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The Cash Store Financial Services Inc. Announces Revised Disclosure Dates And Fourth Quarter Guidance

Stocks in this article: CSFS

EDMONTON, Dec. 20, 2012 /PRNewswire/ - The Cash Store Financial Services Inc. ("Cash Store Financial" or the "Company") (TSX: CSF; NYSE: CSFS) today announced that it intends to issue restated unaudited consolidated interim financial statements for the periods ended March 31, 2012 and June 30, 2012 and audited consolidated financial statements for the three and twelve months ended September 30, 2012, by December 28, 2012.

The management conference call and webcast with shareholders, analysts and institutional investors, previously scheduled for December 20 th, 2012, will be rescheduled accordingly.  Call details will be published separately.

Preliminary guidance for the three months ended September 30, 2012

The Cash Store Financial Services Inc. has provided the following preliminary guidance on estimated financial results for the three months ended September 30, 2012.

The company's financial results for the three months ended September 30, 2012 have not yet been finalized and are subject to change. Further, the company's auditors have not reviewed the estimated financial results included in this press release.

  • Revenue is expected to have been in the range of $50.0 million to $50.8 million
  • Loan volumes were $207.0 million
  • Adjusted EBITDA is estimated to be in the range of $10.5 million to $11.2 million

About Cash Store Financial

Cash Store Financial is the only lender and broker of shortā€term advances and provider of other financial services in Canada that is listed on the Toronto Stock Exchange (TSX: CSF). Cash Store Financial also trades on the New York Stock Exchange (NYSE: CSFS). Cash Store Financial operates 512 branches across Canada under the banners "Cash Store Financial", "Instaloans" and "The Title Store". Cash Store Financial also operates 25 branches in the United Kingdom.

Cash Store Financial and Instaloans primarily act as lenders and brokers to facilitate short-term advances and provide other financial services to income-earning consumers who may not be able to obtain them from traditional banks. Cash Store Financial also provides a private-label debit card (the "Freedom" card) and a prepaid credit card (the "Freedom MasterCard") as well as other financial services, including bank accounts.

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