posted
FORT LAUDERDALE, FL, Aug. 22 /PRNewswire-FirstCall/ - Cash Now Corporation (Cash Now) announces that it has completed the 100% takeover of our Australian and New Zealand Master Franchisee. Cash Now Pty Ltd has operated in Australia for 3 years and has experienced outstanding growth in the Payday Loan and Cheque Cashing franchise market with 21 stores now using the Cash Now system.
The growth prospects for this market are outstanding with less than 100 stores of this type operating in a market in Australia and New Zealand of around 24 million population.
Australia has adopted this style of lending with enthusiasm and Cash Now is perfectly placed for the next stage of this growth. Whilst the industry in the US and Canada is extremely large, Australian and NZ is in its infancy. John Falting Cash Now's President of Cash Now Pty Ltd adds we have been pioneers in educating the market, and look forward to a long and established Payday Lending and Cheque Cashing development in a market that is ripe for this product.
The royalties licence and franchise fees generated from this growth will form a major revenue stream for Cash Now Corporation over the next five to ten years.
ABOUT CASH NOW
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. and Canada 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.
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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1. Can you tell me the amount of authorized shares, outstanding, > restricted and the float?..................... Authorized is about > 550mill restricted is about 250 mill the float is about 60-70 mill > 2. Do you plan on adding more shares to the > market?.................. they just did as they are on a hunt to buy > other companies and have 4-6 in the hopper now > 3. What were gross sales last year?....................... 3 million > 4. Have you retained financing yet?..................... no totally > debt free > 5. How many employees do you have?............... 8 full 6 part I > listened to the interview on Wallstreet.net. The CEO mentioned the > stock could not go any lower. I got this excerpt off your webpage... > > Once contact is made with the company You may qualify to invest in > the Cash Now Payday's Private Placementopportunity. In summary with > our shares trading in the $.05 per share, Cash Now Payday is, for > a limited time only, offering discounted restricted shares at $.025 > per share. These shares are restricted from trading for a period of > one year. After 1 year you are free to sell them and capitalize on > any gains. Obviously there are more details then this and those > details may be made available to qualified individuals. > > Since this time, the stock has retraced to a .01 ask price. Do you > know of any reasons to cause this?........................... there > are a couple of competitors (big boys) that are buying high and > selling low. we know this for a fact. its a small cap so $5-$7,000 > trade will play havoc on the whole company. the principals are more > focused on running the company then stock watch. they keep saying > just run the business do sales and the rest will take care of itself
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Thanks, J_uice for the news. I posted it last Friday in Hot Stocks for all. The MMs pulled the pps down by a factor of 6 in the last two weeks. So they may play with it soon.
posted
So is this restriction after you buy or is there an actual date it gets lifted? Looking and has some promise.
Posts: 147 | From: NY | Registered: Aug 2006
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posted
Anytime Jim. I wish I would have looked over there this weekend I got in yesterday looking for a bounce and added some on the news this morning. Looks like it should move Good call Jim
quote:Originally posted by JimSC: Thanks, J_uice for the news. I posted it last Friday in Hot Stocks for all. The MMs pulled the pps down by a factor of 6 in the last two weeks. So they may play with it soon.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Volume, no dept, cash, regular news, a real service helping people in need of short term money and a low buy-in point. Did I say cash! . . .I'm going to Australia - I hope (smiling) I have been wrong many times when dollar signs have clouded my eyes. . .regardless, I like this stock. Accumulating. Let us see everyone make some money!
-------------------- Patience - works best with non-penny stocks Posts: 108 | From: Seattle | Registered: Oct 2005
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posted
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.
The company was ranked #10 (top 50) in Canada by profit magazine as the fastest growing company in 2005. It was also ranked #44 by Enterepreneur magazine (top 1000 franchises)
Company Notes: Address: 1007 N. Federal Highway #275 Ft. Lauderdale, FL 33304 Phone: 888-224-9641 Fax: 866-687-5865
Head Office: 23 Leigh St., Adelaide, SA, Australia 5000. Head Office Phone #: 618 8410 2274
Transfer Agent: Heritage Trust, Toronto, ON M5H 1B6
Latest PR
Cash Now announces the launch of its B2B Retail industry specific check cashing software, for the Casino industry. Wednesday August 9, 4:00 pm ET
FT. LAUDERDALE, FL, Aug. 9 /PRNewswire-FirstCall/ - 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. ADVERTISEMENT
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.
-------------------- 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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posted
How long is this restriction/discount period going to last? Yea Juice, this was a fun day with this stock. Just wondering, would that factor into as to why this stock has practically no limit or bottom? Definitely in it and definitely want to see this go back to where it was a year ago.
Posts: 147 | From: NY | Registered: Aug 2006
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posted
I'm not sure but I will find some answers got caught up inACTC today. I'll be happy if it goes back to where it was a few weeks ago
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by bksundar: It should be renamed is "CASH NO" instead of "CASH NOW"
LOL not showing much life now
-------------------- 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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posted
I am in too, but it reminds me of 2002 - My stocks were tanking but I was holding - INSP, CORV etc etc
Posts: 1134 | Registered: Apr 2003
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quote:Originally posted by playtime: got some *.0021 only about 100 bucks worth big spender just a lotto ticket
I'm trying to do rge same
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
I try not to post anything negative. Negative post are best ignored, and sometimes just frustrate. Having said that If there is one more staircase step down tomorrow I'm going to do my best to get out, end of day, then watch closely for another buy opp. I believe this stock is going to jump, the question is - When?
-------------------- Patience - works best with non-penny stocks Posts: 108 | From: Seattle | Registered: Oct 2005
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If there is one more staircase step down tomorrow I'm going to do my best to get out, end of day, then watch closely for another buy opp. I believe this stock is going to jump, the question is - When?
