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CHNW time to buy is now IMO!!!!!!!
0.0009(3) * 0.001(3) bid building hang tight
you forgot share buy back
mirror trades all over the place
why not get in CHNW now ?
are you already in CHNW ?
who is following CHNW ? eom
agreed, BUT we really need some buying pressure to kick start our trip to da moon
CHNW big volume watch it go
Number of Shareholders of Record: 500 as of 2007-02-13
http://www.pinksheets.com/quote/company_profile.jsp?symbol=CHNW
Level 2 is changing ...
bid:
0.001 (2)
0.0009 (1)
0.0001 (2)
ask:
0.0011 (1)
0.0012 (1)
0.0013 (2)
...
Maybe the name change is coming tomorrow so they know they have to cover, and by trying to lower bid trying to get people in to selling ?
What do you guys think ?
mirror trades again:
0.0012 340000 OTO 11:33:38
0.0011 340000 OTO 11:33:34
0.0011 100000 OTO 11:33:02
0.0011 100000 OTO 11:31:35
0.0012 100000 OTO 11:31:35
0.001(3) * 0.0012(4)
CHNW ask is getting smacked ... radar it
0.001(4) * 0.0012(3)
UBSS at 0.0013
CHNW/ESPRIT NEWS !!! OMG they are now in Japan also
CHNW/ESPRIT NEWS !!! OMG they are now in Japan also
0.001(4) * 0.0012(3)
could these type of actions mean that mm's are covering ?
also these mirror trades, can anyone point me out to a good explanation somewhere ?
like these:
0.0011 150000 OTO 15:35:48
0.001 150000 OTO 15:35:48
0.0011 50000 OTO 15:32:04
0.0012 50000 OTO 15:32:04
0.0011 50000 OTO 15:04:12
0.0012 50000 OTO 15:04:12
0.001 100000 OTO 15:03:29
0.0011 100000 OTO 15:03:29
0.0011 50000 OTO 15:02:25
0.0012 50000 OTO 15:02:25
0.0011 25000 OTO 14:53:31
0.0012 25000 OTO 14:53:31
anybody in contact with the company ? is something up ?
AAPM up 200% something up ? eom
did anyone found out more on the NAME change ? it can't take much longer now ...
If nobody is buying the CHNW cheapies right now, then they will be chasing it in a few days ...
Han,
Can you give me his email address plz ?
thx
0.001(3) * 0.0011(1)
very strange, they traded at 0.0011 while
L2 is 0.001(3)*0.0012(4)
0.0011 3800000 OTO 11:39:48
0.0011 3000000 OTO 11:38:52
0.0011 3000000 OTO 11:36:40
0.0011 3000000 OTO 11:36:21
I hope nobody will shoot me for asking this, but did anyone had contact with the TA lately to discuss the pending NAME change ?
try buying 4 mill at 0.0003 ... I have a test sell for 4 mill shares at 0.0003 ... see if that works ?
Esprit Financial Group Inc. (Esprit) (CHNW.PK) Announces April 16th, 2007 Closing Date on Acquisition of Global Holdings, Inc. (Global) and Agreement in Principal to Spin Off Non-Core Assets
Tuesday March 27, 7:00 am ET
LAS VEGAS, March 27 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (DBA Cash Now) (CHNW.PK) www.cashnow.com is a public company engaged in the operation and licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. Additionally, the Company is in the late developmental stage of offering an innovative low-cost online Introductory Broker (IB) Forex trading system.
As previously announced on March 6th, 2007, the Company has satisfactorily resolved all of the issues related to its acquisition of Global and is pleased to announce that the deal will officially close on April 16th, 2007, in an all-cash transaction.
In the interim, Global founder Jack Chang, the principal developer of all of Global's products and services, will continue to work for Esprit heading up the Company's Electronic Funds Payment division, and is actively pursuing sales opportunities on behalf of the Company. Many of these opportunities relate to potential clients who have already expressed interest in Global Products. With the backing and support of Cash Now, these can now be pursued and brought to fruition.
