<SUBMISSION>
<ACCESSION-NUMBER>0000950134-05-018067
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20050921
<ITEMS>1.01
<ITEMS>7.01
<ITEMS>9.01
<FILING-DATE>20050922
<DATE-OF-FILING-DATE-CHANGE>20050921
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ACE CASH EXPRESS INC/TX
<CIK>0000849116
<ASSIGNED-SIC>6099
<IRS-NUMBER>752142963
<STATE-OF-INCORPORATION>TX
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-20774
<FILM-NUMBER>051096654
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1231 GREENWAY DR STE 800
<CITY>IRVING
<STATE>TX
<ZIP>75038
<PHONE>2145505000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1231 GREENWAY DR #800
<CITY>IRVING
<STATE>TX
<ZIP>75038
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>ACE CASH EXPRESS INC
<DATE-CHANGED>19921016
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d28928e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
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<TITLE>e8vk</TITLE>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>September&nbsp;21, 2005 (Date of earliest event reported)</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>ACE CASH EXPRESS, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Texas</B><BR>
(State or other jurisdiction of<BR>
incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>0-20774</B><BR>
(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>75-2142963</B><BR>
(IRS Employer Identification<BR>
No.)</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>1231 Greenway Drive, Suite&nbsp;600<BR>
Irving, Texas</B><BR>
(Address of principal executive<BR>
offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>75038</B><BR>
(Zip Code)</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>(972)&nbsp;550-5000</B><BR>
(Registrant&#146;s telephone number,<BR>
including area code)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Not Applicable</B><BR>
(Former Name or Former Address,<BR>
if Changed Since Last Report)</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;1.01 Entry into a Material Definitive Agreement</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On September&nbsp;21, 2005, Ace Cash Express, Inc. (the &#147;<B><I>Company</I></B>&#148;) entered into an Asset Purchase
Agreement (the &#147;<B><I>Purchase Agreement</I></B>&#148;) by and between the Company, Popular Cash Express, Inc.
(&#147;<B><I>PCE</I></B>&#148;), Popular Cash Express &#150; California, Inc. (&#147;<B><I>PCEC</I></B>&#148; and with PCE, the &#147;<B><I>Sellers</I></B>&#148;) and Popular
North America, Inc. (the &#147;<B><I>Shareholder</I></B>&#148;). Pursuant to the Agreement, the Company will purchase
substantially all of the assets of the Sellers relating to the check-cashing and related business
operations conducted by Seller, which includes 111 check-cashing stores.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Agreement provides that the Company will pay to the Sellers up to $36&nbsp;million for the
assets, of which up to $22.5&nbsp;million will be evidenced by a series of convertible promissory
subordinated notes (the &#147;<B><I>Notes</I></B>&#148;), with the remaining balance to be paid in cash. The Notes will be
payable on a quarterly basis and will bear interest at 3.625% per annum, and will mature on
December&nbsp;31, 2025 unless earlier converted by the holder, redeemed at the option of the Company or
required to be repurchased at the option of the holder upon a change of control of the Company.
The Notes will be convertible into shares of the Company&#146;s common stock at a specified conversion
price that is subject to adjustment in limited situations. The initial conversion price and the
allocation between the Notes and the cash component of the total consideration paid to the Sellers
will be determined based on the average trading price of the Company&#146;s common stock for the thirty
days preceding the initial closing. The Company intends to stage multiple closings during its
fiscal second quarter as the conditions to closing at each acquired store are satisfied.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Sellers have agreed to not compete against the Company within a limited radius from the
stores being acquired by the Company until September&nbsp;21, 2010. The Sellers have agreed to not
solicit or hire employees from the Company until September&nbsp;21, 2006.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The closings of the transaction are subject to the satisfaction of various customary
conditions, including the consent of the Sellers&#146; existing landlords, receipt of all requisite
licenses and permits from various governmental authorities, and the consent of the Company&#146;s bank
group. The Purchase Agreement includes customary representations and warranties from the Sellers
regarding the assets being purchased by the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Sellers and the Shareholder agreed to indemnify and hold harmless the Company from and
against any and all losses as asserted against or incurred by the Company in connection with
certain matters, including a breach of Sellers&#146; representations and warranties, non-compliance with
laws relating to the transfer of assets, taxes, liabilities existing before the closing date,
environmental matters or claims of violations of employment laws before the closing date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On September&nbsp;21, 2005, the Company issued a press release concerning the Purchase Agreement, a
copy of which is filed as Exhibit&nbsp;99.1 to this Current Report on Form 8-K and it is incorporated
herein by reference.
