fbpx

Let me make it clear about CASH NOW CORPORATION Goes Public

Icon
Icon By
Icon 0 comments

Let me make it clear about CASH NOW CORPORATION Goes Public

FT. LAUDERDALE, Fla.–( COMPANY WIRE )–Nov. 5, 2004–CASH NOW CORPORATION (Pink Sheets:CHNW) went general general public this week, exposing their intends to aggressively pursue business development utilizing a licensing networking. The organization will focus its efforts to mention its marketing that is new opportunity the general public, making its unique online system of pay day loans licences offered to business owners.

CASH NOW CORPORATION is developing the absolute most service that is comprehensive the bucks advance industry, using the money Now brand. Due to the fact pioneers within the pay day loan industry, and after vast research and development, Andrea Zecevic CEO, claimed “Cash Now is perfecting the idea of “lending cash until payday”.

Drawing on our knowledge and expertise as lending professionals, we now have developed a great enterprize model that works. The organization began testing a concept that is licensed with corporately operated and jv areas. It has been a success that is unqualified. Today, the pay day loan company is one element of an enormous selection of economic solutions money Now has at its disposal.

Payday advances is among the quickest businesses that are growing, not merely the usa, but Canada, Australia, England, brand brand brand New Zealand, Southern Korea and much more. The advance that is payday ended up being practically non existence in 1990.

One pay day loan team estimates over $25 billion bucks in pay day loan revenue will take place in 2004. 100 million deals will take place.

12 million households would be offered. The Tennessee Department of finance institutions reported to its legislature that licensed lenders that are payday over 30% return on the investment in 1st nine months of appropriate operation.

Stephens analysis, an investment that is well-known forecasts a prospective mature marketplace for 25,000 shops producing $6.75 billion in charges yearly in 2010! We estimate you can find presently 40,000 individuals used in the industry with $1.1 billion in wages compensated by wage advance companies.

Revenue Guide mag recently rated the money Now band of business’s quantity 10 from the 50 quickest growing & most promising companies that are emerging. Our C.E.O. happens to be selected as you of Canada’s top 40 under 40 professionals, because of the world and Mail report on company, Canada’s National company daily paper.

Our top and mid administration staff are believed installment loans in Texas industry visionaries. A lot of them have now been utilized by a number of our top rivals, plus some have actually rated up to the President and C.O.O. Our web site is rated within the top 5% globe top and wide 100 associated with industry. We have been the fastest growing, many e-commerce enabled, content rich portal of our industry (supply Alexa January 2004).

The Cash Now title, logo design and brand understanding is promoted extensively by our I.T. that is full-time staff, who ensure that a few million impressions of this Cash Now manufacturer is served daily.

The money Now brand dominates the industry with 10% click on through price when compared to 2% industry price and our competition average. (supply Google internet search engine April 29/02 to Aug 9/02 monitoring period). Each of this translates to more client appeal for the Licensees.

Things talked about in this news release are “forward-looking statements.” Statements explaining goals or objectives or the organization’s future plans will also be forward-looking statements and therefore are susceptible to particular dangers and uncertainties, such as the performance that is financial of business and market valuations of their stock, that could cause real leads to vary materially from those expected.

Forward-looking statements in this news launch are designed pursuant into the “secure Harbor” conditions of the usa Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements include dangers and uncertainties, including, without limitation, dangers concerning the capacity to shut deals being contemplated, dangers linked to product sales, proceeded acceptance of money Now’s services and products, increased level of competition, technical modifications, reliance upon intellectual home liberties as well as other dangers detailed every so often in money Now’s regular reports filed with all the usa Securities and Exchange Commission as well as other regulatory authorities.

×