Dollar Financial Corp Acquires Canadian Franchise Stores for C$13M

Dollar Financial Corp DLLR 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. 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.