-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Posted by: PieSky In reply to: None Date:10/22/2006 1:11:32 PM Post #of 785446
CHNW - recap of recent News...
Aside from developing the most comprehensive menu of services in the cash advance industry, Cash Now is now focusing on the multi-billion dollar online gaming (casino) market... this could be HUGE for the company and shareholders!
Although recent legislation prohibits Americans from using electronic funds transfers, credit cards, and checks in placing bets with gambling sites worldwide; the bill makes no mention of utilizing loans, or securing credit.
Acquiring the 3rd party payment processor, would put CHNW in a position to offer a pay advance service to online casino patrons through it's off shore Cash Now services. Their existing technology and market presence would make this a logical and seemless step forward.
According to the most recent news...
US gamblers make up about one-third of the world's online betters wagering over $637 billion in 2003 alone. Estimates put the value of the American online gaming market around $12 billion in 2005. Worldwide Internet gambling revenue in 2003 was estimated at $5.7 billion on about 1,800 websites, and was projected to triple by 2009, according to the American Gaming Association.
A company spokesman said "As so far as technical issues are concerned we have the capability, and the know how to put this together, we will have to now focus on the logistics of perhaps factoring the casino's receivables, and the legal matters to make this happen".
Thursday October 12, 8:00 am ET http://biz.yahoo.com/prnews/061012/to203.html?.v=35 Cash Now Corporation (CHNW) Announces Shareholders Guidance... We feel the company's potential value is not being reflected in the current share price; therefore, the company plans on purchasing shares of CHNW stock on the open market. We will continue this purchase program, on a time to time basis, in the foreseeable future.
Tuesday October 10, 1:00 pm ET http://biz.yahoo.com/prnews/061010/to448.html?.v=6 Payday loan leader Cash Now, announces the start up of Cash Next Mortgages for Home Buyers, Refinancing, Commercial Construction, and Equity Loans.
Tuesday August 29, 9:00 am ET http://biz.yahoo.com/prnews/060829/to228.html?.v=46 Cash Now Corporation (CHNW.PK) Announces A Business Formulation With a UK Bank To Offer The New Signature Debit "Smart Cards"
Cash Now Corporation (CHNW.PK), a pioneer in the Internet payday loan and check cashing industry, and 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. Canada Australia and UK. 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 an Authorized Agent Program for existing retail establishments; and a host of related financial services for small and medium-size businesses.
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.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Posted by: Stock Lobster In reply to: PieSky who wrote msg# 123493 Date:10/22/2006 1:17:09 PM Post #of 123507
CHNW: to process payday loans offshore. The implications of this offshore gaming acquisition is way beyond just the revenue from the acquired company, and that entire online gaming industry (which is huge by itself)
But as you know, there is legislation pending in both the US and Canada, to restrict the pay-day loan business.
However, by processing the loans OFFSHORE by using the same engine for the internet gambling, CHNW will be able to get around these regulations and restrictions.
CHNW already has a software interface advantage, but now gives their users the ability to processs their loan advances entirely on the internet, without the embarassment of face-to-face encounters. Internet application and procesing provides convenience and immediate gratification.
But in addition, the offshore processing puts the company beyond the reach of local legislation.
MORE IMPORTANT: the United States and Canada, are, in effect, HELPING CHNW dominate the payday loan industry in North America, by restraining and regulating CashNow's competitors.
Now THAT'S what I call a hole-in-one!!
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 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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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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10/23/2006 12:30 EDT Cash Now (CHNW) Signs A Memo Of Understanding (MOU) To Acquire A Customer Service Call Centre
FORT LAUDERDALE, FL, Oct. 23 /PRNewswire-FirstCall/ - Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now) today announced that it has executed an MOU to acquire a customer service call centre to service its inbound payday loan and software license sales inquiries. The call centre is currently owned, and operated by a Nevada automotive parts distribution company which was recently taken over in a unrelated transaction. The auto distributor operates the call centre from Toronto, Canada, and maintains its corporate offices in Las Vegas, Nevada, USA. The automotive distributor utilizes the facilities to receive orders from various suppliers throughout North America. The call centre is fully furnished with newly-acquired equipment and partly staffed with management and key staff members of the distributor. Cash Now management is currently exploring the possibility of assuming all of the staff of the distributor. "It is a perfect fit for us corporately," said Mr.Kevin Price Cash Now's CEO. "The payday loan business spikes with new and existing customer needs, just before the Christmas holidays as consumers scramble to obtain funds to meet their Christmas shopping needs. Converting the model from an auto parts customer service to a payday loan one, the company does not foresee many issues or challenges.
"It should be a relatively simple transaction," added Mr. Garr Winter Cash Now's marketing director. He added, "traditionally speaking, our industry goes through a big bounce yet again right after the holidays, as new customers this time look for financing to finance their holiday shopping spree". Cash Now is aiming to have the transaction fully finalized, and the call centre fully operational servicing the Cash Now client base well before the Christmas holiday shopping days begin. Cash Now is also considering relocating its US-based operation from Fort Lauderdale, Florida to Las Vegas, Nevada as well in a cash and stock purchase of the both infrastructures. Cash Now Corporation, also a Nevada company, relocated to Fort Lauderdale in 2004. "The hurricanes of last year (2005) really created chaos and havoc with our business model, with the company being forced to endure 4 separate business interruptions in operations in about a 6 month span. These constant business interruption caused and eroded a lot of our shareholder value of our stock, and this is something that we have not forgotten," added Mr.Price. He added, "it is our vision and aim to root ourselves in a place with far less chances of business interruption in a jurisdiction with more favorable non-usury laws such as Nevada, and the call centre which is eligible for certain government staffing grants in Canada, for companies that create jobs, has the potential to bounce our stock value right back to where it should be in the first place."
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.
SOURCE Cash Now Corporation
CONTACT: Kevin Price, Cash Now Corporation, Toll Free: 1-888-224-9641, e-mail: cashnowcorp*cashnow.com, WWW: http://www.cashnow.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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just picked me up some of CHNW on the dip - good little stock and with great price potential.
Posts: 1220 | From: Denver, CO | Registered: Jun 2005
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this stock is headed for higher ground, folks. Glad I bought it today at.033. too many good things ahead for it not to go higher. also look at the chart, it is a great looking chart.
Posts: 1220 | From: Denver, CO | Registered: Jun 2005
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This is one of the best stocks to be in right now. No questions about that. Easy 0.01 in a few days !!!!
Posts: 1134 | Registered: Apr 2003
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I did not expect this much selling though !!! I am cool. I still have my 2m shares at 0.003. Not worried !!!
Posts: 1134 | Registered: Apr 2003
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I have become so cool to these shakes (this was a violent one though !!!) it makes me apear like a ZEN master ........
Posts: 1134 | Registered: Apr 2003
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