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DJ WCM Beteiligungs- und Grundbesitz-AG: Cash share capital increase fully placed



DJ WCM Beteiligungs- und Grundbesitz-AG: Cash share capital increase fully placed

(DGAP-Media / 29.12.2014 / 10:10)

WCM Beteiligungs- und Grundbesitz-AG places all shares in cash capital
increase

– Gross issue proceeds total EUR 18.8 million

– Management Board member Stavros Efremidis acquires 523,656 shares

Frankfurt, 29 December 2014 – WCM Beteiligungs- und Grundbesitz-AG (WCM AG,
ISIN: DE000A1X3X33) today announced the placing of all of the shares in its
cash capital increase. As a result, the company will receive proceeds of
approx. EUR 18.8 million. The issue of 14,441,269 new shares and the
simultaneously completed non-cash capital increase increased the number of
shares to 33,782,538, with each share having a notional value of one euro.
A total of 13,617,613 shares issued under the cash capital increase were
acquired by existing shareholders who executed their pre-emptive and over
pre-emptive rights. The 823,656 shares not subscribed for were sold in a
private placement, also at a price of EUR 1.30 per share. Stavros
Efremidis, member of the Management Board of WCM AG, acquired 523,656
shares in this context. Due to the great demand Mr. Efremidis could not
acquire more new shares. The new shares are expected to be included in the
existing trading of WCM shares on 30 December 2014.

Together with the agreed bank loan and the non-cash capital increase, the
inflow of funds has been earmarked for the previously announced acquisition
of a property portfolio. WCM AG acquired four commercial properties with a
total lettable space of around 90,100 square metres. The properties are
located in Bonn, Düsseldorf, Frankfurt am Main and Bremerhaven. The total
price is EUR 80.9 million.

Press contact:
edicto GmbH
Axel Mühlhaus/ Dr. Sönke Knop
069-905505-51
wcm@edicto.de

Disclaimer

This publication represents neither an offer to sell nor an invitation to
purchase or subscribe to securities. Such offer will take place solely
through, and on the basis of, the securities prospectus as approved by the
German Federal Financial Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht – “BaFin”). Only the securities prospectus
will contain the information to investors required by law. The securities
prospectus is available on the issuer’s website [www.wcm.de] and will be
available free of charge from the issuer during normal business hours.

This publication is not destined for distribution or dissemination in the
United States of America, either directly or indirectly, or within the
United States of America and may not be distributed or passed to “U.S.
persons” (as defined in Regulation S of the U.S. Securities Act of 1993, as
amended from time to time (the “Securities Act”)), or to publications with
a general distribution in the United States of America. This publication
represents neither an offer nor an invitation to make an offer to purchase
securities in the United States of America, neither is it part of such
offer or invitation. The securities are not, and will not be, registered in
accordance with the provisions of the Securities Act and may only be sold
or offered for purchase in the United States of America subject to prior
registration in accordance with the provisions of the Securities Act, as
amended, or on the basis of an exemption if they have not previously been
registered. The issuer does not intend to register the offer of shares – in
full or in part – in the United States of America, or to carry out a public
offer in the United States of America.

No prospectus was published or will be published in the United Kingdom for
the securities to which this publication relates. Therefore, this
publication exclusively addresses, and may only be distributed to
“qualified investors”. Qualified investors are those who have (i)
professional experience in investment transactions as defined in Article 19
(5) of the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005 (the “Order”); (ii) are high net worth entities as defined in
Article 49(2)(a) to (d) of the Order; or (iii) whose circumstances
correspond to other persons to whom the document may be legally transmitted
(all these persons are identified collectively as “relevant persons”).
Furthermore, this publication is exclusively destined for those persons in
EEA member states outside Germany who are qualified investors as defined by
Article 2 (1) (e) of the Prospectus Directive (Directive 2003/71/EC, as
amended) (“qualified investors”). Any investment or investment activity in
connection with this publication is only accessible to, and will only be
entered into with (i) relevant persons in the United Kingdom or (ii)
qualified investors in EEA member states outside Germany. Any other persons
who receive this publication within a member state of the EEA other than
Germany should not refer to this publication, or act on the basis of it.

This publication is not an offer to purchase securities in Canada, Japan or
Australia.

End of Media Release

=——————————————————————–

Issuer: WCM Beteiligungs- und Grundbesitz-AG
Key word(s): Real estate

29.12.2014 Dissemination of a Press Release, transmitted by DGAP – a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

=——————————————————————–

Language: English
Company: WCM Beteiligungsund Grundbesitz-AG
Friedrich-Ebert-Anlage 36
60325 Frankfurt am Main
Germany
Phone: +49 (0)69 244 333 199
Fax: +49 (0)3212/4243 773
E-mail: info@wcm.de
Internet: www.wcm.de
ISIN: DE000A1X3X33
WKN: A1X3X33
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt
(General Standard), Hamburg, Stuttgart; Freiverkehr in
München

End of News DGAP-Media
=——————————————————————–
308893 29.12.2014

(END) Dow Jones Newswires

December 29, 2014 04:10 ET (09:10 GMT)

Alle Aktien des Tages Aktienanalysen News Kolumnen Videos […]

Cash America Announces Completion of Spin-off of Online Business, Enova, into Separate Public Company and Retains …

FORT WORTH, Texas–(BUSINESS WIRE)–

Cash America International, Inc. (CSH) (“Cash America”) announced the successful completion of the spin-off of Enova International, Inc. (“Enova”), which will begin “regular way” trading today on the New York Stock Exchange (“NYSE”) under the ticker symbol “ENVA.” Cash America’s board of directors began evaluating strategic alternatives for the possible separation of Enova in the spring of 2014, and in July it announced its intent to pursue the spin-off of Enova into a separate public company. The separation creates two companies oriented to serving the capital needs of consumers through distinctively different business models; one through a traditional storefront network and the other solely through the internet.

Daniel R. Feehan, Chief Executive Officer and President of Cash America, said, “Today we completed the strategic separation of two businesses in a way that we believe will deliver superior long-term value to the shareholders of Cash America. We acquired the business that is today known as Enova in 2006 when it was a small online lender offering a single product reporting nominal profits. Today, Enova is an innovative diversified online business with over $800 million in revenue, based on the trailing twelve months results ended September 30, 2014. Through the use of advanced analytics and product development, Enova now offers a wide variety of loan products in five foreign countries and the United States.”

Mr. Feehan continued, “The foundation for the success of Enova was generated through our appreciation for the need for small short-term loans, which started with our traditional legacy storefront business based in the U.S. known as Cash America Pawn. From the end of 2006, the year Cash America acquired Enova, through September of this year, the storefront secured lending business has grown from 487 locations to 948 locations and more than doubled its pawn loan balance outstanding from $127 million to $264 million and remains the largest pawn loan company in the United States in terms of loans outstanding. With a proud history of successfully meeting the needs of its customers in a storefront environment, Cash America will continue to be a leader in its industry and set the standard for others to follow.”

At 12:01 a.m. Eastern Time today, each holder of Cash America common stock received shares of Enova common stock at a rate of 0.915 shares for each Cash America share owned as of November 3, 2014, which was the record date for distribution. The distribution was issued in book entry form only and no physical certificates were issued. Fractional shares of Enova were not distributed, and Cash America shareholders will receive cash in lieu of any fractional shares they would otherwise have been entitled to receive in the distribution. Today’s distribution of Enova qualifies as a tax-free distribution to shareholders of Cash America.

Cash America’s common stock will continue to trade on the NYSE under the ticker symbol “CSH.”

Cash America and Enova now operate as two independent companies. Cash America retains ownership of 20% of Enova following today’s distribution.

