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This will propel us into pennies..This is really a huge announcement.

Cash Now (CHNW) Exploring Acquisition Viability Of A 3rd party payment processor's assets.
via COMTEX

October 20, 2006

FORT LAUDERDALE, FL, Oct 20, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --

Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now) late this afternoon, after the markets closed, announced that it is exploring the viability and sustainability of acquiring a 3rd party payment processor (Processor) assets. In its current format the aforementioned processor is under development with approximately 6 to 7 million dollars in invested and unfinished development costs. This processor is designed to work similar to ibill or other on line processors that process on line credit card settlements for consumer purchases. Cash Now is exploring the feasibility of utilizing the processor in a 2 step format.

In the first format Cash Now is exploring is the possibility of implementing the processors good code into its portion of the Trust Vault www.trustvault.com and to change this processor model to become a switch for various transactions. Cash Now is exploring the feasibility of completing the development of the all IP network with no legacy technology that would cater mostly to internet merchants. This format would cater to payday advance customers offering the Cash Now off shore debit card, ATM transactions, and on line transactions exclusively.

In the second format Cash Now is exploring the possibility of using the technology of the processor to imbed it, into the Trust Vault to offer a pay advance service to the on line casino industry patrons, through it's off shore Cash Now services. Although the new bill, signed on October 14, 2006 by US President George Bush, which amongst other things bans Internet gambling; namely the act 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.

It was not clear how the law would affect a long-running dispute between the United States and the World Trade Organization over US ban on online gambling.

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".

ABOUT CASH NOW

Cash Now Corporation (CHNW.PK), a pioneer in the Internet payday loan, and check cashing industry is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand. For instance, the Cash Next Super Broker concept is taking North America by storm! Our team of highly qualified financial executives know what works, and what it takes to place your loan request! Cash Next is backed by a highly experienced team, delivering blue chip solutions for businesses, and consumers. The company's proven business model includes licensing to corporately operated joint venture locations across the U.S., Canada, Australia, and UK. 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; as well as a host of related financial services for small and medium-size businesses this includes the Cash Next broker program. 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.

SOURCE Cash Now Corporation

Investor Relations, Cash Now Corporation, Toll Free: 1-888-224-9641 e-mail: [e-mail], http://www.cashnow.com http://www.prnewswire.com

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