INVESTOR ALERT: Law Offices of Howard G. Smith Announces Update to the Class Action Lawsuit Against EZCORP, Inc.

The shareholder class action lawsuit filed against EZCORP, Inc. (“EZCORP” or the “Company”) EZPW, a provider of instant cash solutions, alleges that the Company and certain of its executive officers misrepresented or failed to disclose material information concerning EZCORP's business, operations and financial prospects, including that the implementation of certain strategic and growth initiatives was less successful than represented, and certain of the Company's business units and investments were not performing as well as represented.

On October 6, 2014, EZCORP, a provider of instant cash solutions, announced that the Company will discontinue its stand-alone online lending businesses in the U.S. and U.K. and undertake certain other strategic measures that will result in aggregate pre-tax charges of approximately $110 million ($105 million after-tax) in the fourth quarter of fiscal 2014, approximately $95 million of which represent non-cash charges, including the write-off of approximately $84 million in goodwill associated with the Company's investment in the online lending businesses. According to the Company, these actions “are a result of a comprehensive review and evaluation of each of the Company's businesses recently completed by the new management team and Board of Directors.” Following this news, EZCORP shares declined 10.7 percent, or $1.06 per share, in intraday trading on October 7, 2014.

Law Offices of Howard G. Smith reminds investors that purchasers of EZCORP shares between April 30, 2013 and October 6, 2014, have until October 21, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit. To be a member of the Class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.