FT. LAUDERDALE, Fla.–( BUSINESS 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 marketing that is new opportunity the general public, making its unique online community of pay day loans licences open to business owners.
CASH NOW CORPORATION is developing the absolute most service that is comprehensive the money advance industry, using the money Now brand. Whilst the pioneers when you look at the pay day loan industry, 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 business structure that actually works. The business started testing an authorized concept nationally with corporately operated and partnership places. It has been an unqualified success. Today, the pay day loan business is one element of a vast assortment of monetary solutions money Now has at its disposal.
Pay day loans is amongst the quickest businesses that are growing, not just the United States, 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 pay day loan team estimates over $25 billion bucks in wage advance revenue will take place in 2004. 100 million deals will happen.
12 million households will 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 present year! We estimate you can find presently 40,000 https://badcreditloanmart.com/payday-loans-ak/ individuals utilized in the industry with $1.1 billion in wages compensated by wage advance companies.
Revenue Guide mag recently rated the money Now number of business’s quantity 10 out from the 50 quickest growing & most promising companies that are emerging. Our C.E.O. was nominated 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 management that is mid are thought industry visionaries. A lot of them have now been utilized by a few of our top rivals, plus some have actually rated up to the President and C.O.O. Our web site is rated when you look at the top 5% globe wide and top 100 for the industry. Our company is the fastest growing, many e-commerce enabled, content rich portal of our industry (supply Alexa January 2004).
The Cash Now name, logo design and brand understanding is promoted extensively by our I.T. that is full-time staff, who ensure that a few million impressions for the money Now name brand is served daily.
The money Now brand dominates the industry with 10% click right through price when compared to 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 news release are “forward-looking statements.” Statements explaining goals or objectives or perhaps the organization’s future plans will also be forward-looking statements and are also at the mercy of specific dangers and uncertainties, like the economic performance associated with the business and market valuations of its stock, that could cause real leads to vary materially from those expected.
Forward-looking statements in this news launch were created 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 capability to shut deals being contemplated, dangers associated with product product sales, proceeded acceptance of money Now’s products, increased competitors, technical modifications, reliance on intellectual home legal rights as well as other dangers detailed every so often in money Now’s regular reports filed with all the united states of america Securities and Exchange Commission along with other authorities that are regulatory.