(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 two market leading traditional pawn shops located in Edinburgh and Glasgow, Scotland. The two stores were established in the year 1830 and primarily deal in loans securitized by gold jewelry and fine watches, while offering traditional secured pawn lending for an array of other items. Both stores are located in prominent locations on major thoroughfares and high pedestrian traffic zones.

Commenting on the acquisition, Jeff Weiss, the Company's Chairman and Chief Executive Officer, stated, "The acquisition of these stores expands and extends our pawn lending business and further strengthens our position as the third largest pawn lender in the United Kingdom. Pawn lending in the U.K. is a tradition that goes back hundreds of years and is widely accepted as a mainstream source of credit, while at the same time is a profitable source of securitized consumer lending revenue for our business. For the most recent quarter ended March 31, 2009, total revenue generated by secured pawn lending in the U.K. was £2.2 million, as compared to £1.6 million for the prior year's quarter, which represents a year-over-year increase of 37.5%. We believe there is significant opportunity to further expand our secured pawn lending business in the United Kingdom as well as internationally, and to leverage this expertise in some of our Canadian and U.S. stores."

This acquisition extends Dollar Financial's international platform and is another step in furthering the Company's strategy to be the most diversified international provider of financial services to unbanked and under-banked consumers. The combined EBITDA for the two stores for the twelve months following the acquisition is anticipated to be between £0.7 million and £1.0 million, inclusive of transition costs.

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.