Mr. Chang has developed an extensive number of products and service packages since he founded Global in 2002. Importantly, the new division adds four new product offerings to Cash that are at the cutting edge of consumer banking services.
- U.S. Prepaid Debit Cards
- International Prepaid Debit Cards
- EM2 - Electronic Money Management System which is a comprehensive e-
wallet that can manage multiple bank accounts, remit funds worldwide
and provide banking capabilities to consumers who do not actually
have a bank account.
- Check 21 - advanced checking service that can significantly reduce
holdback periods by banking institutions in clearing checks.
Global has also developed or is in the process of developing a number of additional products related to wireless mobile commerce and a variety of loyalty programs and discount services programs built around its prepaid debit and EM2 product platforms.
Significantly, Esprit has an agreement in principle to spin-off Global to a Texas-based Company after the initial acquisition. Esprit will retain a 25% interest in Global upon completion of the sale. Esprit will also retain exclusive licensing rights for the four core products relevant to its operations. It is anticipated that this second transaction will take place within 30 days of closing the Global acquisition, and will provide significant additional funding to Esprit upon closing.
Garr Winters, Esprit CEO explains; "It is not very often that you get a chance in business to have your cake and eat it, too. We have negotiated a very favorable purchase price for Global, and an even better deal to spin it off to another company at significant profit. We will end up with exclusive licensing rights for the core products which were of interest to us, and vend off the remaining assets and corporate shell to a third party at a healthy profit. The net proceeds of that sale will be used to pursue the acquisition of the OTCBB Company we have identified."
Winters added, that "The intangible factor in all this is the tremendous goodwill that Jack Chang brings to Esprit. Mr. Chang is the developer and patent co-holder of the ATM (Automated Teller Machine) and participated in the earliest development and use of magnetic stripe based data on plastic cards, as well as being a pioneer in electronic funds transfer. He has provided services to such prestigious companies as Citibank, Coca-Cola Enterprises, American Express, Sears, Visa, EDS, and NationsBank/Bank of America. His network within the banking industry is invaluable, his reputation impeccable. With the resources of Esprit behind him, we will be able to do some incredible things together."
Winters concluded; "There's an awful lot of meat to digest here. We will be issuing a more complete backgrounder on these corporate developments by mid-April, with another update from myself and our division heads similar to our February 9th recap earlier this year."
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. The company's proven business model includes licensing to corporately operated locations across the U.S. and Canada, as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
The Company is currently in the process of expanding its product portfolio by bringing a retail Forex trading platform to market, targeted to seasoned day traders. The Beta test site has now been launched, with a full-service roll-out to follow once the platform has been successfully tested.
Additionally, the Company's e-wallet product, named EM2 (Electronic Money Management) continues to be developed. This stored value card allows customers to transfer cash value without having to issue checks. Employers can use it to pay employees (of great benefit for hourly workers who may not have a bank account); in multi-level marketing organizations, as well as facilitating electronic fund transfers.
Safe Harbor Statement
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 Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
--------------------------------------------------------------------------------
Source: Esprit Financial Group Inc.
Esprit Financial Group Inc. (Esprit) (CHNW.PK) Announces April 16th, 2007 Closing Date on Acquisition of Global Holdings, Inc. (Global) and Agreement in Principal to Spin Off Non-Core Assets
Tuesday March 27, 7:00 am ET
LAS VEGAS, March 27 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (DBA Cash Now) (CHNW.PK) www.cashnow.com is a public company engaged in the operation and licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. Additionally, the Company is in the late developmental stage of offering an innovative low-cost online Introductory Broker (IB) Forex trading system.
As previously announced on March 6th, 2007, the Company has satisfactorily resolved all of the issues related to its acquisition of Global and is pleased to announce that the deal will officially close on April 16th, 2007, in an all-cash transaction.
In the interim, Global founder Jack Chang, the principal developer of all of Global's products and services, will continue to work for Esprit heading up the Company's Electronic Funds Payment division, and is actively pursuing sales opportunities on behalf of the Company. Many of these opportunities relate to potential clients who have already expressed interest in Global Products. With the backing and support of Cash Now, these can now be pursued and brought to fruition.
