Family Financial Center Begins Acquisition Program

Family Financial Center Begins Acquisition Program

November 11, 2004 10:00AM EST
Doylestown, PA (Business Wire) – November 11, 2004

Family Financial Centers L.L.C. announced its plans for a rapid acquisition expansion program. FFC has entered into an agreement with an investment banking group to provide funding to be utilized to purchase independent alternative financial service centers converting them to the Family Financial Centers brand.

President and co-founder, Paul Eckert, stated that this would allow Family Financial Centers to grow rapidly yet intelligently and provide immediate revenue stream to new franchisees. Bruce Chamberlin, Executive Vice President and co-founder, stated that the company’s goal is to provide an exit strategy for independently run check cashers and PayDay loan providers and repackage those locations to provide a high level of service to our customers.

Family Financial Centers has positioned itself to be the true alternative full-service financial center for the unbanked.

About Family Financial Centers

Family Financial Centers is the “Quantum Leap” forward in the evolution of the alternative financial service center. Located in attractive suburban centers, Family Financial Centers have the systems, ambience and professionalism of a traditional bank. FFC offers a full array of financial services including check cashing, money orders, wire transfer, tax preparation services and short-term consumer loans.

Family Financial Centers is committed to raising the standard for alternative financial service providers both for product offerings and the way they are delivered to the market. Our centers are conveniently located to our customer’s home or work. We are fully automated with systems that keep the average transaction time to just a few minutes. This allows our customer to have all of their financial needs taken care of conveniently and efficiently, in an environment that is upbeat, professional and friendly. Family Financial Centers is rapidly expanding through the acquisition and conversion of existing financial centers to the Family brand.