EDMONTON,
Aug. 7, 2013 /CNW/ - The Cash Store
Australia Holdings Inc. ("Cash Store Australia" or the "Company")
(TSXV: AUC) today announced that effective August 5, 2013, Tom
Denovan has been named the Company's Chief Executive
Officer.
Mr. Denovan has been working with Cash Store
Australia since March 2012 as its
Chief Operating Officer, and is resident in Australia. Mr. Gordon
Reykdal, the Company's Chairman of the Board, stated, "Mr.
Denovan has been a key part of the management team since his
arrival and has made significant strides to strengthen the
Company's operations in Australia.
The Board of Directors is pleased to make this appointment."
About Cash Store Australia
Cash Store Australia is the only small-sum
short-term advance broker in Australia publicly traded on the TSX Venture
Exchange (TSXV: AUC). Cash Store Australia operates 61 branches in
the States of Victoria,
Queensland, Tasmania, Northern Territory, and New South Wales under the banner "The Cash
Store".
Forward Looking Information
This News Release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, but is not
limited to, information with respect to our objectives, strategies,
operations and financial results. Generally, forward-looking
information can be identified by the use of forward-looking
terminology such as "plans", "expects", or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "does not anticipate", or "believes"
or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might", or
"will be taken", "occur", or "be achieved. Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of Cash Store Australia, to
be materially different from those expressed or implied by such
forward-looking information. All material assumptions used in
making forward-looking statements are based on management's
knowledge of current business conditions and expectations of future
business conditions and trends. Although we believe the assumptions
used to make such statements are reasonable at this time and have
attempted to identify in our continuous disclosure documents
important factors that could cause actual results to differ
materially from those contained in forward-looking statements,
there may be other factors that cause results not to be as
anticipated, estimated or intended. Certain material factors or
assumptions are applied by us in making forward-looking statements,
include without limitation, factors and assumptions regarding our
continued ability to fund our small sum short-term loan business,
rates of customer defaults, relationships with, and payments to,
third party lenders, demand for our products, as well as our
operating cost structure and current consumer protection
regulations. There can be no assurance that such information will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on
forward-looking information. We do not undertake to update any
forward-looking information, except in accordance with applicable
securities laws.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE The Cash Store Australia Holdings Inc.