The acquisition will catapult money America in to the distribution that is internet for temporary payday loans

The acquisition will catapult money America in to the distribution that is internet for temporary payday loans

FORT WORTH, Texas ( BUSINESS CABLE ) July 10, 2006 money America Overseas, Inc. (NYSE: CSH) announced today it has signed a definitive agreement for the purchase associated with assets of CashNetUSA. The acquisition will catapult money America to the distribution that is internet for short-term payday loans, complementing its community of 717 financing areas that provide payday loans in 20 states.

“By expanding our item distribution platform to add internet access, we believe our company is placed to provide a new consumer section beyond the reach of our present bricks and mortar lending places.