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| Member Join Date: Aug 2006
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| | #22 (permalink) |
| Member Join Date: Aug 2006
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![]() | PR - NEW JV in JAPAN! CHNW (.0012) Announces An Agreement In Principle For A Joint Venture With A Japanese Sub Prime Company to Offer Esprit Services In Japan. Wednesday March 28, 7:00 am ET LAS VEGAS, NV, March 28 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (DBA Cash Now) (CHNW.PK) Cash Now Corporation - Turnkey payday loan business opportunities - payday loans - cash advance business licensing is a public company engaged in the operation and 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. Additionally, the Company is in the late developmental stage of offering an innovative low cost online Introductory Broker (IB) Forex trading system, and has recently acquired leading edge electronic funds transfer (EFT) products that include domestic and International check clearing system being an enhanced version of the current Check21 which the company is marketing under the brand name Cash Now Check 21 together with a prepaid debit and Visa/MasterCard branded cards, as well as on online EFT capabilities under the EM2 brand name. ADVERTISEMENT The staff and management of Esprit are pleased to welcome the arrival of the Japanese lender's key management to it's corporate offices to explore the feasibility towards working together; on a joint venture project basis to offer many of Cash Now's products and services in Japan exclusively. Mr. Winters, Esprit's CEO said, "The sudden unexpected rise in Japanese economy and crisis on mortgage lending market in the USA has created a demand for many of the services offered by Cash Now in the Asian market. We see a huge opportunity in Asia and although this project has been in the works, and negotiations for some months now the timing is just about perfect for both sides. The 2 products highly sought after internationally are the Cash Now 21 and EM2 e-wallet. These are 2 very unique and very industry specific products, which are being made available by Cash Now exclusively. The uniqueness of this product is that because of the Patriot Act the majority of these products offered by many do not work outside of the USA or Internationally. Because of the relationship we have established with a USA and a European bank whom both working in concert are able to offer this service to us as a private reseller, make all of this possible. By default each and every transaction made by any user of the system Cash Now will receive a portion of the fee as a royalty. To us as a company this revenue stream which will avail itself to us in the next 6 to 9 months has the potential of being quite a significant one. I wish to use this opportunity to clarify that these 2 banks which power our Cash Now 21 and EM2 are not the same banks that run the Forex platform which we will be launching April 2 2007." About Esprit Financial Group Inc. Esprit Financial Group Inc, (formerly Cash Now Corporation) 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. The company's proven business model includes licensing to corporately operated locations across the U.S. and Canada, 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. The Company is currently in the process of expanding its product portfolio by bringing a retail Forex trading platform to market, targeted to seasoned day traders. The Beta test site has now been launched, with a full-service roll-out to follow once the platform has been successfully tested. Additionally, the Company's e-wallet product, named EM2 (Electronic Money Management) continues to be developed. This stored value card allows customers to transfer cash value without having to issue checks. Employers can use it to pay employees (of great benefit for hourly workers who may not have a bank account); in multi-level marketing organizations, as well as facilitating electronic fund transfers. |
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![]() | World News! Check this out, chnw making world news Esprit Financial Group Inc. (Esprit) (CHNW.PK) Announces Website Content Undergoing Legal Review Prior to Deployment - Worldnews.com |
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