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Advance America, Cash Advance Centers, Inc. (AEA) SEC Filing 10-Q Quarterly report for the period ending Wednesday, June 30, 2010

Advance America, Cash Advance Centers, I

HISTORY TOOLS
CIK: 1299704 Ticker: AEA

Exhibit 99.1

 

 

FOR IMMEDIATE RELEASE

Jamie Fulmer (864) 342-5633

jfulmer@advanceamerica.net

 

Advance America Announces Results of the 2nd Quarter 2010 and Declares Dividend

 

SPARTANBURG, S.C., July 28, 2010 —

Advance America, Cash Advance Centers, Inc. (NYSE: AEA) today reported the results of its operations for the quarter and six months ended June 30, 2010.

 

Highlights Six Months and Quarter ended June 30, 2010:

 

·                  Diluted earnings per share for the six months and quarter were $0.30 and $0.08, respectively

 

·                  Excluding charges of $2.4 million for legal settlements, diluted earnings per share for the six months and quarter would have been $0.32 and $0.10, respectively

 

·                  Center gross profit for the quarter increased $6.5 million to $31.1 million, which represents a 26.2% increase over the same period for the prior year

 

·                  Income before income taxes for the quarter was $9.6 million, an increase of 10.0% over the same period for the prior year

 

·                  Excluding legal settlements, income before income taxes for the quarter was $11.9 million, an increase of 37.0% over the same period for the prior year

 

Commenting on the results of the second quarter of 2010, Advance America’s President and Chief Executive Officer, Ken Compton, said, “Advance America continues to deliver

 

The following information was filed by Advance America, Cash Advance Centers, Inc. (AEA) on Thursday, July 29, 2010 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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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 2010 10-K Annual Report includes:

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SEC Filing Tools
Ticker: AEA
CIK: 1299704
Form Type: 10-Q Quarterly Report
Accession Number: 0001104659-10-042749
Submitted to the SEC: Fri Aug 06 2010 4:12:15 PM EST
Accepted by the SEC: Fri Aug 06 2010
Period: Wednesday, June 30, 2010
Industry: Personal Credit Institutions

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