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Press release from Business Wire

Dollar Financial Corp Announces Acquisition of Canadian Franchise Stores; Expands Store Footprint in Province of Alberta

Wednesday, November 10, 2010

Dollar Financial Corp Announces Acquisition of Canadian Franchise Stores; Expands Store Footprint in Province of Alberta08:00 EST Wednesday, November 10, 2010 BERWYN, Pa. (Business Wire) -- Dollar Financial Corp (NASDAQ:DLLR), a leading international diversified financial services company serving primarily unbanked and under-banked consumers for over 30 years, today announced that its wholly owned Canadian subsidiary, National Money Mart, acquired nine franchise stores in the province of Alberta. The acquired stores will offer the full array of the Company's products and services, including short-term loans, check cashing, gold purchase, Western Union money transfer, foreign exchange, debit cards, and others. Commenting on the acquisition, Jeff Weiss, the Company's Chairman and Chief Executive Officer, stated, “The new regulatory environment provides us the needed clarity for a more rapid expansion of the Canadian market and the development of a number of under-penetrated markets. Our strategy is to increase our share of the Canadian financial services market through the continuing expansion of our store footprint, mass media advertising campaigns, and by offering products and services at prices below our competitors. The Company is embarking on a program to ensure that all attractive urban and rural markets in Canada will be fully developed through continued de novo store openings and the acquisition of franchised stores and competitor store locations. Including this acquisition, National Money Mart will now operate a network of 412 company-operated stores nation-wide across Canada, with an additional 53 franchised stores remaining in the network as of November 10, 2010.” The purchase price of the acquisition is approximately C$13.0 million, and the expected EBITDA for the nine acquired stores for the twelve months following the acquisition including transition costs is expected to be approximately C$3.0 million. About Dollar Financial Corp Dollar Financial Corp is a leading international diversified financial services company primarily serving unbanked and under-banked consumers for over 30 years. Through its retail storefront locations as well as by other means, such as via the Internet, the Company provides a range of consumer financial products and services in five countries (Canada, the United Kingdom, the United States, the Republic of Ireland and Poland) to consumers who, for reasons of convenience and accessibility, purchase some or all of their financial services from the Company rather than from banks and other financial institutions. The Company's products, principally its short-term consumer loans, check cashing services, secured pawn loans and gold buying services, provide customers with immediate access to cash for living expenses or other episodic needs. The Company also offers high-value ancillary services, including Western Union money order and money transfer products, electronic tax filing, reloadable VISA® and MasterCard® debit cards, foreign currency exchange, and other services. In addition, through its branded Military Installment Loan and Education Services, or MILES® program, the Company provides fee based services to enlisted military personnel applying for loans to purchase new and used vehicles that are funded and serviced under an exclusive agreement with a major third-party national bank. At September 30, 2010, the Company's global retail operations consisted of 1,193 locations, including 1,067 company-operated financial services stores and 126 franchised and agent locations, conducting business primarily under the names Money Mart®, Money Shop®, Loan Mart®, Money Corner®, Insta-Cheques® and The Check Cashing Store® in Canada, the United Kingdom, the United States, the Republic of Ireland, and Poland. For more information, please visit the Company's website at Forward Looking Statement This news release contains forward looking statements, including, among other things, statements regarding the following: recent acquisitions; the Company's future results, growth, guidance and operating strategy; the global economy; the effects of currency exchange rates on reported operating results; the developing regulatory environment in Canada, the U.K., the United States, and other countries; the impact of future development strategy, new stores and acquisitions; litigation matters; and the performance of new products and services. These forward looking statements involve risks and uncertainties, including risks related to: the regulatory environments; current and potential future litigation; the identification of acquisition targets; the integration and performance of acquired stores and businesses; the performance of new stores; the impact of debt financing transactions; the results of certain ongoing income tax appeals; and the effects of new products and services on the Company's business, results of operations, financial condition, prospects and guidance; and uncertainties related to the effects of changes in the value of the U.S. Dollar compared to foreign currencies. There can be no assurance that the Company will attain its expected results, successfully integrate any of its acquisitions, or attain its published guidance metrics, or that ongoing and potential future litigation or the various FDIC, Federal, state, Canadian or foreign legislative or regulatory activities affecting the Company or the banks with which the Company does business will not negatively impact the Company's operations. A more complete description of these and other risks, uncertainties and assumptions is included in the Company's filings with the Securities and Exchange Commission, the Company's annual reports and Forms 10-Q and 10-K. You should not place any undue reliance on any forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments. Dollar Financial CorpFinancial DynamicsJulie Prozeller, 212-850-5600