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news: Cash Now (CHNW) Announces Plans To Re Launch It's e Tax Preparation Service
Thursday November 16, 9:45 am ET

FORT LAUDERDALE, FL, Nov. 16 /PRNewswire-FirstCall/ - Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now) today announced that it will re launch its e tax filing service for the 2006 tax preparation season. The tax preparation service originally launched in 2003 was a great add on feature to the existing Cash Now franchised and licensed locations that operated in a "brick and mortar" environment or retail type establishments. Cash Now ceased offering the e tax product when the back office tax supplier changed its business model and later sold their business. Operating under the brand name MY E TAX the following archived link displays the services that Cash Now's Myetax offered in the past. http://web.archive.org/web/20040724024823/www.myetax.com/myetax/default.aspx

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Originally designed as a stand alone application to compete with other retail type tax preparation service providers such as Liberty Tax, H&R Block and Jackson Hewitt, My E Tax Service and package was sold to retail type establishments in the price range of $7,500.00 to $10,000.00 with various revenue sharing income streams, with the lions share being retained by the licensees.

The company has secured a new supplier and will re launch the e tax service with a new web site and 2 separate and distinct revenue streams; one stream as aforementioned above, and the other a free add on feature to a Cash Now retail licensed establishment with the company retaining a greater portion of the revenue streams. As many franchised type establishments carry a restrictive covenant with what products and services they can, and can not integrate into their businesses; the Cash Now e tax service is made available only through a license agreement which in itself is more attractive, and offers the retail operators secondary options and different alternatives.

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 the top 1000 fastest growing franchising companies by Entrepreneur guide.


Source: Cash Now Corporation