Cash Now Corporation (OTC: CHNW), a pioneer and
continuing leader in the payday loan and check-cashing industry, today
announced that its London office is further expanding the growing Cash Now
European territory.
"The potential for our business in Europe -- Eastern and Western Europe --
is amazing, and we'll continue looking for prudently aggressive ways to
expand in this regions," said Cash Now C.E.O. and President Kevin Price.
The Cash Now office in London, UK, will conduct online payday loans through
the BOOKING ENGINE through the chnw.com website, selling 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 UK market.
"We're starting to really fire on all cylinders," Mr. Price 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 -- move projected to further bolster Cash Now
sales that were already stronger then expected in 2005.
The company's geographic expansion will be supported in part by a recently
announced $50 million loan from the private Dubai bank. The money will also
fuel the company's VISA card program. The two-pronged strategy --
geographic expansion and issuance of Cash Now branded VISA cards -- is
expected to further bolster Cash Now sales, which are stronger then
expected so far in 2005.
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