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Until then we sit and watch flippers play there games thats the way pinkies are. Most are in pinks to flip.
IMO one of three events must take place to significantly move EFGO higher and in a sustainable manner. 1. Favorable Audited financial. 2. A cash dividend announced and paid. 3. A share buyback and significant reduction of the A/S and O/S. I want to see the money. It is nice to hear about a contract or the development of a web page and to keep us informed. But “Show me the Money.” this is what will make EFGO move. This is a long play at this point. If Garr can pull this off we longs will be rewarded. I think EFGO can and will.
Posted in Uncategorized, Investor Relations at 11:30 am
First question on townhall forem
QUESTION: When will you be releasing quarterly financial statements? Will they be audited, and if not, why?
RESPONSE: We will be releasing our quarterlies by May 15th, but most likely before.
At this point, it is not practical to release audited statements. Our financial data from last year disappeared along with our auditor. Subsequently, we were not able to file audited statements and became a non-reporting Company. Our first quarter financials will not reflect any of the new revenue streams being created with our new operating divisions.
Our financial data from last year disappeared, wtf
thanks
is the os 484 mil?
Press Release Source: Esprit Financial Group
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Open Letter to Shareholders
Wednesday April 18, 11:45 am ET
LAS VEGAS, April 18 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com CEO Garr Winters provides update on Corporate activities in open letter to Shareholders;
April 17th was a roller coaster ride, with over 200 million shares
traded. The price per share was all over the map. Now that I'm back at
the hotel, I wanted to take a few minutes to discuss the status of our
plans, and where we are taking this Company.
First and foremost, I think we have developed enough of a track record to
establish that we are not selling hype, or creating some "pump and dump"
scenario. My compensation, as well as other senior management, is tied to
long term performance via restricted shares. Our goal line is still nine
months + away, and by that time, we expect to have a rock solid Company
with several complimentary revenue streams and bottom line profitability.
We are making prudent and calculated strategic moves to lay a solid
foundation for growth. But I know of no business where you can simply
'add water' and instantly have a new business division firing on all
cylinders. We are holding the course, and following through diligently on
sound business decisions based on potential ROI. Period.
Days like yesterday happen occasionally. There was tremendous volume, and
despite extreme downward pressure, the PPS did not cave. It may be
traders who wanted to flip stock as soon as the new ticker symbol worked
through the system. A significant chunk of restricted stock moved over to
free trading. The MMs may or may not be manipulating the market. Frankly,
it's not important. Our job is to build a profitable company that will go
the distance. One day of crazy trading doesn't change our focus.
Short term PPS can fluctuate at times, but even with a close at .0010,
the PPS has increased ten fold in less than three months. So yes, some
shareholders may get skittish, and take profits on a day like yesterday.
The point is, we are not in business on a day to day basis. Our planning
horizon is from 3 months to a year in most of our divisions.
More importantly, we are making excellent progress towards our goals.
However, patience is required as we build out the infrastructure and
operating procedures for our various divisions.
I'm down in Texas working with Jack Chang to set up relationships with
partners that know and value the quality of his credentials. His network
provides access to excellent suppliers and strategic partners with whom
we can pick up a phone and begin discussing business on a credible basis
without extensive due diligence regarding our Company. Does that
translate to instant revenue - absolutely not. If shareholders are
expecting an announcement that we have locked up a multi-million dollar
deal within the next week or so, that's a little naive. Major deals do
not happen that quickly.
Is there a reason that we are not sharing names and revenue projections
at this stage? Absolutely. We are committed to a transparent program to
keep our shareholders in the loop, but never in a foolhardy or
unrealistic manner. We are holding back information on programs until
they become real, and have a strong likelihood of success. In the short
term, that means putting business relationship in place on the strategic
partner/supplier side. As far as whether there are business contracts
waiting to close once our business foundation is properly completed, I
can only say that we have very interested parties pushing us to become
fully operational so that we can handle their business.
But, and this is important, rushing through the process prematurely does
not serve any of our stakeholder interests. A slap dash agreement just to
put numbers on the board is not good business. We want long term
customers. We want referrals. We want an excellent reputation in our
chosen business sectors. In short - we are building credibility. We do
what we say, we say what we do.
As most of our shareholders know, we have tried to be very transparent
since I came on board in January of this year. We have been very busy
beavers broadening our product and service portfolio into strategic,
complimentary areas. There has been a lot of information to share, but
perhaps some unrealistic expectations have taken root.
So, a quick recap:
Our Payday Loan division: There are new license agreements being
negotiated for multiple locations, from previously announced Japanese
clients to smaller domestic multi-store locations. Software is being
revamped, and will be redesigned to handle foreign currencies with ease,
opening up many new international markets.
