FT. LAUDERDALE, Fla.–( COMPANY WIRE )–Nov. 5, 2004–CASH NOW CORPORATION (Pink Sheets:CHNW) went public this week, exposing their intends to aggressively pursue growth that is corporate 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 offered to business owners.
CASH NOW CORPORATION is developing the absolute most service that is comprehensive the money advance industry, using the money Now brand. Since the pioneers when you look at the loan that is payday, and after vast research and development, Andrea Zecevic CEO, claimed “Cash Now http://www.badcreditloanmart.com/payday-loans-in 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 actually works. The organization started testing a concept that is licensed with corporately operated and jv places. It has been an unqualified success. Today, the cash advance business is one aspect of an enormous assortment of economic solutions money Now has at its disposal.
Payday advances is amongst the quickest growing companies in, not merely the usa, but Canada, Australia, England, brand New Zealand, Southern Korea and much more. The advance that is payday had been practically non presence in 1990.
One wage advance team estimates over $25 billion bucks in wage advance revenue will take place in 2004. 100 million transactions will happen.
12 million households would 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 possible mature marketplace for 25,000 stores 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 magazine recently rated the money Now band of business’s quantity 10 from the 50 quickest growing and most promising companies that are emerging. Our C.E.O. was selected as you of Canada’s top 40 under 40 executives, because of the Globe and Mail report on company, Canada’s National business daily magazine.
Our top and management that is mid are thought industry visionaries. Many of them have now been utilized by several of our top rivals, plus some have actually rated because high as the President and C.O.O. Our site is rated within the top 5% globe wide and top 100 of this industry. Our company is 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 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 rate 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 perhaps the organization’s future plans will also be forward-looking statements consequently they are susceptible to specific dangers and uncertainties, like the monetary performance of this Company 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 capacity to shut deals being contemplated, dangers associated with product product sales, proceeded acceptance of money Now’s items, increased level of competition, technical modifications, reliance on intellectual home legal rights as well as other dangers detailed every so often in money Now’s regular reports filed using the united states of america Securities and Exchange Commission along with other authorities that are regulatory.