Cash Mart Welcomes Nova Scotia Law on Pay Day Loans

Cash Mart Welcomes Nova Scotia Law on Pay Day Loans

BERWYN, Pa.–( COMPANY WIRE )–National Money Mart business, a subsidiary of Dollar Financial Corp (NASDAQ:DLLR) and Canada ??™ s leading convenience monetary solutions provider, welcomes the brand new legislation passed away by the Nova Scotia government on November 23, 2006 that may balance strong customer security with a viable pay day loan industry.

Nova Scotia ??™ s law that is new 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 need to quickly introduce legislation that is similar.

??? Money Mart strives to end up being the industry frontrunner in customer security, ??? said Syd Franchuk, President of National cash Mart. ??? We welcome this crucial legislation and share the federal government of Nova Scotia ??™ s commitment to balancing customer security while ensuring a viable industry that may responsibly provide the millions of Canadians and several thousand Nova Scotians whom utilize this essential monetary solution. ???

About Dollar Financial Corp

Dollar Financial Corp is a respected worldwide monetary solutions business serving under-banked consumers. Its clients are usually service sector people who need fundamental economic services but, for reasons of convenience and accessibility, buy some or all their monetary solutions through the business in place of from banking institutions as well as other institutions that are financial. To meet up the requirements of these customers, the business provides a selection of customer lending options and solutions mainly composed of check cashing, short-term https://speedyloan.net/ca/payday-loans-nb customer loans, Western Union cash purchase and cash transfer services and products, reloadable VISA ?® and MasterCard ?® branded debit cards, electronic taxation filing, bill repayment solutions, and legal document planning solutions.

At October 31, 2006, the Company ??™ s global shop system contained 1,266 stores, including 857 company-operated monetary solutions shops and 139 We the folks legal document planning areas in 34 states, the District of Columbia, Canada in addition to great britain. The shop community may be the biggest system of the sort in all of Canada and also the great britain therefore the second-largest network of their sort in the us. The Company ??™ s clients, a lot of whom get earnings on an irregular basis or from numerous companies, are attracted to the convenient community places, extended working hours and high-quality customer care. The Company ??™ s services and products, principally always check cashing and consumer that is short-term programs, offer instant use of money for bills or other requirements.

Ahead Looking Declaration

This news release contains ahead searching statements, including statements in connection with Company ??™ s future outcomes, development and running strategy, the effect of the latest shops and purchases, your debt refinancing, as well as the performance of the latest services and products. These ahead looking statements include dangers and uncertainties, including dangers associated with the regulatory environment, present and possible future litigation, the integration of acquired shops, the performance of the latest shops, the latest installment loan items as well as other new items on the business ??™ s company, link between operations, monetary condition and leads. There might be no assurance that the business will attain its anticipated outcomes, effectively incorporate some of its acquisitions, or that ongoing and future that is potential or that the many FDIC, Federal, state or international legislative or regulatory tasks impacting the organization or the banking institutions with that the business does company will not adversely influence the business ??™ s operations. An even more complete description of those as well as other dangers, uncertainties and assumptions is roofed within the Company ??™ s filings aided by the Securities and Exchange Commission, including those described under the??? that is heading Factors ??? within the last prospectus through the business ??™ s follow-on public offering filed aided by the SEC on June 16, 2006 and its particular yearly report on Form 10-K. You shouldn’t spot any reliance that is undue any forward-looking statements. We disclaim any responsibility to upgrade any such factors or to publicly announce outcomes of any revisions to your associated with the forward-looking statements included herein to reflect future occasions or developments.

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