Dollar Financial Corp Announces Resignation of President Don Gayhardt

* Reuters is not responsible for the content in this press release.

Tue Jan 22, 2008 9:00am EST

BERWYN, Pa.--(Business Wire)--Dollar Financial Corp (NASDAQ:DLLR), a leading international
financial services company serving under-banked consumers, today
announced the resignation of Don Gayhardt, effective May 31, 2008, as
President and as a member of the Board of Directors. Mr. Gayhardt, who
has served the Company since 1990, will be leaving May 31st to pursue
opportunities in the private equity industry and has agreed to provide
counsel to the Company thereafter. The Company does not presently
intend to seek a replacement for Mr. Gayhardt.

   Jeff Weiss, Dollar's Chairman and Chief Executive Officer
commented, "While it is with great regret that we announce Don's
resignation, I look forward to continuing to benefit from Don's
counsel on company matters relating to corporate strategy,
acquisitions, and regulation.

   "Don has made important contributions towards building the Company
to where it is today - the most diversified company in our sector with
a strong management team in place to lead the Company in its next
growth phase. Don has been my partner at Dollar for almost 18 years,
and together we have led the Company from a small U.S. chain with
approximately $14 million in annual revenue to a leading diversified
international financial services company with over 1,400 locations and
5,500 employees. Our entire family at Dollar Financial thanks Don for
his efforts and wishes him well in his future endeavors."

   About Dollar Financial Corp

   Dollar Financial Corp is a leading international financial
services company serving under-banked consumers. Its customers are
typically service sector individuals who require basic financial
services but, for reasons of convenience and accessibility, purchase
some or all of their financial services from the Company rather than
from banks and other financial institutions. To meet the needs of
these customers, the Company provides a range of consumer financial
products and services primarily consisting of check cashing,
short-term consumer loans, Western Union money order and money
transfer products, reloadable VISA(R) and MasterCard(R) branded debit
cards, electronic tax filing, bill payment services, and legal
document processing services.

   The Company's global store network consists of approximately 1,445
stores, including 1,080 company-operated financial services stores and
365 franchised locations in 32 states, the District of Columbia,
throughout Canada and in the United Kingdom. The financial services
store network is the largest network of its kind in each of Canada and
the United Kingdom and the second-largest network of its kind in the
United States. The Company's customers, many of whom receive income on
an irregular basis or from multiple employers, are drawn to the
convenient neighborhood locations, extended operating hours and
high-quality customer service. The Company's financial products and
services, principally check cashing and short-term consumer loan
programs, provide immediate access to cash for living expenses or
other needs. For more information, please visit the Company's website
at www.dfg.com.

   Forward Looking Statement

   This news release contains forward looking statements, including
statements regarding the following: the Company's future results,
growth, guidance and operating strategy; the developing regulatory
environment in Canada; the impact of future development strategy, new
stores and acquisitions; and of the performance of new products and
services. These forward looking statements involve risks and
uncertainties, including risks related to the regulatory environment,
current and potential future litigation, the integration and
performance of acquired stores, the performance of new stores, the
implementation and results of restructuring initiatives, the impact of
debt financing transactions, the results of certain ongoing income tax
appeals, and the effects of new products and services on the Company's
business, results of operations, financial condition, prospects and
guidance. There can be no assurance that the Company will attain its
expected results, successfully integrate any of its acquisitions,
attain its published guidance metrics, or that ongoing and potential
future litigation or that the various FDIC, Federal, state, Canadian
or foreign legislative or regulatory activities affecting the Company
or the banks with which the Company does business will not negatively
impact the Company's operations. A more complete description of these
and other risks, uncertainties and assumptions is included in the
Company's filings with the Securities and Exchange Commission,
including those described under the heading "Risk Factors" in Form S-3
for the Company's Senior Convertible Note offering filed with the SEC
on September 20, 2007 and its fiscal 2007 annual report on Form-10K.
You should not place any undue reliance on any forward-looking
statements. We disclaim any obligation to update any such factors or
to publicly announce results of any revisions to any of the
forward-looking statements contained herein to reflect future events
or developments.

Dollar Financial Corp
by
Financial Dynamics
Julie Prozeller / Mark McCall, 212-850-5600

Copyright Business Wire 2008
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.