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 business will focus its efforts to mention its brand new advertising possibility to people, making its unique online community of pay day loans licences offered to business owners.
CASH NOW CORPORATION is developing probably the most comprehensive solution in the bucks advance industry, using 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 specialists, we now have developed a good enterprize model that actually works. The organization started testing an authorized concept nationally with corporately operated and jv areas. It has been an unqualified success. Today, the pay day loan company is certainly one aspect of an enormous selection of monetary solutions Cash Now has at its disposal.
Pay day loans is amongst the quickest businesses that are growing, not just the usa, but Canada, Australia, England, brand brand New Zealand, Southern Korea and much more. The wage advance industry had been practically non presence in 1990.
One wage advance team estimates over $25 billion bucks in pay day loan revenue shall take place in 2004. 100 million deals will happen.
12 million households will likely to be offered. The Tennessee Department of finance 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, an investment that is well-known forecasts a prospective mature marketplace for 25,000 stores creating $6.75 billion in charges yearly this current year! We estimate you can 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 money Now band https://quickpaydayloan.info/payday-loans-de/ of organization’s quantity 10 out from the 50 quickest growing & most promising appearing businesses. Our C.E.O. happens to be selected as you of Canada’s top 40 under 40 professionals, by the world and Mail report on company, Canada’s National company daily magazine.
Our top and management that is mid are believed industry visionaries. Many of them have already been used by a few of our top rivals, plus some have rated because high as the President and C.O.O. Our internet site is rated within the top 5% globe top and wide 100 of this 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 that a few million impressions for the money Now brand is served daily.
The money Now brand dominates the industry with 10% click on 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). Most of this translates to more consumer 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 are forward-looking statements as they are at the mercy of particular dangers and uncertainties, like the economic performance of this business and market valuations of the stock, that could cause real leads to vary 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 concerning the power to shut deals being contemplated, dangers linked to product sales, proceeded acceptance of money Now’s services and products, increased level of competition, technological modifications, reliance upon intellectual home legal rights as well as other dangers detailed every so often in money Now’s periodic reports filed using the usa Securities and Exchange Commission as well as other authorities that are regulatory.