The Cash Store Australia Appoints Directors, Issues Options



    EDMONTON, June 25 /CNW/ - The Cash Store Australia Holdings Inc. ("TCS
Australia" or the "Company") (TSXV:AUC) today announced the appointment of
Bruce Hull, Bill Johnson and Alan Grant as Directors of the Corporation. The
Board also announced that a total of 150,000 options (50,000 options each)
have been granted to the newly-appointed directors, in lieu of compensation,
with an exercise price of $1.25 per option held, the closing price of the
common shares of the Company today.
    Effective June 25, 2009, Matthew Callahan has resigned from his position
as a director of the corporation.

    About TCS Australia

    TCS Australia operates 28 pay day advance branches in the States of
Victoria, Queensland, and Tasmania, Australia through its Australian
subsidiary, The Cash Store Australia PTY Limited ("TCS Australia"). TCS
Australia acts as a broker to facilitate pay day advance services to
income-earning consumers.

    
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this press release.
    

    Forward Looking Information

    This News Release contains "forward-looking information" within the
meaning of applicable Canadian securities legislation. Forward-looking
information includes, but is not limited to, information with respect to our
objectives, strategies, operations and financial results. 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 achieve. 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 TCS Australia, to be materially different from those expressed
or implied by such forward-looking information. 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. Although we believe 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 pay day 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: Edward McClelland, President & Chief Executive
Officer, (905) 632-7594, e-mail: ed.mcclelland@cashstore.com.au, Or Nancy
Bland, Chief Financial Officer, (780) 732-5683, e-mail:
nancy.bland@csfinancial.ca

Organization Profile

The Cash Store Australia Holdings Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890