Cash Converters International (CCV)

Shares / Stock Code

CCV

Stock Exchange / Sharemarket

ax

Cash Converters International's (CCV) core business involves the buying and selling of secondhand goods over the counter for cash. The company has a strong brand, image and global presence with locations in Australia, New Zealand, South Africa, Japan, United Kingdom, France, Spain, Holland, Belgium, Switzerland, Austria, Ireland, Italy, Greece, Germany, Portugal, USA, Canada, Argentina. It also provides secured and unsecured loans, and operates a number of corporate stores, trading under the Cash Converters name. The total number of stores as of June 30, 2009, was 136, with 44 in Queensland, 32 in Victoria, 12 in New South Wales, 20 in South Australia, 25 in Western Australia and three in Tasmania. As of June 30, 2009, the total number of stores in United Kingdom was 137.

The Company’s segments include store operations, which include the sale of franchises for the retail sale of second hand goods and sales of master licenses for the development of franchises and corporate stores, and financing, which provides loans to existing franchisees within Australia. On August 11, 2009, the Company announced that its subsidiary, Cash Converters UK Limited, acquired an existing store in Barnsley, there by increasing the total number of corporate stores to 38.

Cash Converters International (CCV) is a franchisor selling franchise rights for the retail sale of second hand goods under the Cash Converters name with franchise stores operating domestically and internationally. CCV also provides master licences for the development of the franchise chain in countries outside of Australia. The company targets the general consumer market seeking to buy or sell used goods. There are a number of independant second hand retail outlets and a number of online auction sites competing directly with CCV in the second hand goods market.

Cash Converters International History

Cash Converters International began in 1984 establishing seven outlets in the Perth Metropolitan area before franchising of Cash Converters commenced in June 1988. From the opening of two initial franchised retail stores CCV has grown to 150 stores across Australia. The international development of the Cash Converters Group began in 1991 and has now spread across several countries.