Saturday, March 03, 2007 10:54:30 PM
Link: http://www.pinksheets.com/quote/news.jsp?symbol=CHNW&headline=Cash+Now+Completes+a+deal+with+Aff...
Cash Now Completes a deal with Affordable Telecom Asian Unit (Press Release)
Aug 23, 2005 (Pink Sheets News Service) — Fort Lauderdale FL, August 23 , 2005 (BUSINESS WIRE) - Cash Now Corp (Pink Sheets: CHNW) announced today that is signed a distribution Contractual Agreement with Affordable Telecom Asian Unit and has granted Affordable Telecommunications Technology Corp the International licensing rights from Cash Now for all of Asia. This includes China down through Indonesia and the Pacific Islands.
Affordable Telecom will now seek governmental licensing in South East Asian countries for Cash Now -- ATM services as well as opening franchises in the region. The potential revenue for 100 stores and 300 ATMs in Asia has a potential to generate $31,000,000 annually. This is the goal for the first fiscal year of the Asian exclusive license.
To increase Cash Now's market penetration in Australia, New Zealand, and the Pacific Islands, Affordable Telecom has also agreed to provide Alternative Merchant Facilities operating over their VPN. This is a key facility for increasing merchant transactions among smaller retail outlets.
Cash Now as part of publicly traded The Cash Now Corporation (CHNW) will offer, by the end of this fiscal year, 25 strategic retail financial centers in the South Pacific and over 250 centers in Canada and the USA, to sell and market services. These services include utilities provisioning, prepaid telephone lines, international cards, and immediate financial transaction services for purchasing alternative merchant services over VPN.
In order to facilitate the expansion and growth, and as Cash Now looks beyond ASIA towards Europe for further growth, the company also announced today that it has in principle secured a $ 10,000,000.00 to $ 50,000,000.00 million dollar USD line of credit, to facilitate the loans booked through its Internet booking engine which loans will be distributed through their debit card network.
I followed up on what happened with Affordable Telecommunications Technology Corp and found the following:
Link: http://www.asianasset.net/article.php?aid=24
Buzz Technologies, Inc. / Affordable Telecommunications Technology Corporation Officially Announces
2006-02-28
HOUSTON and BANGKOK, Thailand, March 9 /PRNewswire-FirstCall/ -- Buzz Technologies, Inc. / Affordable Telecommunications Technology Corporation (OTC: ATCT) officially announces that merger and change in corporate control is complete.
Control of the Company now rests with Sutida Suwunnavid and the newly appointed board members. All issues regarding the merger were completed today on and off market. The Company will now undergo the Change to Buzz Technologies Inc.
The Company looks forward to implementing its previously announced business plans and remains committed to completing the previously announced .07 per share stock buy back.
Another Press Release confirmed: Link:http://www.mirrorgeek.com/buzz-technologies-inc-affordable-telecommunications-technology-corp-offici...
Telecommunications industry news provided by Financial News USA (OTC: FNWU) Buzz Technologies Inc. / Affordable Telecommunications Technology Corp. (OTC:ATCT) officially announces the company will begin trading as Buzz Technologies Inc. on Tuesday March 21, 2006. Last week the company announced that the change in corporate control is complete and control of the company now rests with Sutida Suwunnavid and her group. The company also announces that Pol. Lt. Col. Panitan Santipet is the new CFO of Buzz Technologies.
So, my question is.... does anyone know what might have happened with the licensing agreement between CHNW and Affordable Telecommunications Technology Corp. when Affordable Telecom merged and became Buzz Technologies (BZTG.pk)?
I wonder if there is an association between Cash Now and Buzz Technologies after the merger??? Any thoughts?
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