ADVISORY, Feb. 17, 2012 (GLOBE NEWSWIRE) --
World Acceptance Corporation, one of the largest small-loan consumer finance companies in the United States and Mexico, will visit the NASDAQ MarketSite in Times Square.
In honor of the occasion, Sandy McLean, CEO, will ring the Opening Bell.
NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Tuesday, February 21st, 2012 – 9:15 a.m. to 9:30 a.m. ET
Fiber Line (Encompass Waterfront): 4463
Gal 3C/06C 95.05 degrees West
18 mhz Lower
DL 3811 Vertical
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About World Acceptance Corporation [WRLD]:
WORLD ACCEPTANCE CORPORATION, founded in 1962, is one of the largest small-loan consumer finance companies in the United States and Mexico. It offers traditional consumer installment loans and, where permitted and desirable, related credit insurance products, ancillary products and services to individuals. Many of its borrowers have limited access to other sources of consumer credit. World also offers income tax return preparation services to its loan customers and to the general public.
World emphasizes quality customer service and the building of strong personal relationships with its customers. As a result, a substantial portion of the Company's business is repeat business including the refinancing of loans to existing customers and the origination of new loans to former customers. During fiscal 2011, the Company loaned $2.6 billion in the aggregate in 2.3 million transactions. At March 31, 2011, World had approximately 867,000 customers. The Company's loans, generally under $4,000 with maturities of less than 36 months, are fully amortized and repayable in equal monthly installments. World's average gross loan made in fiscal 2011 was $1,134, and the average contractual maturity was approximately eleven months.
The Company also markets computer software and related services to financial services companies through its ParaData Financial Systems subsidiary. The ParaData system is currently used in 1,652 consumer loan offices, including the Company's branch offices. ParaData services over 103 customers.
As of December 31, 2011, World operated 1,120 offices in twelve states in the U.S. and in Mexico.
About NASDAQ OMX:
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,500 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX first North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. *Please follow NASDAQ OMX on Facebook (http://www.facebook.com/#!/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx).
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