![]() |
| |||||||
| Penny Stocks and Stock Picks Hot Penny Stocks, Momentum Stocks, News Plays, or Chart Reversals...this is the place to call it and post Stock research for Buying Penny Stocks Online. |
![]() |
| | LinkBack | Thread Tools | Search this Thread | Display Modes |
| Sponsored Links |
| | #5 (permalink) |
| Member Join Date: Jul 2006
Posts: 213
![]() | CHNW News Cash Now Corporation (Cash Now) Signs Agreement in Principle to Buy a California-Based Prepaid Debit Card Company LAS VEGAS, Jan 29, 2007 /PRNewswire-FirstCall via COMTEX/ -- Cash Now Corporation (CHNW.PK) Cash Now Corporation - Turnkey payday loan business opportunities - payday loans - cash advance business licensing (Cash Now) Cash Now, a public company engaged in the design, manufacture, marketing and distribution of customized payday loan and check cashing software and white label or private label back end systems, Internet- based payday loans, and other sub prime financial utility tools, today announced that it executed an agreement in principle to acquire California- based company Global Visions Incorporated (Global) for cash and stock. Global is a developer and worldwide wholesale marketer of a new generation of prepaid financial service products and "e-wallet"-type services. Jack Chang, CEO of Global and the co-inventor of the ATM, said, "I see Cash Now as being a well-financed, upwardly mobile and forward-thinking company, with good management and a good advisory team, that has demonstrated revenue, and is in a strong position to expand its market share Internationally. International market expansion is where I can lend tremendous help since I have been working on the international front for the last several years. Moving forward, Jack Chang will maintain an equity position in the company, and will be actively involved in the business and marketing strategies and activities of the ATM side of the business. Cash Now's CEO Garr Winters said, "we have been actively looking for an ATM and prepaid debit card expert to add to our management team for some time now. Our interest is in Mr. Jack Chang rather than the company in which he is a majority shareholder. Cash Now's advisors confirm that Cash Now will, soon after closing the transaction, spin out Global to an unrelated purchaser for an undisclosed sum to be paid in cash. We have been working out the details of this acquisition for several months now as we see a huge upside opportunity in the ATM sector. Mr. Winters added, "the ATM point of sale business was briefly operated by Cash Now several years ago in 2004 and 2005 by its previous management which I'm proud to have been part of. We literally witnessed our revenues skyrocket during that period, and we are looking to duplicate or repeat that process with the assistance and guidance of Mr. Chang. Mr. Chang said there are currently more than 1.5 million ATMs worldwide, but the deployment of ATMs is still in the infancy stage in developing and less-developed countries. Internationally, prepaid products, such as the prepaid debit cards, are rapidly emerging. The next wave following the prepaid debit cards will be the need for payment system devices, such as the ATMs, to acquire the transactions of the prepaid debit cards. Therefore, the strategy is to focus the ATM deployment on the coattail of the International Prepaid Debit Card market, which is virtually untapped and enormous, since more than 5 billion of the 6.4 billion people in the world are "un-banked." |
| | |
| | #6 (permalink) |
| Member Join Date: Aug 2006
Posts: 60
![]() | PR on YAHOO! Press Release Source: Cash Now Corporation Cash Now Announces Engagement with a California Web Based Marketing Company Friday February 23, 4:16 pm ET LAS VEGAS, Feb. 23 /PRNewswire-FirstCall/ - Cash Now Corporation (CHNW.PK) Cash Now Corporation - Turnkey payday loan business opportunities - payday loans - cash advance business licensing (Cash Now), is pleased to announce that it has contracted a California based technology company to develop its next-generation e-commerce and fully interactive "Virtual Salesperson" website. The new website will have full e-commerce capability, and will feature a virtual sales person that will point the end users to all of the services offered by the company. The site will provide a live person portal type service, for the various sub prime financial services, including Forex and other services offered by the company. This will include its products and services such as; - A payday loan license program, Payday Express. - A payday loan and check cashing license known as Check Express. - Its innovative Electronic Wallet called the EM2 (Electronic Money Management). This product is ideal as a powerful payroll tool, allowing employers to issue 'Electronic Wallet' to each employee or even for companies involved in Multi Level Marketing. - Cash Now's upcoming Forex trading platform, which will be marketed directly to active day traders, as well as being available to licensees to offer their high wealth clients access to a sophisticated and transparent trading platform originally designed for institutional investors with accounts greater than $100 Million USD. Garr Winters, Cash Now's CEO, said, "We are very excited about this new initiative. Cash Now has been an industry leader in developing and licensing a full suite of sub-prime financial services. The complexity and sophistication of our website has grown organically as we have added new products and services. It is appropriate to take this opportunity to redesign the site using the latest software and programming techniques. We will continue to transact business as normal on our present site, and execute a running rollover once the new site has been fully programmed and debugged." Winters also added, "We are continuing to target the launch of our Beta test Forex website to be up and running by the end of February. This continues to be our highest priority new product, as we enter the retail Forex trading marketplace which is experiencing geometric growth rates with a product that will target active 'day traders' by offering a true flow-through data feed directly off the Interbank quotation service. We are aiming at having this new site launched in concert with the fully operational Forex platform." About Cash Now Cash Now Corporation, a pioneer in the payday loan 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 locations across the U.S. and Canada, as well as several foreign markets. Additionally, Cash Now'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. 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 Cash Now's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Cash Now's periodic reports filed with the regulatory authorities. -------------------------------------------------------------------------------- Source: Cash Now Corporation |
| | |
![]() |
| Thread Tools | Search this Thread |
| Display Modes | |
| |