ACE Cash Express, Inc. Shareholders Approve Plan of Merger

DALLAS, Sept. 29  /PRNewswire-FirstCall/ -- On September 29, 2006, the shareholders of ACE Cash Express, Inc. (NASDAQ:AACE) voted at a special meeting to adopt the Agreement and Plan of Merger, dated June 6, 2006 (the "Merger Agreement") by and among Ace Holdings I, LLC, a Delaware limited liability company, Ranger Merger Sub, Inc., a Texas corporation, and the Company.

The Company also has obtained the necessary regulatory approvals required to satisfy the closing condition in Section 6.3(c) of the Merger Agreement.

The Company expects to complete the merger within the next seven to ten days, subject to the satisfaction of the remaining closing conditions set forth in the Merger Agreement.

About ACE

ACE Cash Express, Inc. is a leading retailer of financial services, including check cashing, short-term consumer loans, bill payment and prepaid debit card services, and the largest owner, operator and franchisor of check cashing stores in the United States.  As of June 30, 2006, ACE had a network of 1,573 stores in 38 states and the District of Columbia, consisting of 1,353 company-owned stores and 220 franchised stores.  ACE focuses on serving consumers, many of whom seek alternatives to traditional banking relationships in order to gain convenient and immediate access to financial services.  ACE's website is found at http://www.acecashexpress.com/ .

Forward Looking Statements

This Report contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  These statements are generally identified by the use of words such as "expect," "anticipate," "estimate," "believe," "intend," "plan," "target," "goal," "should," "would," and terms with similar meanings.

Although the Company believes that the current views and expectations reflected in these forward-looking statements are reasonable, these views and expectations, and the related statements, are inherently subject to risks, uncertainties, and other factors, many of which are not under the Company's control and may not even be predictable.  Any inaccuracy in the assumptions, as well as those risks, uncertainties and other factors could cause the actual results to differ materially from these in the forward-looking statements. These risks, uncertainties, and factors include, but are not limited to, matters described in the Company's reports filed with the Securities and Exchange Commission. 

DATASOURCE: ACE Cash Express, Inc.



CONTACT:  Jay B. Shipowitz, President & CEO, [phone], or

 , or William S. McCalmont, Executive Vice

President & CFO, [phone], or  , both of

ACE Cash Express, Inc.



Web site:  http://www.acecashexpress.com/ 

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