Ft. Lauderdale, FL (PRWEB) August 26, 2005
Cash Now Corporation, (Pink Sheets: CHNW) The payday loan business on line is booming, says Andrea Zecevic, Cash NowÂs President, and COO. The Internet offers consumers the privacy and the safety of applying for a loan on line. Industry growth from predominantly stand-alone check cashing storefronts has been fueled largely by the Internet and savvy, new marketing techniques, made available by companies such as Cash Now.
Behind the success of many of the new breed of payday loan lenders is the Florida based payday loan lead generation and software system licensed by Cash Now Corp (http://www.cashnow.com). Payday loan companies are quickly realizing that the marketing solutions offered by Cash Now to generate new borrowers for their cash advance products are more cost effective and productive than using their own systems.
Zecevic says ÂWeÂre providing a behind-the-scenes "back office" department for our payday lending clients. Processing 10-20 loans a day with the traditional "off the shelf" software requiring the use of pen and paper is one thing, however processing 10o to 1000 loans a day takes a more robust solution offered by Cash Now. Not only have we been able to slash our licensees marketing and operating costs through our proprietary on-line methods, but weÂve dramatically increased their bottom line. Borrowers arenÂt complaining. Consumers praise the ease of qualifying and the speed of acquiring cash they cannot get from Âtraditional pen and paperÂ lenders.
For more information on these offerings, visit http://www.cashnow.com or call 1-866-876-2469 (CHNW).
About Cash Now
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., Australia, UK 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 an Authorized Agent Program for existing retail establishments; 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.
Cash Now Corporation
Kevin Price, Investor Relations
Toll Free: 1-866-876-2469 (CHNW)
International ++ 954-315-0515
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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.