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Ace Cash Express Inctx (849116) SEC Filing 10-Q Quarterly report for the period ending Saturday, December 31, 2005

Ace Cash Express Inctx

CIK: 849116
 

Exhibit 99.1
FOR IMMEDIATE RELEASE
     
Contacts:
   
William S. McCalmont 972/753-2314
  Douglas Lindsay 972/753-2342
Executive Vice President & CFO
  Vice President of Finance
wmccalmont@acecashexpress.com
  dlindsay@acecashexpress.com
ACE CASH EXPRESS REPORTS FISCAL 2006 SECOND QUARTER RESULTS
DALLAS (January 26, 2006)— ACE Cash Express, Inc. (NASDAQ:AACE) announced fiscal second quarter 2006 net income of $5.0 million and diluted earnings per share of $0.36, compared to fiscal second quarter 2005 net income of $5.8 million and diluted earnings per share of $0.42. During the fiscal second quarter of 2006, ACE’s total revenue increased 12 percent to $72.3 million from $64.7 million in the prior year period, due primarily to a 13 percent increase in check cashing fees, an 8 percent increase in loan fees and interest, and a 23 percent increase in bill payment and prepaid debit card services.
Comparable store revenues increased 4.2 percent compared to the prior year period. Loan fees and interest increased 2.9 percent, and in states not impacted by the revised FDIC Guidelines for PayDay Lending, increased by 8.0 percent. Check fees increased by 2.4 percent.
“We remain confident in our long-term disciplined growth strategy of de novo store development complemented by opportunistic acquisitions and the introduction of new products and services. We continue to believe that there are increased consumer and financial performance benefits related to offering our customers a full suite of financial products in an expanding network of stores,” said Jay B. Shipowitz, President and Chief Executive Officer.

 


The following information was filed by Ace Cash Express Inctx on Friday, January 27, 2006 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Ace Cash Express Inctx's Definitive Proxy Statement (Form DEF 14A) filed after their 2006 10-K Annual Report includes:

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SEC Filing Tools
CIK: 849116
Form Type: 10-Q Quarterly Report
Accession Number: 0000950134-06-001325
Submitted to the SEC: Fri Jan 27 2006 4:48:19 PM EST
Accepted by the SEC: Fri Jan 27 2006
Period: Saturday, December 31, 2005
Industry: Functions Related To Depository Banking

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