Mr. Chang has developed an extensive number of products and service packages since he founded Global in 2002. Importantly, the new division adds four new product offerings to Cash that are at the cutting edge of consumer banking services.
- U.S. Prepaid Debit Cards
- International Prepaid Debit Cards
- EM2 - Electronic Money Management System which is a comprehensive e-
wallet that can manage multiple bank accounts, remit funds worldwide
and provide banking capabilities to consumers who do not actually
have a bank account.
- Check 21 - advanced checking service that can significantly reduce
holdback periods by banking institutions in clearing checks.
Global has also developed or is in the process of developing a number of additional products related to wireless mobile commerce and a variety of loyalty programs and discount services programs built around its prepaid debit and EM2 product platforms.
Significantly, Esprit has an agreement in principle to spin-off Global to a Texas-based Company after the initial acquisition. Esprit will retain a 25% interest in Global upon completion of the sale. Esprit will also retain exclusive licensing rights for the four core products relevant to its operations. It is anticipated that this second transaction will take place within 30 days of closing the Global acquisition, and will provide significant additional funding to Esprit upon closing.
Garr Winters, Esprit CEO explains; "It is not very often that you get a chance in business to have your cake and eat it, too. We have negotiated a very favorable purchase price for Global, and an even better deal to spin it off to another company at significant profit. We will end up with exclusive licensing rights for the core products which were of interest to us, and vend off the remaining assets and corporate shell to a third party at a healthy profit. The net proceeds of that sale will be used to pursue the acquisition of the OTCBB Company we have identified."
Winters added, that "The intangible factor in all this is the tremendous goodwill that Jack Chang brings to Esprit. Mr. Chang is the developer and patent co-holder of the ATM (Automated Teller Machine) and participated in the earliest development and use of magnetic stripe based data on plastic cards, as well as being a pioneer in electronic funds transfer. He has provided services to such prestigious companies as Citibank, Coca-Cola Enterprises, American Express, Sears, Visa, EDS, and NationsBank/Bank of America. His network within the banking industry is invaluable, his reputation impeccable. With the resources of Esprit behind him, we will be able to do some incredible things together."
Winters concluded; "There's an awful lot of meat to digest here. We will be issuing a more complete backgrounder on these corporate developments by mid-April, with another update from myself and our division heads similar to our February 9th recap earlier this year."
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. The company's proven business model includes licensing to corporately operated locations across the U.S. and Canada, as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
The Company is currently in the process of expanding its product portfolio by bringing a retail Forex trading platform to market, targeted to seasoned day traders. The Beta test site has now been launched, with a full-service roll-out to follow once the platform has been successfully tested.
Additionally, the Company's e-wallet product, named EM2 (Electronic Money Management) continues to be developed. This stored value card allows customers to transfer cash value without having to issue checks. Employers can use it to pay employees (of great benefit for hourly workers who may not have a bank account); in multi-level marketing organizations, as well as facilitating electronic fund transfers.
Safe Harbor Statement
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 Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
--------------------------------------------------------------------------------
Source: Esprit Financial Group Inc.
Esprit Financial Group Inc. (Esprit) (CHNW.PK) Announces April 16th, 2007 Closing Date on Acquisition of Global Holdings, Inc. (Global) and Agreement in Principal to Spin Off Non-Core Assets
Tuesday March 27, 7:00 am ET
LAS VEGAS, March 27 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (DBA Cash Now) (CHNW.PK) www.cashnow.com is a public company engaged in the operation and licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. Additionally, the Company is in the late developmental stage of offering an innovative low-cost online Introductory Broker (IB) Forex trading system.
As previously announced on March 6th, 2007, the Company has satisfactorily resolved all of the issues related to its acquisition of Global and is pleased to announce that the deal will officially close on April 16th, 2007, in an all-cash transaction.
In the interim, Global founder Jack Chang, the principal developer of all of Global's products and services, will continue to work for Esprit heading up the Company's Electronic Funds Payment division, and is actively pursuing sales opportunities on behalf of the Company. Many of these opportunities relate to potential clients who have already expressed interest in Global Products. With the backing and support of Cash Now, these can now be pursued and brought to fruition.