</DIV>

<P align="center" style="font-size: 10pt">2
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7.01 Regulation&nbsp;FD Disclosure</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information in this Item&nbsp;7.01, including the Exhibit&nbsp;99.2 attached hereto, is furnished
pursuant to Item&nbsp;7.01 of this Form 8-K. Consequently, it is not deemed &#147;filed&#148; for the purposes of
Section&nbsp;18 of the Securities and Exchange Act of 1934, or otherwise subject to the liabilities of
that section. It may only be incorporated by reference in another filing under the Exchange Act or
Securities Act of 1933 if such subsequent filing specifically references this Item&nbsp;7.01 of this
Form 8-K.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On September&nbsp;21, 2005, the Company also issued a press release providing guidance for its
first quarter of fiscal 2006 as well as a statement as to the impact that Hurricane Katrina had on
its operations. A copy of the press release is attached as Exhibit&nbsp;99.2 to this Current Report on
Form 8-K and is incorporated herein by reference.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>(d)&nbsp;Exhibits</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit&nbsp;99.1 Press Release dated September&nbsp;21, 2005
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit&nbsp;99.2 Press Release dated September&nbsp;21, 2005
</DIV>

<P align="center" style="font-size: 10pt">3
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>SIGNATURES </B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">ACE CASH EXPRESS, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: September 21, 2005&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Walter E. Evans
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Walter E. Evans&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Senior Vice President and General Counsel&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt">4
</DIV>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d28928exv99w1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
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<TITLE>exv99w1</TITLE>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.1</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="44%">&nbsp;</TD>
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    <TD width="44%">&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Contacts:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">William S. McCalmont 972/753-2314
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Douglas Lindsay 972/753-2342</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Executive Vice President &#038; CFO
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President of Finance</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><U>wmccalmont@acecashexpress.com</U>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>dlindsay@acecashexpress.com</U></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ACE CASH EXPRESS EXPANDS STORE NETWORK<BR>
Agrees to Acquire 111 Stores from Popular, Inc.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">DALLAS (September&nbsp;21, 2005) &#151; ACE Cash Express, Inc. (NASDAQ:AACE) today announced execution of
an asset purchase agreement to acquire 111 stores owned and operated by Popular Cash Express, a
subsidiary of Popular, Inc. (NASDAQ: BPOP), for $36&nbsp;million. ACE also expects to invest
approximately $5.0&nbsp;million during the next 24&nbsp;months on capital improvements to the acquired
locations. The acquisition is expected to be completed by the end of the second quarter of fiscal
2006 and is subject to the satisfaction of various customary conditions, including consent of the
seller&#146;s landlords, receipt of requisite licenses and permits and consent from ACE&#146;s bank group.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Popular Cash Express stores being acquired offer check cashing, money order, wire transfer and
bill pay services and are located in 4 states, including 71 stores in Southern California, 17
stores in Arizona, 14 stores in Florida and 9 stores in Texas. The Popular Cash Express stores do
not currently offer short-term consumer loans, but ACE plans to introduce this product in
approximately 95 of the acquired stores.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;The addition of the Popular Cash Express stores, and more importantly their people, is an
opportunity to strengthen our presence in several key markets and leverage our existing
infrastructure. Consistent with our growth plans, we will continue to combine new store openings
with opportunistic acquisitions like Popular Cash Express. We welcome their customers and
employees to the ACE network of over 1,370 stores,&#148; stated Jay B. Shipowitz, President and Chief
Executive Officer of ACE.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Financing for the acquisition includes up to $22.5&nbsp;million in the form of a 3.625% convertible note
issued to the seller, and the remainder in cash. The conversion price and
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the allocation between the note and cash components will be determined based on the average trading
price of ACE&#146;s common stock for the 30&nbsp;days preceding the initial closing. ACE intends to stage
multiple closings during its fiscal second quarter as the conditions to closing at each acquired
store are satisfied.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;We expect the acquisition of these 111 stores to be between $0.26 and $0.30 accretive to
earnings during the 12&nbsp;months following the closing of the acquisition of all stores. This
expected range includes approximately $1.0&nbsp;million of transition costs expected to be expensed in
the second quarter of fiscal 2006,&#148; stated William S. McCalmont, Executive Vice President and Chief
Financial Officer of ACE.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;We believe strongly in the potential of this business to serve well the large and growing low and
moderate income segments of the population,&#148; said Roberto R. Herencia, President of Banco Popular
North America. &#147;This transaction will allow us to hold an investment in the largest publicly traded
player in the retail check cashing business. We remain committed to the industry as lender and
servicer, and will do so now without being a direct competitor&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Conference Call</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">An investor conference call will be held today, Wednesday, September&nbsp;21 at 5:00 p.m. E.D.T.,
regarding the purchase of 111 stores from Popular Cash Express and first quarter guidance. To
participate in the conference dial (800)&nbsp;442-9701. The confirmation code is 9762624. Jay B.
