CHNW HUGE NEWSSSSSSSSSSSSSSS
CHNW (.0012) Marks May 15 2007 As A Launch Of The UK And European Forex
PR Newswire "US Press Releases "
LAS VEGAS, March 14 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (DBA Cash Now) (CHNW.PK) www.cashnow.com 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.
Today the company announced that it plans to launch on May 15 2007 a web site aimed at a European and UK target market on its corporate domain www.cashnow.co.uk. Initially the www.cashnow.co.uk will offer service in English language only, and the primary market will be the United Kingdom. Forex division manager Richard Sciacchetano has said; "We are aiming to have additional languages for support and transaction available by the 4th quarter of this year. These additional languages would be German to complement our Frankfurt listing and assist our German clients in their Forex trading needs, plus Spanish, French, Italian, and Scandinavian markets. Our North American launch of April 2 2007 is still a go and we do not foresee any delays there. The European launch of May 15 2007 is a natural progression and although the events are unfolding a little faster than we anticipated we are well on our way to meeting all of our targets and goals we set for ourselves."
Garr Winters, Esprit CEO adds; "We are proceeding in a methodical and comprehensive manner as we bring this new Forex division online. We are approaching a point where we can see multiple income streams flowing into Esprit from the Forex operations, ATM operations, Debit Card and e-wallet sales, and our core business payday and check cashing software licensing. We see this as quite exciting times for us as a company."
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.
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