Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Dennis Telzrow - Stephens Inc.
Dennis Telzrow - Stephens Inc.
Ken in Ohio, I think that your company as previously said the initiative does not pass or there is not a no vote that you would close the stores; is that still the intent or as some companies are thinking about, would you consider an alternative product or still up in air?
Ken Compton
Dennis, I would say at this point that we would not expect to close immediately. There is a couple of reasons one of them is, as you know you have to continue to work with customers collect out. We also have several hundred employees there that we would communicate to and yes, I’ll know others are looking at alterative products and we may do the same, but I think at this point I would just leave it that I would not expect this to close immediately. We will still evaluate it.
Dennis Telzrow - Stephens Inc.
Any comment on progress in U.K. and I know of course in Canada, there is no real legislative changes, what’s your thoughts on those two countries?
Ken Compton
I’ll answer Canada first; you’re right, there’s no change. We still have the same 10 centers opened and we continue to operate under the federal usury until these provinces are claimed as legislation, so there are no changes.
In the U.K. we are up to, I think 17 company owned centers and 79 limited licensees. We have in the fourth quarter, end to the first quarter, about four more de novos we will rollout and I think at this point that’s probably the scope of what we were do, what we have planned in the U.K. for the next couple of quarters.
Operator
Your next question comes from Rich Shane - Jefferies.
Rich Shane – Jefferies
A couple of questions here; what was the actual number of transactions during the quarter and what was the dollar value?
Patrick O'Shaughnessy
Let me get that for you Rick, just a second.
Rich Shane – Jefferies
And as you are looking for that, help us understand perhaps the economics of the agreement with CashNet and how that will work?
Patrick O'Shaughnessy
As Ken mentioned, we’re responsible for marketing and driving customers to our website that will be powered by CashNetUSA. They will be making the underwriting decisions and funding the loans and we will share revenues under a predetermined calculation.
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