VICTORIA, BC, April 30 /PRNewswire-FirstCall/ - National Money Mart
Company, a subordinate of Dollar Financial Corporation (NYSE:) and Canada's
leading convenience fiscal service supplier today welcomed the New
Brunswick authorities passing play new payday loan statute law that volition balance
strong consumer protection with a feasible payday loan industry. Money Marketplace is a initiation member of the Canadian Payday Loan Association
(CPLA) that have been working for four old age towards provincial regulation
of the industry. Many elements of the statute law passed today mirror the
CPLA's Code of Best Business Practices set in topographic point more than four years
ago. New Brunswick's new law is consistent with other recent statute law in
British Columbia, Saskatchewan, Manitoba, Lake Ontario and Nova Scotia. "Money Marketplace goes on to be the industry leader in consumer protection
and providing the lowest-cost payday loans in Canada," said Syd Franchuk -
Chairman of National Money Mart. "We welcome this of import new law and
look forward to a competitory marketplace that balances strong consumer
protection with a feasible industry." About Dollar Financial Corp Dollar Financial Corporation is a prima international fiscal services
company serving under-banked consumers. Its clients are typically service
sector people who necessitate basic fiscal services but, for grounds of
convenience and accessibility, purchase some or all of their financial
services from the Company rather than from Banks and other financial
institutions. To ran into the demands of these customers, the Company supplies a
range of consumer fiscal merchandises and services primarily consisting of
check cashing, short-term consumer loans, Horse Opera Union money order and
money transportation products, reloadable VISA(R) and MasterCard(R) branded debit
cards, electronic taxation filing, measure payment services, and legal document
processing services. At December 31, 2007, the Company's planetary shop web consisted of
1,442 stores, including 1,088 company-operated fiscal services stores
and 354 franchised and agent locations in 32 states, the District of
Columbia, throughout Canada and in the United Kingdom. The financial
services shop web is the biggest web of its sort in each of Canada
and the United Kingdom and the second-largest network of its sort in the
United States. The Company's customers, many of whom have income on an
irregular footing or from multiple employers, are drawn to the convenient
neighborhood locations, extended operating hours and high-quality customer
service. The Company's fiscal merchandises and services, principally check
cashing and short-term consumer loan programs, supply contiguous entree to
cash for life disbursals or other needs. For more than information, delight visit
the Company's website at . Forward Looking Statement This news release incorporates forward looking statements, including
statements regarding the following: the Company's hereafter results, growth,
guidance and operating strategy; the development regulating environment in
Canada; the impact of future development strategy, new supplies and
acquisitions; and of the public presentation of new merchandises and services. These
forward looking statements affect hazards and uncertainties, including
uncertainties related to the personal personal effects of alterations in the value of the U.S.
dollar compared to foreign currencies, hazards related to the regulatory
environment, current and possible hereafter litigation, the integrating and
performance of acquired stores, the public presentation of new stores, the
implementation and consequences of restructuring initiatives, the impact of debt
financing transactions, the consequences of certain in progress income taxation appeals,
and the effects of new merchandises and services on the Company's business,
results of operations, fiscal condition, prospects and guidance. There
can be no self-assurance that the Company will achieve its expected results,
successfully incorporate any of its acquisitions, achieve its published
guidance metrics, or that in progress and possible hereafter judicial proceeding or that
the assorted FDIC, Federal, state, Canadian or foreign legislative or
regulatory activities affecting the Company or the Banks with which the
Company makes concern will not negatively impact the Company's operations. A more than complete verbal description of these and other risks, uncertainnesses and
assumptions is included in the Company's filings with the Securities and
Exchange Commission, including those described under the heading "Risk
Factors" in Form S-3 for the Company's Senior Convertible Note offering
filed with the second on September 20, 2007 and its financial 2007 yearly report
on Form-10K. You should not put any not due trust on any forward-looking
statements. We disclaim any duty to update any such as factors or to
publicly denote consequences of any alterations to any of the forward-looking
statements contained herein to reflect future events or developments.
Saturday, May 3, 2008
Money Mart welcomes New Brunswick payday loan law
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