About Cash America

As of September 30, 2014 Cash America International, Inc. (the “Company”) operated 948 total locations offering specialty financial services to consumers, which included the following:

863 lending locations in 21 states in the United States primarily under the names “Cash America Pawn,” “SuperPawn,” “Cash America Payday Advance,” and “Cashland”; and 85 check cashing centers (all of which are unconsolidated franchised check cashing centers) operating in 12 states in the United States under the name “Mr. Payroll.”

For additional information regarding Cash America International, Inc. visit its website located at www.cashamerica.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This release contains forward-looking statements about the business, financial condition, operations and prospects of the Company. The actual results of the Company could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties including, without limitation: the effect of, compliance with or changes in domestic pawn, consumer credit, tax and other laws and governmental rules and regulations applicable to the Company’s business or changes in the interpretation or enforcement thereof; the regulatory and examination authority of the Consumer Financial Protection Bureau, including the effect of and compliance with a consent order the Company entered into with the Consumer Financial Protection Bureau in November 2013; risks related to the separation of the Company and Enova; the Company’s ability to process or collect consumer loans through the Automated Clearing House system; the actions of third parties who provide, acquire or offer products and services to, from or for the Company; public and regulatory perception of the Company’s business, including its consumer loan business and its business practices; the effect of any current or future litigation proceedings or any judicial decisions or rule-making that affect the Company, its products or its arbitration agreements; fluctuations, including a sustained decrease, in the price of gold or deterioration in economic conditions; a prolonged interruption in the Company’s operations of its facilities, systems and business functions, including its information technology and other business systems; changes in demand for the Company’s services and changes in competition; the Company’s ability to maintain an allowance or liability for estimated losses on consumer loans that are adequate to absorb credit losses; the Company’s ability to attract and retain qualified executive officers; the ability of the Company to open new locations in accordance with its plans or to successfully integrate newly acquired businesses into the Company’s operations; interest rate fluctuations; changes in the capital markets, including the debt and equity markets; changes in the Company’s ability to satisfy its debt obligations or to refinance existing debt obligations or obtain new capital to finance growth; security breaches, cyber-attacks or fraudulent activity; acts of God, war or terrorism, pandemics and other events; the effect of any of such changes on the Company’s business or the markets in which it operates; and other risks and uncertainties indicated in the Company’s filings with the Securities and Exchange Commission. These risks and uncertainties are beyond the ability of the Company to control, nor can the Company predict, in many cases, all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in this release, terms such as “believes,” “estimates,” “should,” “could,” “would,” “plans,” “expects,” “anticipates,” “may,” “forecasts,” “projects” and similar expressions and variations as they relate to the Company or its management are intended to identify forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements to reflect events or circumstances occurring after the date of this release.

FinanceInvestment & Company InformationEnova Contact:

Cash America International, Inc.
Thomas A. Bessant, Jr., 817-335-1100

[…]

Cash America Announces That Its Board of Directors Has Approved the Spin-off of Enova International, Inc.

FORT WORTH, Texas–(BUSINESS WIRE)–

Cash America International, Inc. (CSH) announced today that its Board of Directors has approved the spin-off of its E-Commerce Division (that comprises its e-commerce segment), Enova International, Inc. (“Enova”), into an independent and separate publicly traded company.

Cash America and Enova will be separated through the distribution of approximately 80 percent of the outstanding shares of Enova to holders of Cash America International, Inc. common stock. Subject to the satisfaction of certain conditions to the spin-off, the distribution is expected to occur at 12:01 am Eastern Time on November 13, 2014. Cash America shareholders will receive 0.915 shares of Enova common stock for every one share of Cash America common stock held at the close of business on November 3, 2014, which is the record date for the distribution. Fractional shares of Enova common stock will not be distributed. Any fractional shares of Enova common stock will be aggregated and sold in the open market and the aggregate net proceeds of the sales will be distributed ratably in the form of cash payments to Cash America shareholders of record who would otherwise be entitled to receive a fractional share of Enova common stock. Following the distribution of Enova common stock, shares of common stock will be traded on the New York Stock Exchange under the symbol “ENVA.”

Enova is a leading provider of online financial services that uses advanced technology and analytics to drive lending decisions. Since 2004, Enova has completed over 27 million transactions and collected approximately 12 terabytes of consumer behavior data. In 2013, Enova extended approximately $2.6 billion in credit to borrowers in the United States, United Kingdom, Canada, and Australia.

Trading of Cash America and Enova Shares Prior to the Distribution Date

In connection with the distribution, beginning on or shortly before the record date and continuing up to the distribution date, Cash America expects that there will be three trading markets:

In the “regular way” market, shares of Cash America common stock will trade with an entitlement to the Enova common shares distributed on the distribution date under the symbol “CSH.” Holders who sell Cash America common stock in the regular way market before the distribution date will also sell their right to receive Enova common shares. In the “ex-distribution” market, shares of Cash America common stock will trade without the right to the Enova common shares distributed on the distribution date under the symbol “CSH WI.” Holders who sell Cash America common stock in the ex-distribution market before the distribution date will retain their right to receive Enova common shares in the distribution. In the “when-issued” market, the right to receive Enova common shares distributed on the distribution date will trade under the symbol “ENVA WI.” Holders who sell the right to Enova common shares in the when-issued market before the distribution date will retain their shares of Cash America common stock.

Cash America anticipates that “regular way” trading of Enova common stock under the symbol “ENVA” will begin on November 13, 2014, the date the distribution occurs.

Cash America shareholders are encouraged to consult their financial advisors and tax advisors regarding the particular consequences of the distribution in their situation, including, without limitation, the specific implications of selling Cash America common stock on or prior to the distribution date and the applicability and effect of any U.S. federal, state, local and foreign tax laws.

Information About the Spin-off

The Enova spin-off has been structured to qualify as a tax-free distribution to U.S. holders of Cash America common stock for U.S. federal income tax purposes. Cash received in lieu of fractional shares will, however, be taxable. Cash America has received a private letter ruling from the Internal Revenue Service with respect to the treatment of certain aspects of the spin-off. Based on the private letter ruling and certain facts, assumptions, representations and undertakings made by Cash America and Enova, Cash America has received an opinion of counsel to the effect that for U.S. federal income tax purposes, the distribution of Enova common stock and certain related transactions will not be taxable to Cash America or U.S. holders of Cash America common stock, except in respect to cash received in lieu of fractional share interests which generally will be taxable to such holders as a capital gain.

The completion of the distribution is subject to the satisfaction or waiver of a number of conditions, including the Registration Statement on Form 10 for Enova common stock being declared effective by the U.S. Securities and Exchange Commission (the “SEC”) and certain other conditions described in the information statement included in the Enova Registration Statement on Form 10. Cash America expects all the conditions to the distribution to be satisfied on or before the distribution date. Enova’s Registration Statement on Form 10 is available at the SEC’s website at http://www.sec.gov. Prior to the distribution, Cash America will mail or provide access to a copy of the information statement filed as part of the registration statement to all shareholders entitled to receive the distribution. The information statement will provide details regarding the distribution and describe Enova and its shares, including the risks of Enova’s business and owning shares of Enova common stock. Cash America shareholders are encouraged to read the information statement closely.

No action is required by Cash America shareholders in order to receive shares of Enova common stock in the spin-off distribution. Cash America shareholders entitled to receive the dividend will receive a book-entry account statement reflecting their ownership of Enova common stock, or their brokerage account will be credited for the shares.

Cash America will hold its quarterly conference call to discuss third quarter 2014 results and the spin-off of Enova on Thursday, October 23, 2014, at 8:00 a.m. Eastern Time (7:00 a.m. Central Time). This call will be webcast and may be accessed on the Investor Relations section of Cash America’s website located at http://www.cashamerica.com.

