Cash America Chief Executive Officer Adopts 10b5-1 Plan.FORT WORTH, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. -- Cash America International, Inc. (NYSE NYSE See: New York Stock Exchange : CSH csh - C shell ) announced today that Daniel R. Feehan, the Company's Chief Executive Officer and President, has adopted a pre-arranged, systematic trading plan to sell company shares in accordance with guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. specified by Rule 10b5-1 under the Securities and Exchange Act of 1934 and with Cash America's policies with respect to insider sales. Rule 10b5-1 permits officers and directors of public companies to adopt pre-determined plans for selling specified amounts of stock. The plans may be entered into only when an officer or director is not in possession of material, nonpublic information Nonpublic information Information about a company that is not known by the general public, which will have a definite impact on the stock price when released. See: Insider trading. and may be used to gradually diversify investment portfolios over a period of time. The 10b5-1 plan provides for Mr. Feehan's sale of up to 150,000 currently held shares over a period of six months beginning December 12, 2007. Mr. Feehan anticipates the number of shares to be sold will be approximately 24% of the aggregate number of shares he currently owns or has a right to acquire under option and restricted stock unit agreements. The proceeds from the plan will enable Mr. Feehan to diversify his personal assets. Mr. Feehan said, "I remain confident of the financial condition of Cash America and bullish Bullish Word used to describe an investor's attitude. Bullish refers to an optimistic outlook, while bearish means a pessimistic outlook. bullish about our long-term growth prospects. The 10b5-1 plan allows me to diversify my equity holdings in accordance with a personal financial plan I have adopted for the benefit of my family. I am retaining a significant equity interest in Cash America and hope to add to that position in future years." Cash America International, Inc. is a provider of specialty 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. to individuals 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. with 936 total locations. Cash America is the largest provider of secured non-recourse loans to individuals, commonly referred to as pawn loans, through 495 locations in 22 states under the brand names Cash America Pawn and SuperPawn. The Company also offers short-term cash advances in many of its locations including 301 locations that offer this service under the brand names Cash America Payday Advance and Cashland. Short-term cash advances are also offered over the Internet to customers in 31 states in the United States and the United Kingdom at http://www.cashnetusa.com and http://www.quickquid.co.uk, respectively. In addition, check cashing services are provided through its 140 franchised and Company-owned "Mr. Payroll" check cashing centers. For additional information regarding the Company and the services it provides, visit the Company's websites located at: http://www.cashamerica.com http://www.cashlandloans.com http://www.cashnetusa.com http://www.quickquid.co.uk 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. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. about the business, financial condition and prospects of Cash America International, Inc. and its subsidiaries (the "Company"). The actual results of the Company could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties including, without limitation, governmental rules and regulations applicable to the Company's businesses, and the risks indicated in the Company's filings with the Securities and Exchange Commission. These risks and uncertainties are beyond the ability of the Company to control, nor can the Company predict, in many cases, all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in this release, terms such as "believes," "estimates," "plans," "expects," "anticipates" and similar expressions as they relate to the Company or its management are intended to identify forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements to reflect events or circumstances occurring after the date of this release. |
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