ACE Cash Express Expands Operations Within Wal-Mart; ACE to Open 32 Stores in Wal-Mart Supercenters.DALLAS--(BUSINESS WIRE)--May 18, 1998--ACE Cash Express, Inc. (Nasdaq:AACE AACE Association for the Advancement of Computing in Education AACE American Association of Clinical Endocrinologists AACE American Association of Cost Engineers AACE Association for the Advancement of Cost Engineering ), the nation's largest check-cashing chain and a significant provider of related retail financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , has committed to open 32 company-owned or franchised stores within Wal-Mart Supercenters. On April 29, the first of the 32 ACE supercenter stores opened in conjunction with the Wal-Mart Supercenter grand opening in Homewood, Ala. ACE will open two additional supercenter stores in El Paso El Paso (ĕl pă`sō), city (1990 pop. 515,342), seat of El Paso co., extreme W Tex., on the Rio Grande opposite Juárez, Mex.; inc. 1873. , Texas later this month. The new ACE stores will offer the same range of retail financial services, including check cashing, money orders and bill payments. The arrangement provides customers convenient access to financial services while enjoying one-stop shopping at Wal-Mart Supercenters. "The placement of ACE stores within Wal-Mart Supercenters represents fantastic growth opportunity that compliments our existing expansion plans," said Donald H. Neustadt, president and chief executive officer of ACE. "We are committed to providing convenient locations and services for our customers. For that reason, this strategic alliance with Wal-Mart is a significant business advancement." ACE currently operates locations in three Wal-Mart Supercenters: Arlington and Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. and in Glen Burnie, Md. "Our present stores within Wal-Mart Stores are successful and indicate that this operating model Operating Model is a term that is used in many contexts. In essence an operating model describes how an organization operates across both business and technology domains. The Operating Model describes what is important for the organization. is good for both organizations," said Neustadt. ACE Cash Express, Inc. is headquartered in Irving, Texas Irving (pronounced 'er-ving') is a city located in the U.S. state of Texas within Dallas County. According to the 2000 U.S. Census, the city population was 191,615; the 2006 estimate was 201,927 according to the North Central Texas Council of Governments, and 196,084 according to , and is the largest owner, operator and franchiser of check-cashing stores in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Founded in 1968, the company has a total network of 746 stores comprising 658 company-owned stores and 88 franchised stores in 29 states. ACE offers a broad range of financial services, which include check cashing; MoneyGram wire transfers; money orders; small consumer loans and bill payment services. For additional information, visit the ACE web site at www.acecashexpress.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Disclaimer: This release may contain certain forward-looking statements regarding the Company's expected performance for future periods. Actual results for such periods may materially differ. Such forward-looking statements involve risks and uncertainties, including risks of changing market conditions in the overall economy and the industry, consumer demand, the opening of new stores, the success of the Company's acquisition strategy and other factors detailed from time to time in the Company's annual and other reports filed with the Securities and Exchange Commission. CONTACT: ACE Cash Express, Inc., Irving Jay B. Shipowitz, 972/550-5030 or Stacy R. Wells, 972/550-5037 |
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