Revenue from
the 51 branches during the last 12 months ended October 31, 2006
totaled approximately $11.3 million and branch-level gross
profit during the same period totaled approximately $2.7
million.
QC Holdings, Inc. has acquired 51
South Carolina-based Express Check Advance payday loan branches
for $16.2 million.
"This acquisition expands our company with minimal distraction
to existing operations and instantly gives us significant market
share in South Carolina," said QC President and Chief Operating
Officer Darrin Andersen.
Revenue from the 51 branches during the last 12 months ended
October 31, 2006 totaled approximately $11.3 million and
branch-level gross profit during the same period totaled
approximately $2.7 million. Aggregate current loans receivable
were $5.4 million as of October 31, 2006.
The acquisition raises QC's total branch count to 611 branches
and establishes a significant presence in South Carolina.
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Revenue from
the 51 branches during the last 12 months ended October 31, 2006
totaled approximately $11.3 million and branch-level gross
profit during the same period totaled approximately $2.7
million.