EDMONTON, Jan. 7, 2013 /CNW/ - Gordon J. Reykdal, Chairman of the Board of The Cash Store Australia Holdings Inc. ("Cash Store Australia") (TSXV:AUC) today announced the appointment of Mr. Alan Grant to the position of interim Chief Executive Officer. Mr. Grant has been a member of the Board of Directors since June 25, 2009. He will retain his seat on the Board.
Mr. Grant has been Chairman, since 2005, of Premier Minerals Ltd., a mining and investment group with extensive mineral resources in Australia and Asia. He is the founding director of Trans State Finance Pty Ltd., specializing in corporate finance. Mr. Grant has 35 years experience in banking and finance in Australia, Canada and the United Kingdom and has held various board positions with public companies in Australia and New Zealand.
"Alan is a competent and motivated chief executive who I am confident will lead Cash Store Australia through its next phase of operational and business transformations," said Mr. Reykdal. "I am delighted that he has agreed to take on this important role and the challenges that come with it."
About Cash Store Australia
Cash Store Australia is the only small-sum short term advance broker in Australia publicly traded on the TSX Venture Exchange (TSXV:AUC). Cash Store Australia operates 67 branches in the Australian States and Territories of Victoria, Queensland, Tasmania, Northern Territory, New South Wales and South Australia under the banner "The Cash Store".
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 forward looking statements indicate 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 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: The Cash Store Australia Holdings Inc.
For further information:
For further information on Cash Store Australia, please contact:
Bill Johnson, Chief Financial Officer
(780) 732-5695; e-mail: [email protected]