The Forex division is young. Yet our website is fully functional. We are
waiting for a couple of software modifications (mods) before rolling out
mirror sites, with the next one ready to be released as of this date.
Once completed, we will begin an online and offline marketing programs to
generate traffic and new accounts. There are plans to diversify
vertically, but these need some discussion and additional strategic
analysis. Forex trading is in a very dramatic phase of change. We will be
careful to proceed in the best way possible, after due analysis of
options and negotiations with potential acquisitions or development of
our own resources.
The AEFM division is very new, having just completed all of the requisite
conditions for the acquisition. Jack and I are wasting no time putting
key relationships in place to support the various products and services.
I will be able to provide a better time line and expectations after the
round of meetings this week. What I can say is that Jack can pick up the
phone and get through to anyone we have needed to talk to. This
tremendous amount of credibility and Goodwill is not reflected in our
financials at this stage. The value of being able to skip through the
first 6 months of back and forth, is the difference between a market
leader versus second or third in with a 'me too' product.
Our structured debt settlement services have garnered interest from
several serious potential accounts. At this point, there's nothing to
report in terms of revenue. We are going to redevelop our software
platform to accommodate this type of transaction, and must still develop
rate cards and billing policies. We're a couple of months from beta
testing. Do we feel we have a winner? Emphatically! Timing of new revenue
streams - not likely for another 120 days.
We will continue to provide information, even if there are no revenue
numbers or projections we can comfortably share. Let's remember that when
Xerox invented the photocopier, they considered the market so small and
highly specialized that it was hardly worth the bother. We can project
impressive numbers all we like. It may keep investors excited - but not
for long. As I mentioned in the beginning, we are holding the course. We
feel we are doing the right things to build true shareholder value. I'm
prepared to have my performance judged in the longer term, when we
provide realistic projections that we deliver in the real world.
A final word of thanks to the entire management and support team that
have been putting in long hours to make things happen. I am very proud of
this team of high-quality individuals, who put aside the usual petty
office politics, and work extremely well as a team focused on results.
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public company engaged in a diversified number of online financial services.
PayDay Loans: The Company 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. Operations include 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, under the Cash Now banner www.cashnow.org . The company's proven business model comprises operations in the U.S. and Canadian markets 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.
Forex: Additionally, the Company's Forex Trading division offers an innovative low-cost online Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious day traders. All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbank market. Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.
Advanced Electronic Funds Management: The Company's Advanced Electronic Funds Management (AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduce holdback periods by banking institutions, particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and provide banking capabilities to consumers without requiring that they have a bank account.
Structured Debt Settlement: This division will offer services that allow banks, financial institutions and other creditors to invite defaulted clients to negotiate a settlement online, in a neutral and non-confrontational manner, bypassing traditional collection calls and mail delivered notices of default.
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
dang your right,
Morning all, no news Wednesday!
you more than likely bough some share on thursday, these share will not convert over until the next day or the normal time it would take to clear
.001 396100 12:06:09
.0012 396100 12:06:09
hmmm
Scottrade allows orders 300% above current price.
scottrade usualy take from two to three days to post name changes. two for settled shares and three for unsettled shares. So it should be on tuesday
My Strade show CHNW# it means a name change is in progess we more than likely won't see EFGO on strade until monday or tuesday
Press Release Source: Esprit Financial Group
Esprit Financial Group Inc. (Esprit) (CHNW.PK) Announces Plans to Launch Online Consumer Debt Settlement Service
Wednesday April 11, 7:00 am ET
LAS VEGAS, NV, April 11 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (CHNW.PK) www.espritfinancialgroup.com has retained a New York based software development agency to build an Online Structured Debt Settlement Portal. The service will allow banks, financial institutions and other creditors to invite defaulted clients to negotiate a settlement online, in a neutral and non-confrontational manner. This will bypass traditional collection calls and mail delivered notices of default.
ADVERTISEMENT
CEO Garr Winters explains; "Current collection procedures don't work particularly well. They usually require telephone contact with collection officers that are very stressful to clients, who typically practice avoidance rather than resolution. Clients find these conversations very threatening and are often is not in a position to pay off the debt."
Winters added; "Our new service portal will allow creditors to invite their clients to visit the Cash Now Structured Debt Settlement website. Once there, customers will be able to make proposals and negotiate a settlement with creditors in a non-confrontational environment. All information between the parties will be protected by a heavily encrypted Trust Vault, patterned after the Company's proprietary Trust Vault developed for its Payday Loan division."
The original Trust Vault deployed by the Cash Now Payday loan division was programmed to allow borrowers to apply for loans in a secured environment, and allow lenders to review various loan applications and approve or deny specific loan requests.
