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Cash Now (CHNW) Announces The Purchase And The Launch Of The Loan Consultant.Com Site PR Newswire - October 18, 2006 10:06
FORT LAUDERDALE, FL, Oct 18, 2006 /PRNewswire-FirstCall via COMTEX/ -- Cash Now Corporation (CHNW.PK) www.cashnow.com today announced the launch of it's www.loanconsultant.com site. The www.loanconsultant.com site is being marketed to business minded people and entrepreneurs in the mortgage and finance industry who wish to utilize the backoffice developed by the company. The Cash Next site or www.cashnext.com is geared towards the consumers applying for business loans, mortgages and general credit facilities. The Loan Consultant name says it all exclaims Mr. Garr Winter Cash Now's marketing director. It accurately describes what the product does and the services offered. The domain name because of it's name uniqueness receives a high volume of first time visitors already through search engines such as Yahoo and Google according to the company tracking stats. The company plans on running a national advertising campaign in the months of November and December 2006 for underwriters and loan processors who will have the freedom of working from home utilizing the back office technology of the Cash Next system. In addition the company plans on initially hiring several sales representatives and is expecting to begin generating revenue from the Cash Next and Loan Consultant sites and operations in the first quarter of 2007.
ABOUT CASH NOW
Cash Now Corporation (CHNW.PK), a pioneer in the Internet 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. For instance, the Cash Next Super Broker concept is taking North America by storm! Our team of highly qualified financial executives know what works, and what it takes to place your loan request! Cash Next is backed by a highly experienced team, delivering blue chip solutions for businesses, and consumers. The company's proven business model includes licensing to corporately operated joint venture locations across the U.S., Canada, Australia, and UK. Cash Now offers a Payday Loan License program, Payday Express; a Payday Loan and Check Cashing License known as Check Express and an Authorized Agent Program for existing retail establishments; as well as a host of related financial services for small and medium-size businesses that includes the Cash Next broker program. Cash Now with its web based and focused outlook has won the Golden Web award in 2001, 2002, 2003 and 2005. In 2005 Profit Guide magazine ranked the Cash Now Group 10th in its list of the 50 fastest growing and most promising emerging companies. In 2005 Cash Now was ranked # 44 out of top 1000 fastest growing franchising companies by Entrepreneur guide.
SOURCE Cash Now Corporation
Kevin Price, Cash Now Corporation, Toll Free: (888) 224-9641, e-mail: cashnowcorp*cashnow.com, WWW: http://www.cashnow.com
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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posted
A perfect example of MM's being in control is AXGJ. This stock has nothing to do with anything except when the they are ready. The company can put out all the fluff they want is doesn't matter. FGFC has been buying back shares and the stock did nothing, it went down. It's a pink piggy and 99% are useless. Money Mart dominates this market and and until The CEO here pr's something worth something...it remains a POS. Don't get me wrong it's real close.
Posts: 145 | From: Canada | Registered: Sep 2006
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CHNW will never do that in a million years. This stock will most like top out if you good at tops * .014 to .018 and then get dumped. That's a good move if you have a few million shares. AXGJ type moves are rare. A $200 investment here will be nothing.
Posts: 145 | From: Canada | Registered: Sep 2006
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posted
filled more shares, but with a fat finger. At .0035 Ameritrade offerred me five free trades. I had an standing limit order at .0021 for chwn, but they still accepted an order that I entered CHNW, but meaning to enter another stock. Oh well, I got more shares and $50 worth of trades. Looks like CHNW may never go lower than .003 again.
-------------------- Patience - works best with non-penny stocks Posts: 108 | From: Seattle | Registered: Oct 2005
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posted
may be a waiting game again, hopefully a wait well worth it and with out a negative low tide. I guess if everyone was thinking wait, that is when it would soar.
-------------------- Patience - works best with non-penny stocks Posts: 108 | From: Seattle | Registered: Oct 2005
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quote:Originally posted by The surgeon: It may not reach .008 the way it's trading. Something is wrong here.
