Press Release Source: The Cash Store Financial Services Inc. On Thursday July 29, 2010, 9:21 am EDT
EDMONTON, July 29 /CNW/ – The Cash Store Financial Services Inc. (“CashStore Financial”) (TSX: CSF – News; NYSE: CSFS – News) has been informed by the New YorkStock Exchange (“NYSE”) that, effective July 29, 2010, the NYSE has haltedtrading in the Company’s common shares (NYSE ticker symbol “CSFS”) due solelyto technical issues involving the Direct Registration System eligibility ofthe Company’s common shares on the NYSE. This issue does not affect thetrading of the Company’s common shares on the Toronto Stock Exchange (“TSX”)(TSX ticker symbol “CSF”). The Company is working with the NYSE and DepositoryTrust and Clearing Corporation to resolve this technical issue and looksforward to resuming trading on the NYSE as soon as possible.
About Cash Store Financial
Cash Store Financial is the only broker of short-term advances andprovider of other financial services in Canada publicly traded on the TorontoStock Exchange (TSX: CSF – News). The Company also trades on the New York StockExchange (NYSE: CSFS – News). Cash Store Financial operates more than 523 branchesacross Canada under the banners: The Cash Store and Instaloans. Cash StoreFinancial also operates two branches in the United Kingdom under the banner,The Cash Store.
The Cash Store and Instaloans act as brokers to facilitate short-termadvances and provide other financial services to income-earning consumers whomay not be able to obtain them from traditional banks. Cash Store Financialalso provides a private-label debit card – the Freedom card and a prepaidcredit card – the Freedom MasterCard, and other financial services.
Cash Store Financial employs approximately 2,000 associates and isheadquartered in Edmonton, Alberta.
This News Release contains “forward-looking information” within themeaning of applicable Canadian and United States securities legislation.Forward-looking information includes, but is not limited to, information withrespect to our objectives, strategies, operations and financial results,competition as well initiatives to grow revenue or reduce retention payments.Generally, forward-looking information can be identified by the use offorward-looking terminology such as “plans”, “expects”, or “does not expect”,”is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”,”anticipates”, or “does not anticipate”, or “believes” or variations of suchwords and phrases or state that certain actions, events or results “may”,”could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”. Inparticular this News Release contains forward-looking statements in connectionwith the Cash Store Financials goals and strategic priorities, introduction ofproducts, share repurchase initiatives and branch openings. Forward-lookinginformation is subject to known and unknown risks, uncertainties and otherfactors that may cause the actual results, level of activity, performance orachievements of Cash Store Financial, to be materially different from thoseexpressed or implied by such forward-looking information, including, but notlimited to, changes in economic and political conditions, legislative orregulatory developments, technological developments, third-party arrangements,competition, litigation, risks associated with but not limited to, marketconditions, and other factors described in our Annual Information Form (“AIF”)dated August 26, 2009 under the heading “Risk Factors”. All materialassumptions used in making forward-looking statements are based onmanagement’s knowledge of current business conditions and expectations offuture business conditions and trends, including our knowledge of the currentcredit, interest rate and liquidity conditions affecting us and the Canadianeconomy. Although we believe the assumptions used to make such statements arereasonable at this time and have attempted to identify in our continuousdisclosure documents important factors that could cause actual results todiffer materially from those contained in forward-looking statements, theremay be other factors that cause results not to be as anticipated, estimated orintended. Certain material factors or assumptions are applied by us in makingforward-looking statements, include without limitation, factors andassumptions regarding our continued ability to fund our payday loan business,rates of customer defaults, relationships with, and payments to, third partylenders, demand for our products, as well as our operating cost structure andcurrent consumer protection regulations. There can be no assurance that suchinformation will prove to be accurate, as actual results and future eventscould differ materially from those anticipated in such information.Accordingly, readers should not place undue reliance on forward-lookinginformation. We do not undertake to update any forward-looking information,except in accordance with applicable securities laws.
For further informationon Cash Store Financial, please contact GordonJ. Reykdal, Chairman and Chief Executive Officer, (780) 408-5118 or Nancy L.Bland, Chief Financial Officer, (780) 732-5683
Cash Store Financial Trading Temporarily Halted Due to NYSE/DTCC Technical Share Clearing Issue