(Source: Business Wire)

Dollar Financial Corp (NASDAQ:DLLR), a leading international financial services company serving unbanked and under-banked consumers, today announced the acquisition of four stores in Northern Ireland. Three of the stores reside in central Belfast with the fourth store situated in the town of Lisburn, the third largest city in Northern Ireland. The acquired stores are multi-product locations offering check cashing, payday lending, and pawn broking services.
Commenting on the acquisition, Jeff Weiss, the Company's Chairman and Chief Executive Officer, stated, "The acquisition of these stores provides an opportunity to further expand and strengthen our store footprint in Belfast, which is the largest and most densely populated market in Northern Ireland. All four stores occupy prime locations with strong local customer demographics for our products and services, which should serve to further strengthen our strong brand awareness in that market. We intend to incorporate our entire product suite in these stores, including Western Union money transfer, foreign exchange, debit cards, and other products and services, as well as extend our internet lending and secured pawn lending options to these customers."
The total combined purchase price for the four stores was approximately £550,000 including £160,000 for the loan book. The EBITDA contribution for the acquired stores for the twelve months following the acquisition is anticipated to be between £0.3 million and £0.4 million.
About Dollar Financial Corp
Dollar Financial Corp is a leading diversified international financial services company serving unbanked and under-banked consumers. Its customers are typically service sector individuals who require basic financial services but, 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. To meet the needs of these customers, the Company provides a range of consumer financial products and services primarily consisting of check cashing, short-term consumer loans, secured pawn lending, Western Union money order and money transfer products, gold buying, currency exchange, reloadable VISA® and MasterCard® branded debit cards, electronic tax filing, and bill payment services.
At March 31, 2009, the Company's global store network consisted of 1,264 stores, including 1,078 company-operated financial services stores and 186 franchised and agent locations in the United States, Canada, Republic of Ireland and the United Kingdom.