FT. LAUDERDALE, Fla.–( COMPANY WIRE )–Nov. 5, 2004–CASH NOW CORPORATION (Pink Sheets:CHNW) went general general public this week, revealing their intends to aggressively pursue growth that is corporate a licensing networking. The organization will focus its efforts to mention its brand new advertising possibility to the general public, making its unique online system of payday advances licences open to business owners.
CASH NOW CORPORATION is developing probably the most service that is comprehensive the bucks advance industry, utilising the money Now brand. While the pioneers when you look at the cash advance 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 produced a good business design 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 pay day loan company is certainly one aspect of an enormous variety of monetary solutions money Now has at its disposal.
Payday advances is just one of the quickest growing companies in, not just the usa, but Canada, Australia, England, New Zealand, Southern Korea and much more. The advance that is payday had been practically non presence in 1990.
One pay day loan team estimates over $25 billion bucks in pay day loan revenue shall take place in 2004. 100 million deals will happen.
12 million households would be served. The Tennessee Department of banking institutions reported to its legislature that licensed payday lenders attained over 30% profits on return in initial nine months of appropriate procedure.
Stephens analysis, a well-known investment banker forecasts a potential mature marketplace for 25,000 shops creating $6.75 billion in costs yearly this season! We estimate you can find currently 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 set of organization’s quantity 10 out from the 50 quickest growing & most promising rising businesses. Our C.E.O. was 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 magazine.
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 internet 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 portal that is rich of industry (supply Alexa January 2004).
The Cash Now title, logo design and name brand understanding is promoted extensively by our full-time I.T. personnel, who ensure direct lender title loans in Missouri that a few million impressions for the money Now manufacturer 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 client appeal for the Licensees.
Things talked about 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 and therefore are at the mercy of specific risks and uncertainties, like the performance that is financial of business and market valuations of the stock, that could cause real leads to differ materially from those expected.
Forward-looking statements in this news launch are manufactured 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 items, increased level of competition, technical modifications, reliance upon intellectual home legal rights along with other dangers detailed every once in awhile in money Now’s periodic reports filed with all the united states of america Securities and Exchange Commission along with other regulatory authorities.