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CASH AMERICA ANNOUNCES RECORD FIRST QUARTER EARNINGS AND RESULTS OF UNITED KINGDOM PAWNSHOP OPERATIONS

 CASH AMERICA ANNOUNCES RECORD FIRST QUARTER EARNINGS
 AND RESULTS OF UNITED KINGDOM PAWNSHOP OPERATIONS
 FORT WORTH, Texas, April 20 /PRNewswire/ -- Cash America Investments, Inc. (NYSE: PWN) reports operating results for the first quarter of 1992, which includes the operations of Harvey & Thompson, a United Kingdom pawnbroking chain which was acquired during the quarter.
 President Daniel R. Feehan reported today first quarter net income of $2,778,000 in 1991 on revenues of $41 million, representing increases of 37 percent and 31 percent respectively over the $2,026,000 and $31.4 million for the first quarter of 1991. Earnings per share of $.21 for the quarter is a 24 percent increase over the $.17 reported for the same period in 1991.
 The company's domestic operations contributed a 20 percent increase in net income to $2,424,000 from $2,026,000 in 1991 on revenues of $39.8 million. Loans outstanding in the United States increased 26 percent to $27.8 million at March 31, 1992 compared to $22.1 million in 1991, while inventory of $37.7 million was 22 percent over the $31 million at the end of the prior year's first quarter. Cash America added nine new locations domestically in the first quarter (two acquisitions and seven start-ups), and was operating 187 units at March 31, 1992.
 Harvey & Thompson, a London-based operator of 26 pawnshops in England and Scotland, earned $354,000 on revenues of $1,184,000 during the period after its acquisition by Cash America on Feb. 11, 1992. Earning assets of $10.9 million are comprised of $10.4 million in loans outstanding and $.5 million inventory.
 According to Feehan, "While the additions of new stores both in the United States and the United Kingdom contributed significantly, the continued growth of the company's core business was also a major factor in our first quarter success. Same store loans outstanding averaged 11 percent higher in the period, which in conjunction with an increase in sales for the quarter produced an 8 percent increase in net revenues from the same stores. This continued growth of stores open for over one year, combined with new store additions made in the first quarter, should produce exciting opportunities for the remainder of 1992."
 Chairman and CEO Jach Daugherty also commented, "These results, both domestically and in the United Kingdom, are the highlights of a very successful quarter for the company, one in which we were able to acquire Harvey & Thompson and also complete a 2.3 million share stock offering which raised Cash America's equity to over $150 million. I believe this builds a strong foundation for future growth."
 CASH AMERICA INVESTMENTS, INC.
 Summary of Operating Results
 First quarter ended March 31 1992 1991
 Total revenues $41,006,000 $31,392,000
 Net income 2,778,000 2,026,000
 Net income per share $.21 $.17
 Weighted average shares 13,517,818 12,069,318
 CASH AMERICA INVESTMENTS, INC.
 Summary of Balance Sheet Data
 First Quarter-March 31 1992 1991
 Loans $38,188,000 $22,069,000
 Inventory 38,211,000 31,030,000
 Total assets 172,988,000 120,626,000
 Stockholders' equity 150,282,000 91,726,000
 Long-term debt 14,022,000 22,045,000
 Common shares outstanding 14,197,470 11,854,817
 Locations 213 157
 CASH AMERICA INVESTMENTS, INC.
 Selected Data -- Foreign Operations
 Loans $10,427,000
 Inventory 494,000
 Total revenues 1,184,000
 Cost of sales 153,000
 Expenses 484,000
 Net income 354,000
 -0- 4/20/92
 /CONTACT: Eugene M. Estep or Michele L. Rosenblum of Cash America Investments, 817-335-1100/
 (PWN) CO: Cash America Investments, Inc. ST: Texas IN: SU: ERN


SM -- NY060 -- 0106 04/20/92 13:15 EDT
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Date:Apr 20, 1992
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