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Advance America, Cash Advance Centers, Inc. (AEA) SEC Filing 10-Q Quarterly report for the period ending Thursday, June 30, 2011

Advance America, Cash Advance Centers, I

CIK: 1299704 Ticker: AEA

Exhibit 99.1

 

GRAPHIC

 

FOR IMMEDIATE RELEASE

Jamie Fulmer (864) 342-5633

jfulmer@advanceamerica.net

 

Advance America Second Quarter 2011 Earnings per Share Increase 75% to $0.14

 

SPARTANBURG, S.C., July 27, 2011 —

Advance America, Cash Advance Centers, Inc. (NYSE: AEA) today reported the results of its operations for the six months and quarter ended June 30, 2011.

 

Highlights:

 

·                  Diluted earnings per share for the six months and quarter were $0.43 and $0.14, respectively.

 

·                  Net Income for the six months and quarter increased 42.7% and 67.9% over the same periods in the prior year to $26.6 million and $8.6 million.

 

·                  Center gross profit for the six months and quarter of $80.4 million and $32.1 million, respectively, increased 8.8% and 3.0% over the same periods in prior year.

 

·                  Cash flow from operations for the six months ended June 30, 2011, increased 56.8% over the same period in the prior year to $64.9 million.

 

Operating Results of Six Months and Quarter ended June 30, 2011:

 

Commenting on the results for the second quarter of 2011, Advance America’s President and Chief Executive Officer, Patrick O’Shaughnessy said, “We continue to provide reliable and affordable financial services to our customers, who are reporting exceptionally high satisfaction ratings with our Company. While revenues have remained

 


The following information was filed by Advance America, Cash Advance Centers, Inc. (AEA) on Wednesday, July 27, 2011 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 2011 10-K Annual Report includes:

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SEC Filing Tools
Ticker: AEA
CIK: 1299704
Form Type: 10-Q Quarterly Report
Accession Number: 0001104659-11-045165
Submitted to the SEC: Tue Aug 09 2011 9:18:01 AM EST
Accepted by the SEC: Tue Aug 09 2011
Period: Thursday, June 30, 2011
Industry: Personal Credit Institutions

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