RIA Financial Services, Cerritos, California, a wholly owned subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT), today announced the signing of a seven-year agreement with Cash Store Financial Services Inc. ("Cash Store Financial") (TSX: CSF) (NYSE: CSFS) to supply money transfer services across Cash Store Financial’s Canadian network of 523 Cash Store and Instaloans branches. The agreement takes effect September 1, 2010. “Cash Store Financial’s partnership with RIA and Euronet will enable us to accelerate expansion of our money transfer customer base and to grow related revenues by providing access to Canadian markets that are restricted under our current money transfer services agreement,” said Mr. Reykdal, Chairman and Chief Executive Officer of Cash Store Financial. “Our agreement with RIA provides access to a further 90 branches with high levels of remittance traffic and ensures that all future branches will be able to offer money transfer services to our customers. The up-side potential for revenue growth above current volumes is significant.” “Canada is already RIA’s fourth largest market. Cash Store Financial’s network of 523 branches offers exceptional reach within the Canadian marketplace, enabling us to further solidify our North American footprint,” said Michael Brown, Chairman and Chief Executive Officer of Euronet Worldwide, Inc. “Cash Store Financial already does a substantial number of transfers a month. By adding 90 previously restricted outlets to their money transfer offering, we believe that the upside potential for customer and revenue growth is high for both parties to this agreement.” About Cash Store Financial Cash Store Financial is the only broker of short-term advances and provider of other financial services in Canada publicly traded on the Toronto Stock Exchange (TSX: CSF). The Company also trades on the New York Stock Exchange (NYSE: CSFS). Cash Store Financial operates more than 525 branches across Canada and the United Kingdom under the banners: The Cash Store and Instaloans. Cash Store Financial employs approximately 2,000 associates and is headquartered in Edmonton, Alberta.
About RIA Financial ServicesRIA Financial Services, a subsidiary of Euronet Worldwide, Inc. is the third-largest global money transfer company. RIA provides global consumer-to-consumer money transfer services through a sending network of agents and Company-owned stores, disbursing money transfers through a worldwide payer network. In addition to money transfers, RIA Financial Services offers consumers bill payment services, prepaid debit cards, check cashing and other financial services. Today our Money Transfer Segment: