posted
Press Release Source: Esprit Financial Group
Esprit Financial Group Inc. (Esprit) (CHNW.PK) Announces Successful Launch of New Forex Website Thursday April 5, 6:00 am ET
LAS VEGAS, NV, April 5 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (CHNW.PK) www.espritfinancialgroup.com is pleased to announce that it has received several hundred sign-ups for Forex demo trading and live trading during the first 2 days of operation. Many of these were received via direct email, while others use the submission form at the cashnow.com website. ADVERTISEMENT
The Company is making some minor administrative modifications in conjunction with Advanced Markets, Inc. primarily in the administrative back office reporting area. However, the site (www.cashnow.com) has operated up to all expectations during this first week of live trading, with no reports of system problems.
Esprit's webmaster will be tracking traffic for analysis in conjunction with Advanced Markets throughout the remainder of the week, and will provide additional updates early next week.
In other news, the Company has developed a mirror website with completely revamped graphics. It will be launched over the long weekend, at www.lowpips.com. This will be an autonomous website. As the Forex trading program rolls out, the Company is evaluating offering sub-IB accounts within the 'Biz-Opps' community as a mid-term business growth model. The Company will provide fully functional trading websites, along with advanced Search Engine Optimization (SEO) to qualifying candidates.
Garr Winters, Esprit CEO concludes that: "This launch week has met our every expectation from a technical and sales perspective. We purposely started without aggressive marketing, to allow for a shakeout period. We now feel confident in the system, and will step up the online marketing support to drive traffic to the site. With the launch of the second website, we will be able to capture a broader audience responding to a completely different look and feel from a graphics point of view. This will also be very effective as a tool to optimize SEO marketing initiatives."
About Esprit Financial Group Inc.
Esprit Financial Group Inc., (formerly Cash Now Corporation) is a public company engaged in a diversified number of online financial services.
Payday Loans: The Company is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. Operations include licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market, under the Cash Now banner. The company's proven business model comprises operations in the U.S. and Canadian markets as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
Forex: Additionally, the Company's Forex Trading division offers an innovative low-cost online Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious day traders. All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbank market. Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.
Advanced Electronic Funds Management: The Company's Advanced Electronic Funds Management (AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduce holdback periods by banking institutions, particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and providing banking capabilities to consumers without requiring that they have a bank account.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
-------------------------------------------------------------------------------- Source: Esprit Financial Group
Posts: 157 | From: pa, usa | Registered: Oct 2006
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posted
Hey jimbo...I get up at 4 AM while I am working in this God forsaken place. I didnt set the alarm and still woke up at 4. I was none to happy. lol. the hangover didnt help either. LOL. Now on to the new Esprit... that fluff pr stuff needs to stop. HOLY COW! Give us some substance or stfu until you do. I still have this but when I see crap like this it just doesnt sit well with me. Oh well, the market is always contrary to the way I feel so we will probably go TO DA MOOOOONNNNN! sorry had to say it. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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ZeroCool - you posted that they have backing from Wachovia - how do you know that? And, are you saying a backer in the form of a loan, or backer in that they are invested in the company in other ways?
ZeroCool - you posted that they have backing from Wachovia - how do you know that? And, are you saying a backer in the form of a loan, or backer in that they are invested in the company in other ways?
that link indicates they have an account with wachovia, thats way different than "backing" LOL!!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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wachovia backing- as in- they have arranged financing for this expansion through wachovia-- in what way? i haven't been able to find out. But from my experience- it makes economic sense that they would be buying back shares- waaaay too much in the float. In order to accomplish goals they have been pr'in- they absolutely have to tighten up financials-(in order to obtain underwriting)If it was pre-loan; we would have seen a whole different chnw to this point. as it stands- i believe it was an investment deal/operations restructuring--required to close it. With probably hundreds of conditions. I can say with most certainty, "besides profit- i think raising pps is no. 1 prority" I think that is a requirement for the financing- w/target prices over next 3 yrs.
any thoughts? I have been on here for over a year now, and just recently decided to post my opinions. In that time I have followed the post- and I have found about 10 or so people I have come to appreciate and respect, you are one of them. thank you
pump n' dump is like collecting cans- any idiot can do it- i'm not an idiot(i hope,lol)
Just want to clarify what I said about "Wachovia backing". Wachovia is a financial powerhouse! Wachovia has ton's of subsidiaries. You could say they have an extremely diverified portfolio. I love this bank- they love the Benjamin's. I live in an area where Wachovia is investing HUGE amounts for urban renewal, business development, civil renewal. As for my posting's concerning them and CHNW- I tend to shortcut...just giving the most pertinent info and conclusion's, leaving the static details out.
Also, I have a few analysis, that are used for intangible aspects of research. That being said- the "statistical probability" of CHNW in a financing relationship with Wachovia is "82%" also confirmed by my "coffee grounds"-(i hate tea. too)lol
quote:Originally posted by ZeroCool: dude- that's hilarious!
Just want to clarify what I said about "Wachovia backing". Wachovia is a financial powerhouse! Wachovia has ton's of subsidiaries. You could say they have an extremely diverified portfolio. I love this bank- they love the Benjamin's. I live in an area where Wachovia is investing HUGE amounts for urban renewal, business development, civil renewal. As for my posting's concerning them and CHNW- I tend to shortcut...just giving the most pertinent info and conclusion's, leaving the static details out.
Also, I have a few analysis, that are used for intangible aspects of research. That being said- the "statistical probability" of CHNW in a financing relationship with Wachovia is "82%" also confirmed by my "coffee grounds"-(i hate tea. too)lol
Why do you pump like that dude? 82% chance of Wachovia being a backer, based on your cofee grounds. Dude, that is complete B.S., it's clearly a 74% chance, everyone can see that. We don't need you coming around here and trying to build false expectations for this compan.............. hold up, my bad, apparently I was looking at decaf grounds. After I recalculate using the known decaf multiplier, your right on. Good form my boy, good form
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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posted
News for 'CHNW' - (Esprit Financial Group Inc. (Esprit) (CHNW.PK) Announces Agreement With Japanese Company to Market Advanced Electronic Funds Management Products)
LAS VEGAS, NV, April 9, 2007 /PRNewswire-FirstCall via COMTEX/ -- EspritFinancialGroup Inc. (ESPRIT) (formerly Cash Now Corporation) (CHNW.PK) www.espritfinancialgroup.com is pleased to announce an Agreement in Principlewitha Japanese company regarding the marketing of products from Esprit's Advanced Electronic Funds Management (AEFM) division.This announcement comes on the heels of a recent deal with another Japanesecompanyto establish a chain of Payday loan outlets along the coast of southern California using Esprit's proprietary software and expertise from its PaydayLoanDivision.
This new agreement pertains to the Company's EM2 and 'Cash Now 21' products, andisthe first significant business deal for the Company's new AEFM division headed by Jack Chang, one of the original inventors of the ATM machine.As previously announced, the 'Cash Now 21' service is based on U.S. Federal Lawunderthe Check Clearing for the 21st Century Act, which defines an approved methodology on how financial institutions can expedite check clearing usingadvancedelectronic methods. Under this new system, digital images of the front and back of a check are created, capturing all of the information digitally,thentransmitted via secured internet connection to a check 21 bank/processor and directly to the Federal Reserve System. The Federal Reserve System thenforwardsdata to the Paying Bank.
Checks drawn on a U.S. Account for deposit in international markets usually takeweeksto clear. Esprit's Cash Now 21 reduces the clearance time to a mere 3 business days or less. For foreign markets such as Japan that have significantfundsflow back and forth from the U.S., this becomes an invaluable asset. Esprit is believed to be the first non-financial institution to offer thisservice,based on relationships with international banks that have been developed over the last decade or more.The Division's EM2 product is a very sophisticated solution that enables electronic transfer of funds within the International arena, with tremendousflexibilityand capability. EM2 (Electronic Money Management) Electronic Wallet is essentially an online banking and checking account accessible to both bankedandunbanked customers. This can be linked, when appropriate, with prepaid debitorVisa branded credit cards, to allow retail transactions in international markets.EM2 provides a proprietary, leading edge infrastructure for international moneytransfersproviding advanced encryption techniques for security, while facilitating the rapid transfer of funds between countries. Funds can betransferredin a wide variety of ways, depending on customer requirements. These include: - E-wallet to E-wallet transfers
- EM2 transfers to debit cards, prepaid Visa cards, etc. - Transfer of funds through Esprit's integrated Proprietary Network
covering 190 countries. Access to this network costs less than current bank wire transfers or SWIFT international bank transfers.
- E-checks are available and these electronic checks are cleared through existing Automated Clearing House processors.
- Wire Transfer can be accommodated via Fedwire. - Access to the SWIFT international wire transfer network allows
transfers from bank account to bank account, covering roughly 8,000 banks in 206 countries and territories worldwide.
- Traditional Checks can be drawn from an e-wallet account. - EM2 E-wallets can be loaded globally from existing bank accounts.
Garr Winters, Esprit CEO, commented that; "Our Advanced Electronic FundsTransferdivision is developing at break net speed. We have been in conversations with our Japanese client for many months now. With Jack Chang onboard,we're ready to start closing deals. This past couple of weeks, we have been fortunate enough to develop 2 different Japanese deals from 2 separatedivisions.However, this is not the only international market being developed. We hope to have some announcements in South America within the next few weeks.""Jack has done an amazing job developing the software, infrastructure and relationships with multiple international banks to make EM2 a reality. Thebottomline is that we are first movers in international finance to offer the ultimate combination of extensive flexibility, capability, high speedtransactionexecution and lower user costs to market sectors that have traditionally been underserved. This refers to retail customers, small andmid-capcompanies, and companies with specialized funds transfer needs such as payroll for foreign workers and Multi-Level Marketing organizations."Winters added; "We will be providing additional information on the products andservicesoffered by the AEFM division in the near future. However, we have the happy circumstance of 'gathering low-hanging fruit' from deals that have beenunderquiet development in the background, and are ready to close."
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public companyengagedin a diversified number of online financial services.
PayDay Loans: The Company is a pioneer in the payday loan industry, andcontinuesto develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services.Operationsinclude licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems forthesub prime market, under the Cash Now banner. The company's proven business model comprises operations in the U.S. and Canadian markets as well as severalforeignmarkets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clientsalike.Forex: Additionally, the Company's Forex Trading division offers an innovativelow-costonline Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious daytraders.All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbankmarket.Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.Advanced Electronic Funds Management: The Company's Advanced Electronic FundsManagement(AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduced holdback periods by bankinginstitutions,particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capableofmanaging multiple bank accounts, remitting funds worldwide and provide banking capabilities to consumers without requiring that they have a bankaccount.Information in this press release may contain 'forward-looking statements.'Statementsdescribing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, includingthefinancial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated.Forward-lookingstatements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Actof1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to theabilityto close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels ofcompetition,technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodicreportsfiled with the regulatory authorities.
SOURCE Esprit Financial GroupCONTACT: Esprit Financial Group Inc., cashnowcorp*cashnow.com
Posts: 1086 | Registered: Oct 2005
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Esprit Financial Group Inc. (Esprit) (CHNW.PK) Announces Agreement With Japanese Company to Market Advanced Electronic Funds Management Products Monday April 9, 8:00 am ET
LAS VEGAS, NV, April 9 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (CHNW.PK) www.espritfinancialgroup.com is pleased to announce an Agreement in Principle with a Japanese company regarding the marketing of products from Esprit's Advanced Electronic Funds Management (AEFM) division.
This announcement comes on the heels of a recent deal with another Japanese company to establish a chain of Payday loan outlets along the coast of southern California using Esprit's proprietary software and expertise from its Payday Loan Division.
This new agreement pertains to the Company's EM2 and 'Cash Now 21' products, and is the first significant business deal for the Company's new AEFM division headed by Jack Chang, one of the original inventors of the ATM machine.
As previously announced, the 'Cash Now 21' service is based on U.S. Federal Law under the Check Clearing for the 21st Century Act, which defines an approved methodology on how financial institutions can expedite check clearing using advanced electronic methods. Under this new system, digital images of the front and back of a check are created, capturing all of the information digitally, then transmitted via secured internet connection to a check 21 bank/processor and directly to the Federal Reserve System. The Federal Reserve System then forwards data to the Paying Bank.
Checks drawn on a U.S. Account for deposit in international markets usually take weeks to clear. Esprit's Cash Now 21 reduces the clearance time to a mere 3 business days or less. For foreign markets such as Japan that have significant funds flow back and forth from the U.S., this becomes an invaluable asset. Esprit is believed to be the first non-financial institution to offer this service, based on relationships with international banks that have been developed over the last decade or more.
The Division's EM2 product is a very sophisticated solution that enables electronic transfer of funds within the International arena, with tremendous flexibility and capability. EM2 (Electronic Money Management) Electronic Wallet is essentially an online banking and checking account accessible to both banked and unbanked customers. This can be linked, when appropriate, with prepaid debit or Visa branded credit cards, to allow retail transactions in international markets.
