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ACE Money Express, Inc. Early Reputation For Check-Cashing Industry

ACE Money Express, Inc. Early Reputation For Check-Cashing Industry

Expansion: 1988-97

From the inception, ACE had to get its method in this moving services that are financial. Much more tumultuous was the undeniable fact that the business quickly needed to battle a 1987 takeover effort websites by Cash America Global Inc., a community of pawn stores desperate to enhance its operations. The publicly exchanged money America eventually abandoned the purchase as a result of issues on Wall Street that the ongoing business ended up being venturing too far afield from the core pawn store company. Into the aftermath of money America ’ s bid, ACE president Don Neustadt and president and CEO Ray Hemmig made expansion the company ’ s top concern so that you can keep ACE ’ s leading place in an extremely competitive industry.