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 the general public, making its unique online system of pay day loans licences offered to business owners.
CASH NOW CORPORATION is developing the essential comprehensive solution in the bucks advance industry, utilising the money Now brand. Given that pioneers into 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 specialists, we’ve developed a great business design that actually works. The business started testing an authorized concept nationally with corporately operated and jv areas. It has been a success that is unqualified. Today, the cash advance company is one aspect of a huge selection of economic solutions money Now has at its disposal.
Pay day loans is among the quickest growing companies in, not just the usa, but Canada, Australia, England, brand New Zealand, Southern Korea and much more. The pay day loan industry ended up being practically non presence in 1990.
One pay day loan team estimates over $25 billion bucks in wage advance revenue shall take place in 2004. 100 million https://badcreditloanmart.com/payday-loans-ga/ deals will happen.
12 million households is supposed to be offered. The Tennessee Department of banking institutions reported to its legislature that licensed payday lenders made over 30% profits on return in the initial 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 costs yearly this present year! 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 mag recently rated the money Now set of business’s quantity 10 out from the 50 quickest 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, by the world and Mail report on company, Canada’s National company daily paper.
Our top and management that is mid are believed industry visionaries. Many of them are used by a number of our top rivals, plus some have actually rated up to the President and C.O.O. Our site is ranked within the top 5% globe wide and top 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 design and manufacturer understanding is promoted extensively by our full-time I.T. staff, who ensure that a few million impressions associated with the money Now manufacturer 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. (source search that is google April 29/02 to Aug 9/02 monitoring period). Each of this translates to more client appeal for our Licensees.
Things talked about in this news release are “forward-looking statements.” Statements explaining goals or objectives or even the organization’s future plans will also be forward-looking statements and tend to be at the mercy of specific dangers and uncertainties, such as the performance that is financial of business and market valuations of the stock, which may cause real leads to vary materially from those expected.
Forward-looking statements in this news launch are formulated pursuant to 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 capability to shut deals being contemplated, dangers associated with product product product sales, proceeded acceptance of money Now’s items, increased level of competition, technical modifications, reliance on intellectual home liberties along with other risks detailed every so often in money Now’s regular reports filed using the usa Securities and Exchange Commission as well as other regulatory authorities.
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