About the Company

As of September 30, 2014, Cash America International, Inc. (the “Company”) operated 948 total locations offering specialty financial services to consumers, which included the following:

863 lending locations in 21 states in the United States primarily under the names “Cash America Pawn,” “SuperPawn,” “Cash America Payday Advance,” and “Cashland;” and 85 check cashing centers (all of which are unconsolidated franchised check cashing centers) operating in 12 states in the United States under the name “Mr. Payroll.”

Additionally, as of September 30, 2014, Enova offered consumer loans over the Internet to customers:

in 34 states in the United States at http://www.cashnetusa.com; http://www.netcredit.com; and

http://www.headwaycapital.com;

in the United Kingdom at http://www.quickquid.co.uk, http://www.quickquidflexcredit.co.uk, http://www.poundstopocket.co.uk, and http://www.onstride.co.uk; in Australia at http://www.dollarsdirect.com.au; in Canada at http://www.dollarsdirect.ca; in Brazil at http://www.simplic.com.br; and in China at http://www.youxinyi.cn.

For additional information regarding the Company and the services it provides, visit the Company’s websites located at:

http://www.cashamerica.com

http://www.dollarsdirect.com.au

http://www.enova.com

http://www.dollarsdirect.ca

http://www.cashnetusa.com

http://www.quickquidflexcredit.co.uk

http://www.netcredit.com

http://www.onstride.co.uk

http://www.cashlandloans.com

http://www.simplic.com.br

http://www.quickquid.co.uk

http://www.mrpayroll.com

http://www.poundstopocket.co.uk

http://www.youxinyi.cn

http://www.headwaycapital.com

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This release contains forward-looking statements about the business, financial condition, operations and prospects of the Company. The actual results of the Company could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties including, without limitation: the effect of, compliance with or changes in domestic and foreign pawn, consumer credit, tax and other laws and governmental rules and regulations applicable to the Company’s business or changes in the interpretation or enforcement thereof; the regulatory and examination authority of the Consumer Financial Protection Bureau in the U.S. and the Financial Conduct Authority in the United Kingdom, including the effect of and compliance with a consent order the Company entered into with the Consumer Financial Protection Bureau in November 2013 and changes to the Company’s UK business practices as a result of adapting the Company’s business in response to the requirements of the Financial Conduct Authority; changes in the political, regulatory or economic environment in foreign countries where the Company operates or in the future may operate; risks related to the potential separation of the Company’s online lending business that comprises its e-commerce division, Enova International, Inc.; the Company’s ability to process or collect consumer loans through the Automated Clearing House system; the actions of third parties who provide, acquire or offer products and services to, from or for the Company; public and regulatory perception of the Company’s business, including its consumer loan business and its business practices; the effect of any current or future litigation proceedings or any judicial decisions or rule-making that affect the Company, its products or its arbitration agreements; fluctuations, including a sustained decrease, in the price of gold or deterioration in economic conditions; a prolonged interruption in the Company’s operations of its facilities, systems and business functions, including its information technology and other business systems; changes in demand for the Company’s services and changes in competition; the Company’s ability to maintain an allowance or liability for estimated losses on consumer loans that are adequate to absorb credit losses; the Company’s ability to attract and retain qualified executive officers; the ability of the Company to open new locations in accordance with its plans or to successfully integrate newly acquired businesses into the Company’s operations; interest rate and foreign currency exchange rate fluctuations; changes in the capital markets, including the debt and equity markets; changes in the Company’s ability to satisfy its debt obligations or to refinance existing debt obligations or obtain new capital to finance growth; security breaches, cyber-attacks or fraudulent activity; acts of God, war or terrorism, pandemics and other events; the effect of any of such changes on the Company’s business or the markets in which it operates; and other risks and uncertainties indicated in the Company’s filings with the Securities and Exchange Commission. These risks and uncertainties are beyond the ability of the Company to control, nor can the Company predict, in many cases, all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in this release, terms such as “believes,” “estimates,” “should,” “could,” “would,” “plans,” “expects,” “anticipates,” “may,” “forecasts,” “projects” and similar expressions and variations as they relate to the Company or its management are intended to identify forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements to reflect events or circumstances occurring after the date of this release.

FinanceInvestment & Company InformationEnovacommon stock […]

ACE Cash Express Joins the Green Dot Reload Network, Adding 1,500 Locations

PASADENA, Calif.–(BUSINESS WIRE)–

ACE Cash Express, Inc. (ACE) and Green Dot Corporation (GDOT) have signed a distribution agreement, making ACE an authorized retailer for the Green Dot Reload Network. Beginning this month, any cardholder with a Green Dot Network-enabled prepaid card can now reload cash to their card at any of ACE’s 1,500 locations in 35 states and the District of Columbia. Additionally, in 2015, Green Dot will begin selling other Green Dot-branded products at ACE locations.

Green Dot owns and operates the nation’s largest reload network. More than 200 programs representing millions of cardholders utilize Green Dot’s network for reload services through approximately 100,000 retail locations nationwide. Green Dot’s recent expansion into leading financial services center (FSC) retailers throughout the U.S. has met with strong retailer and consumer demand. In just the past twelve months, Green Dot has gone from no distribution in this important customer channel to now, with the addition of ACE, nearly 3,000 FSC locations coast to coast selling its products and services.

About ACE Cash Express

ACE Cash Express, Inc. is a leading retailer of financial services, including payday loans, installment loans, title loans, check cashing, bill payment, wire transfer, money orders and prepaid debit card services. ACE is the largest owner and operator of check cashing stores in the United States and the second largest owner and operator of short-term consumer loan stores in the United States. ACE focuses on serving consumers, many of whom seek alternatives to traditional banking relationships in order to gain convenient and immediate access to financial services. For additional information about ACE Cash Express, visit www.acecashexpress.com.

ACE Cash Express on Twitter and ACE Cash Express on Facebook

About Green Dot Corporation

Green Dot Corporation and its wholly owned subsidiary bank, Green Dot Bank, are focused exclusively on serving Low and Moderate Income American families with modern, fair and feature-rich financial products and services, including prepaid cards, checking accounts and cash processing services distributed through a network of some 100,000 retail stores, neighborhood financial service centers and via digital channels. The Company is headquartered in Pasadena, California with Green Dot Bank located in Provo, Utah.

Green Dot Corporation Contact:

Investor Relations

Green Dot Corporation

Christopher Mammone, 626-765-2427

IR@greendot.com

or

Media Relations

ICR for Green Dot Corporation

Brian Ruby, 203-682-8268

PR@greendot.com

or

ACE Cash Express

Victoria Daugherty, 972-550-5161

Communication Manager

vdaugherty@acecashexpress.com […]

Cash America Announces Exit of Mexico and Colorado Markets

FORT WORTH, Texas–(BUSINESS WIRE)–

Cash America International, Inc. (CSH) announced today that it has exited two non-strategic markets through the sale of its 47 pawn lending locations in Mexico and its 5 pawn lending locations in Colorado. The 47 locations in Mexico and the 5 locations in Colorado represent all of the Company’s stores in each of those markets. After the completion of these two transactions, the Company will operate 864 lending locations in 21 states with $256.5 million in pawn loan balances, based on pawn loan balances outstanding as of June 30, 2014.

Commenting on the transactions, Daniel R. Feehan, President and Chief Executive Officer of Cash America said, “Over the last two years Cash America has added 132 pawn lending locations primarily through acquisitions. The addition of this group of pawn locations expanded our presence in strategically important markets for our business, including Texas, Georgia, Tennessee and North Carolina. The decision to exit the non-strategic markets of Mexico and Colorado will allow us to focus our resources and efforts on driving growth and enhancing the customer service in our overall network of coast to coast locations in the United States.”

