Advance America, Cash Advance Centers Inc., Special/Extraordinary Shareholders Meeting, Apr 20, 2012. Agenda: To consider the adoption and approval of the agreement and plan of merger; to approve the executive compensation payable in connection with the merger; and to approve an adjournment or postponement of the special meeting.

Advance America, Cash Advance Centers Inc. reported unaudited consolidated earnings results for the quarter and year ended December 31, 2011. Net income for the quarter ended December 31, 2011 increased to $26.5 million on total revenues of $182.215 million compared to net income of $15.8 million on total revenues of $160.250 million for the same period in 2010. For the quarter ended December 31, 2011, diluted earnings per share were $0.43 compared to $0.26 for the same period in 2010. Income before income taxes for the quarter ended December 31, 2011 increased to $31.4 million, compared to $28.3 million for the same period in 2010. For the quarter ended December 31, 2011, total revenues in the United States, excluding those centers acquired from CompuCredit Corporation, for the company's centers opened prior to October 1, 2010 and still open as of December 31, 2011 increased 4.1% compared to the same period in 2010. Net income for 2011 increased to $67.6 million on total revenues of $625.856 million compared to net income of $35.8 million on total revenues of $600.233 million for 2010. Diluted earnings per share were $1.09 for the year ended December 31, 2011, compared to $0.58 for the same period in 2010. Income before income taxes for 2011 was $105.3 million, compared to $65.8 million for the same period in 2010. Cash flow from operations for the year ended December 31, 2011, increased 35.1% to $181.7 million, compared to $134.5 million for the same period in 2010. EBITDA increased 44.6% to $123.4 million for the year ended December 31, 2011, compared to $85.3 million for the same period in 2010. EBITDA as a percentage of revenue was 19.7% for the year ended December 31, 2011, compared to 14.2% for the same period in 2010. Excluding operations in the United Kingdom and Canada, and legal settlements, EBITDA for the year ended December 31, 2011 increased 29.5% to $138.8 million, compared to $107.2 million for the same period in 2010. The company recorded expenses of approximately $8.0 million, including impairment of goodwill of $4.3 million, impairment of fixed assets of $2.4 million, write-down of receivables of $0.8 million, and other expenses of approximately $0.5 million during the quarter ended December 31, 2011.

Advance America, Cash Advance Centers Inc. is pursuing strategic alternatives, including the divesture of operations in United Kingdom and Canada due to their continued negative performance. These alternatives will allow it to exit the United Kingdom and Canada by the end of 2012.