EM2 provides a proprietary, leading edge infrastructure for international money transfers providing advanced encryption techniques for security, while facilitating the rapid transfer of funds between countries. Funds can be transferred in a wide variety of ways, depending on customer requirements. These include:
- E-wallet to E-wallet transfers - EM2 transfers to debit cards, prepaid Visa cards, etc. - Transfer of funds through Esprit's integrated Proprietary Network covering 190 countries. Access to this network costs less than current bank wire transfers or SWIFT international bank transfers. - E-checks are available and these electronic checks are cleared through existing Automated Clearing House processors. - Wire Transfer can be accommodated via Fedwire. - Access to the SWIFT international wire transfer network allows transfers from bank account to bank account, covering roughly 8,000 banks in 206 countries and territories worldwide. - Traditional Checks can be drawn from an e-wallet account. - EM2 E-wallets can be loaded globally from existing bank accounts.
Garr Winters, Esprit CEO, commented that; "Our Advanced Electronic Funds Transfer division is developing at break net speed. We have been in conversations with our Japanese client for many months now. With Jack Chang on board, we're ready to start closing deals. This past couple of weeks, we have been fortunate enough to develop 2 different Japanese deals from 2 separate divisions. However, this is not the only international market being developed. We hope to have some announcements in South America within the next few weeks."
"Jack has done an amazing job developing the software, infrastructure and relationships with multiple international banks to make EM2 a reality. The bottom line is that we are first movers in international finance to offer the ultimate combination of extensive flexibility, capability, high speed transaction execution and lower user costs to market sectors that have traditionally been underserved. This refers to retail customers, small and mid-cap companies, and companies with specialized funds transfer needs such as payroll for foreign workers and Multi-Level Marketing organizations."
Winters added; "We will be providing additional information on the products and services offered by the AEFM division in the near future. However, we have the happy circumstance of 'gathering low-hanging fruit' from deals that have been under quiet development in the background, and are ready to close."
About Esprit Financial Group Inc. Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public company engaged in a diversified number of online financial services.
PayDay Loans: The Company is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. Operations include licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market, under the Cash Now banner. The company's proven business model comprises operations in the U.S. and Canadian markets as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
Forex: Additionally, the Company's Forex Trading division offers an innovative low-cost online Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious day traders. All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbank market. Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.
Advanced Electronic Funds Management: The Company's Advanced Electronic Funds Management (AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduced holdback periods by banking institutions, particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and provide banking capabilities to consumers without requiring that they have a bank account.
Posts: 134 | Registered: Dec 2006
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posted
I'll reload if we get down to .0007 or .0008, but I think name change will happen before we get any lower
Posts: 263 | Registered: Feb 2007
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posted
HUGE CHNW NEWS coming tomorrow is the rumor.. grab you a starter while you can.. am adding here!
Posts: 134 | Registered: Dec 2006
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posted
The only only thing we are missing with this is someone saying "get on board this thing is going to go through the roof don't miss the bus" - ok i said it.
Posts: 1086 | Registered: Oct 2005
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quote:Originally posted by mindspin311: I agree. Coffee grounds never lie
LOL, I have to use the coffee ground method myself. I have way to many kids to have crystal balls, LMAO. Sorry if that offended anyone but it was right there for the taking
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
| IP: Logged |
quote:Originally posted by ZeroCool: dude- that's hilarious!
Just want to clarify what I said about "Wachovia backing". Wachovia is a financial powerhouse! Wachovia has ton's of subsidiaries. You could say they have an extremely diverified portfolio. I love this bank- they love the Benjamin's. I live in an area where Wachovia is investing HUGE amounts for urban renewal, business development, civil renewal. As for my posting's concerning them and CHNW- I tend to shortcut...just giving the most pertinent info and conclusion's, leaving the static details out.
Also, I have a few analysis, that are used for intangible aspects of research. That being said- the "statistical probability" of CHNW in a financing relationship with Wachovia is "82%" also confirmed by my "coffee grounds"-(i hate tea. too)lol
Why do you pump like that dude? 82% chance of Wachovia being a backer, based on your cofee grounds. Dude, that is complete B.S., it's clearly a 74% chance, everyone can see that. We don't need you coming around here and trying to build false expectations for this compan.............. hold up, my bad, apparently I was looking at decaf grounds. After I recalculate using the known decaf multiplier, your right on. Good form my boy, good form
That's funny, and ya know I can't just say 100%, I have not used the decaf multiplier- still learning.lol
Are you in deep?
I'm into my waist.
July is what i'm waiting for- after the PR about the buyback, I see at least .01 maybe a little more. I take my capital off the table, and farm the rest.
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