Cash Store Financial Proceeds with Implementation of Ontario Class Action Settlement



    EDMONTON, April 10 /CNW/ - The Cash Store Financial Services Inc. ("Cash
Store Financial") (TSX:CSF), formerly Rentcash Inc., announced today that it
has publicized the notice of settlement of the Ontario Class Action lawsuit
commenced in 2004 concerning brokerage fees and interest charged to customers
of The Cash Store and Instaloans. The notice details claim and opt-out
procedures for loan and brokerage transactions to which the settlement
applies. The Ontario settlement applies to loans brokered by The Cash Store
and Instaloans locations throughout Canada, with the exception of British
Columbia and Alberta.
    The notice of settlement can be found at the following websites:
www.cashstore.ca and www.instaloans.ca. In addition, the notice of settlement
and associated claim forms are being mailed to the last known addresses of all
eligible class members and the notice of settlement will be posted at all The
Cash Store and Instaloans locations in Canada until June 30, 2009, save and
except locations in British Columbia and Alberta.

    About The Cash Store Financial Services Inc. (Formerly Rentcash Inc.)

    As Canada's leading provider of alternative financial products and
services, The Cash Store Financial Services Inc. (Cash Store Financial) boasts
a growing network of more than 420 branches in over 160 communities
nationwide. The company operates two of the most recognizable brands in
Canada's expanding payday loan services market - The Cash Store and Instaloans
- offering customers an option to traditional lending institutions.
    Cash Store Financial is the only payday advance company trading on the
Toronto Stock Exchange (TSX:CSF). Founded in 2001 in Edmonton, Alberta under
the name of Rentcash Inc., the company is driven by a dynamic workforce, a
performance-based culture, and a commitment to strong business fundamentals.
Cash Store Financial employs 1,600 associates nationwide.

    This News Release contains "forward-looking information" within the
meaning of applicable Canadian and United States securities legislation.
Forward-looking information includes, but is not limited to, information with
respect to our objectives, strategies, operations and financial results,
competition as well initiatives to grow revenue or reduce retention payments.
Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects", or "does not expect",
"is expected", "budget", "scheduled", "estimates", "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". In
particular this News Release contains forward-looking statements in connection
with the Cash Store Financials goals and strategic priorities, introduction of
products, share repurchase initiatives and branch openings. 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 in our Annual Information Form ("AIF")
dated August 28, 2008 under the heading "Risk Factors". All material
assumptions used in making forward-looking statements are based on
management's knowledge of current business conditions and expectations of
future business conditions and trends, including our knowledge of the current
credit, interest rate and liquidity conditions affecting us and the Canadian
economy. Although we believes the assumptions used to make such statements are
reasonable at this time and have attempted to identify in our continuous
disclosure documents important factors that could cause actual results to
differ materially from those contained in forward-looking statements, there
may be other factors that cause results not to be as anticipated, estimated or
intended. Certain material factors or assumptions are applied by us in making
forward-looking statements, include without limitation, factors and
assumptions regarding our continued ability to fund our payday loan business,
rates of customer defaults, relationships with, and payments to, third party
lenders, demand for our products, as well as our operating cost structure and
current consumer protection regulations. 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.





For further information:

For further information: on Cash Store Financial, please contact: Gordon
J. Reykdal, Chairman and Chief Executive Officer, (780) 408-5118; or Michael
J.L. Thompson, Senior Vice President & Corporate Secretary, (780) 408-5595,
Cell: (780) 934-4729

Organization Profile

The Cash Store Financial Services Inc.

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