news out..............................................Esprit Financial Group Inc.(ESPRIT) (formerly Cash Now Corporation) (CHNW.PK) today announces its intention to List Shares on Frankfurt Stock ExchangeLast update: 3/9/2007 6:00:00 AMLAS VEGAS, March 9, 2007 /PRNewswire-FirstCall via COMTEX/ -- Esprit Financial Group Inc. (ESPRIT) (DBA Cash Now) (CHNW.PK) is a public company 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. Additionally, the Company is in the late developmental stage of offering an innovative low cost online Introductory Broker (IB) Forex trading system. Esprit (CHNW.PK) is extremely pleased to report that it has started the process of listing on the Frankfurt Stock Exchange ("FWB"). The company expects the shares to be trading on the FWB within the next 45 to 60 days. Garr Winters CEO of Esprit stated, "There are a large number of small cap, micro cap or similar type of companies that have received substantial exposure by listing on the Frankfurt Exchange. We feel Esprit would garner similar coverage once we become listed. Now that we have our Forex operations about to commence, on April 2 2007 together with our core payday loan software licensing business, and our Internet marketing campaign which should be in full force and effect by April 15 2007 together with our e-wallet product, named EM2 (Electronic Money Management) that continues to be developed; the timing to obtain additional exposure is just about as perfect opportunity as we can get. We feel that gaining exposure on the Frankfurt Exchange will have a major impact on the company's ability to gain new corporate or institutional and private shareholders, and it may assist us a great deal in increasing shareholder value. The European market has a large appetite for North American micro cap or small cap companies, and on line companies. With our soon to be launched Forex product line we feel that this is a desirable time to participate in this market." About Esprit Financial Group Inc. Esprit Financial Group Inc, (formerly Cash Now Corporation) 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. The company's proven business model includes licensing to corporately operated locations across the U.S. and Canada, 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. The Company is currently in the process of expanding its product portfolio by bringing a retail Forex trading platform to market, targeted to seasoned day traders. The Beta test site has now been launched, with a full-service roll-out to follow once the platform has been successfully tested. Additionally, the Company's e-wallet product, named EM2 (Electronic Money Management) continues to be developed. This stored value card allows customers to transfer cash value without having to issue checks. Employers can use it to pay employees (of great benefit for hourly workers who may not have a bank account); in multi-level marketing organizations, as well as facilitating electronic fund transfers. 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 Inc.
Esprit Financial Group Inc., Tel: 1-888-224-9641, cashnowcorp@cashnow.comCopyright (C) 2007 PR Newswire. All rights reserved Copyright © 2007 MarketWatch, Inc. All rights reserved. Please see our Terms of Use.
