FT. LAUDERDALE, Fla.–( COMPANY WIRE )–Nov. 5, 2004–CASH NOW CORPORATION (Pink Sheets:CHNW) went general general general general public this week, exposing their intends to aggressively pursue business development utilizing a licensing networking. The organization will focus its efforts to share its marketing that is new opportunity the general public, making its unique online community of pay day loans licences open to business owners.
CASH NOW CORPORATION is developing the essential service that is comprehensive the cash advance industry, utilising the money Now brand. Since the pioneers into the loan that is payday, and after vast research and development, Andrea Zecevic CEO, reported “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 good enterprize model that actually works. The organization started testing a concept that is licensed with corporately operated and partnership places. It has been a success that is unqualified. Today, the cash advance company is one aspect of an enormous selection of economic solutions money Now has at its disposal.
Pay day loans is amongst the quickest businesses that are growing, not merely america, but Canada, Australia, England, brand New Zealand, Southern Korea and much more. The advance that is payday ended up being virtually non presence in 1990.
One wage advance team estimates over $25 billion bucks in pay day loan revenue will take place in payday loans Missouri 2004. 100 million deals will take place.
12 million households is likely to be offered. The Tennessee Department of banking institutions reported to its legislature that licensed lenders that are payday over 30% profits on return in the 1st nine months of appropriate procedure.
Stephens analysis, an investment that is well-known forecasts a possible mature marketplace for 25,000 shops creating $6.75 billion in charges yearly this present year! We estimate you will 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 bucks Now band of organization’s quantity 10 out from the 50 quickest growing & most promising rising organizations. Our C.E.O. happens to be selected as one of Canada’s top 40 under 40 professionals, because of the world and Mail report on company, Canada’s National company daily magazine.
Our top and mid administration staff are thought industry visionaries. Many of them have already been utilized by a number of our competitors that are top plus some have actually rated because high as the President and C.O.O. Our web site is rated when you look at the top 5% globe top and wide 100 for 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 and name brand understanding is promoted extensively by our I.T. that is full-time staff, who ensure that a few million impressions regarding the money Now name brand is served daily.
The money Now brand dominates the industry with 10% click right through price when compared to 2% industry price and our competition average. (source search that is google April 29/02 to Aug 9/02 monitoring period). Most 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 objectives or even the organization’s future plans may also be forward-looking statements and are usually at the mercy of specific 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 formulated 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 linked to product sales, proceeded acceptance of Cash Now’s services and products, increased level of competition, technical modifications, reliance upon intellectual home liberties along with other risks detailed from time to time in money Now’s regular reports filed using the united states of america Securities and Exchange Commission along with other regulatory authorities.