BERWYN, Pa.–( COMPANY WIRE )–National Money Mart business, a subsidiary of Dollar Financial Corp (NASDAQ:DLLR) and Canada ’ s leading convenience economic solutions provider, welcomes this new legislation passed away by the Nova Scotia federal federal government on November 23, 2006 that may balance strong consumer security having a payday loan industry that is viable.
Nova Scotia ’ s law that is new manage the cash advance industry could be the very very very first in Canada. The provinces of British Columbia, Alberta, Saskatchewan, Manitoba and brand brand New Brunswick also have expressed a desire to quickly introduce comparable legislation.
“ Money Mart strives to be the industry frontrunner in customer security, ” said Syd Franchuk, President of National cash Mart. “ We welcome this essential legislation and share the federal government of Nova Scotia ’ s dedication to balancing customer protection while ensuring a viable industry that may responsibly serve the millions of Canadians and a huge number of Nova Scotians whom make use of this essential service that is financial. ”
About Dollar Financial Corp
Dollar Financial Corp is a respected international monetary solutions business serving consumers that are under-banked. Its clients are usually solution sector people who need fundamental economic solutions but, for reasons of convenience and accessibility, purchase some or all their monetary solutions through the business in the place of from banking institutions along with other finance institutions. To meet up with the requirements of these clients, the business provides a variety of customer lending options and services mainly composed of check cashing, short-term customer loans, Western Union cash purchase and cash transfer services and products, reloadable VISA В® and MasterCard В® branded debit visit this website here cards, electronic taxation filing, bill repayment services, and appropriate document planning solutions.
The District of Columbia, Canada and the United Kingdom at October 31, 2006, the Company ’ s global store network consisted of 1,266 stores, including 857 company-operated financial services stores and 139 We The People legal document preparation locations in 34 states. The shop community may be the network that is largest of the sort in every one of Canada and also the great britain therefore the second-largest system of the sort in america. The Company ’ s customers, a lot of whom get income on an irregular basis or from numerous employers, are attracted to the convenient community places, extended working hours and top-quality customer support. The Company ’ s services and products, principally check always cashing and consumer that is short-term programs, offer instant usage of money for cost of living or other requirements.
Ahead Looking Declaration
This news launch contains forward searching statements, including statements in connection with Company ’ s future outcomes, development and running strategy, the impact of brand new shops and purchases, your debt refinancing, as well as the performance of new services and products. These ahead looking statements include dangers and uncertainties, including dangers associated with the regulatory environment, present and prospective future litigation, the integration of acquired shops, the performance of the latest shops, this new installment loan services and products along with other new items on the organization ’ s company, link between operations, monetary condition and leads. There could be no assurance that the organization will attain its anticipated outcomes, effectively incorporate some of its purchases, or that ongoing and future that is potential or that the different FDIC, Federal, state or international legislative or regulatory activities impacting the business or even the banking institutions with that the business does company will not adversely affect the organization ’ s operations. An even more complete description of the along with other dangers, uncertainties and presumptions is roofed into the Company ’ s filings because of the Securities and Exchange Commission, including those described under the heading “ Risk Factors ” within the last prospectus through the business ’ s follow-on general general general public offering filed aided by the SEC on June 16, 2006 and its particular yearly report on Form 10-K. You must not spot any reliance that is undue any forward-looking statements. We disclaim any responsibility to upgrade any such facets or to publicly announce link between any revisions to virtually any regarding the forward-looking statements included herein to reflect future activities or developments.