If you think that way, you should sell, cut your losses/hold your gains, flip this four letter symbol and move onto the myriad of 3, 4, 5 lettered stocks out there......
Posts: 1134 | Registered: Apr 2003
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posted
When a company puts out PR after PR without movement you better take a closer look at the stock. This is a very hard market to capture and Money Mart among others have the market captured in North America. This is the one of the only POS that hasn't moved even though the company is buying in the open market. POS stocks like CTXI GMSC SLWF GBDX and tons of others with no revenue have made us all lots of money in the last few weeks, Hmmmmm!
Posts: 145 | From: Canada | Registered: Sep 2006
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When a stock thats sells caskets and urns moves in a healthier fashion and a PPS higher than CHNW. It would suggest this that this stock is in a death spiral and needs to put in it's casket. And remember when a company buys in the open market they sell in the open market.
Posts: 145 | From: Canada | Registered: Sep 2006
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posted
Someone sell UBSS some shares poor guy doesn't have any. He just up'd his bid. Okay spread is better lets see.
Posts: 145 | From: Canada | Registered: Sep 2006
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See what happens when I stert *****in things start up. Sometimes it's useful. LOL
Posts: 145 | From: Canada | Registered: Sep 2006
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CHNW NEWS!!!!!!!!!Cash Now (CHNW.PK) Announces The Implementation Of Check21 Into Its Software E5 System
hursday, October 19 2006 11:57 AM, EST
FORT LAUDERDALE, FL , Oct. 19 /PRNewswire-FirstCall/ - Cash Now Corporation (CHNW.PK), www.cashnow.com, today announced the completion and development of "Check 21" into its Payday Express E5 System. The launch date has been set for December 18, 2006 . The Check Clearing for the 21st Century Act (Check 21) was signed into law on October 28, 2003 , and became effective on October 28, 2004 . Check 21 is designed to foster innovation in the payments system and to enhance its efficiency by reducing some of the legal impediments to check truncation. The law facilitates check truncation by creating a new negotiable instrument called a substitute check, which permits banks to truncate original checks, to process check information electronically, and to deliver substitute checks to banks that want to continue receiving paper checks. A substitute check is the legal equivalent of the original check and includes all the information contained on the original check. The law does not require banks to accept checks in electronic form nor does it require banks to use the new authority granted by the Act to create substitute checks. According to the research conducted by the company Cash Now is the only payday loan software system developer that has integrated the Check 21 into its system. The company is looking forward to a robust first sales quarter in 2007 when it plans to contact over 10,000 current payday and check cashing establishments to offer its services. ABOUT CASH NOW Cash Now Corporation (CHNW.PK), a pioneer in the Internet 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. For instance, the Cash Next Super Broker concept is taking North America by storm! Our team of highly qualified financial executives know what works, and what it takes to place your loan request! Cash Next is backed by a highly experienced team, delivering blue chip solutions for businesses, and consumers. The company's proven business model includes licensing to corporately operated joint venture locations across the U.S., Canada , Australia , and UK. Cash Now offers a Payday Loan License program, Payday Express; a Payday Loan and Check Cashing License known as Check Express and an Authorized Agent Program for existing retail establishments; as well as a host of related financial services for small and medium-size businesses that includes the Cash Next broker program. Cash Now with its web based and focused outlook has won the Golden Web award in 2001, 2002, 2003 and 2005. In 2005 Profit Guide magazine ranked the Cash Now Group 10th in its list of the 50 fastest growing and most promising emerging companies. In 2005 Cash Now was ranked # 44 out of top 1000 fastest growing franchising companies by Entrepreneur guide. SOURCE Cash Now Corporation
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Yeah, fantsatic news! I'm not chasing it. LOL Two things happening. They want to run it high and there not doin it until they have enough or It's a POS after all. Simple!
Posts: 145 | From: Canada | Registered: Sep 2006
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I told ya the more I rant the better it gets. I buyin more in the morning just because if those others POS movers like ETIM GMSC CYHD this has got to break and stay above a penny.
