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CHECK EXPRESS ACQUIRES CHECK-X-CHANGE CORPORATION

 TAMPA, Fla., Oct. 5 /PRNewswire/ -- Check Express, Inc. (NASDAQ: CHXS) announced today the acquisition of Check-X-Change Corporation in a stock-for-stock transaction.
 A total of 350,000 shares of Check Express Common Stock are being issued for all of the outstanding stock of Check-X-Change. The closing, effective today, is being completed over the next several days.
 Privately held Check-X-Change, headquartered in Portland, Ore., is the nation's largest franchisor of retail check cashing locations with 92 centers in 17 states. Tampa-based Check Express currently operates 65 company-owned and franchised retail money centers in 14 states. The acquisition expands the company's locations into eight additional states and creates the nation's second-largest check cashing network.
 -0- 10/5/93
 /CONTACT: Larry Lang, CEO of Check Express, 813-289-2888/
 (CHXS)


CO: Check Express, Inc.; Check-X-Change Corporation ST: Florida, Oregon IN: REA SU: TNM

BR-RA -- AT010 -- 8937 10/05/93 14:26 EDT
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Publication:PR Newswire
Date:Oct 5, 1993
Words:146
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