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The Cash Store Australia Holdings Inc. Grants Options to Directors and CEO

EDMONTON , May 31, 2012 /CNW/ – The Cash Store Australia Holdings Inc. (“TCS Australia ” or the “Company”) (AUC.V) granted on May 25, 2012 an aggregate of 200,000 options to directors, pursuant to TCS Australia’s Employee Incentive Stock Option Plan (the “Plan”). Each option is exercisable to acquire one common share at a price of $0.19 per option. The options granted have been approved by the Company’s Board of Directors and are subject to expire on March 1, 2017 . In addition, Mr. Gary Holden , Chief Executive Officer, was granted an additional 500,000 options, and Mr. S.W. (Bill) Johnson, Chief Financial Officer, was granted an additional 25,000 options. The Plan has been approved by the Company’s shareholders.

About Cash Store Australia

Cash Store Australia is the only payday advance broker in Australia publicly traded on the TSX, Venture Exchange (AUC.V). Cash Store Australia operates 78 payday advance branches in the States of Victoria, Queensland, Tasmania, and New South Wales Australia under the banner “The Cash Store”.

Cash Store Australia acts as a broker to facilitate payday advance services to income-earning consumers who may not be able to obtain them from traditional financial institutions.

This News Release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to our objectives, strategies, operations and financial results. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “does not anticipate”, or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieve. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Cash Store Australia , to be materially different from those expressed or implied by such forward-looking information. All material assumptions used in making forward-looking statements are based on management’s knowledge of current business conditions and expectations of future business conditions and trends. Although we believe the assumptions used to make such statements are reasonable at this time and have attempted to identify in our continuous disclosure documents important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Certain material factors or assumptions are applied by us in making forward-looking statements, include without limitation, factors and assumptions regarding our continued ability to fund our pay day loan business, rates of customer defaults, relationships with, and payments to, third party lenders, demand for our products, as well as our operating cost structure and current consumer protection regulations. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. We do not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Cash Advances for Business Owners Made Easy at

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PayDay Loans Online Faxless Online PayDay … – freelangonline

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One on one Lender Payday Loans – Payday Advance On-line With …

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Fed Says Student Loans Soar Even as Consumers Cut Debt

US News

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Fed Says Student Loans Soar Even as Consumers Cut Debt | May 31, 2012 | 03:01 PM EDT

U.S. households are shedding debt at a relatively impressive pace. Except, that is, for student-loan debt.

A new report from the Federal Reserve Bank of New York finds that total household debt has fallen by $1.5 trillion as of March from its peak in the third quarter of 2008, or a pace of about $150 billion in debt reduction per quarter. That $150 billion, by the way, helps explain why this expansion has been so anemic; think of it as the amount that is being siphoned out of household income to pay off debts or piling up at banks as non-performing loans. In any case, U.S. households are making some progress to clean up their balance sheets. Except, that is, in the case of student-loan debt. Outstanding educational debt stood at $904 billion as of March, according to the N.Y. Fed; it has risen by $293 billion since 2008.

That $904 billion figure is one of the more specific attempts to pin down the total size of student-loan debt, which some agencies, like the Consumer Finance Protection Board, have previously estimated at roughly $1 trillion in size. There is much concern about high debt levels among younger people in particular, and default rates in the double-digit range already in some cases, which could worsen if job prospects don’t turn up decisively soon.

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New AEON service provides cash over-the-counter at 7-Elevens


New AEON service provides cash over-the-counter at 7-Elevens

THE NATION June 1, 2012 1:00 am

AEON Thana Sinsap (Thailand) has launched a new service whereby holders of AEON cash cards can withdraw money over the counter at 7-Eleven stores nationwide, said Yasuhiko Kondo, managing director of the finance company.

This is an extension of AEON’s “Your Cash” product, a revolving loan service allowing customers to use their credit line to withdraw money from the firm’s automated teller machines.

The counter service offered by 7-Eleven currently accepts 10 million bill payments per month from the customers of 300 partners, of which AEON is one. Under the new agreement, AEON cardholders can withdraw cash in addition to paying bills.

AEON is the first non-bank to launch such a counter service. Cardholders can withdraw between Bt1,000 and Bt5,000 per time. The service charge is Bt20 per transaction.

AEON expects 20 per cent of its 2 million Your Cash customers to use this service. Your Cash cardholders currently withdraw Bt1.5 billion per month.

To use the new service, cardholders can call AEON’s automatic call centre to ask for a one-time password. After receiving this OTP via a text message on their mobile phone, customers can go to a 7-Eleven, show their identity card and the password, and receive the cash.

