Cash America 2004 Annual Report Download - page 4

20 Years of Innovation
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is฀seeking฀a฀pawn฀loan:฀A฀customer฀in฀
need฀of฀cash฀brings฀in฀a฀tangible฀item฀
of฀personal฀property฀and฀minutes฀later฀
receives฀a฀loan฀based฀on฀the฀value฀
of฀the฀item.฀Frequently,฀we฀access฀
our฀proprietary฀centralized฀computer฀
network฀to฀determine฀a฀loan฀amount฀
in฀an฀effort฀to฀satisfy฀the฀customer’s฀
fi฀nancial฀needs.฀Our฀network฀database฀
strives฀to฀ensure฀that฀every฀customer฀
Company founded as
Cash America Investments, Inc.
by Jack R. Daugherty with one
pawnshop in Irving, Texas.
1984
Acquired Texas State
Credit Company, a 47-store
chain of pawnshops.
1987
Sold 4.92 million shares
in a secondary offering of
common stock, generating
$26 million in proceeds.*
1988
Cash America paid
fi rst quarterly dividend
equivalent to 5 cents per
share per year.
1989
1987
Initial public offering raised
$15.6 million through sale of
5 million shares in Cash America
Investments, Inc.* First pawnshop
company to be traded in the public
markets. Listed on NASDAQ under
the ticker symbol of “PAWN”.
service฀representative฀(and,฀of฀course,฀
every฀customer)฀benefi฀ts฀from฀the฀wealth฀
of฀knowledge฀of฀our฀entire฀company,฀
instantly,฀on฀every฀transaction.฀It’s฀an฀
innovation฀that฀helps฀build฀and฀retain฀
loyalty฀with฀our฀customers—real฀working฀
people,฀teachers,฀construction฀workers,฀
grocery฀clerks.฀This฀is฀a฀segment฀of฀
the฀population฀that฀is฀increasingly฀
disenfranchised฀by฀the฀traditional฀banking฀
industry.฀And฀it’s฀a฀segment฀of฀society฀
that฀continues฀to฀grow฀at฀a฀faster฀rate฀
than฀the฀general฀population.
“
Providing capital
alternatives to meet our
customers’ needs is what
Cash America is
all about.”
4 5
Listed on the NYSE under
symbol “PWN” and entered
three new states.
1990
Cash฀America฀฀has฀been฀a฀
pioneer฀in฀the฀pawn฀industry฀for฀20฀
years.฀While฀Cash฀America฀is฀responsible฀
for฀many฀innovations฀along฀the฀way,฀
we’re฀not฀responsible฀for฀getting฀the฀
pawn฀industry฀started.฀According฀to฀
historians,฀that฀started฀3,000฀years฀ago.฀
And฀quite฀frankly,฀we฀had฀2,980฀years฀of฀
negative฀perception฀to฀overcome.฀
฀ Today,฀at฀a฀well-lit฀Cash฀America฀
location,฀staffed฀with฀service-oriented,฀
trained฀professionals,฀the฀business฀
operates฀in฀a฀way฀that฀benefi฀ts฀both฀our฀
customers฀and฀our฀shareholders.฀Our฀
general฀approach฀to฀the฀pawn฀business฀
is฀our฀fi฀rst฀and฀still฀greatest฀innovation.
฀ Here’s฀what฀happens฀at฀a฀
Cash฀America฀store฀when฀a฀customer฀
Serving Customers Today
Industry Beginnings
Opened 100th pawnshop.
Company operates in 4 states of
Texas, Louisiana, Oklahoma
and Tennessee.
1988
* shares adjusted for stock splits
Cash America expanded
overseas through the
acquisition of 26 shops
based in London, England
(Harvey & Thompson).
1992