Shipowitz, President and Chief Executive Officer and William S. McCalmont, Executive Vice President
and Chief Financial Officer will conduct the conference.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>About ACE Cash Express</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">ACE Cash Express, Inc. is a leading retailer of financial services, including check cashing,
short-term consumer loans and bill payment services, and the largest owner, operator and franchisor
of check cashing stores in the United States. As of June&nbsp;30, 2005, ACE had a network of 1,371
stores in 37 states and the District of Columbia,
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">consisting of 1,142 company-owned stores and 229 franchised stores. ACE focuses on serving
consumers, many of whom seek alternatives to traditional banking relationships in order to gain
convenient and immediate access to check cashing services and short-term consumer loans. ACE&#146;s
website is found at <U>http://www.acecashexpress.com.</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Forward-Looking Statements</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This release contains certain &#147;forward-looking statements&#148; within the meaning of Section&nbsp;27A
of the Securities Act of 1933, as amended, and Section&nbsp;21E of the Securities Exchange Act of 1934,
as amended. These statements are generally identified by the use of words such as &#147;expect,&#148;
&#147;anticipate,&#148; &#147;estimate,&#148; &#147;believe,&#148; &#147;intend,&#148; &#147;plan,&#148; &#147;target,&#148; &#147;goal,&#148; &#147;should,&#148; &#147;would,&#148; and
terms with similar meanings.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Although ACE believes that the current views and expectations reflected in these forward-looking
statements are reasonable, these views and expectations, and the related statements, are inherently
subject to risks, uncertainties, and other factors, many of which are not under ACE&#146;s control and
may not even be predictable. Any inaccuracy in the assumptions, as well as those risks,
uncertainties and other factors could cause the actual results to differ materially from these in
the forward-looking statements. These risks, uncertainties, and factors include, but are not
limited to, satisfaction of the various conditions to the closing of the acquisition of the Popular
Cash Express stores, as well as, matters described in ACE&#146;s reports filed with the Securities and
Exchange Commission, such as:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ACE&#146;s relationships with Republic Bank &#038; Trust Company, First Bank of
Delaware, Travelers Express and its affiliates, and its bank lenders;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ACE&#146;s relationships with providers of services or products offered by ACE or
property used in its operations;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>federal and state governmental regulation of check cashing, short-term
consumer lending and related financial services businesses;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any impact to ACE&#146;s earnings derived from the loans offered by each of
Republic Bank &#038; Trust Company and First Bank of Delaware at ACE&#146;s stores in Texas,
Pennsylvania and Arkansas arising from the implementation of the revised Guidelines for
Payday Lending announced on March&nbsp;1, 2005 by the Federal</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Deposit Insurance Corporation, which revised Guidelines provide guidance to banks that
engage in payday lending, and include a requirement that such banks develop procedures to
ensure that a payday loan is not provided to any customer with payday loans outstanding
from any lender for more than 3&nbsp;months in the previous 12&nbsp;months;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any litigation;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>theft and employee errors;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the availability of adequate financing, suitable locations, acquisition
opportunities and experienced management employees to implement ACE&#146;s growth strategy;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>increases in interest rates, which would increase ACE&#146;s borrowing costs;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the fragmentation of the check cashing industry and competition from various
other sources, such as banks, savings and loans, short-term consumer lenders, and other
similar financial services entities, as well as retail businesses that offer services
offered by ACE;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the terms and performance of third-party services offered at ACE&#146;s stores; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>customer demand and response to services offered at ACE&#146;s stores.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">ACE expressly disclaims any obligation to update or revise any of these forward-looking
