Dollar Financial Corp Announces Completion of Acquisition of 82 Financial Services Stores in Southeast Florida and Raises Fiscal 2008 Guidance

Business Wire, Dec 17, 2007

Adjusted EBITDA Reconciliation

Adjusted EBITDA is not an item prepared in accordance with GAAP. Adjusted EBITDA is earnings before interest expense, income tax provision, depreciation, amortization, charges related to non-qualified stock options and restricted shares and other items. The Company presents Adjusted EBITDA as an indication of operating performance and its ability to service its debt and capital expenditure requirements. Adjusted EBITDA does not indicate whether the Company's cash flow will be sufficient to fund all of its cash needs. Adjusted EBITDA should not be considered in isolation or as a substitute for net income, cash flows from operating activities, or other measures of operating performance or liquidity determined in accordance with GAAP. The Company believes that Adjusted EBITDA amounts should be considered by prospective investors because the Company uses them as one means of analyzing its ability to service its debt and capital expenditure requirements, and the Company understands that they are used by some investors as one measure of a company's historical ability to service its debt and capital expenditure requirements. Not all companies calculate Adjusted EBITDA in the same fashion, and therefore these amounts as presented may not be comparable to other similarly titled measures of other companies. The Company calculated its anticipated Adjusted EBITDA for calendar 2007 and fiscal 2008 in the same manner as it calculates its historical Adjusted EBITDA. The Company has provided a reconciliation of the calculation of its historical Adjusted EBITDA most recently in its October 30, 2007 press release announcing first quarter fiscal 2008 financial results that was attached to its current report on Form 8-K previously filed with the Securities and Exchange Commission on November 2, 2007. Please refer to this reconciliation for a general discussion of the method by which the Company reconciles Adjusted EBITDA.