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The State Eastman spending includes Calhoun

Eastman spending includes Calhoun Eastman Chemical Co. will spend $340 million to $360 million on new plants and equipment this year, including $100 million for a previously announced expansion of its Voridian polyester resin plant in Calhoun County. The capital spending is an increase from $248 million last year, according to the company%u2019s annual report filed late Wednesday with the Securities and Exchange Commission.

CheckCity.com Offers Payday Advance Loans in Kansas

CheckCity.com Offers Payday Advance Loans in Kansas Download this press release as an Adobe PDF document. CheckCity.com (http://www.checkcity.com) has recently been licensed by the State of Kansas to give payday advance loans and has begun offering short-term loans to residents of Kansas directly over the Internet. (PRWEB) March 11, 2005 -- CheckCity.com (http://www.checkcity.com) has recently been licensed by the State of Kansas to give payday advance loans and has begun offering short-term loans to residents of Kansas directly over the Internet

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Advance America Cash Advance Centers downgraded to "market perform" - update | newratings.com

 NEW YORK, March 4 (newratings.com) - Analyst John Hecht of JMP Securities downgrades Advance America Cash Advance Centers (ticker: AEA) from "market outperform" to "market perform," while reducing his estimates for the company. In a research note published yesterday, the analyst mentions that the FDIC has issued new policies for bank-agency payday lending partnerships, which limit the annual borrowing frequency of a payday customer. The downgrade in rating is based on the uncertainties surrounding the new regulatory guidelines, JMP Securities says. According to the analyst, Advance America Cash Advance Centers' annual revenues are likely to be adversely affected by 12%-14% on account of the new policies. The EPS estimates for FY05 and FY06 have been reduced from $1.05 to $0.75 and from $1.30 to $1.10, respectively.

Newsday.com - AP New York

ALBANY, N.Y. -- Nine companies that specialize in providing cash advances to personal injury plaintiffs have agreed to reform their practices under a deal with New York state to be announced Monday. The compact comes eight months after New Jersey-based Cambridge Management Group LLC agreed to the industry's first state-negotiated cash advance reforms with New York state Attorney General Eliot Spitzer's office.

Advance America Cash Advance Centers initiated with "market outperform" - update | newratings.com

NEW YORK, February 18 (newratings.com) - Analyst John Hecht of JMP Securities initiates coverage of Advance America Cash Advance Centers (ticker: AEA) with a "market outperform" rating. The 12-month target price is set to $25. In a research note published yesterday, the analyst mentions that the company is poised to benefit significantly in the near future from the rapid growth of the payday lending industry. The analyst believes that Advance America Cash Advance Centers would witness $100 million of store level operating income growth over the next couple of years. The company is expected to expand its store base and undertake acquisitions in the near future to gain substantial market share, JMP Securities adds.

Internet payday lending on rise

Payday loans are tempting. Advertisements promising money to "tide you over until your next paycheck" appear at check cashing outlets, in pawn shops and within the classified ads. Increasingly, cyberspace is the new marketing frontier for payday loans with check-based lenders promoting their services through pop-up ads, in junk e-mail and on Web sites, according to Pamela King, president and CEO of the Mountain States Better Business Bureau.

Advance America Declares Quarterly Dividend

 SPARTANBURG, S.C., Feb. 16 /PRNewswire-FirstCall/ -- Advance America, Cash Advance Centers, Inc. (NYSE: AEA) today announced that its Board of Directors has declared a regular quarterly dividend of $0.09 per share. The dividend is payable March 10, 2005, to shareholders of record as of February 28, 2005. Commenting on the board's decision, William M. Webster IV, Chief Executive Officer said, "We are pleased to announce our first dividend as a public company. This announcement is consistent with our desire to provide return to our shareholders and will not inhibit the company's growth strategy."

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The State | 03/09/2005 | Critics seek to restrict payday lending companies

 Critics seek to restrict payday lending companies Many say poor people coaxed into taking new loans to pay off old ones By BEN WERNER Staff Writer Pearl Hall thought payday loans could break the circular logic that says you need a car to find a job, but you need a job to get a car loan. In 2003 she obtained three payday loans, bought a 1997 Ford Taurus, found a job with AARP South Carolina %u2014 and started a two-year financial spiral into bankruptcy court. %u201CI found it hard to pay back,%u201D Hall said of those initial loans. %u201CEach time I went back in, they said I qualified for more.%u201D

INFe Venture Club Microcap Investor Forum and Company Showcase Announces Presenting Company Line-up

 INFe Venture Club Microcap Investor Forum and Company Showcase Announces Presenting Company Line-up Forum Set for March 18th at the Luxurious Biltmore Hotel in Coral Gables, Florida FALLS CHURCH, Va. and MIAMI, March 16, 2005 (PRIMEZONE) -- The INFe Venture Club, a membership-based organization that brings together angel, accredited and institutional investors with emerging public companies, has scheduled its signature annual event, The Microcap Investor Forum & Company Showcase, for Friday, March 18, 2005 at the opulent Biltmore Hotel in Coral Gables, Florida.

Advance America Comments on Recent FDIC Guidance

SPARTANBURG, S.C., March 2 /PRNewswire-FirstCall/ -- Advance America, Cash Advance Centers, Inc. (NYSE: AEA) reports that on March 1, 2005 the Federal Deposit Insurance Corporation (FDIC) issued revised Payday Lending Guidance to FDIC-supervised institutions that offer payday loans including the lending banks for which Advance America acts as an agent. Advance America and the lending banks for which it operates as an agent under the agency business model are currently in the process of reviewing the Guidance.

Advance America Releases Year End and Fourth Quarter 2004 Results

Advance America Releases Year End and Fourth Quarter 2004 Results Tuesday February 15, 5:29 pm ET SPARTANBURG, S.C., Feb. 15 /PRNewswire-FirstCall/ -- Advance America, Cash Advance Centers, Inc. (NYSE: AEA - News) today reported the results of its operations for the fourth quarter and year ended December 31, 2004

Analysts weigh in on FDIC's payday lending move - Banks - Financial - Financial Services - Analyst

Shares of Ace Cash Express fell 10 cents to $23.85. Advance America Cash Advance (AEA: news, chart, profile) declined 8.3 percent to $14.99. Payday lenders offer cash advances against customers' paychecks...

The State | 03/03/2005 | Nation%u2019s largest payday lender born and bred in S.C.

 Nation%u2019s largest payday lender born and bred in S.C. By WARREN BOLTON Associate Editor PAYDAY LENDING didn%u2019t get its start in South Carolina, but the practice has been perfected in the Palmetto State. The nation%u2019s largest payday lender is headquartered in Spartanburg. Advance America, Cash Advance Centers has 2,500 locations %u2014 about 100 in South Carolina %u2014 and 6,500 employees in 35 states, said company CEO Billy Webster. The company lent $3.8 billion nationally in 2004.

Payday lenders say they're ignored

A group of Illinois payday lenders says it wants its proposed changes to a reform bill to be taken seriously before the bill comes up for a committee vote in the Illinois House of Representatives, now scheduled for Tuesday.

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