EZCORP Closes Crediamigo Transaction
AUSTIN, Texas, Feb. 2, 2012 /PRNewswire/ -- EZCORP, Inc. (NASDAQ: EZPW) announced today that it has completed its previously announced acquisition of a 60% ownership interest in Prestaciones Finmart, S.A.P.I. de C.V., SOFOM, E.N.R. ("Crediamigo"), one of the top three and fastest growing providers of payroll deduction loans in Mexico.
The transaction was closed on January 30, 2012, and EZCORP will be including Crediamigo's financial results in its consolidated financial statements effective February 1, 2012.
The company also announced that, in connection with its upcoming annual meeting of stockholders, a copy of its Annual Report on Form 10-K for the fiscal year ended September 30, 2011, as filed with the Securities and Exchange Commission, has been posted on the Investor Relations section of the company's website (www.ezcorp.com). EZCORP stockholders may obtain a paper copy of the report, free of charge, by sending a request to firstname.lastname@example.org or by calling 1-800-873-7296, ext. 2220.
EZCORP is a leading provider of specialty consumer financial services. It provides collateralized non-recourse loans, commonly known as pawn loans, and a variety of short-term consumer loans, including payday loans, installment loans and auto title loans, or fee-based credit services to customers seeking loans. At its pawn stores, the company also sells merchandise, primarily collateral forfeited from its pawn lending operations.
EZCORP operates more than 1,100 pawn, buy/sell and personal financial services stores in the U.S., Mexico and Canada, and owns a 60% controlling interest in Prestaciones Finmart, S.A.P.I. de C.V., SOFOM, E.N.R. (doing business under the name "Crediamigo"), a leading provider of payroll deduction loans in Mexico. The company also has significant investments in Albemarle & Bond Holdings PLC (ABM.L), one of the U.K.'s largest pawnbroking businesses with over 160 full-line stores offering pawnbroking, jewelry retailing, gold buying and financial services; and in Cash Converters International Limited (CCV.L and CCV.ASX), which franchises and operates a worldwide network of over 600 stores that provide personal financial services and sell pre-owned merchandise.
EZCORP Investor Relations
SOURCE EZCORP, Inc.