statements, whether because of future events, new information, a change in ACE&#146;s views or
expectations, or otherwise. ACE makes no prediction or statement about the performance of its
common stock.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">###
</DIV>



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<FILENAME>d28928exv99w2.htm
<DESCRIPTION>PRESS RELEASE
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;99.2</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
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<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Contacts:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">William S. McCalmont 972/753-2314
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Douglas Lindsay 972/753-2342</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Executive Vice President &#038; CFO
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President of Finance</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><u>wmccalmont@acecashexpress.com</u>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><u>dlindsay@acecashexpress.com</u></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ACE CASH EXPRESS PROVIDES FIRST QUARTER GUIDANCE<BR>
Assesses Impact of Hurricane Katrina</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">DALLAS ( September&nbsp;21, 2005 )-&#151; ACE Cash Express, Inc. (NASDAQ:AACE) today announced guidance for
the first fiscal quarter of 2006 as well as an assessment of the impact of Hurricane Katrina on its
operations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Hurricane Katrina</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">ACE Cash Express stores, employees and customers in New Orleans and its surrounding suburbs were
severely impacted by Hurricane Katrina. The company operates 20 stores in these markets and had
another two stores under construction. At this time, four stores have re-opened. ACE is
continuing to evaluate its options for re-opening each of the closed stores. ACE has been able to
contact all employees and has offered alternative employment to these employees at other ACE
locations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Based upon existing information, ACE expects to record an after-tax charge of $1.0&nbsp;million, or
approximately $0.07 per diluted share in the first fiscal quarter of 2006 related to losses from
Hurricane Katrina. This charge will include the write-off of fixed assets and an addition to the
loan loss provision related to current and past due loans to customers of these stores.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This charge does not include any income expected to be lost during the period of time that the
stores are closed. During fiscal 2005 the 20 stores in these markets generated revenue of $3.9
million.
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">ACE is in discussions with its insurance carrier to determine how much, if any, of these losses
will be covered by its casualty insurance and the extent of its business interruption coverage.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>First Quarter Guidance</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For the quarter ended September&nbsp;30, 2005, ACE expects to report the following:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The opening of between 18 and 21 ACE Cash Express company-owned stores and between 12
and 14 ACE Cash Advance company-owned stores and the closing of between eight and ten
company-owned stores. ACE also expects its franchisees to open between four and six
stores.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Total Revenue between $64.5&nbsp;million and $65.5&nbsp;million, including Loan Fees and Interest
between $24.5&nbsp;million and $25.0&nbsp;million.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Gross Margin between $18.0&nbsp;million and $19.0&nbsp;million, including a provision for loan
losses between $7.5&nbsp;million and $8.0&nbsp;million.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inclusive of the after-tax charge of $1.0&nbsp;million related to Hurricane Katrina, net
income between $2.7&nbsp;million and $2.9&nbsp;million.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Diluted Earnings Per Share between $0.18 and $0.20.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">ACE does not expect to record any income or expense during its first fiscal quarter of 2006 related
to its previously announced agreement to acquire 111 Popular Cash Express stores.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Commenting on the quarter&#146;s expected operating results, Jay B. Shipowitz, President and CEO said,
&#147;Overall demand for short-term consumer loans remains strong across our entire system. Same store
sales for loan fees in states not impacted by the revised FDIC Guidelines are up approximately 11%.
