Cash Converters International Ld Opening of Dubai store (4660L)

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RNS Number : 4660L

Cash Converters International Ld

05 September 2012

Cash Converters International Limited

First Cash Converters Franchised Store Opens in Dubai

Cash Converters International Limited is very pleased to announce the opening of the first Cash Converters store in Dubai during August. The store is being opened by the Cash Converters Licensor in the United Arab Emirates (UAE), Bartergo General Trading LLC.

"We are going to offer an alternative for the expatriates coming in and out of Dubai," says Fabrice Le Boulenger, UAE General Manager and Licensor. "There are a number of websites facilitating the trading of second hand goods available to residents in Dubai demonstrating that there is a strong demand for buying and selling used or unwanted items in this market. But having the physical showroom in a highly populated area will be relatively unique especially by leveraging off the global brand profile of Cash Converters".

Dubai has a population of over 2 million people and the concept of franchising is well established with a significant number of international franchised brands across a variety of industries well established in the territory.

Mr Le Boulenger further stated, "Having our showroom on Sheikh Zayed Road will be the key to our success providing an immediate branding impact that will facilitate the opening of further stores in the region".

5 September 2012

Enquiries:

Cash Converters International Limited

   Mr D.R. Groom                                            61 (8) 9221 9111 

Charles Stanley Securities

   Dugald J. Carlean / Karri Vuori                       44 (0) 20 7149 6000 

This information is provided by RNS

The company news service from the London Stock Exchange

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