The planned portal will use the same logic and functionality, but turn things around a little. Lenders will invite defaulted debtors to review and consider settlement proposals. Importantly, the service will be free to the borrowers. A percentage of the total settlement amount will be charged back to the creditor as a fee for the service. Importantly, this should result in significant savings to creditors versus current labor-intensive collection procedures. The settlement process will be largely automated, and creditors will be able to establish rule-based decision processes in evaluating settlement amounts. The company plans on offering the service free to both the creditor and the debtor and only charge a fee or a percentage of the debt recovered on a sliding scale basis, with the fee charged to the credit grantor only. The company estimates that this product may generate as much as several million dollars in revenue as a separate division alone.
Winters noted; "Much of the heavy lifting in terms of programming has already been done. We will be able to modify the Trust Vault concept without having to reinvent the wheel. We think the timing for this product couldn't be better. Americans have taken on a lot of debt in recent years, buoyed by increasing real estate values. It is inevitable that this will translate to a credit crunch for many."
Significantly, USA Today recently reported; The savings rate for 2006 was a negative 1%, meaning that not only did people spend everything they earned but they also dipped into savings or increased borrowing to finance purchases. The 2006 figure was lower than a negative 0.4% in 2005 and was the poorest showing since a negative 1.5% savings rate in 1933 during the Depression. The savings rate has been negative for an entire year only four times - in 2005 and 2006 and in 1933 and 1932.
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public company engaged in a diversified number of online financial services.
PayDay Loans: The Company 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. Operations include 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, under the Cash Now banner. The company's proven business model comprises operations in the U.S. and Canadian markets 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.
Forex: Additionally, the Company's Forex Trading division offers an innovative low-cost online Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious day traders. All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbank market. Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.
Advanced Electronic Funds Management: The Company's Advanced Electronic Funds Management (AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduce holdback periods by banking institutions, particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and provide banking capabilities to consumers without requiring that they have a bank account.
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
I agree. the site pal guy needs to go, or be drastically improved, I have been saying this for some time now. They did change his voice and slow him down a bit. However, the background is poor to say the least. I hope this will be worked out over time. Still here for the long haul :) Go cash now……
good point about the spelling and word usage.
if you do a search on google for "pips forex" www.cashnow.com/ is #12 on the list, a search for "Low Pips" www.cashnow.com/ is #1
If I read this page correctly. Cash Now Uk is a division of Minaco corporation, and Minico's Parent Company is Cash Now Corporation.
has anyone here opened a cashnow forex account yet?
News
Press Release Source: Esprit Financial Group
Esprit Financial Group Inc. (Esprit) (CHNW.PK) Announces 'Cash Now 21' to be Added to Licensed Products Available to All Current Cash Now Licensees
Wednesday April 4, 7:00 am ET
LAS VEGAS, NV, April 4 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (CHNW.PK) www.espritfinancialgroup.com is pleased to announce that it will offer its new 'Cash Now 21' service to both domestic and international licensees.
The 'Cash Now 21' service is based on U.S. Federal Law under the Check Clearing for the 21st Century Act, which defines an approved methodology on how financial institutions can expedite check clearing using advanced electronic methods. Under this new system, digital images of the front and back of a check are created, capturing all of the information digitally, then transmitted via secured internet connection to a check 21 bank/processor and directly to the Federal Reserve System. The Federal Reserve System then forwards data to the Paying Bank.
There are a number of benefits to this approach, but the most visible improvement to bank customers depositing checks is the increased speed with which their checks can be cleared. Generally, 80% of the funds deposited are available the morning of the next banking day, and funds are completely cleared within 48 hours.
Currently, most banks physically move the original paper checks through clearing services and banks on which the funds are drawn. A typical check is handled a staggering average of 19 times. There are 42 billion checks written in the U.S. annually. The check 21 service is of obvious interest to Financial Institutions.
Qualified Cash Now licensees will be able to purchase a complete hardware and software package that offers digital imaging devices and the necessary software platform to process checks using the advanced 'Cash Now 21' service. The focus will be primarily on our International licensees, as the latent demand for this service is quite evident. Checks drawn on a U.S. bank and deposited in foreign countries typically take weeks for funds to clear. The Company's international licensees will be able to speed up the clearing process to a mere 3 business days - a dramatic improvement over current clearing processes.
Cash Now licensees will be able to process business and personal checks, as well as money orders and Travelers Checks under this new system.
Jack Chang, head of Esprit's Advanced Electronic Funds Management division reports; "There has already been interest expressed in this service from international clients who have tracked us down even though we have not launched the product. We are on track to officially launch this service by the end of April or early May. The software and banking relationships are already in place. We will be packaging and pricing the service, and putting in client support services over the next month in preparation for the launch."
