| | Business Summary | | ACE
Cash
Express,
Inc.
is
a
significant
provider
of
retail
financial
services
in
the
United
States.
The
Company
is
also
the
largest
owner,
operator,
and
franchisers,
of
check
cashing
stores
in
the
United
States.
As
of
August
31,
2000,
the
Company
had
a
total
network
of
1,084
stores
in
33
states
and
the
District
of
Columbia,
consisting
of
921
Company-owned
stores
and
163
franchised
stores.
ACE
stores
offer
check
cashing
services
and
other
retail
financial
services
at
competitive
rates
in
clean,
convenient
settings.
Services
include
cashing
payroll
checks,
government
checks,
and
insurance
drafts;
selling
money
orders;
and
providing
money
transfer
services
using
the
MoneyGram
network.
Many
Company-owned
stores
also
offer
bill-payment
services,
lottery
and
lotto
tickets,
small
consumer
loans,
and
other
retail
financial
and
transaction
processing
services. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | AACE
provides
retail
financial
services.
AACE
is
a
franchisor
of
check
cashing
stores,
and
has
a
network
of
1,084
stores
in
33
states
and
District
of
Columbia.
For
the
fiscal
year
ended
6/30/01,
revenues
rose
40%
to
$196.8
million.
Net
income
before
acct.
change
fell
93%
to
$611
thousand.
Revenues
reflect
higher
loan-related
revenue
and
check-cashing
fees.
Net
income
was
offset
by
higher
loan
loss
provisions
on
Goleta
National
Bank
participations
and
$8.6
million
in
store
closing
costs. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Raymond Hemmig, 50
Chairman
of Directors | -- | Donald Neustadt, 51
CEO,
Director | $321K | Jay Shipowitz, 37
Pres,
COO, Director | 232K | Joe Conner
CFO, Sr. VP | -- | Raymond McCarty, 58
Exec.
VP, Operations | 214K | | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/a/aace.gif)