CHNW - recap of recent News...
Aside from developing the most comprehensive menu of services in the cash advance industry, Cash Now is now focusing on the multi-billion dollar online gaming (casino) market... this could be HUGE for the company and shareholders!
Although recent legislation prohibits Americans from using electronic funds transfers, credit cards, and checks in placing bets with gambling sites worldwide; the bill makes no mention of utilizing loans, or securing credit.
Acquiring the 3rd party payment processor, would put CHNW in a position to offer a pay advance service to online casino patrons through it's off shore Cash Now services. Their existing technology and market presence would make this a logical and seemless step forward.
According to the most recent news...
US gamblers make up about one-third of the world's online betters wagering over $637 billion in 2003 alone. Estimates put the value of the American online gaming market around $12 billion in 2005. Worldwide Internet gambling revenue in 2003 was estimated at $5.7 billion on about 1,800 websites, and was projected to triple by 2009, according to the American Gaming Association.
A company spokesman said "As so far as technical issues are concerned we have the capability, and the know how to put this together, we will have to now focus on the logistics of perhaps factoring the casino's receivables, and the legal matters to make this happen".
Friday October 20, 4:00 pm ET
biz.yahoo.com
Cash Now (CHNW) Exploring Acquisition Viability Of A 3rd party payment processor's assets.
Friday October 20, 8:00 am ET
biz.yahoo.com
Cash Now (CHNW) Executes Agreement In Principle To Acquire An ATM Network Enterprise And A Factoring Company
Thursday October 19, 11:57 am ET
biz.yahoo.com
Cash Now (CHNW.PK) Announces The Implementation Of Check21 Into Its Software E5 System
Wednesday October 18, 10:06 am ET
biz.yahoo.com
Cash Now (CHNW) Announces The Purchase And The Launch Of The Loan Consultant.Com Site
Monday October 16, 12:37 pm ET
biz.yahoo.com
Cash Now (CHNW) Announces The Launch Of Its New Web Site and 2 Additional Revenue Streams Models
Thursday October 12, 8:00 am ET
biz.yahoo.com
Cash Now Corporation (CHNW) Announces Shareholders Guidance... We feel the company's potential value is not being reflected in the current share price; therefore, the company plans on purchasing shares of CHNW stock on the open market. We will continue this purchase program, on a time to time basis, in the foreseeable future.
Tuesday October 10, 1:00 pm ET
biz.yahoo.com
Payday loan leader Cash Now, announces the start up of Cash Next Mortgages for Home Buyers, Refinancing, Commercial Construction, and Equity Loans.
Tuesday October 10, 9:30 am ET
biz.yahoo.com
Cash Now Corporation (CHNW) Announces The Launch Of "LEAD PRO" Lead Generation Software
Friday October 6, 3:59 pm ET
biz.yahoo.com
Cash Now Corporation (CHNW.PK) Announces The Launch Of Its "NETCASH" System
Tuesday August 29, 9:00 am ET
biz.yahoo.com
Cash Now Corporation (CHNW.PK) Announces A Business Formulation With a UK Bank To Offer The New Signature Debit "Smart Cards"
Monday August 28, 8:00 am ET
biz.yahoo.com
Cash Now Corporation (CHNW.PK) Announces The Entry Into The Asian and Chinese Sub Prime System Licensing
Friday August 25, 12:07 pm ET
biz.yahoo.com
Cash Now Corporation (CHNW.PK) Announces The Launch of Cash Now Direct Cash Now Corporation
Tuesday August 22, 8:30 am ET
biz.yahoo.com
Cash Now Corporation (CHNW.PK) Vends In The Australia Master Franchisor with 21 Retail Stores
Cash Now Corporation (CHNW.PK), a pioneer in the Internet payday loan and check cashing industry, and 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. Canada Australia and UK. 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.
Cash Now with its web based and focused outlook has won the Golden Web award in 2001, 2002, 2003 and 2005. In 2005 Profit Guide magazine ranked the Cash Now Group 10th in its list of the 50 fastest growing and most promising emerging companies. In 2005 Cash Now was ranked (#)44 out of top 1000 fastest growing franchising companies by Entrepreneur guide. |