About the Company

Excluding the 52 locations mentioned above, as of June 30, 2014 Cash America International, Inc. (the “Company”) operated 952 total locations offering specialty financial services to consumers, which included the following:

864 lending locations in 21 states in the United States primarily under the names “Cash America Pawn,” “SuperPawn,” “Cash America Payday Advance,” and “Cashland;” and 88 check cashing centers (all of which are unconsolidated franchised check cashing centers) operating in 12 states in the United States under the name “Mr. Payroll.”

Additionally, as of June 30, 2014, the Company offered consumer loans over the Internet to customers:

in 33 states in the United States at http://www.cashnetusa.com and http://www.netcredit.com; in the United Kingdom at http://www.quickquid.co.uk, http://www.quickquidflexcredit.co.uk, http://www.poundstopocket.co.uk, and http://onstride.co.uk; in Australia at http://www.dollarsdirect.com.au; in Canada at http://www.dollarsdirect.ca; and in Brazil at http://www.simplic.com.br.

For additional information regarding the Company and the services it provides, visit the Company’s websites located at:

http://www.cashamerica.com

http://www.dollarsdirect.com.au

http://www.enova.com

http://www.dollarsdirect.ca

http://www.cashnetusa.com

http://www.quickquidflexcredit.co.uk

http://www.netcredit.com

http://www.onstride.co.uk

http://www.cashlandloans.com

http://www.simplic.com.br

http://www.quickquid.co.uk

http://www.mrpayroll.com

http://www.poundstopocket.co.uk

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This release contains forward-looking statements about the business, financial condition, operations and prospects of the Company. The actual results of the Company could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties including, without limitation: the effect of, compliance with or changes in domestic and foreign pawn, consumer credit, tax and other laws and governmental rules and regulations applicable to the Company’s business or changes in the interpretation or enforcement thereof; the regulatory and examination authority of the Consumer Financial Protection Bureau in the U.S. and the UK Financial Conduct Authority, including the effect of and compliance with a consent order the Company entered into with the Consumer Financial Protection Bureau in November 2013 and changes to the Company’s UK business practices as a result of adapting the Company’s business in response to the requirements of the Financial Conduct Authority; changes in the political, regulatory or economic environment in foreign countries where the Company operates or in the future may operate; risks related to the potential separation of the Company’s online lending business that comprises its e-commerce division, Enova International, Inc.; the Company’s ability to process or collect consumer loans through the Automated Clearing House system; the actions of third parties who provide, acquire or offer products and services to, from or for the Company; public and regulatory perception of the Company’s business, including its consumer loan business and its business practices; the effect of any current or future litigation proceedings or any judicial decisions or rule-making that affect the Company, its products or its arbitration agreements; fluctuations, including a sustained decrease, in the price of gold or deterioration in economic conditions; a prolonged interruption in the Company’s operations of its facilities, systems and business functions, including its information technology and other business systems; changes in demand for the Company’s services and changes in competition; the Company’s ability to maintain an allowance or liability for estimated losses on consumer loans that are adequate to absorb credit losses; the Company’s ability to attract and retain qualified executive officers; the ability of the Company to open new locations in accordance with its plans or to successfully integrate newly acquired businesses into the Company’s operations; interest rate and foreign currency exchange rate fluctuations; changes in the capital markets, including the debt and equity markets; changes in the Company’s ability to satisfy its debt obligations or to refinance existing debt obligations or obtain new capital to finance growth; security breaches, cyber-attacks or fraudulent activity; acts of God, war or terrorism, pandemics and other events; the effect of any of such changes on the Company’s business or the markets in which it operates; and other risks and uncertainties indicated in the Company’s filings with the Securities and Exchange Commission. These risks and uncertainties are beyond the ability of the Company to control, nor can the Company predict, in many cases, all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in this release, terms such as “believes,” “estimates,” “should,” “could,” “would,” “plans,” “expects,” “anticipates,” “may,” “forecasts,” “projects” and similar expressions and variations as they relate to the Company or its management are intended to identify forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements to reflect events or circumstances occurring after the date of this release.

FinanceBusinessCash America Contact:

Cash America International, Inc.
Thomas A. Bessant, Jr., 817-335-1100

[…]

FY 2014 Results: US$24M Cash Flow from Operations, US$9M Increase in Net Cash

SANTIAGO, Chile–(BUSINESS WIRE)–

Orosur Mining Inc. (‘OMI’ or ‘the Company’) (OMI.TO) (OMI.TO), the South American-focused gold producer, developer and explorer is pleased to announce the results for the fiscal year ended May 31, 2014.

Highlights

Gold production of 60,271 oz ahead of upgraded guidance (55,000 – 60,000 oz). Cash operating costs reduced by 28% to US$792/oz (2013: US$1,093/oz) beating upgraded guidance. All-In-Sustaining costs reduced by 34% to US$1,049/oz (2013: US$1,601/oz). Average gold price received of US$1,298/oz (US$1,605 in 2013). Net Profit after tax of US$5.1 M (2013: loss of US$14.8M). Cash Flow from operations increased by 13% to US$23.9M (2013: US$21.2M). Net cash increased by US$9.2M with a cash balance of US$10.8M and total debt of US$4.9M as at May 31, 2014 (Net cash of US$5.9M). San Gregorio Mine life extended after addition of 75,000 oz to reserves at key projects. The San Gregorio-Arenal trend in Uruguay has been delineated over an approximate 200m wide corridor and along an extension of approximately 10 km with six initial targets defined to date. Exploration models have been advanced in Chile at minimal cost with the results at Quebrada Pantanillo consistently supporting the existence of a high sulphidation epithermal system and a structural interpretation study at Anillo which has defined six domains and several new targets. Acquisition of Waymar Resources Ltd. closed on July 9, 2014, adding the high grade Anzá gold exploration project in Colombia to Orosur’s exploration portfolio.

Ignacio Salazar, CEO of Orosur, said:

“Orosur is pleased to have achieved strong 2014 operating and financial results, delivering ahead of guidance given for production and cash costs. We have been able to generate operating cash flow of some US$24 million, 13% more than we generated in 2013 despite a significantly lower gold price environment.

“Whilst implementing numerous programmes to improve operations during a year of significant change for Orosur, we successfully executed the exploration and development work necessary to extend San Gregorio´s mine-life and grow our reserve base. Guided by disciplined capital investment evaluations, progress has been made at delineating the Arenal-San Gregorio mineralised corridor in Uruguay and in defining additional targets at our Chilean explorations assets.

“After financing all our growth programs internally, Orosur still improved its net cash position by US$9 million during the year. Beyond our current assets, the recent acquisition of Waymar Resources has added an attractive high grade exploration asset with significant upside in Colombia in the Anzá project. We are delighted to deliver progress across these areas and our intention remains to work efficiently and diligently for the benefit of our shareholders. We look forward to the year to come.”

Results Conference Call

Orosur will be hosting a conference call for analysts and investors to discuss the FY 2014 results, please find details for the call below:

Time & Date:

18th August 2014 4.00pm British Summer Time 11:00am Eastern Standard Time 8:00am Pacific Standard Time

Dial-In:

Canada: + 1 (514) 841 2196 United States: +1 (718) 873 9077

London: +44 (0) 20313 94830

Passcode:

68606095# Operational & Financial Summary1 Fiscal Year (FY)
ended May 31 2014 2013 Change Operating Results Gold produced Ounces 60,271 64,994 (4,723) Operating Cash cost3 US$/oz 792 1,093 (301) Average price received

US$/oz

1,298 1,605 (307) Financial Results Revenue US$ ‘000 80,370 105,884 (25,514) Net income (loss) after tax US$ ‘000 5,123 (14,825) (19,948)

Cash flow from operations2

US$ ‘000

23,885

21,209

2,676

Cash & Debt at the end of the period – Summary 2014 2013 Diff Cash balance US$ ‘000 10,818 5,633 5,185 Total Debt US$ ‘000 4,939 8,995 (4,056) Cash net of debt US$ ´000 5,879 (3,362) (9,241) 1

Results are based on IFRS and expressed in US dollars

2

Before non-cash working capital movements

3

Operating cash cost is total cost discounting royalties and capital tax on production assets.

