Money America Announces Completion of Acquisition of 39 shop Chain of Pawn Lending Locations

FORT WORTH, Texas–( COMPANY WIRE )–Cash America Global, Inc. (NYSE: CSH) announced today so it has finished the formerly established purchase of significantly most of the assets of Maxit Financial, LLC (“Maxit”). Maxit owned and operated a chain that is 39-store of financing places composed of 29 areas within the state of Washington and 10 areas into the state of Arizona running underneath the brands of Pawn X-Change and Maxit, respectively. The purchase increases money America’s shop count both in among these markets, where it previously had 5 pawn places in Washington and 11 Company-owned and 7 locations that are franchised Arizona.

Commenting in the Maxit purchase, Daniel R. Feehan, President and Chief Executive Officer of money America said, “We are pleased to possess had the oppertunity to accomplish this deal in your anticipated time period. Our company is delighted to incorporate the talented group of Maxit to the company. Our company is additionally stoked up about incorporating a sizable number of pawn financing areas in Washington and Arizona strengthening money America’s leadership position both in of those areas plus the country.”

The ultimate regards to the purchase had been in keeping with the sooner announced asset purchase contract. At closing, money America funded around $70.0 million for significantly every one of the assets of Maxit and different alterations and products associated with the deal per the regards to the asset purchase agreement. One of them quantity are 366,097 stocks of money America stock that is common to Maxit. Management will not anticipate that the purchase will give you accretion to profits into the 4th quarter of 2010 as a result of one-time deal associated expenses which is expensed under present accounting needs. Management anticipates that the acquisition is accretive in financial 2011 and can offer extra details during its regularly scheduled launch of quarterly profits and seminar call, that will simply take put on Thursday, October 21st at 7:00 am CDT.

According to unaudited outcomes, the conclusion for the purchase of Maxit will include over $20.0 million in pawn loan balances and yearly total income of approximately $54.0 million, in line with the trailing 12 months, to money America’s company.

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Secure Harbor Statement underneath the Private Securities Litigation Reform Act of 1995

This launch contains forward-looking statements concerning the company, monetary condition and leads of money America Global, Inc. and its particular subsidiaries (the “Company”). The particular link between the business could differ materially from those suggested by the forward-looking statements as a result of different dangers and uncertainties including, without limitation, alterations in pawn, credit rating, taxation along with other legislation and government foibles relevant towards the organization’s company, alterations in need for the business’s services, the continued acceptance for the distribution that is online because of the Company’s on the web loan clients, those things of 3rd events who provide services and products to or even for the business, fluctuations within the cost of silver, alterations in competition, the capability of this business to start brand brand new places relative to its plans, economic climates, housing market changes, interest changes, alterations in foreign change exchange prices, alterations in the administrative centre areas, the capability to effectively incorporate newly obtained organizations to the Company’s operations, the increased loss of solutions of any regarding the Company’s professional officers, the consequence of any present or future litigation procedures regarding the business, the result of every of these modifications regarding the Company’s company or even the areas when the Company functions and other dangers and uncertainties suggested into the organization’s filings because of the Securities and Exchange Commission. These dangers and uncertainties are beyond the power for the business to regulate, nor can the business predict, most of the time, most of the dangers and uncertainties that may cause its real leads to differ materially from those suggested by the statements that are forward-looking. Whenever utilized in this release, terms such as for example “believes,” “estimates,” “should,” “could,” “would,” “plans,” “expects,” “anticipates,” “may,” “forecasts,” “projects” and similar expressions and variants because they relate solely to the business or its administration are meant to recognize forward-looking statements. The business disclaims any intention or responsibility to upgrade or revise any forward-looking statements to mirror occasions or circumstances occurring following the date for this launch.

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Money America Global, Inc.Thomas A. Bessant, Jr., 817-335-1100