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EZCORP to acquire Value Financial Services

EZCORP, a company engaged in the specialty consumer finance industry, has entered into an agreement to acquire up to 100%, but not less than 70%, of the equity ownership of Value Financial Services.

Stephens, an investment banking firm, is acting as the financial advisor to Value Financial Services in this transaction. The transaction is expected to close in late May 2008.

Joe Rotunda, president and CEO of EZCORP, said: The purchase price will be nearly $100 million, including approximately $73 million in cash to Value Financial Services shareholders, if 100% of the outstanding Value Financial Services shares are sold, and assumption of debt.