FT. LAUDERDALE, Fla.—( COMPANY WIRE )—Nov. 5, 2004—CASH NOW CORPORATION (Pink Sheets:CHNW) went 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 accessible to business owners.
CASH NOW CORPORATION is developing the absolute most comprehensive solution in the money advance industry, utilising the money Now brand. While the pioneers into the loan that is payday, and after vast research and development, Andrea Zecevic CEO, claimed «Cash Now is perfecting the thought of «lending cash until payday».
Drawing on our knowledge and expertise as lending specialists, we now have developed a great business design that actually works. The business started testing a concept that is licensed with corporately operated and partnership places. It has been a success that is unqualified. Today, the pay day loan business is one aspect of a massive variety of economic solutions money Now has at its disposal.
Pay day loans is among the quickest businesses that are growing, not merely the United States, but Canada, Australia, England, brand brand New Zealand, Southern Korea and much more. The advance that is payday ended up being practically non presence in 1990.
One wage advance team estimates over $25 billion bucks in wage advance revenue will take place in 2004. 100 million deals will take place.
12 million households would be offered. The Tennessee Department of banking institutions reported to its legislature that licensed payday lenders gained over 30% profits on return in the 1st nine months of appropriate procedure.
Stephens analysis, a well-known investment banker forecasts a possible mature marketplace for 25,000 shops creating $6.75 billion in costs yearly this current year! We estimate you can find presently 40,000 individuals utilized in the industry with $1.1 billion in wages compensated by wage advance companies.
Revenue Guide mag recently rated the bucks Now number of business’s quantity 10 from the 50 quickest growing & most promising rising businesses. Our C.E.O. happens to be selected as one of Canada’s top 40 under 40 professionals, by the world and Mail report on company, Canada’s National company daily paper.
Our top and management that is mid are thought industry visionaries. A lot of them have already been utilized by a few of our top rivals, plus some have actually rated because high as the President and C.O.O. Our 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 name brand understanding is promoted extensively by our I.T. that is full-time staff, who ensure that a few million impressions for the money Now name brand 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 https://online-loan.org 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 pr release are «forward-looking statements.» Statements explaining goals or goals or the organization’s future plans will also be forward-looking statements and they are susceptible to particular dangers and uncertainties, like the economic performance of this business and market valuations of its stock, which may cause real leads to differ materially from those expected.
Forward-looking statements in this news launch are created pursuant towards 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 regarding the power to shut deals being contemplated, dangers associated with product sales, proceeded acceptance of money Now’s services and products, increased level of competition, technical changes, reliance upon intellectual property legal rights along with other dangers detailed every once in awhile in money Now’s regular reports filed with all the united states of america Securities and Exchange Commission along with other regulatory authorities.
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