ACE Cash Express Elects Rob Allyn to Board of Directors
August 23 2004 - 5:07PM
PR Newswire (US)
ACE Cash Express Elects Rob Allyn to Board of Directors DALLAS,
Aug. 23 /PRNewswire-FirstCall/ -- ACE Cash Express, Inc.
(NASDAQ:AACE) today announced that Rob Allyn has been elected as a
new member of its Board of Directors. Mr. Allyn is President and
Chief Executive Officer of Allyn & Company, Inc., a
high-profile public relations, advertising, public affairs and
political media firm he founded 22 years ago. The agency serves
Fortune 500 corporations, industry groups, governmental agencies
and leading political figures in the U. S., Mexico, the Caribbean
and Asia. Allyn & Company clients have ranged from President
Vicente Fox of Mexico to corporations such as American Airlines,
SBC, Mary-Kay, and the Dallas Cowboys. "We are very pleased to add
a highly qualified independent director like Rob to ACE's Board of
Directors," stated Raymond C. Hemmig, Chairman of the Board. "He is
an expert in his field and will be instrumental in assisting our
team at ACE as we progress to the next level in public relations.
We look forward to his contribution to our board." About the
Company 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 June
30, 2004, the Company had a network of 1,230 stores in 37 states
and the District of Columbia, consisting of 1,026 company-owned
stores and 204 franchised stores. The Company 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. The Company'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 the Company 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 the Company'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 the Company's
reports filed with the Securities and Exchange Commission, such as:
* the Company's relationships with Republic Bank & Trust
Company, with Travelers Express and its affiliates and with its
bank lenders; * the Company's relationships with providers of
services or products offered by the Company 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 the Company'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 the
Company's growth strategy; * increases in interest rates, which
would increase the Company'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 the Company; * the
terms and performance of third-party services offered at the
Company's stores; and * customer demand and response to services
offered at the Company's stores. The Company expressly disclaims
any obligation to update or revise any of these forward-looking
statements, whether because of future events, new information, a
change in the Company's views or expectations, or otherwise. The
Company makes no prediction or statement about the performance of
its Common Stock. DATASOURCE: ACE Cash Express, Inc. CONTACT: Jay
B. Shipowitz, President & CEO, +1-972-550-5030, or , or William
S. McCalmont, Executive Vice President & CFO, +1-972-753-2314,
or , both of ACE Cash Express, Inc. Web site:
http://www.acecashexpress.com/
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