October 21, 2014 Nicholas Financial is Considering Various Financial InitiativesClearwater, Florida, - October 21, 2014 – Clearwater, Florida - Nicholas
Financial, Inc. (the “Company”) (NASDAQ: NICK) today
announced that the Board of Directors of the Company is considering various strategic
financial initiatives to increase return on shareholder investment, including (but not
limited to) undertaking a share repurchase program or self-tender offer, initiating a
cash dividend program, increase its existing credit facility and/or exploring potential
expansion opportunities. No assurances can be given, however, as to whether the Board
of Directors will determine to implement any such initiatives. |