ACE Cash Express Appoints Former Blockbuster Executive as Chief Marketing Officer
February 08 2005 - 12:03PM
PR Newswire (US)
ACE Cash Express Appoints Former Blockbuster Executive as Chief
Marketing Officer DALLAS, Feb. 8 /PRNewswire-FirstCall/ -- ACE Cash
Express, Inc. (NASDAQ:AACE), has named Allen J. Klose as chief
marketing officer. Klose was previously a Senior Vice President and
General Marketing Manager at Blockbuster Entertainment in Dallas,
Texas. With over 10 years of experience at Blockbuster, Klose has
directed all aspects of multi-unit retail marketing, including
advertising, store design, consumer research, field marketing,
franchise development, promotions, and new concept development.
"Allen brings extraordinary depth and experience to marketing the
ACE brand," said Jay B. Shipowitz, President and Chief Executive
Officer of ACE. "His leadership will provide a new focus and a
fresh perspective to marketing our existing products and services
and in developing outstanding new products to better serve our
customers." "ACE is a successful and innovative company with a
strong management team," said Allen Klose. "I am looking forward to
working with them to drive the business to even greater heights."
About ACE ACE Cash Express, Inc. is a leading retailer of financial
services, including check cashing, short-term consumer loans and
bill payment services, and the largest owner, operator and
franchisor of check cashing stores in the United States. As of
January 4, 2005, ACE had a network of 1,327 stores in 37 states and
the District of Columbia, consisting of 1,111 company-owned stores
and 216 franchised stores. ACE focuses on serving unbanked and
underbanked consumers, many of whom seek alternatives to
traditional banking relationships in order to gain convenient and
immediate access to check cashing services and short-term consumer
loans. ACE's website is found at http://www.acecashexpress.com/ .
Forward-Looking Statements This release contains certain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements are
generally identified by the use of words such as "expect,"
"anticipate," "estimate," "believe," "intend," "plan," "target,"
"goal," "should," "would," and terms with similar meanings.
Although ACE believes that the current views and expectations
reflected in these forward-looking statements are reasonable, these
views and expectations, and the related statements, are inherently
subject to risks, uncertainties, and other factors, many of which
are not under ACE's control and may not even be predictable. Any
inaccuracy in the assumptions, as well as those risks,
uncertainties and other factors could cause the actual results to
differ materially from these in the forward-looking statements.
These risks, uncertainties, and factors include, but are not
limited to, matters described in ACE's reports filed with the
Securities and Exchange Commission, such as: * ACE's relationships
with Republic Bank & Trust Company, with Travelers Express and
its affiliates and with its bank lenders; * ACE's relationships
with providers of services or products offered by ACE or property
used in its operations; * federal and state governmental regulation
of check cashing, short-term consumer lending and related financial
services businesses; * any litigation regarding ACE's short-term
consumer lending activities; * theft and employee errors; * the
availability of adequate financing, suitable locations, acquisition
opportunities and experienced management employees to implement
ACE's growth strategy; * increases in interest rates, which would
increase ACE's borrowing costs; * the fragmentation of the check
cashing industry and competition from various other sources, such
as banks, savings and loans, short-term consumer lenders, and other
similar financial services entities, as well as retail businesses
that offer services offered by ACE; * the terms and performance of
third-party services offered at ACE's stores; and * customer demand
and response to services offered at ACE's stores. ACE expressly
disclaims any obligation to update or revise any of these
forward-looking statements, whether because of future events, new
information, a change in ACE's views or expectations, or otherwise.
ACE makes no prediction or statement about the performance of its
common stock. DATASOURCE: ACE Cash Express, Inc. CONTACT: Eric
Norrington, VP of Communications & Government Relations of ACE
Cash Express, Inc., +1-972-550-5032, or Web site:
http://www.acecashexpress.com/
Copyright
Ace Cash Express (NASDAQ:AACE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ace Cash Express (NASDAQ:AACE)
Historical Stock Chart
From Jul 2023 to Jul 2024