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Cash Now Announces Plans To Launch A Town Hall Forum For Its Shareholders

Last Update: 7:44 PM ET Feb 1, 2007

LAS VEGAS, NV, Feb 01, 2007 /PRNewswire-FirstCall via COMTEX/ -- Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now). Cash Now is a public company engaged in the design, manufacture, marketing and distribution of customized payday loan and check cashing software and white label or private label back end office systems. Through it's www.cashnow.net site the company offers Internet-based payday loans and other sub prime financial utility tools. The company today announced that it intends to launch a "town hall forum" for it's shareholders to enable it's shareholder base to be more informed and more transparent to it's shareholders. The company today retained an IR firm to assist in the creation of the content, and assigned it the first task of reviewing and preparing "The Presidents Message" which the company prepared in a draft format. The company plans to host a "chat type" forum and message board, and perhaps a video feed, that will be hosted by the company's CEO and/or other key staff of the company. Garr Winters, Cash Now's CEO, said, "We felt that this was needed to keep our shareholders advised of all current affairs and we also felt we needed to go outside of our staff resource to be able to provide this type of service and content in a timely and quality fashion. We are also desirous of releasing the Presidents message as soon as possible and we are hoping that the launch of the Town Hall Forum; all of this can be done with the Presidents Message as our first virtual town hall meeting".
In other company news, the company confirms that it has began to seek an alternate name change to better reflect its new planned addition of the business line; that being a Forex Introductory Broker; together with it's current business product lines that will remain unchanged. The company also plans on requesting a new QUSIP number and a new trading symbol in the very near future. Mr. Winters added, "Our shareholders have been requesting and asking for this for some time now, and we also see this as the best route as well. The company will make a separate announcement on this topic in the very near future in accordance with the rules."
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 locations across the U.S. and Canada. Additionally, Cash Now's Web site is the most advanced payday-lending portal, offering key insight to 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.
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 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 regulatory authorities.
SOURCE Cash Now Corporation
Cash Now Corporation, Tel: [phone], www.cashnow.com, [e-mail] http://www.prnewswire.com Copyright (C) 2007 PR Newswire. All rights reserved