FORT LAUDERDALE, Fla., Nov. 16, 2005 (PRIMEZONE) -- Cash Now Corporation (Pink Sheets:CHNW), a pioneer and continuing leader in the payday loan industry, announces the appointment of a new CEO and president, Mr. Kevin S. Price. Mr. Kevin S. Price replaces the current CEO, Miro Zecevic, and his wife, Andrea Zecevic, who served as the president with the company. Mr. Price comes to Cash Now with a background in investment banking. Cash Now will continue to offer licensing of its technology and developed vendor relationships; however, in moving forward, more emphasis will be placed on the actual "sale of loans" rather than the "sale of the technology," which Cash Now has been doing so far said Mr. Price. We see a huge upward growth curve for Cash Now in the coming months.
Cash Now enables companies to get into the payday loan business at a fraction of the cost while protecting themselves, as much as possible, against potential financial losses. To that end, Cash Now offers a payday loan license program known as Payday Express, as well as a payday loan and a check-cashing license known as Check Express.
Cash Now Background
Cash Now Corporation, a pioneer in the payday loan 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 operate joint venture locations across the U.S. and Canada. Additionally, Cash Now's Web site is the most advanced payday-lending portal, offering key insight clients and potential clients alike. Cash Now offers a payday loan license program, Payday Express; and a payday loan and check cashing license known as Check Express. Profit Guide magazine recently ranked the Cash Now Group 10th in its list of the 50 fastest growing and most promising emerging companies.
Information in this press release contains "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.
For more information about Cash Now Corporation and opportunities associated with Cash Now see http://www.cashnow.com