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Advance America, Cash Advance Centers, Inc. (AEA) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2008

Advance America, Cash Advance Centers, I

CIK: 1299704 Ticker: AEA

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

 

Contacts:

 

Jamie Fulmer- (864) 342-5633

 

 

jfulmer@advanceamerica.net

 

Advance America Announces Results for 2008

 

SPARTANBURG, S.C., February 19, 2009 –

Advance America, Cash Advance Centers, Inc. (NYSE: AEA) today reported the results of its operations for the quarter and year ended December 31, 2008.

 

For the year ended December 31, 2008, total revenues decreased 4.7% to $676.4 million, compared to $709.6 million for same period in 2007. These comparisons include the results of operations in Pennsylvania and Oregon, states which the Company exited in 2007, as well as operations in Arkansas and New Mexico, states which the Company exited during 2008. Excluding the revenues in these closed states from both years, revenues increased by 0.2% for the year ended December 31, 2008.  Total revenues for the quarter ended December 31, 2008 also decreased 4.7% to $175.0 million compared to $183.6 million for the same period in 2007.  Excluding the revenues in the closed states from both quarters, revenues decreased by 3.6% for the quarter ended December 31, 2008. For the quarter ended December 31, 2008, total revenues for the centers opened prior to October 1, 2007 and still open as of December 31, 2008 decreased 4.1% compared to the same period in 2007.

 


The following information was filed by Advance America, Cash Advance Centers, Inc. (AEA) on Friday, February 20, 2009 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Advance America, Cash Advance Centers, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2009 10-K Annual Report includes:

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SEC Filing Tools
Ticker: AEA
CIK: 1299704
Form Type: 10-K Annual Report
Accession Number: 0001047469-09-002196
Submitted to the SEC: Tue Mar 03 2009 6:27:04 PM EST
Accepted by the SEC: Wed Mar 04 2009
Period: Wednesday, December 31, 2008
Industry: Personal Credit Institutions

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