Ace Cash Express Introduces New Loan Product To Texas Consumers

(Wednesday, July 06, 2005) - ACE Cash Express, Inc. announced that effective July 1, 2005, it will begin offering a new loan product to Texas consumers. This new product will be in addition to the current loan product offered by Republic Bank and Trust Company.

This new loan product will allow consumers who exceed the maximum allowable loans under the FDIC Guidance to still have access to short-term credit. The new loan is regulated under Subchapter F of Chapter 342 of the Texas Finance Code.

Allen Klose, Chief Marketing Officer, commented, "We believe our customers will benefit from having both of these loan products. Consumers often need help with unexpected expenses and we want to ensure that their needs can be met through quick and convenient access to short-term credit."

In addition to this new product in Texas, ACE continues to evaluate and consider other alternative products for Pennsylvania, Arkansas, and Texas. Among other products under evaluation are installment loans from FDIC insured banks. ACE is also considering possibly registering as a Credit Services Organization in Texas.

About ACE Cash Express

ACE Cash Express, Inc. is a leading retailer of financial services, including check cashing, short-term consumer loans and bill payment services, and the largest owner, operator and franchisor of check cashing stores in the United States. As of March 31, 2005, ACE had a network of 1,331 stores in 37 states and the District of Columbia, consisting of 1,118 company-owned stores and 213 franchised stores. ACE focuses on serving consumers, many of whom seek alternatives to traditional banking relationships in order to gain convenient and immediate access to check cashing services and short-term consumer loans. ACE's website is found at http://www.acecashexpress.com/ .

View all ACE America's Cash Express Press Releases

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