FORT WORTH, Texas ( BUSINESS CABLE ) July 10, 2006 money America Overseas, Inc. (NYSE: CSH) announced today so it has finalized a definitive contract for the purchase for the assets of CashNetUSA. The acquisition will catapult money America to the distribution that is internet for temporary payday loans, complementing its community of 717 financing areas that provide payday loans in 20 states.

“By expanding our item distribution platform to incorporate access that is internet we think that we have been placed to provide a brand new consumer part beyond the reach of y our present bricks and mortar lending areas. This car will let us satisfy clients whom look for temporary payday loans rather than more expensive options to satisfy ease and convenience to their credit needs,” remarked Daniel R. Feehan, President and ceo of money America Global, Inc.

CashNetUSA has emerged as a frontrunner in the online cash loan business since its initial entry in to the market at the beginning of 2004. Continue reading →