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EZCORP Adds Four New Directors

Stocks in this article: EZPW

AUSTIN, Texas, July 28, 2014 (GLOBE NEWSWIRE) -- EZCORP, Inc. (Nasdaq:EZPW), a leading provider of instant cash solutions for consumers, today announced that its Board of Directors has expanded its size to seven and has elected Mark E. Kuchenrither, Joseph L. Rotunda, Thomas C. Roberts, and Peter Cumins to serve as directors.

Mark E. Kuchenrither Mr. Kuchenrither, age 52, is serving as Interim President and Chief Executive Officer, as well as Chief Financial Officer, of EZCORP. Mr. Kuchenrither joined the Company as Senior Vice President, Strategic Development in March 2010. He was promoted to President, Change Capital in October 2011 and to Executive Vice President in May 2012. He was named Chief Financial Officer in October 2012. From 2007 to March 2010, Mr. Kuchenrither served as Vice President of Operations of Sun Capital Partners, a private equity firm, where he was responsible for the oversight of ten portfolio companies with an emphasis on profit improvement. Mr. Kuchenrither began his career in various accounting and controllership functions.

Joseph L. Rotunda Mr. Rotunda, age 67, served as EZCORP's Chief Executive Officer and a member of the EZCORP Board of Directors for 10 years from August 2000 to November 2010. Under his leadership, the Company grew from a few hundred store fronts operating in 11 states to over 1,000 owned and operated locations in the U.S., Mexico and Canada. EZCORP's market capitalization during that time grew from approximately $17 million in 2000 to over $1 billion at the time of his retirement. During Mr. Rotunda's tenure, EZCORP's growth and performance were recognized with the company's inclusion on Forbes list of "200 Best Small Companies" in 2006, Business Weekly's "100 Hot Growth Companies" in 2007, the Association for Corporate Growth's "2010 Outstanding Corporate Growth Award" for Central Texas, and FORTUNE Magazine's 2010 list of "100 Fastest Growing Companies."

Since his retirement from EZCORP, Mr. Rotunda served as a consultant to the Company from November 2010 to November 2013 and has since served as a consultant and adviser to various businesses. He is currently a director of eCommission Financial Services, Inc., a privately held company focusing on commission advance products to real estate sales professionals. Mr. Rotunda served for ten years as a director of Easyhome Ltd. (TSX EH), Canada's largest, and North America's third largest, merchandise leasing company, offering consumer leasing agreements through both corporate and franchise stores, as well as a variety of financial services through its Easyfinancial services business.

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