Cash America 1999 Annual Report Download - page 2
Download and view the complete annual report
Please find page 2 of the 1999 Cash America annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14
-
15
 |
 |
A tribute to our Chairman,
retiring as Chief Executive Officer February 1, 2000
Jack Daugherty’s vision in 1984 was to create the first large chain of pawn-
shops focused on customer service and oriented to enhancing the image of
the industry. Starting with three lending locations in Irving, Texas,
Mr. Daugherty founded Cash America and began pursuing his vision.
The Company expanded rapidly and issued shares in a public offering in
1987 and became listed on the New York Stock Exchange in 1990 after three
subsequent equity offerings.
Mr. Daugherty’s vision and success served as an inspiration to others as similar
multi-unit operators came into existence. In addition, industry
participants increased their emphasis on customer service and improved their
physical image based on the Cash America model.
In 1992 Cash America became the first pawn lender to conduct operations in
the United States and overseas when the Company expanded to England.
In 1994 Cash America loaned its one billionth dollar.
Today, Cash America has over one million individual loans outstanding each
day with 477 lending locations in sixteen states in the United States and two
foreign countries. Mr. Daugherty’s vision to create a market leader in the
industry has been fulfilled.