Mr. Chang has developed an extensive number of products and service packages since he founded Global in 2002. Importantly, the new division adds four new product offerings to Cash that are at the cutting edge of consumer banking services.
- U.S. Prepaid Debit Cards
- International Prepaid Debit Cards
- EM2 - Electronic Money Management System which is a comprehensive e-
wallet that can manage multiple bank accounts, remit funds worldwide
and provide banking capabilities to consumers who do not actually
have a bank account.
- Check 21 - advanced checking service that can significantly reduce
holdback periods by banking institutions in clearing checks.
Global has also developed or is in the process of developing a number of additional products related to wireless mobile commerce and a variety of loyalty programs and discount services programs built around its prepaid debit and EM2 product platforms.
Significantly, Esprit has an agreement in principle to spin-off Global to a Texas-based Company after the initial acquisition. Esprit will retain a 25% interest in Global upon completion of the sale. Esprit will also retain exclusive licensing rights for the four core products relevant to its operations. It is anticipated that this second transaction will take place within 30 days of closing the Global acquisition, and will provide significant additional funding to Esprit upon closing.
Garr Winters, Esprit CEO explains; "It is not very often that you get a chance in business to have your cake and eat it, too. We have negotiated a very favorable purchase price for Global, and an even better deal to spin it off to another company at significant profit. We will end up with exclusive licensing rights for the core products which were of interest to us, and vend off the remaining assets and corporate shell to a third party at a healthy profit. The net proceeds of that sale will be used to pursue the acquisition of the OTCBB Company we have identified."
Winters added, that "The intangible factor in all this is the tremendous goodwill that Jack Chang brings to Esprit. Mr. Chang is the developer and patent co-holder of the ATM (Automated Teller Machine) and participated in the earliest development and use of magnetic stripe based data on plastic cards, as well as being a pioneer in electronic funds transfer. He has provided services to such prestigious companies as Citibank, Coca-Cola Enterprises, American Express, Sears, Visa, EDS, and NationsBank/Bank of America. His network within the banking industry is invaluable, his reputation impeccable. With the resources of Esprit behind him, we will be able to do some incredible things together."
Winters concluded; "There's an awful lot of meat to digest here. We will be issuing a more complete backgrounder on these corporate developments by mid-April, with another update from myself and our division heads similar to our February 9th recap earlier this year."
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. The company's proven business model includes licensing to corporately operated locations across the U.S. and Canada, as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
The Company is currently in the process of expanding its product portfolio by bringing a retail Forex trading platform to market, targeted to seasoned day traders. The Beta test site has now been launched, with a full-service roll-out to follow once the platform has been successfully tested.
Additionally, the Company's e-wallet product, named EM2 (Electronic Money Management) continues to be developed. This stored value card allows customers to transfer cash value without having to issue checks. Employers can use it to pay employees (of great benefit for hourly workers who may not have a bank account); in multi-level marketing organizations, as well as facilitating electronic fund transfers.
Safe Harbor Statement
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 Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
--------------------------------------------------------------------------------
Source: Esprit Financial Group Inc.
I will not say it can't bounce a little, because if you've followed the past few weeks you would've noticed it did bounce.
pre split this was at 0.0001, it did a 1 for every 500 shares reverse split ... (post-split=>0.0001*500=0.05) and if I'm not mistaken it never opened at or even touched 0.05 since
You also need to know this company has a lot of Convertible Debentures, still left to be converted ...
The R/S happened because of the CD's in the first place
CD's diluted the O/S, maxed out at 10 billion which was A/S so R/S was inevitable ...
DO YOUR DD, also search for info on "DDSI - Digital Descriptor Systems, Inc", because that was their old name ...
ASVN used to be DDSI ... do some DD
it recently had a R/S
they want to keep it below 0.0012, only buying pressure will get us beyond 0.0012 ...
I have a sell order in for 4 mill shares at 0.0003 ... anybody want to try to buy them ?
