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

Exhibit 99.1

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 —

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