SPARTANBURG, SC – January 30, 2009 – Advance America, Cash Advance Centers, Inc. (NYSE:AEA) announced today that its Board of Directors has appointed Tony S. Colletti to serve as a director of the Company.
Mr. Colletti operates Colletti & Associates, a public affairs firm based in Chicago, Illinois. Prior to opening Colletti & Associates in 2007, Mr. Colletti was the Executive Vice President of the Community Financial Services Association (CFSA) from 2004 until 2007, where he was responsible for state and federal legislative efforts. Prior to joining CFSA, he served as a government relations specialist and practiced business and real estate development law for a number of firms and associations. Mr. Colletti has over 30 years of experience in corporate leadership and public affairs strategies. He earned a B.S. degree from Bradley University and a J.D. from the University of Notre Dame Law School.
Commenting on Mr. Colletti’s appointment Billy Webster, Advance America’s Chairman, stated: Tony Colletti is one of the premier government relations experts in the United States. In addition, Tony understands that hardworking families deserve the freedom to chose among their credit options, and that millions of Americans use our products and services to help them overcome unexpected financial difficulties. We are fortunate to have someone with his knowledge of our industry and business experience serving on our board. We will greatly benefit from his expertise.
About Advance America
Founded in 1997, Advance America, Cash Advance Centers, Inc. (NYSE:AEA) is the country’s leading provider of cash advance services, with approximately 2,840 centers and 79 limited licensees in 33 states, the United Kingdom and Canada. The company offers convenient, less-costly credit options to consumers whose needs are not met by traditional financial institutions. The Company is a founding member of the Community Financial Services Association of America (CFSA), whose mission is to promote laws that provide substantive consumer protections and to encourage responsible industry practices.