FY2014 & Q4 Production and Cash Costs

The constant emphasis on cost control adopted since May 2013 has delivered strong results in the fourth quarter and the financial year as a whole. Operational improvements introduced in ore control, mine planning, modelling and operations were important factors in delivering FY 2014 results which beat the upgraded guidance figures provided to the capital markets.

Cash operating costs for the year were US$792/oz compared to US$1,093/oz in FY 2013. This represents a decrease of 28% and is also lower than the upgraded cash cost guidance of US$800-875/oz.

A strong performance at Arenal in the second half (H2) and especially in Q4, with higher production than expected, helped the Company to beat the upgraded targets that were given at the half year.

All-In-Sustaining costs have been US$1,049/oz in FY2014 compared to US$1,601/oz in FY2013.

Full Year
Actual

Upgraded
Full year
Outlook

Original Full
year Outlook

Gold produced Ounces 60,271 55,000-60,000 50,000–55,000 Cash Operating cost US$/oz 792 800-875 850-925 Q4 Actual H2 Outlook H2 Actual Gold produced Ounces 15,319 23,320-28,320 28,590 Cash Operating cost US$/oz 844 850-1,000 820

FY 2015 Outlook & Guidance

The Company’s forecast production guidance for FY 2015 is between 50,000 to 55,000 ounces of gold at operating cash costs of between US$850 to US$950 per ounce. FY 2015 Production from Arenal Deeps is expected to contribute approximately 70-75% of total gold production, with open pit mining contributing the balance of the production profile.

The Company’s 2015 guidance is in line with the original guidance adopted in FY 2014, which were upgraded and beat, however the Company considers it prudent to maintain similar targets, as external factors are expected to contribute to cost appreciation and lower production grades are anticipated in the mining plan for the year. The United States Dollar:Uruguayan Peso exchange rate has remained relatively stable over the last several years despite the varying inflation rates between these two currencies. While this exchange rate is not sustainable in the long run and the Company is expected to get the benefit of the depreciation of the Peso at some stage, this has not been included in the current plan. Having said this, the Company expects to maintain the level of savings achieved since 2013 and plans to continue its operational improvement program focused on sustainable cost cutting measures and driving ongoing operational efficiencies.

As in the past, variations in production and unit costs will occur quarter on quarter as the mine plan draws ore from several Arenal stopes with different grades, positions and sizes, changing the level of access required as well as the addition of ore from several open pits at varying grades and stages of stripping. The Company plans to achieve its production and cost targets over the course of the year and is expecting higher unit cash costs in the first half of the year compared to the second half based on the current planned mining sequence.

FY 2014 Financial Summary

FY 2014 cash flow generated from operations before working capital was US$23.9M (FY 2013: US$21.2M). This increase was realized despite an average gold price in FY 2014 of US$1,298/oz compared to US$1,605/oz in FY2013.

FY 2014 Corporate expenses were US$3.5M compared to $5.3M in FY 2013, representing a 35% reduction as a result of the overall drive to sustainably reduce costs. This reduction was achieved by reducing or cancelling non essential activities or services, doing internally services performed in the past by consultants, renegotiating fees and working more efficiently.

FY 2014 profit after tax was US$5.1M, compared with a loss of US$14.8M in FY 2013.

The Company invested US$7.3M in capital and US$6.6M in exploration in FY 2014 compared to US$22.0M and US$9.2M respectively in FY 2013. The decrease in capital expenditure is as a result of the Arenal underground mine moving from development into production, as well as more efficient exploration expenditures.

Orosur’s cash position as at May 31 2014 was US$10.8M (FY 2013: US$5.6M) with total debt of US$4.9M (FY 2013: US$9M). The Company is following the contracted schedule of lease repayments with HSBC and Banco Santander and expects to almost entirely repay these facilities and be practically debt free by end of FY 2015. Net working capital (current assets less current liabilities including cash) was US$10.5M in FY 2014 (FY 2013:US$4.3M). The Company has US$3.0M of commited but undrawn lines of credit available at May 31, 2014 and at present is not planning to utilize them within the current development plans and gold price environment.

Q4 Development and Exploration

During the year, the Company has been systematically identifying new gold resources, and converting them to reserves. As a result, the Company has created a portfolio of projects to develop around San Gregorio which have extended its life of mine. The Company’s objective remains to sustainably carry out sufficient exploration to maintain a four-to-six year rolling reserve, as it has done for many years now.

As previously announced, the Company successfully added 40,000 oz of gold reserves from pillar-less mining using Cemented Rock Fill at the Arenal Deeps Mine in Q2, and 9,000 oz of gold reserves at Vaca Muerta following the results of an infill drilling campaign during Q2 and after re-optimizing the mineral reserves calculations using a US$1,200/oz gold price during Q3.

In addition, on the basis of historical drilling since 2006 and following a 4,886m exploration drilling campaign in Q4, the Company has successfully added an additional 11,000 oz of gold reserves in the Laureles open pit and 27,000 oz of resources (note that all resources are stated inclusive of reserves). The cost of the drilling campaign is equivalent to US$22/oz of reserves. The Laureles project is situated approximately 18 km north-east of the San Gregorio plant. Orosur continues its brownfield exploration program during FY14–15 around Vaca Muerta, Laureles as well as some secondary targets around the San Gregorio facility and on the Zapucay cluster.

The recent 2,504 m brownfield exploration drilling campaign in Arenal Deeps, below and along strike of the Arenal Deeps underground mine was conducted from underground platforms and targeting three different zones with potential mineralization, in close proximity to the current underground operations. As a result, Orosur has added 18,000 oz of resources and 15,000 oz of reserves. Additional exploration, targeting mineralization further along strike as well as at depth is planned to continue in FY 2015 at Arenal, with 2,300m of drilling focused on four additional blocks aimed to add similar geological resources to those added in the FY 2014 campaign.

In total, the Company added 75,000 oz of reserves to its main projects during FY 2014, thereby extending the minelife at San Gregorio to approximately 4 years.

Uruguay Development Projects

In additional to the brownfield exploration and development work in the above-mentioned open pits and at Arenal, the Company is carrying out modelling and engineering work on the San Gregorio deposit, aimed at delineating a significant geological resource adjacent to the existing open pit as well as evaluation an underground project at Veta A. The current potential of the underground project at Veta A Deeps was calculated using a cut-off of 1.71 g/t Au with a total of 138 kt @ 2.55 g/t Au for total resources of approximately 11,000 oz. Management believes that there is ample room for adding reserves to these projects and is evaluating potential synergies and optimal sequencing of these two projects as they are located within 1 km of each other.

Uruguay Greenfield Exploration

The Company’s exploratory efforts during Q4 continued to focus primarily on the high grade granulite basement and specifically on the corridor of the Santa Teresa, San Gregorio and Arenal Shear Zone (“SGSZ”), with a low cost surface exploration program to identify new mineralization centers along the historically poorly defined and mostly hidden south east extension of the SGSZ. This zone was delineated in 2014 within an approximate 200m wide corridor and along an extension of approximately 10 km. Six initial targets have been defined on this highly prospective potential belt and a program of 2,000m of DDH drilling, planned as a first pass campaign, started during Q4 and continues at present.