Posts: 145 | From: Canada | Registered: Sep 2006
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posted
The volume has picked up (still low though)....This thing has got to move soon.
Posts: 15 | From: Hanford Ca. | Registered: Oct 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Cash Now (CHNW) Executes Agreement In Principle To Acquire An ATM Network Enterprise And A Factoring Company via COMTEX
October 20, 2006
FORT LAUDERDALE, FL, Oct 20, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now) today announced that it has executed an agreement in principle to acquire an ATM enterprise business and a factoring company for an undisclosed sum in cash and stock. Over the next couple of weeks Cash Now management and their advisors will be conducting due diligence on both of these 2 separate private companies, for viability, revenue generation and client base. "The ATM business looks extremely attractive to us," says Kevin Price, Cash Now's CEO. He added, "we have been provided with unaudited statements of this company with sales of over 1.5 million dollars in 2005. This company does not collect interchange fees from the processor and those fees could be substantial to Cash Now's bottom line." Interchange fees paid by merchant-acquiring banks to cardholder-issuing banks are in place to cover the cost to convert a charge on a cardholder's card to a cash deposit at the merchant business checking account, including cost factors like billing services, credit and fraud risk, profit, etc. All payment systems utilize Interchange as a key driving component in forging markets. All card products have Interchange: Discover, American Express, Diners, Debit, and even smart cards. Interchange fees are particularly fundamental with charge cards whose balances are paid in full each month. Interchange is important to a payment system because it facilitates growth. Technology advances have made it easier to implement and manage a wide array of specialized Interchange rates and fees by card type and merchant. New indicators built into the system will allow not just by industry segmentation, but merchant segmentation within an industry.
When asked about the factoring company Mr. Price added "Cash Now is a sub prime lender and this acquisition would open the door for us to service both the B2B and B2C market place. We see factoring as a payday loan transaction for businesses, so it is a natural fit for us" Factoring goes by many names, including invoice discounting, receivables factoring and debtor financing. In simple terms, factoring is a practice wherein one company purchases a debt or invoice from another company. It refers to the acquisition of accounts receivable, which are discounted in order to allow the buyer to make a profit upon collection of monies owed. Factoring transfers ownership of such accounts to another party that then works vigorously to collect the debt.
While factoring may allow the liable party to be relieved of the debt for less than the full amount, it is generally designed to be more beneficial to the factor, or new owner, and the seller of the account than to the debtor. The seller receives working capital, while the buyer is able to make a profit by buying the account for substantially less than what it is worth and then collecting on it. Factoring allows a buyer to purchase such accounts for about 25% to 50% less than what they are actually worth.
ABOUT CASH NOW
Cash Now Corporation (CHNW.PK), a pioneer in the Internet 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. For instance, the Cash Next Super Broker concept is taking North America by storm! Our team of highly qualified financial executives know what works, and what it takes to place your loan request! Cash Next is backed by a highly experienced team, delivering blue chip solutions for businesses, and consumers. The company's proven business model includes licensing to corporately operated joint venture locations across the U.S., Canada, Australia, and UK. Cash Now offers a Payday Loan License program, Payday Express; a Payday Loan and Check Cashing License known as Check Express and an Authorized Agent Program for existing retail establishments; as well as a host of related financial services for small and medium-size businesses this includes the Cash Next broker program. Cash Now with its web based and focused outlook has won the Golden Web award in 2001, 2002, 2003 and 2005. In 2005 Profit Guide magazine ranked the Cash Now Group 10th in its list of the 50 fastest growing and most promising emerging companies. In 2005 Cash Now was ranked (#) 44 out of top 1000 fastest growing franchising companies by Entrepreneur guide.
posted
Dollar TIME!!! This October seems lucky for many in this board. They seem to picking kick ass winners......
Posts: 1134 | Registered: Apr 2003
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This will never come close to a dollar. The news today is not to rewarding due to the fact they will pay with shares. This thing needs to get above .005 soon.
Posts: 145 | From: Canada | Registered: Sep 2006
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