|
News Feed Item
Cash Store Financial Provides Update On Strategic Review Process
|
By PR Newswire |
Article Rating: |
|
February 20, 2014 10:56 PM EST |
Reads: |
270 |
EDMONTON, Feb. 20, 2014 /PRNewswire/ - The Cash Store Financial Services Inc.
("Cash Store Financial" or the "Company") (TSX: CSF; NYSE: CSFS) today
announced that the special committee of its Board of Directors has
selected Rothschild as its independent financial advisor to assist it
in its strategic alternative review process.
As previously disclosed, the Board of Directors constituted a special
committee of independent directors to (i) review and respond to recent
developments in Ontario regarding the Company's inability to sell
payday loan products in Ontario and (ii) to carefully evaluate the
strategic alternatives available to the Company with a view to
maximizing value for all of its stakeholders.
The Board has not established a definitive timeline for the special
committee of independent directors to complete its review and there can
be no assurance that this process will result in any specific strategic
or financial or other value-creating transaction. The Company does not
currently intend to disclose further developments with respect to this
process, unless and until the Board of Directors approves a specific
transaction, concludes its review of the strategic alternatives or
otherwise determines there is material information to communicate.
About Cash Store Financial
Cash Store Financial is the only lender and broker of short-term
advances and provider of other financial services in Canada that is
listed on the Toronto Stock Exchange (TSX: CSF). Cash Store Financial
also trades on the New York Stock Exchange (NYSE: CSFS). Cash Store
Financial operates 510 branches across Canada under the banners "Cash
Store Financial" and "Instaloans". Cash Store Financial also operates
27 branches in the United Kingdom.
Cash Store Financial and Instaloans primarily act as lenders and brokers
to facilitate short-term advances and provide other financial services
to income-earning consumers who may not be able to obtain them from
traditional banks. Cash Store Financial also provides a private-label
debit card (the "Freedom" card) and a prepaid credit card (the "Freedom
MasterCard") as well as other financial services, including bank
accounts.
Cash Store Financial employs approximately 1,900 associates and is
headquartered in Edmonton, Alberta.
Cash Store Financial is a Canadian corporation that is not affiliated
with Cottonwood Financial Ltd. or the outlets Cottonwood Financial
Ltd. operates in the United States under the name "Cash Store". Cash
Store Financial does not do business under the name "Cash Store" in the
United States and does not own or provide any consumer lending services
in the United States.
Forward-Looking Information
This news release contains "forward-looking information" within the
meaning of applicable Canadian securities legislation and
"forward-looking statements" within the meaning of United States
federal securities legislation, which we refer to herein, collectively,
as "forward-looking information". Generally, forward-looking
information can be identified by the use of forward-looking terminology
such as "estimates", "plans", "expects", or "does not expect", "is
expected", "budget", "scheduled", "forecasts", "intends",
"anticipates", or "does not anticipate", or "believes" or variations of
such words and phrases or state that certain actions, events or results
"may", "could", "would", "might", or "will be taken", "occur", or "be
achieved". Forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of Cash Store
Financial, to be materially different from those expressed or implied
by such forward-looking information, including, but not limited to,
changes in economic and political conditions, legislative or regulatory
developments, technological developments, third-party arrangements,
competition, litigation, risks associated with but not limited to,
market conditions, and other factors described under the heading "Risk
Factors" in our Annual MD&A, which is on file with Canadian provincial
securities regulatory authorities, and in our Annual Report on Form
20-F filed with the U.S. Securities and Exchange Commission. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not place
undue reliance on forward-looking information. We do not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
SOURCE The Cash Store Financial Services Inc.
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
Latest Stories By Yeshim Deniz  DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here) Apr. 25, 2018 05:00 AM EDT | By Yeshim Deniz  Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha... Apr. 25, 2018 04:45 AM EDT Reads: 5,049 | By Liz McMillan  Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true.
In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with... Apr. 25, 2018 04:45 AM EDT Reads: 6,212 | By Pat Romanski  Containers are rapidly finding their way into enterprise data centers, but change is difficult. How do enterprises transform their architecture with technologies like containers without losing the reliable components of their current solutions? In his session at @DevOpsSummit at 21st Cloud Expo, Tony Campbell, Director, Educational Services at CoreOS, will explore the challenges organizations are facing today as they move to containers and go over how Kubernetes applications can deploy with lega... Apr. 25, 2018 04:30 AM EDT Reads: 4,122 | By Elizabeth White  In their session at @DevOpsSummit at 21st Cloud Expo, Michael Berman, VP Engineering at TidalScale, and Ivo Jimenez, Engineer at TidalScale, will describe how automating tests in TidalScale is easy thanks to WaveRunner. They will show how they use WaveRunner, Jenkins, and Docker to have agile delivery of TidalScale. Michael Berman is VP Engineering at TidalScale. TidalScale is developing a scale up compute and resource architecture for customers to perform big data exploration and real time anal... Apr. 25, 2018 04:15 AM EDT Reads: 3,429 | By Elizabeth White  I think DevOps is now a rambunctious teenager - it's starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY. Apr. 25, 2018 04:00 AM EDT Reads: 1,961 | By Elizabeth White  "MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Apr. 25, 2018 04:00 AM EDT Reads: 4,945 | By Liz McMillan  "With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY. Apr. 25, 2018 03:45 AM EDT Reads: 5,358 | By Elizabeth White  The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators.
In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ... Apr. 25, 2018 03:15 AM EDT Reads: 4,847 | By Liz McMillan  Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service.
However, the benefit of WebRTC for IoT is not only its convenience and interopera... Apr. 25, 2018 03:00 AM EDT Reads: 3,970 | By Pat Romanski  Learn how to solve the problem of keeping files in sync between multiple Docker containers.
In his session at 16th Cloud Expo, Aaron Brongersma, Senior Infrastructure Engineer at Modulus, discussed using rsync, GlusterFS, EBS and Bit Torrent Sync. He broke down the tools that are needed to help create a seamless user experience.
In the end, can we have an environment where we can easily move Docker containers, servers, and volumes without impacting our applications? He shared his results so yo... Apr. 25, 2018 01:45 AM EDT Reads: 4,428 | By Elizabeth White  Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discussed how a new approach is neces... Apr. 25, 2018 01:30 AM EDT Reads: 7,714 | By Pat Romanski  "This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY. Apr. 25, 2018 01:30 AM EDT Reads: 16,265 | By Liz McMillan  "ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Apr. 25, 2018 01:00 AM EDT Reads: 4,166 | By Liz McMillan  Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive... Apr. 25, 2018 12:45 AM EDT Reads: 2,742 |
|
|
|
|
|
|