AXGJ 0.0001 x 0.0002 had news today ... radar it
AXGJ 0.0001 x 0.0002 had news today ... radar it
CHNW Identifies Candidate OTCBB Company for Merger or Acquisition
Monday March 26, 8:00 am ET
Las Vegas, NV, March 26 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (DBA Cash Now) (CHNW.PK) www.cashnow.com is a public company engaged in the operation and licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. Additionally, the Company is in the late developmental stage of offering an innovative low cost online Introductory Broker (IB) Forex trading system, and has recently acquired leading edge electronic funds transfer (EFT) products that include domestic and international prepaid debit and Visa/MasterCard branded cards, as well as on online EFT capabilities under the EM2 brand name.
ADVERTISEMENT
As previously announced on March 19th, 2007, the Company has retained a financial consultancy to identify opportunities to move up to the OTCBB. Today, Esprit is pleased to announce that a suitable company has been identified. This is an existing operating OTCBB company that is currently trading and is current on all of its filings. Moreover it has certain assets that may benefit Esprit in its business activities moving forward. Esprit will be conducting a due diligence process over the next few weeks prior to making a formal offer, which is planned to be on an all-cash basis.
The OTC Bulletin Board is a regulated quotation service in the United States, owned by the NASD, for stocks which are not listed on one of the major U.S. stock exchanges. It displays real-time quotes, last-sale prices and volume information in over-the-counter (OTC) equity securities. The OTC Bulletin board is home only to fully reporting companies. This factor ensures that the OTCBB a much safer place to trade for small investors in small and micro-cap companies.
Garr Winters, Esprit CEO explains: "As previously mentioned, the key objectives are to maximize shareholder value, and work in a more regulated environment in order to limit stock manipulation by short-sellers. As a fully reporting Company, there will be less room for distortion and speculation regarding corporate activities."
Winters added: "We feel the timing is right to move up to the OTCBB. We are building a very sound foundation for Internet delivered financial services and related activities. Our new operating divisions demonstrate exciting potential growth opportunities. We need to be able to scale up operations quickly, as these new and potentially very significant revenue streams come online in the near term."
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. The company's proven business model includes licensing to corporately operated locations across the U.S. and Canada, as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
The Company is currently in the process of expanding its product portfolio by bringing a retail Forex trading platform to market, targeted to seasoned day traders. The Beta test site has now been launched, with a full-service roll-out to follow once the platform has been successfully tested.
Additionally, the Company's e-wallet product, named EM2 (Electronic Money Management) continues to be developed. This stored value card allows customers to transfer cash value without having to issue checks. Employers can use it to pay employees (of great benefit for hourly workers who may not have a bank account); in multi-level marketing organizations, as well as facilitating electronic fund transfers.
Safe Harbor Statement
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 Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
--------------------------------------------------------------------------------
Source: Esprit Financial Group Inc.
CHNW Identifies Candidate OTCBB Company for Merger or Acquisition
Monday March 26, 8:00 am ET
Las Vegas, NV, March 26 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (DBA Cash Now) (CHNW.PK) www.cashnow.com is a public company engaged in the operation and licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. Additionally, the Company is in the late developmental stage of offering an innovative low cost online Introductory Broker (IB) Forex trading system, and has recently acquired leading edge electronic funds transfer (EFT) products that include domestic and international prepaid debit and Visa/MasterCard branded cards, as well as on online EFT capabilities under the EM2 brand name.
ADVERTISEMENT
As previously announced on March 19th, 2007, the Company has retained a financial consultancy to identify opportunities to move up to the OTCBB. Today, Esprit is pleased to announce that a suitable company has been identified. This is an existing operating OTCBB company that is currently trading and is current on all of its filings. Moreover it has certain assets that may benefit Esprit in its business activities moving forward. Esprit will be conducting a due diligence process over the next few weeks prior to making a formal offer, which is planned to be on an all-cash basis.
The OTC Bulletin Board is a regulated quotation service in the United States, owned by the NASD, for stocks which are not listed on one of the major U.S. stock exchanges. It displays real-time quotes, last-sale prices and volume information in over-the-counter (OTC) equity securities. The OTC Bulletin board is home only to fully reporting companies. This factor ensures that the OTCBB a much safer place to trade for small investors in small and micro-cap companies.