Additionally, in the Sobresaliente District, four target zones were identified and are currently under review. Mineralization is hosted in irregular, pod like bodies that require a more robust geophysical analysis as well as further drilling to delineate.

The recently acquired L-500 diamond rig is operational and supporting all surface exploration drilling. The incorporation of this drill rig is not only providing flexibility but also reducing the Company’s drilling costs.

Chile

In Chile, activities were concentrated on surface exploration at Quebrada Pantanillo and at Anillo. The goal is to acquire valuable data and information that contributes to advancing the current exploration models at minimal cost.

Work at Quebrada Pantanillo consisted of surface delineation work including mapping, a groundmagnetic 3D inversion model, spectrometry, geochem reinterpretation and three CSAMT sections. Results from this data consistently support the existence of a high sulphidation epithermal system.

At Anillo, the Company completed a structural interpretation study by Nick Olivier which defined six domains and several new targets.

There were no significant additional activities in Chile during Q4.

Colombia

The acquisition of Waymar Resources Ltd. by way of a plan of arrangement closed after the FY 2014 year end on July 9, 2014, on schedule and within budget as already announced. The integration of the Anzá project and the team within Orosur progressed smoothly and has now completed. The Anzá gold exploration project is an attractive high grade asset with significant upside. There are several targets in Anzá at different stages of development. In FY 2015, Orosur is planning to review and advance the technical evaluation of the various options in Anzá to plan and define the upcoming round of drilling in Colombia, and re-constitute the local team during the second half of the year.

END

Qualified Person’s Statement

The information presented in this press release has been reviewed by Walter Muehlebach, GM Exploration of OMI and by Francisco Castillo, GM San Gregorio and they are both considered to be in compliance with N.I. 43-101 reporting guidelines. Mr. Muehlebach is a graduate in Geology of the Universidad Católica del Norte (Chile) and a member of the Chilean Comisión Calificadora de Competencias en Recursos y Reservas Mineras, and has 23 years of experience in the field of mineral exploration. Mr. Castillo is a graduate in Mining Engineering of the Universidad de Santiago de Chile and a member of the Chilean Comisión Calificadora de Competencias en Recursos y Reservas Mineras, and has 12 years of professional experience.

Forward Looking Statements

All statements, other than statements of historical fact, contained or incorporated by reference in this news release, including any information as to the future financial or operating performance of the Company, constitute “forward-looking statements” within the meaning of certain securities laws, including the “safe harbour” provisions of the Securities Act (Ontario) and the United States Private Securities Litigation Reform Act of 1995 and are based on expectations estimates and projections as of the date of this news release. There can be no assurance that such statements will prove to be accurate, such statements are subject to significant risks and uncertainties, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements include, without limitation success of exploration activities; permitting time lines; the failure of plant; equipment or processes to operate as anticipated; accidents; labour disputes; requirements for additional capital title disputes or claims and limitations on insurance coverage. The Company disclaims any intention or obligation to update or revise any forward looking statements whether as a result of new information, future events and such forward-looking statements, except to the extent required by applicable law.

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.

About Orosur Mining Inc.

Orosur Mining Inc. is a fully integrated gold producer, developer and exploration company focused on identifying and advancing gold projects in South America. The Company operates the only producing gold mine in Uruguay (San Gregorio), and has assembled an exploration portfolio of high quality assets in Uruguay, Chile and Colombia. The Company is quoted in Canada (OMI.TO) and London (OMI.TO).

For more information please visit www.orosur.ca

– Financial Statements Follow –

Orosur Mining Inc. Consolidated Statements of Financial Position

Thousands of United States Dollars, except where indicated

As at May 31
2014($)

As at May 31
2013($)

Assets Notes Cash and cash equivalents 10,818 5,633 Accounts receivable and other assets 5 3,338 3,776 Inventories 6 14,254 15,715 Total current assets 28,410 25,124 Accounts receivable and other assets 5 414 Property plant and equipment and development costs 7 37,323 47,321 Exploration and evaluation costs 8 35,813 31,686 Deferred income tax assets 14 5,470 5,305 Restricted cash 258 332 Total non-current assets 79,278 84,644 Total Assets 107,688 109,768 Liabilities and Shareholders’ Equity Trade payables and other accrued liabilities 5 13,343 16,665 Financial debt 20 3,978 4,172 Environmental rehabilitation provisions 10 598 Total current liabilities 17,919 20,837 Financial debt 20 961 4,823 Environmental rehabilitation provisions 10 5,828 6,148 Total non-current liabilities 6,789 10,971 Total liabilities 24,708 31,808 Capital stock 11 55,184 55,184 Warrants 12 276 Contributed surplus 12 5,708 5,535 Retained earnings 22,088 16,965 Total shareholders’ equity 82,980 77,960 Total liabilities and shareholders’ equity 107,688 109,768 Orosur Mining Inc. Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)

(Thousands of United States Dollars except for earnings per share amounts)

2014 ($ ) 2013 ($ ) For the years ended May 31 Note 80,370 105,884 Sales Cost of sales 22 (72,905 ) (97,657 ) Gross profit 7,465 8,227 (3,498 ) (5,303 ) Corporate and administrative expense Exploration expenses and exploration write off 8 (245 ) (4,282 ) Impairment of assets 9 (557 ) (14,057 ) Obsolescence provision 9 (22 ) Uncollectible Receivables (45 ) Other income 1,139 589 Finance cost 21 (670 ) (261 ) Finance income 21 4 8 Derivative income 16 0 41 Net foreign exchange gain (loss) 91 (603 ) (3,803 ) (23,868 ) Profit (loss) before income tax 3,662 (15,641 ) Income tax recovery 14 1,461 816 Total income (loss) and comprehensive income (loss) for the year 5,123 (14,825 ) Earnings per common share Basic 19 0.07 (0.19 ) Diluted 19 0.07 (0.19 )

Orosur Mining Inc.

Consolidated Statements of Cash Flows

Thousands of United States Dollars, except where indicated

For the years ended May 31 Note 2014 ($) 2013 ($)

Net inflow (outflow) of cash related to the
following activities

Cash flow from Operating activities Net income (loss) for the year 5,123 (14,825 )

Adjustments to reconcile net income to net cash
provided from operating activities:

Depreciation 7 18,738 19,712 Impairment of assets 7 557 14,057 Exploration and evaluation expenses written off 8 219 4,217 Fair value of derivatives 16 (41 ) Accretion of asset retirement obligation 10 231 76 Deferred income tax assets 14(b) (165 ) (1,663 ) Stock based compensation 12 175 151 Gain on sale of property, plant and equipment 7 (706 ) (509 ) Others (287 ) 34 Subtotal 23,885 21,209 Changes in operating assets and liabilities Accounts receivable and other assets 78 897 Inventories 1,462 1,393 Trade payables and other accrued liabilities (3,324 ) (2,267 ) Net cash generated from operating activities 22,101 21,232 Cash flow from Financing activities Proceeds from the exercise of share options 70 Loans received 20 4,713 Loan payments (3,854 ) (1,518 ) Net cash from financing activities (3,854 ) 3,265 Cash flow from Investing activities Purchase of property, plant and equipment and development costs (4,762 ) (21,088 ) 7 Enviromental tasks 8 (2,572 ) (960 ) Proceeds from the sale of fixed assets 847 969 Exploration and evaluation expenditure assets 8 (6,575 ) (9,246 ) Net cash used in investing activities (13,062 ) (30,325 ) Increase / Decrease in cash and cash equivalents 5,185 (5,828 ) Cash and cash equivalents at the beginning of year 5,633 11,461

