We're starting to really fire on all cylinders
Ft. Lauderdale, Fla. (PRWEB) August 25, 2005
Cash Now Corporation (CHNW), a pioneer and continuing leader in the payday loan and check-cashing industry, today announced the opening of a London office Â further expanding the growing Cash Now territory.
"The potential for our business in Europe Â Eastern and Western Europe Â is amazing, and we'll continue looking for prudently aggressive ways to expand in those regions," said Cash Now President Andrea Zecevic.
The Cash Now office in London, U.K., will conduct on line payday loans with through the BOOKING ENGINE through the newly acquired cashnow.co.uk web site, sell software licenses, enabling entrepreneurs in that country to quickly and easily set up payday loan and check-cashing businesses using the highly successful and proven Cash Now turnkey formula. In addition, Cash Now will operate its own Web-based payday loan business in the U.K. market.
"We're starting to really fire on all cylinders," Zecevic added. "The geographic expansion of Cash Now is on-plan, and extremely promising."
Cash Now Corporation also recently announced a major expansion into China and the surrounding region Â a move projected to further bolster Cash Now sales that were already stronger than expected so far in 2005.
The company's geographic expansion will be supported in part by a recently announced $50 million loan from a private Dubai bank. The money will also fuel the company's VISA card program. The two-pronged strategy Â geographic expansion and the issuance of Cash Now branded VISA cards Â is expected to further bolster Cash Now sales, which are already stronger than expected so far in 2005.
ABOUT CASH NOW
Cash Now Corporation (CHNW), 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 companyÂs proven business model includes licensing to corporately operated joint venture locations across the U.S. and Canada. Additionally, Cash NowÂs website is one of the most advanced payday lending portals in existence, offering key insights to clients and potential clients alike Â 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; and a host of related financial services for small and medium-size businesses. Profit Guide magazine recently ranked the Cash Now Group 10th in its list of the 50 fastest growing and most promising emerging companies.
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 United States Securities and Exchange Commission and other regulatory authorities.
Cash Now Corporation
Kevin Price, Toll Free: 1-866-876-2469
Internationally ++ 954 315 0515
Europe & UK 00 447836327176
kprice @ cashnow.com
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