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FT. LAUDERDALE, Fla.–( COMPANY WIRE )–Nov. 5, 2004–CASH NOW CORPORATION (Pink Sheets:CHNW) went general general general public this week, exposing their intends to aggressively pursue growth that is corporate a licensing networking. The organization will focus its efforts to mention its marketing that is new opportunity the general public, making its unique online community of pay day loans licences offered to business owners.
CASH NOW CORPORATION is developing probably the most comprehensive solution in the money advance industry, utilising the money Now brand. While the pioneers when you look at the cash advance industry, and after vast research and development, Andrea Zecevic CEO, claimed “Cash Now is perfecting the idea of “lending cash until payday”.
Drawing on our knowledge and expertise as lending professionals, we now have developed a good business structure that actually works. The business started testing a concept that is licensed with corporately operated and partnership areas. It has been an unqualified success. Today, the cash advance company is one aspect of a huge selection of economic solutions money Now has at its disposal.
Payday advances is among the quickest businesses that are growing, not just america, but Canada, Australia, England, brand New Zealand, South Korea and much more. The wage advance industry ended up being virtually non presence in 1990.
One wage advance group estimates over $25 billion bucks in wage advance revenue shall take place in 2004. 100 million deals will take place.
12 million households is likely to be offered. The Tennessee Department of banking institutions reported to its legislature that licensed payday lenders gained over 30% return on the investment in initial nine months of appropriate procedure.
Stephens analysis, a well-known investment banker forecasts a possible mature marketplace for 25,000 shops producing $6.75 billion in costs yearly in 2010! We estimate you can find presently 40,000 individuals utilized in the industry with $1.1 billion in wages compensated by wage advance companies. […]