In the states of Arkansas, Pennsylvania and Texas that are impacted by the revised FDIC
Guidelines, customer acceptance of our new First Bank of Delaware loan product introduced on August
1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> is meeting our expectations and
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">we continue to believe that under the current regulatory environment that this is the correct loan
product for our customers and our business. However the lower income potential of this product
compared to the Republic Bank loan product has impacted our results this quarter as same store
sales for loan fees in states impacted by the revised FDIC Guidelines are down approximately 16%.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Conference Call</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt">An investor conference call will be held today, Wednesday, September&nbsp;21 at 5:00 p.m. E.D.T.,
regarding the purchase of 111 stores from Popular Cash Express and first quarter guidance. To
participate in the conference dial (800)&nbsp;442-9701. The confirmation code is 9762624. Jay B.
Shipowitz, President and Chief Executive Officer and William S. McCalmont, Executive Vice President
and Chief Financial Officer will conduct the conference.</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>About ACE Cash Express</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt">ACE Cash Express, Inc. is a leading retailer of financial services, including check cashing,
short-term consumer loans and bill payment services, and the largest owner, operator and franchisor
of check cashing stores in the United States. As of June&nbsp;30, 2005, ACE had a network of 1,371
stores in 37 states and the District of Columbia, consisting of 1,142 company-owned stores and 229
franchised stores. ACE focuses on serving consumers, many of whom seek alternatives to traditional
banking relationships in order to gain convenient and immediate access to check cashing services
and short-term consumer loans. ACE&#146;s website is found at http://www.acecashexpress.com.</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Forward-Looking Statements</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt">This release contains certain &#147;forward-looking statements&#148; within the meaning of Section&nbsp;27A
of the Securities Act of 1933, as amended, and Section&nbsp;21E of the Securities Exchange Act of 1934,
as amended. These statements are generally identified by the use of words such as &#147;expect,&#148;
&#147;anticipate,&#148; &#147;estimate,&#148; &#147;believe,&#148; &#147;intend,&#148; &#147;plan,&#148; &#147;target,&#148; &#147;goal,&#148; &#147;should,&#148; &#147;would,&#148; and
terms with similar meanings.</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Although ACE believes that the current views and expectations reflected in these forward-looking
statements are reasonable, these views and expectations, and the related statements, are inherently
subject to risks, uncertainties, and other factors, many of which are not under ACE&#146;s control and
may not even be predictable. Any inaccuracy in the assumptions, as well as those risks,
uncertainties and other factors could cause the actual results to differ materially from these in
the forward-looking statements. These risks, uncertainties, and factors include, but are not
limited to, satisfaction of the various conditions to the closing of the acquisition of the Popular
Cash Express stores, as well as, matters described in ACE&#146;s reports filed with the Securities and
Exchange Commission, such as:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ACE&#146;s relationships with Republic Bank &#038; Trust Company, First Bank of
Delaware, Travelers Express and its affiliates, and its bank lenders;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ACE&#146;s relationships with providers of services or products offered by ACE or
property used in its operations;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>federal and state governmental regulation of check cashing, short-term
consumer lending and related financial services businesses;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any impact to ACE&#146;s earnings derived from the loans offered by each of
Republic Bank &#038; Trust Company and First Bank of Delaware at ACE&#146;s stores in Texas,
Pennsylvania and Arkansas arising from the implementation of the revised Guidelines for
Payday Lending announced on March&nbsp;1, 2005 by the Federal Deposit Insurance Corporation,
which revised Guidelines provide guidance to banks that engage in payday lending, and
include a requirement that such banks develop procedures to ensure that a payday loan is
not provided to any customer with payday loans outstanding from any lender for more than 3
months in the previous 12&nbsp;months;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any litigation;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>theft and employee errors;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the availability of adequate financing, suitable locations, acquisition
opportunities and experienced management employees to implement ACE&#146;s growth strategy;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>increases in interest rates, which would increase ACE&#146;s borrowing costs;</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the fragmentation of the check cashing industry and competition from various
other sources, such as banks, savings and loans, short-term consumer lenders, and other
similar financial services entities, as well as retail businesses that offer services
offered by ACE;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the terms and performance of third-party services offered at ACE&#146;s stores; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>customer demand and response to services offered at ACE&#146;s stores.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACE expressly disclaims any obligation to update or revise any of these forward-looking
statements, whether because of future events, new information, a change in ACE&#146;s views or
expectations, or otherwise. ACE makes no prediction or statement about the performance of its
common stock.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">###
</DIV>



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