EZCorp Inc is a Delaware corporation formed in 1989. The Company is the provider of pawn loans in the United States and Mexico and consumer loans in Mexico. At its pawn stores, 522 in the U.S. and 232 in Mexico, the Company offer pawn loans, which are non-recourse loans collateralized by tangible property and sells merchandise, collateral forfeited from pawn lending operations and used merchandise purchased from customers. The Company's segment consists of U.S. Pawn, which includes its EZPAWN, Value Pawn & Jewelry and other branded pawn operations in the United States; Mexico Pawn, which includes Empeño Fácil pawn operations and Cash Converters buy/sell store operations in Mexico; Grupo Finmart, which includes Crediamigo and Adex payroll withholding loan operations in Mexico; and Other International, which includes CASHMAX financial services operations in Canada and equity interest in the net income (loss) of Cash Converters International. In addition to three core businesses (U.S. Pawn, Mexico Pawn and Grupo Finmart), the Company operates 27 CASHMAX financial services locations in Canada and owns 32% of Cash Converters International Ltd, based in Australia, which franchises and operates a network of over 700 locations that provide financial services and also buy and sell second-hand goods. At its North American pawn stores, it offers secured loans, which are typically small, non-recourse loans collateralized by tangible personal property. The Company competes with other pawn stores, credit service organizations, banks, credit unions and other financial institutions, such as consumer finance companies. Its competitors for merchandise sales include numerous retail and wholesale stores, such as jewelry stores, discount retail stores, consumer electronics stores, other pawn stores, other resale stores, electronic commerce retailers and auction sites. The Company operates U.S. pawn stores under the names EZPAWN or Value Pawn and the Mexico pawn stores under the name EMPEÑO FÁCIL. In Mexico, it offers payroll withholding loans under the names Crediamigo and Adex. It has few stores in Mexico that operate under the name Cash Converters. It has registered with the United States Patent and Trademark Office the names EZPAWN and EZCORP, among others. It also holds a trademark in Mexico for the name EMPEÑO FÁCIL.
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