.вЂ™s largest pawnbroking organizations with more than 140 shops.
Unique Note Regarding Forward-Looking Statements
This announcement contains particular forward-looking statements about the CompanyвЂ™s expected performance in the future durations, like the impact that is anticipated of newly obtained shops. These statements depend on 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 in the general economy plus the industry, customer interest in the CompanyвЂ™s solutions and merchandise and alterations in the regulatory environment. For a discussion among these along with other factors impacting the CompanyвЂ™s company and prospects, begin to see the CompanyвЂ™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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