Without a doubt about CASH NOW CORPORATION Goes Public
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 growth that is corporate a licensing networking. The business will focus its efforts to mention its marketing that is new opportunity people, making its unique online system of pay day loans licences open to business owners.
CASH NOW CORPORATION is developing the essential service that is comprehensive the bucks advance industry, utilising the money Now brand. Once the pioneers when you look at the loan that is payday, 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 good business structure that works. The business started testing a licensed concept nationally with corporately operated and jv areas. It has been a success that is unqualified. Today, the cash advance company is certainly one element of an enormous variety of economic solutions money Now has at its disposal.
Pay day loans is among the quickest businesses that are growing, not just the usa, but Canada, Australia, England, brand New Zealand www.signaturetitleloans.com/title-loans-ut/, Southern Korea and much more. The pay day loan industry had been practically non presence in 1990.
One pay day loan team estimates over $25 billion bucks in pay day loan revenue will take place in 2004. 100 million transactions 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% return on the investment 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 this current year! We estimate you will find presently 40,000 individuals used in the industry with $1.1 billion in wages compensated by pay day loan companies.
Revenue Guide mag recently rated the bucks Now selection of organization’s quantity 10 from the 50 fastest 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 industry visionaries. Many of them have now been utilized by a number of our competitors that are top 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 portal that is rich of industry (supply Alexa January 2004).
The Cash Now title, logo design and brand understanding is promoted extensively by our full-time I.T. workers, who ensure that a few million impressions associated with the money Now name 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. (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 pr release are “forward-looking statements.” Statements explaining goals or objectives or the organization’s future plans may also be forward-looking statements and therefore are susceptible to particular dangers and uncertainties, like the economic performance for the business and market valuations of the stock, that could cause real leads to vary materially from those expected.
Forward-looking statements in this news release are formulated 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 power to shut deals being contemplated, dangers linked to product product product sales, proceeded acceptance of money Now’s items, increased level of competition, technical modifications, reliance on intellectual home legal rights along with other dangers detailed every so often in money Now’s regular reports filed using the usa Securities and Exchange Commission as well as other regulatory authorities.