Cash Now announces the launch of its B2B Retail industry specific check cashing software, for the Casino industry.
Ft. Lauderdale, Fla.--(BUSINESS WIRE) August 7 2006, - Cash Now Corporation (Symbol CHNW) announces plans to launch the industry specific check cashing software, for the Casino industry on August 28 2006 . The company had successfully implemented and monitored the performance of it's 1st BETA Casino check cashing software which it deployed in June of 2005. The software was deployed in a north western USA Casino offering a resort type year-round gaming and resort paradise. The casino with its non-stop gaming action adds round-the-clock fun for every grownup visiting the establishment and has pushed the Cash Now retail capabilities to new heights.
Vern Khosla the chief Cash Now enterprise developer has said "The software has performed flawlessly, and we are very proud of its performance". Kevin Price the Cash Now CEO sees a huge growth and demand for the product which should add and open up another vertical market for the Cash Now revenue stream. To the best of our knowledge and research we are the only company that has successfully developed and deployed this industry specific solution. For the customer it represents convenience and for our client it means immediate conversion. The company sees this solution as a is a win win situation for both the consumers and the Cash Now client.
ABOUT CASH NOW Cash Now Corporation (CHNW.PK), a pioneer in the payday loan and check cashing industry, is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand. The company's proven business model includes licensing to corporately operated joint venture locations across the U.S. UK Australia and Canada. Additionally, Cash Now's website is one of the most advanced payday lending portals in existence, offering key insights to clients and potential clients alike - as well as the ability to complete payday loans on-line, via a phone call or in person. Cash Now offers a Payday Loan License program, Payday Express; a Payday Loan and Check Cashing License known as Check Express; and a host of related financial services for small and medium-size businesses.
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Outstanding Shares: 245,770,250 as of 2006-06-16 Authorized Shares: 550,000,000 as of 2006-06-16 Float: 245,000,000 as of 2006-06-16
Liked that it was .09 in eraly July, taken down by a factor of 10 in a month, pretty aggressive. Hit a 52 week low today, one source says .009 the other .0095, why argue over .0005.
Has been thinly traded, getting some volume lately.
Like that it is in an oversold condition.
Last financials 12/05, look like crap, but what penny's doesn't. I discount fundementals for these quick penny plays, none are an investment.
Filed a 15G 05/06, eliminating their filing requirements, easier for them to raise capital through dilution, harder for us to see.
The numbers look good, but it is a risky pink. Possible bounce, don't know how much, .025 / .028 not out of the question, but I would think less for now.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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Incorporated in Nevada, the company has a Florida address, but the TA is a trust company in Toronto Canada. I have a personal model to stay away from Canadian stock Especially in the PK's. I agree with will for close to a possible .03 if they get some good news going. PR's fluff it to keep it rolling.
And the girl talking on the web site... not a 1-900 girl that's for sure. LMAO
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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