Garr Winters, Esprit CEO explains: "As previously mentioned, the key objectives are to maximize shareholder value, and work in a more regulated environment in order to limit stock manipulation by short-sellers. As a fully reporting Company, there will be less room for distortion and speculation regarding corporate activities."
Winters added: "We feel the timing is right to move up to the OTCBB. We are building a very sound foundation for Internet delivered financial services and related activities. Our new operating divisions demonstrate exciting potential growth opportunities. We need to be able to scale up operations quickly, as these new and potentially very significant revenue streams come online in the near term."
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. The company's proven business model includes licensing to corporately operated locations across the U.S. and Canada, as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
The Company is currently in the process of expanding its product portfolio by bringing a retail Forex trading platform to market, targeted to seasoned day traders. The Beta test site has now been launched, with a full-service roll-out to follow once the platform has been successfully tested.
Additionally, the Company's e-wallet product, named EM2 (Electronic Money Management) continues to be developed. This stored value card allows customers to transfer cash value without having to issue checks. Employers can use it to pay employees (of great benefit for hourly workers who may not have a bank account); in multi-level marketing organizations, as well as facilitating electronic fund transfers.
Safe Harbor Statement
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 Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
--------------------------------------------------------------------------------
Source: Esprit Financial Group Inc.
NEWS !!!!!!
Esprit Financial Group Inc. (Esprit) (CHNW.PK) Identifies Candidate OTCBB Company for Merger or Acquisition
Monday March 26, 8:00 am ET
Las Vegas, NV, March 26 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (DBA Cash Now) (CHNW.PK) www.cashnow.com is a public company engaged in the operation and licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. Additionally, the Company is in the late developmental stage of offering an innovative low cost online Introductory Broker (IB) Forex trading system, and has recently acquired leading edge electronic funds transfer (EFT) products that include domestic and international prepaid debit and Visa/MasterCard branded cards, as well as on online EFT capabilities under the EM2 brand name.
ADVERTISEMENT
As previously announced on March 19th, 2007, the Company has retained a financial consultancy to identify opportunities to move up to the OTCBB. Today, Esprit is pleased to announce that a suitable company has been identified. This is an existing operating OTCBB company that is currently trading and is current on all of its filings. Moreover it has certain assets that may benefit Esprit in its business activities moving forward. Esprit will be conducting a due diligence process over the next few weeks prior to making a formal offer, which is planned to be on an all-cash basis.
The OTC Bulletin Board is a regulated quotation service in the United States, owned by the NASD, for stocks which are not listed on one of the major U.S. stock exchanges. It displays real-time quotes, last-sale prices and volume information in over-the-counter (OTC) equity securities. The OTC Bulletin board is home only to fully reporting companies. This factor ensures that the OTCBB a much safer place to trade for small investors in small and micro-cap companies.
Garr Winters, Esprit CEO explains: "As previously mentioned, the key objectives are to maximize shareholder value, and work in a more regulated environment in order to limit stock manipulation by short-sellers. As a fully reporting Company, there will be less room for distortion and speculation regarding corporate activities."
Winters added: "We feel the timing is right to move up to the OTCBB. We are building a very sound foundation for Internet delivered financial services and related activities. Our new operating divisions demonstrate exciting potential growth opportunities. We need to be able to scale up operations quickly, as these new and potentially very significant revenue streams come online in the near term."
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. The company's proven business model includes licensing to corporately operated locations across the U.S. and Canada, as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
The Company is currently in the process of expanding its product portfolio by bringing a retail Forex trading platform to market, targeted to seasoned day traders. The Beta test site has now been launched, with a full-service roll-out to follow once the platform has been successfully tested.
Additionally, the Company's e-wallet product, named EM2 (Electronic Money Management) continues to be developed. This stored value card allows customers to transfer cash value without having to issue checks. Employers can use it to pay employees (of great benefit for hourly workers who may not have a bank account); in multi-level marketing organizations, as well as facilitating electronic fund transfers.
Safe Harbor Statement
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 Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
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Source: Esprit Financial Group Inc.