EZ Corp Completes Acquisition of Mister Cash Pawn Shops

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Ladies and Gentelmen in Pawnland! The united states purchase competition 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 I had been thinking I would personally share with this customer list, enjoy! EZCORP Completes Acquisition of Mister Cash [...]

Ladies and Gentelmen in Pawnland!

The united states purchase competition 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 I had been thinking I would personally share with this customer list, enjoy!

EZCORP Completes Acquisition of Mister Cash Pawn Shops

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SUPPLY EZCORP, Inc.

AUSTIN, Texas, might 17, 2011 /PRNewswire/ — EZCORP, Inc. (Nasdaq: EZPW) announced today it has finished the formerly established purchase of fifteen Mister cash pawn shops positioned in Iowa, Wisconsin, and Illinois. The acquisition cost had been compensated in cash.

“With the addition of the shops, we continue steadily to solidify and expand our existence in brand new and areas that are underserved” said Eric Fosse, President regarding the company’s North American Operations. “Eleven regarding the obtained shops have been in Iowa, which can be an entirely brand new state we see as attractive for further expansion for us and one. Three shops come in Wisconsin and can complement our 35 EZMONEY loan shops for the reason that state. The store that is remaining in a place of Illinois by which we would not formerly have a presence.”

“This purchase 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 presence, both through opportunistic purchases and store that is new, stays a significant part 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 consumer loans, including payday advances, installment loans and car name loans, or fee-based credit solutions to clients searching for loans. At its pawn stores, the business additionally sells product, primarily collateral forfeited from its pawn lending operations.

EZCORP runs a lot more than 1,000 shops, including more than 500 pawn stores within the U.S. and Mexico and more than 500 short-term customer loan shops into the U.S. and Canada. The organization 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 product, and Albemarle & Bond Holdings PLC (ABM.L), among the U.K.’s biggest pawnbroking organizations with more than 140 shops.

Special Note Regarding Forward-Looking Statements

This statement contains specific forward-looking statements about the Company’s expected performance in the future durations, like the impact that is anticipated of newly acquired shops. These statements derive 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 because of a number of uncertainties along with other facets, including changing market conditions when you look at the general economy additionally the industry, consumer interest in the Company’s solutions and product and alterations in the environment that is regulatory. For a discussion of the as well as other facets impacting the Company’s business and prospects, start to see the Company’s yearly, quarterly as well as other reports filed because of the Securities and Exchange Commission.

EZCORP Investor Relations (512) 314-2220

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