FT. LAUDERDALE, Fla.–( COMPANY WIRE )–Nov. 5, 2004–CASH NOW CORPORATION (Pink Sheets:CHNW) went general general public this week, exposing their intends to aggressively pursue growth that is corporate a licensing networking. The business will focus its efforts to share its new advertising chance to people, making its unique online system of pay day loans licences open to business owners.
CASH NOW CORPORATION is developing the absolute most comprehensive solution in the money advance industry, using the money Now brand. Given that pioneers when you look at the https://www.badcreditloanmart.com/payday-loans-al loan that is payday, and after vast research and development, Andrea Zecevic CEO, claimed “Cash Now is perfecting the thought of “lending cash until payday”.
Drawing on our knowledge and expertise as lending specialists, we now have produced a great business structure that works. The organization started testing a concept that is licensed with corporately operated and jv areas. It has been a success that is unqualified. Today, the pay day loan company is one element of an enormous assortment of monetary solutions money Now has at its disposal.
Payday advances is among the quickest growing organizations in, not just the usa, but Canada, Australia, England, brand New Zealand, Southern Korea and much more. The wage advance industry ended up being 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 deals will take place.
12 million households will likely to be offered. The Tennessee Department of finance 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 costs yearly this season! We estimate you can find presently 40,000 individuals used in the industry with $1.1 billion in wages paid by pay day loan companies.
Revenue Guide mag recently rated the money Now selection of organization’s quantity 10 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, because of the world and Mail report on company, Canada’s National company daily paper.
Our top and mid administration staff are thought industry visionaries. A lot of them have already been utilized by a number of our top rivals, plus some have actually rated because high as the President and C.O.O. Our web site is rated within the top 5% globe top and wide 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 full-time I.T. staff, 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 rate when compared to 2% industry price and our competition average. (source search that is google 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 may also be forward-looking statements as they are at the mercy of particular risks and uncertainties, like the monetary performance associated with the business and market valuations of its stock, which may cause real leads to vary materially from those expected.
Forward-looking statements in this news launch are designed 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 product product sales, proceeded acceptance of money Now’s items, increased competitors, technical modifications, reliance upon intellectual home legal rights as well as other dangers detailed every once in awhile in money Now’s regular reports filed using the united states of america Securities and Exchange Commission as well as other regulatory authorities.