Cash and cash equivalents at the end of year

10,818

5,633

Orosur Mining Inc. Consolidated Statements of Changes in Shareholders’ Equity

Thousands of United States Dollars, except where indicated

For the years ended May 31 Note 2014 ($) 2013 ($) Capital stock Balance at beginning of year 55,184 55,074 Exercise of stock options 70 Transfer from contributed surplus for exercise of options 40 Balance at end of year 55,184 55,184 Broker warrants Balance at beginning of year 276 276 Warrant expiration (276 ) Balance at end of year 276 Contributed surplus Balance at beginning of year 5,534 5,424 Employee stock based compensation recognized 12 174 151 Transfer to Capital stock (40 ) Balance at end of year 5,708 5,535 Retained earnings Balance at beginning of year 16,965 31,790 Net income for the year 5,123 (14,825 ) Balance at end of year 22,088 16,965 Shareholders’ equity at end of year 82,980 77,960 Commodity MarketsCompany Earnings Contact: Orosur Mining Inc

Ignacio Salazar, + 562 2924 6800

Chief Executive Officer

info@orosur.ca

or

Cantor Fitzgerald Europe

Stewart Dickson / Jeremy Stephenson / Carrie Lun

Tel: +44 (0) 20 7894 7000

or

FTI Consulting

Ben Brewerton / Oliver Winters / Sara Powell

Tel: +44 (0) 20 3727 1000

[…]

Balboa Capital Boosts Its Small Business Loan Division With New Staff Members and Increased Lending Capacity

IRVINE, Calif., May 13, 2014 (GLOBE NEWSWIRE) — via PRWEB – Balboa Capital, a leading independent financing company that specializes in small business loan products, announced today the expansion of its small business loan division with new financing specialists, business loan coordinators and customer service representatives. Additionally, the company recently increased its lending capacity by securing a $152 million securitization. Balboa Capital boosted its small business loan division, which provides working capital loans, flexible business loans and merchant cash advances, to support the financing needs of companies in all industries throughout the United States.

“We are all about small business growth, and once again we have taken the steps necessary to help business owners secure funding for their immediate and short-term needs,” said David Van Patten, Business Funding Director at Balboa Capital. He adds, “Small businesses are the engine that drives our nation’s economy, and we’ve helped thousands of them move forward with our simple, hassle-free business loan products.” Balboa Capital’s aggressive growth initiatives are the result of an increased demand for small business financing and greater optimism about the economy, the latter of which was highlighted in a nationwide survey the company conducted. 75% of business owners surveyed by Balboa Capital feel the US economy is improving, and 84% expect unchanged or higher revenues this year.

Balboa Capital’s announcement comes during the 51st annual National Small Business Week, which recognizes the many contributions that small businesses in America make. To celebrate National Small Business Week, Balboa Capital is offering business owners a complimentary business loan whitepaper that has a wealth of information pertaining to the various loan products that are available. Balboa Capital also created an informative small business loan infographic that is free to download and share.

For more information about Balboa Capital’s small business loan products, contact David Van Patten at (855) 816-7921, or via email at davidmv(at)balboacapital(dot)com.

About Balboa Capital

Established in 1988, Balboa Capital is one of the largest privately-held independent finance companies in the United States delivering access to capital, speed of processing, dependable funding, state-of-the-art technology and innovative marketing tools that small and medium-sized customers require to fuel their growth and success. Balboa Capital markets its products through their small ticket, middle market, large ticket and vendor sales channels. The company’s diverse financing capabilities include equipment leasing, commercial financing, working capital loans, merchant cash advances, equipment vendor financing and franchise financing. For more information, and to hear Balboa Capital reviews from actual customers, visit http://www.balboacapital.com.

This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/smallbusinessloans/balboacapital/prweb11846911.htm

View photo.FinanceBusiness Services & Activities Contact: Balboa Capital
Jake Dacillo
jaked@balboacapital.com
+1 949-399-6340
[…]

Cash America Reports First Quarter Financial Results Will Exceed Expectations

FORT WORTH, Texas–(BUSINESS WIRE)–

Cash America International, Inc. (CSH) announced today that it anticipates earnings for the first quarter ended March 31, 2014 to be above its previously announced expectations for earnings per share. Management expects that net income per share will be in the range of $1.50 to $1.55 per share for the first three month period of 2014, which exceeds the $1.25 per share that was the top of its previously published estimate for the first quarter of 2014. Financial results for the first quarter were above management’s expectations due primarily to lower loan losses in the Company’s online consumer loan portfolio, greater retail sales net proceeds and better operating efficiencies in its retail lending services business.

Cash America will conduct a conference call to discuss its first quarter earnings on Thursday, April 24, 2014, at 7:00 AM CST. During that call management will address details about the trends and results that contributed to the Company’s financial performance that exceeded previous expectations. In addition, management will discuss its outlook for the remainder of 2014; however, at this time management does not anticipate that it will significantly modify its full year 2014 published range of estimated earnings per share.

In addition to the announcement of revised expectations for first quarter 2014 earnings per share, the Company also is reporting in a separate press release that its board of directors has authorized the evaluation of potential strategic alternatives, including a tax-free spin-off, for the separation of its online lending business that comprises its e-commerce division, Enova International, Inc. The potential separation will also be discussed on the April 24th conference call.

About the Company

As of December 31, 2013, Cash America International, Inc. (the “Company”) operated 1,006 total locations offering specialty financial services to consumers, which included the following:

869 lending locations in 22 states in the United States primarily under the names “Cash America Pawn,” “SuperPawn,” “Cash America Payday Advance,” and “Cashland;” 47 pawn lending locations in central and southern Mexico under the name “Cash America casa de empeño;” and 90 check cashing centers (all of which are unconsolidated franchised check cashing centers) operating in 13 states in the United States under the name “Mr. Payroll.”

Additionally, as of December 31, 2013, the Company offered consumer loans over the Internet to customers:

in 32 states in the United States at http://www.cashnetusa.com and http://www.netcredit.com; in the United Kingdom at http://www.quickquid.co.uk, http://www.quickquidflexcredit.co.uk, and http://www.poundstopocket.co.uk; in Australia at http://www.dollarsdirect.com.au; and in Canada at http://www.dollarsdirect.ca.

For additional information regarding the Company and the services it provides, visit the Company’s websites located at:

http://www.cashamerica.com

http://www.poundstopocket.co.uk

http://www.enova.com

http://www.dollarsdirect.com.au

http://www.cashnetusa.com

http://www.dollarsdirect.ca

http://www.netcredit.com

http://www.quickquidflexcredit.co.uk

http://www.cashlandloans.com

http://www.mrpayroll.com

http://www.quickquid.co.uk

Forward-Looking Statements

This release contains forward-looking statements about the business, financial condition, operations and prospects of the Company. The actual results of the Company could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties including, without limitation: the effect of, compliance with or changes in domestic and foreign pawn, consumer credit, tax and other laws and governmental rules and regulations applicable to the Company’s business or changes in the interpretation or enforcement thereof; the regulatory and examination authority of the Consumer Financial Protection Bureau in the U.S. and the UK Financial Conduct Authority; changes in the political, regulatory or economic environment in foreign countries where the Company operates or in the future may operate; risks related to the potential separation of the Company’s online lending business that comprises its e-commerce division, Enova International, Inc.; the Company’s ability to process or collect consumer loans through the Automated Clearing House system; the actions of third parties who provide, acquire or offer products and services to, from or for the Company; public perception of the Company’s business, including its consumer loan business and its business practices; the effect of any current or future litigation proceedings or any judicial decisions or rule-making that affect the Company, its products or its arbitration agreements; fluctuations, including a sustained decrease, in the price of gold or deterioration in economic conditions; a prolonged interruption in the Company’s operations of its facilities, systems and business functions, including its information technology and other business systems; changes in demand for the Company’s services and changes in competition; the Company’s ability to maintain an allowance or liability for estimated losses on consumer loans that are adequate to absorb credit losses; the Company’s ability to attract and retain qualified executive officers; the ability of the Company to open new locations in accordance with its plans or to successfully integrate newly acquired businesses into the Company’s operations; interest rate and foreign currency exchange rate fluctuations; changes in the capital markets, including the debt and equity markets; changes in the Company’s ability to satisfy its debt obligations or to refinance existing debt obligations or obtain new capital to finance growth; security breaches, cyber-attacks or fraudulent activity; acts of God, war or terrorism, pandemics and other events; the effect of any of such changes on the Company’s business or the markets in which it operates; and other risks and uncertainties indicated in the Company’s filings with the Securities and Exchange Commission. These risks and uncertainties are beyond the ability of the Company to control, nor can the Company predict, in many cases, all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in this release, terms such as “believes,” “estimates,” “should,” “could,” “would,” “plans,” “expects,” “anticipates,” “may,” “forecasts,” “projects” and similar expressions and variations as they relate to the Company or its management are intended to identify forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements to reflect events or circumstances occurring after the date of this release.

FinanceInvestment & Company Information Contact:

Cash America International, Inc.

Thomas A. Bessant, Jr., 817-335-1100

[…]

Drew J. Breakspear: Common-sense regulation of payday loans …

If you follow financial news like I do, you have probably seen recent coverage about payday loans and the problems they pose for our state’s poorest residents.

Payday loans are viewed negatively. More often than not, consumers pay high interest rates and some struggle to repay the loan. Several years ago, I had a brief conversation with a man who told me that he got into a pinch and took out a $300 payday loan. When I asked him how much interest he paid, he said “about $40.”

We continued talking and I asked if he felt that $40 of charges on a $300 payday loan was too much. He looked at me and said, “It was the only way that I could feed my family the next week. I would have paid $100 to feed my family.”

This story is not uncommon and Floridians are not the only ones affected by payday loans. According to The Pew Charitable Trusts, 12 million Americans use payday loans annually because they are often the only source of credit for many of our citizens.

Often, those who would prohibit or curtail payday loans do not offer solutions that replace that source of credit. Are we protecting our citizens if we eliminate their only source of borrowing?

As Commissioner of the Florida Office of Financial Regulation, I support the concept of payday loans and the protective measures put in place by the Legislature. Some critics of payday loans suggest that increasing access to payday lending services through the United States Postal Service is the solution.

If the postal service offered payday loans in 50 states, ensuring the appropriate parameters and safety of these services would create a regulatory burden — not to mention a heavy cost for citizens.

Throughout history, postal services around the world have done bank business, but the United States is different. Each state has its own laws and policies that govern their banking industry and financial markets.

Should a government agency be in the business of making loans? Would the postal service abide by these state laws and policies? Would each state be responsible for regulating the postal service payday lending? Who would have jurisdiction to investigate complaints?

Implementing such a program would undoubtedly require new laws and regulation at the state and federal levels. In Florida, it takes effort and diligence to make sure payday-lending services are following the law.

The best option is to make certain that protections and safeguards are in place. Through placing a cap on the loan amount and loan fees, allowing only one loan at a time with a maximum 30-day loan period, and requiring a cooling off period between loans, we continue to make Florida’s financial marketplace a safe place to do business.

New bills proposed by Sen. Garrett Richter and Rep. Kenneth Roberson (SB 590 and HB 623) will provide increased protection for consumers by rendering loan transactions uncollectable if made by unauthorized payday lenders.

We promote efficient and effective regulation of Florida’s financial marketplace and protect Floridians and their money through common-sense financial practices.

Drew J. Breakspear is Commissioner of the Florida Office of Financial Regulation. www.flofr.com Courtesy of Context Florida.

[…]

Cash Store Financial Provides Ontario Update – Cash Store Financial Engages Chief Compliance and Regulatory Affairs …

EDMONTON , Feb. 27, 2014 /CNW/ – The Cash Store Financial Inc. (“Cash Store Financial” or the “Company”) (TSX: CSF: NYSE: CSFS) today announces that it has created the position of Chief Compliance and Regulatory Affairs Officer (the “CCRO”). The CCRO reports directly to the special committee of independent directors (the “Special Committee”), which was appointed to review and respond to regulatory developments in Ontario and to evaluate strategic alternatives.

Cash Store Financial is pleased to announce that it has engaged Michele McCarthy to act as CCRO and to fulfill the mandate described below. Ms. McCarthy is an experienced senior executive with experience in numerous roles with global financial services companies. She has previously had mandates which included Chief Legal Officer, Chief Privacy Officer, and Chair of the Board of Directors at significant public and private corporations.

The mandate of the CCRO will include the following responsibilities:

Ensure that the Company and its affiliates (collectively, the “Cash Store Group”) are in compliance with all federal and provincial legislation, regulations and regulatory directives (the “Governing Legislation”); Ensure that all documents used in the business of the Cash Store Group are compliant with Governing Legislation; Develop procedures to identify, assess and communicate internally any changes or proposed changes to Governing Legislation; Foster a constructive relationship between the Cash Store Group and its regulators; and Oversee and assist business units within the Cash Store Group in the resolution of compliance issues.

Cash Store Financial further announces that it is engaging in ongoing discussions with its Ontario regulator in an effort to address the regulator’s concerns regarding the issuance of a lender loan license to the Company and its subsidiaries under the Payday Loans Act, 2008. Ms. McCarthy will lead these discussions in her role as CCRO while the Special Committee continues its review of strategic alternatives.

About Cash Store Financial

Cash Store Financial is the only lender and broker of short-term advances and provider of other financial services in Canada that is listed on the Toronto Stock Exchange (CSF.TO). Cash Store Financial also trades on the New York Stock Exchange (CSFS). Cash Store Financial operates 510 branches across Canada under the banners “Cash Store Financial” and “Instaloans”. Cash Store Financial also operates 27 branches in the United Kingdom .

Cash Store Financial and Instaloans primarily act as lenders and brokers to facilitate short-term advances and provide other financial services to income-earning consumers who may not be able to obtain them from traditional banks. Cash Store Financial also provides a private-label debit card (the “Freedom” card) and a prepaid credit card (the “Freedom MasterCard”) as well as other financial services, including bank accounts.

Cash Store Financial employs approximately 1,900 associates and is headquartered in Edmonton, Alberta .

Cash Store Financial is a Canadian corporation that is not affiliated with Cottonwood Financial Ltd. or the outlets Cottonwood Financial Ltd. operates in the United States under the name “Cash Store”. Cash Store Financial does not do business under the name “Cash Store” in the United States and does not own or provide any consumer lending services in the United States .

Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of United States federal securities legislation, which we refer to herein, collectively, as “forward-looking information”. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “estimates”, “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”, “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 achieved”. 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 Financial, to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, changes in economic and political conditions, legislative or regulatory developments, technological developments, third-party arrangements, competition, litigation, risks associated with but not limited to, market conditions, and other factors described under the heading “Risk Factors” in our Annual MD&A, which is on file with Canadian provincial securities regulatory authorities, and in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. 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.

SOURCE The Cash Store Financial Services Inc.

FinanceInvestment & Company Information Contact:

For further information, please contact:

Gordon Reykdal, CEO, at 780-408-5118, or
Peter Block, NATIONAL Public Relations, 416-848-1431

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