Esprit CEO Garr Winters advises; "We believe we will be 1st non-bank financial services corporation to offer this service internationally. While there may be some interest from some of our larger domestic clients, we really see the international market becoming the core focus for Cash Now 21. The international check clearing market represents huge potential for growth, and we are first-to-market with a great product. We will be providing ongoing reports to keep our shareholders well informed as we bring more services online within this division."
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public company engaged in a diversified number of online financial services.
PayDay Loans: The Company 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. Operations include 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, under the Cash Now banner. The Company's proven business model comprises operations in the U.S. and Canadian markets 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.
Forex: Additionally, the Company's Forex Trading division offers an innovative low-cost online Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious day traders. All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbank market. Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.
Advanced Electronic Funds Management: The Company's Advanced Electronic Funds Management (AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduce holdback periods by banking institutions, particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and provide banking capabilities to consumers without requiring that they have a bank account.
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
signed up but no conf email
they changed the scary monkeymail guys voice on the forex sight
i think that includes the last 45m traded AH
I just thaught it was interesting that, on the accounts deposit page wires go to Bank: Wachovia Bank, N.A.
Jacksonville, Florida
Account # 2000032183265
ABA: 063000021
just somethingthat made me say hmmmmm....
has anyone here heard of Wachovia Bank?
Great news, also http://www.cashnow.com/forex_index.html has some interesting new additions and updates, such as the About Us tab and the Risk Disclosure, Privacy Policy and Security Policy tab at the bottom of the page. The http://www.espritfinancialgroup.com/Home_Page.html is now live and not just a contact us page. Go CHNW, GO Esprit, to da mooooooooon.......
I know they have stated in the past that they have retained an agent to assist in locating a suitable full service broker dealer agency for acquisition. I hope they anounce who this full service broker is soon. I also thaugh that they already reached and finalized an agreement with Advanced Markets Inc. for IB services.
pick 400K more at .001
ha. you sold bany
I think we could look into companies that have similar services and compare the outcome and the impact that each of these services provided had on the company. I, so far, have not found a company that can be compared with what CHNW currently has and is doing. I guess that is what is unique about CHNW. As an example I posted a comparison to what CHNW FOREX customer account numbers could realistically be in the next year and used Scotrades customer account numbers as a comparison. Check out post # 20851.
I have been thinking about why I am hanging onto CHNW. I believe on 2 Apr or shortly there after the PPS will go up quite rapidly. Why I say this, well I thought about what CHNW currently has as its main source of income. To be exact, CHNW is a pioneer in the payday loan industry, 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. Then I asked myself who is attracted to the current business. Low-income folks who cannot pay their bills, more than likely does not save or invest, and does not even know anyone who does. Then I took a look at what is on the horizon, the FOREX site launch. Who will visit this site? Well now, the company said it is targeting the experienced FOREX trader. I do not know much about FOREX and I cannot say for sure that I know anybody who trades FOREX. However, I will bet that the people who are involved in FOREX that the company is targeting are also experienced in other areas of investing such as stocks. A FOREX trader is the only person that is going to know if this new FOREX platform is worth their time and money. Garr understands this as he has said in reference to the site, “You only get one chance to make a first impression.” So let us say that the average experienced FOREX trader likes the new platform. You think he or she might just look into the company that has this new FOREX trading platform that works and has potential and a low stock price to boot, I think they will also invest in Esprit Financial Group Inc. as well. Then tell friends about it, which in turn may do the same. I am nearly 100% certain that when the site goes live we will see the PPS go up, hopefully to the moon, GO long, GO CHNW!!!!!!!
News is good, it shows they are still on track for 4x launch. I noticed that there are a few new tabs on the FOREX site, check it out. Go Cashnow. Go long
1 million accounts, That would be nice. IMO a realistic number of accounts for the first year would be, say 50000 to 100000 if all goes as planned. Not to say accounts can't reach 1 million but it will take many years. For example, In 1996 Scottrade lauched its web based trading platform. It opened its 1 millionth customer account in 2003 and now has about 2 million customer accounts . Thats almost 182,000 accounts per year. but I am sure in the first year it was much less.
News is now on Yahoo
http://biz.yahoo.com/prnews/070320/to280.html?.v=48
thanks, Liszt Chopin. didn't realize it till after I hit the enter button. Enough said. Been in since 2006 and here since January.
No it was meant for LISTZ who just accused me of flipping my favorite long
Now now liszt take a look at the record. I did edit my post
I put in for .0012 but buy went through at .0011 da gon it
I will give it a shot
time to pick up a few more