The usa purchase competition continues with still another major acquistion by EZ Corp away from Austin Texas. Valuations are operating high and suitable applicants are operating scarce. Interesting read We thought We would personally 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 that it has finished the previously announced acquisition of fifteen Mister cash pawn stores situated in Iowa, Wisconsin, and Illinois. The purchase price had been compensated in cash.
вЂњWith the addition of those shops, we continue steadily to solidify and expand our existence in new and areas that are underservedвЂќ said Eric Fosse, President for the companyвЂ™s North American Operations. вЂњEleven of this obtained shops have been in Iowa, that is an completely 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 remaining shop is in a location of Illinois for which we would not previously have existence.вЂќ
вЂњThis purchase brings the amount of states by which we run pawn shops to 16, in comparison to 12 at the moment year that is lastвЂќ proceeded Mr. Fosse. вЂњStrengthening our U.S. pawn existence, both through opportunistic purchases and store that is new, remains a significant part of our development strategy.вЂќ
EZCORP is a provider that is leading of customer monetary services. It offers collateralized non-recourse loans, often called pawn loans, and many different short-term customer loans, including payday advances, installment loans and automobile title loans, or credit that is fee-based to clients searching 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 stores, including more than 500 pawn shops within the U.S. and Mexico and over 500 consumer that is short-term stores within the U.S. and Canada. The organization comes with significant investments in money Converters International Limited (CCV.L and CCV.ASX), which franchises and operates a network that is worldwide of 600 stores in 21 countries that offer economic services and offer pre-owned merchandise, and Albemarle & Bond Holdings PLC (ABM.L), among the U.K.вЂ™s biggest pawnbroking companies with more than 140 shops.
Unique Note Regarding Forward-Looking Statements
This statement contains particular forward-looking statements about the CompanyвЂ™s expected performance in the future durations, like the anticipated impact for the newly obtained shops. These statements are derived from the CompanyвЂ™s present objectives. Actual results for future durations may vary materially from those expressed or suggested by these forward-looking statements because of a wide range of uncertainties as well as other facets, including changing market conditions into the general economy and also the industry, customer need for the CompanyвЂ™s solutions and product and alterations in the environment that is regulatory. For a discussion among these along with other facets impacting the CompanyвЂ™s company and prospects, start to see the CompanyвЂ™s yearly, quarterly along with other reports filed aided by the Securities and Exchange Commission.
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