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 the latest legislation passed away by the Nova Scotia federal federal federal government on November 23, 2006 which will balance strong customer security having a payday loan industry that is viable.
Nova Scotia ’ s brand new legislation to manage the pay day loan industry could be the very first in Canada. The provinces of British Columbia, Alberta, Saskatchewan, Manitoba and brand brand New Brunswick have expressed a want to quickly introduce comparable legislation.
“ Money Mart strives to end up being 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 security while ensuring a viable industry that may responsibly provide the millions of Canadians and large number of Nova Scotians whom utilize this essential service that is financial. ”
About Dollar Financial Corp
Dollar Financial Corp is a respected worldwide monetary solutions business serving under-banked consumers. Its clients are generally solution sector people who need fundamental economic solutions but, for reasons of convenience and accessibility, buy some or all their economic solutions through the business in the place of from banking institutions along with other banking institutions. To satisfy the requirements of these clients, the organization provides a variety of customer financial loans and solutions primarily composed of check cashing, short-term customer loans, Western Union cash purchase and cash transfer items, reloadable VISA В® and MasterCard В® branded debit cards, electronic income tax filing, bill repayment solutions, and appropriate document planning solutions.
At October 31, 2006, the Company ’ s global shop system contained 1,266 stores, including 857 company-operated economic solutions shops and 139 We the individuals appropriate document planning places in 34 states, the District of Columbia, Canada and also the great britain. The shop system may be the biggest network of their sort in each of Canada together with uk therefore the second-largest system of their type in america. The Company ’ s clients, several of whom get earnings for an irregular basis or from numerous companies, are attracted to the convenient neighbor hood areas, extended working hours and customer service that is high-quality. The Company ’ s products, principally check always cashing and short-term customer loan programs, offer instant use of money for cost of living or other requirements.
Ahead Looking Declaration
This news release contains statements that are forward looking including statements regarding the Company ’ s future outcomes, growth and working strategy, the effect of the latest shops and purchases, your debt refinancing, and of the performance of the latest items. These ahead looking statements include dangers and uncertainties, including dangers linked to the regulatory environment, present and possible future litigation, the integration of obtained shops, the performance of the latest shops, the latest installment loan items as well as other new services on the organization ’ s company, link between operations, economic condition and leads. There may be no assurance that the organization will New Brunswick payday loans laws attain its anticipated outcomes, effectively incorporate any one of its purchases, or that ongoing and future that is potential or that the different FDIC, Federal, state or international legislative or regulatory tasks impacting the organization or the banking institutions with that the Company does company will likely not negatively impact the organization ’ s operations. An even more complete description of the as well as other dangers, uncertainties and assumptions is roofed into the Company ’ s filings because of the Securities and Exchange Commission, including those described under the“ that is heading Factors ” within the last prospectus through the business ’ s follow-on general general public offering filed because of the SEC on June 16, 2006 as well as its yearly report on Form 10-K. You must not spot any undue reliance on any forward-looking statements. We disclaim any responsibility to upgrade any such factors or to publicly announce link between any revisions to virtually any regarding the forward-looking statements included herein to reflect future occasions or developments.