FT. LAUDERDALE, Fla.–( COMPANY WIRE )–Nov. 5, 2004–CASH NOW CORPORATION (Pink Sheets:CHNW) went general general general public this week, exposing their intends to aggressively pursue growth that is corporate a licensing networking. The business will focus its efforts to mention its brand new advertising chance to 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, utilising the money Now brand. While the pioneers within 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 professionals, we now have developed a great business structure that actually works. The business began testing a concept that is licensed with corporately operated and jv areas. It has been an unqualified success. Today, the cash advance company is one aspect of a vast variety of monetary solutions money Now has at its disposal.
Pay day loans is among the quickest growing organizations in, not just the usa, 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 pay day loan team estimates over $25 billion bucks in wage advance revenue shall take place in 2004. 100 million deals will take place.
12 million households will soon be offered. The Tennessee Department of finance quickpaydayloan.info/payday-loans-al institutions reported to its legislature that licensed payday lenders made 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 producing $6.75 billion in charges yearly in 2010! We estimate you will find presently 40,000 individuals utilized in the industry with $1.1 billion in wages compensated by pay day loan companies.
Revenue Guide mag recently rated the money Now selection of business’s quantity 10 out from the 50 quickest growing & most promising companies that are emerging. Our C.E.O. is nominated as you 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 now been utilized by several of our competitors that are top plus some have actually rated because high as the President and C.O.O. Our site is rated when you look at the top 5% globe wide and top 100 regarding the industry. We have been the fastest growing, many e-commerce enabled, content portal that is rich of 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 regarding the Cash Now brand is served daily.
The money Now brand dominates the industry with 10% click right through price set alongside the 2% industry price and our competition average. (source search that is google April 29/02 to Aug 9/02 monitoring period). Every one of this translates to more consumer appeal for our Licensees.
Things discussed in this pr release are “forward-looking statements.” Statements explaining goals or objectives or the organization’s future plans will also be forward-looking statements consequently they are susceptible to specific dangers and uncertainties, like the performance that is financial of business and market valuations of the stock, which may cause real leads to vary materially from those expected.
Forward-looking statements in this news launch are manufactured 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 associated with the capacity to shut deals being contemplated, risks linked to product sales, proceeded acceptance of money Now’s items, increased competitors, technical modifications, reliance on intellectual home legal rights as well as other risks detailed every so often in money Now’s periodic reports filed using the united states of america Securities and Exchange Commission along with other regulatory authorities.