Cash America International, Inc. (NYSE: CSH) announced today that it has
appointed Dennis J. Weese as President and Chief Operating Officer of
its Retail Services Division. Mr. Weese joined Cash America in September
of 2007 as the Company’s Executive Vice
President and Chief Operating Officer – Retail
Services Division. His responsibilities in the new role will include the
oversight and management of all of Cash America’s
store-front operations, namely the Company’s
pawn, cash advance and check cashing store locations. Mr. Weese is also
assuming the responsibilities of Jerry Wackerhagen, formerly Cash America’s
President – Retail Services Division, who left
the Company on June 30th.
Commenting on the move, Daniel R. Feehan, President and Chief Executive
Officer of Cash America said, “The opportunity
to consolidate two senior management roles into one will enable us to
manage the day-to-day operations of our store base more efficiently. Mr.
Weese has substantial knowledge and experience in multi-unit storefront
operations and has exhibited outstanding leadership and management
skills during his time with Cash America. We are excited about his
leadership of our store-front activities going forward.”
Prior to joining the Company, Mr. Weese held various leadership
positions with companies such as PepsiCo, The Limited and most recently,
Brinker International, where he oversaw the operations of the “On
the Border Mexican Grill and Cantina”
restaurant chain. Dennis attended the United States Military Academy at
West Point where he received a bachelor’s
degree in economics, and received an MBA from Auburn University in
Auburn, Alabama.
Cash America International, Inc. is a provider of specialty financial
services to individuals in the United States with 939 total locations as
of March 31, 2008. Cash America is the largest provider of secured
non-recourse loans to individuals, commonly referred to as pawn loans,
through 499 locations in 22 states under the brand names Cash America
Pawn and SuperPawn. The Company also offers short-term cash advances in
many of its locations including 304 locations that offer this service
under the brand names Cash America Payday Advance and Cashland.
Short-term cash advances are also offered over the Internet to customers
in 33 states in the United States and in the United Kingdom at http://www.cashnetusa.com
and http://www.quickquid.co.uk,
respectively. In addition, check cashing services are provided through
its 136 franchised and Company-owned “Mr.
Payroll” check cashing centers.
For additional information regarding the Company and the services it
provides, visit the Company’s websites
located at:
http://www.cashamerica.com
http://www.cashnetusa.com
http://www.cashlandloans.com
http://www.quickquid.co.uk
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995
This release contains forward-looking statements about the business,
financial condition and prospects of Cash America International, Inc.
and its subsidiaries (the “Company”).
The actual results of the Company could differ materially from those
indicated by the forward-looking statements because of various risks and
uncertainties including, without limitation, changes in demand for the
Company's services, the continued acceptance of the online distribution
channel by the Company’s cash advance
customers, the actions of third parties who offer products and services
at the Company’s locations, changes in tax
and other laws and governmental rules and regulations applicable to the
Company’s business, fluctuations in the price
of gold, changes in competition, the ability of the Company to open new
operating units in accordance with its plans, economic conditions, real
estate market fluctuations, interest rate fluctuations, changes in
foreign currency exchange rates, changes in the capital markets, the
ability to successfully integrate newly acquired businesses into the
Company’s operations and other risks
indicated in the Company's filings with the Securities and Exchange
Commission. These risks and uncertainties are beyond Company’s
control, and the Company cannot predict all of the risks and
uncertainties that could cause its actual results to differ materially
from those indicated by the forward-looking statements. When used in
this release, terms such as “believes,”
“estimates,” “plans,”
“expects,” “anticipates”
and similar expressions as they relate to the Company or its management
are intended to identify forward-looking statements. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements to reflect events or circumstances occurring
after the date of this release.
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