Kondo said new loans this year were expected to grow by 10 per cent from Bt13 billion last year. AEON has outstanding loans of Bt40 billion.

The company will focus more on the upper-income segment, those who earn Bt20,000-Bt30,000 per month, as this segment accounts for only 20 per cent of its 6 million accounts.

“We will seek more partners to launch co-branded cards to attract high-end customers,” he said.

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Uniserve Announces Shares for Debt Transaction, Loan Transaction and Issuance of Stock Options

VANCOUVER, BRITISH COLUMBIA–(Marketwire – May 31, 2012) – Uniserve Communications Corporation (the “Company”) (USS.VNews) announces that, subject to the approval of the TSX Venture Exchange (the “Exchange”) for the shares for debt transaction, it will issue 1,190,710 Shares at a deemed price of $0.10 per Share in settlement of outstanding debt in the amount of $119,071 owed to certain creditors pursuant to debt settlement agreements dated for reference May 31, 2012. The Shares are subject to a four-month hold period under the policies of the Exchange.

The Company further announces that it has granted incentive stock options to employees of the Company to purchase up to 700,000 common shares in the capital stock of the Company pursuant to its share option plan. The options are exercisable on or before May 28, 2015 at a price of $0.10 per share.

The Company further announces that, subject to all necessary regulatory approvals, it has entered into a loan arrangement pursuant to which it will borrow $360,000 (the “Loan”) from a related party (the “Lender”). The loan is secured against the assets of the Company, bears 15% per annum interest and is governed by the terms and conditions of a loan agreement (the “Loan Agreement”) dated May 31, 2012 (the “Loan Date”).

In accordance with the terms of the Loan Agreement, the Lender will lend $360,000 to be repaid within 18 months following the Loan Date. The Company intends to pay the loan from its operating cash flow. In consideration for the Loan, the Company will issue to the Lender 1,500,000 non-transferable common share purchase warrants (the “Warrants”), with each Warrant entitling the holder to purchase one common share of the Company at the exercise price of $0.10 per share for a period of 12 months from the date of issuance. The Warrants will be subject to a four month hold period from the date they are issued. Funds from the Loan will be used for general working capital.

Uniserve Communications Corporation (USS.VNews) is an industry leader in the integration and delivery of voice and data services over multiple IP networks directly or through wholesale partnerships to businesses and retail consumers throughout Canada. Learn more at or at

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.

Michael Schmidt, CEO

Management has prepared this release and no regulatory authority has approved or disapproved the information contained herein. The statements contained in this news release that are not historical facts are forward looking statements. Such statements are based on management’s estimates, assumptions and projections using available information. Uniserve cautions that actual financial results could differ materially from the current expectations due to a number of factors.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Investor & Corporate Relations

Uniserve Communications Corporation

604-395-7085 […]

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Turkey Has ‘Very Large’ Loan Demand on Cash Challenge, EBRD Says

By Emre Peker – 2012-05-31T10:07:17Z

Turkish demand for loans from the European Bank for Reconstruction & Development is “very large” amid a challenging financing environment, a bank official said.

Infrastructure projects may have to be revised to include more equity investments as debt funding is scarce because of the euro area financial crisis, EBRD First Vice President Varel Freeman said in an interview in Ankara yesterday, when he inaugurated the London-based bank’s second office in Turkey.

Prime Minister Recep Tayyip Erdogan is seeking to propel Turkey’s $772 billion economy with at least $10 billion of construction investments, including highways, bridges and tunnels Turkish banks have been unable to plug a funding gap as European lenders have curbed lending to strengthen their balance sheets.

“The EBRD itself is not going to be the answer, we’re not going to be pouring 30 billion euros into a series of infrastructure projects,” Freeman said. “We don’t have the balance sheet for that, but what we can do is to provide, very carefully, catalytic money that can help mobilize others to join us, to help improve the risk perception that other financiers have coming into these projects.”

Since opening its first office in Istanbul in 2009, the EBRD’s loans and equity investments in Turkey have risen to 1.5 billion euros ($1.86 billion) as of last year. The bank’s annual lending target in Turkey is 1 billion euros, with a focus on financial firms, energy projects, infrastructure investments and privatizations.

“I’m quite confident of the overall degree of success that will be encountered, but it will not come quickly it will not come automatically,” Freeman said. “We find a very large demand from private-sector companies and potential municipal partners for EBRD’s loans and equity invests here.”

To contact the reporter on this story: Emre Peker in Ankara at

To contact the editor responsible for this story: Andrew J. Barden at

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