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CHNW (.0012)Executive Jack Chang To Be Compensated in Part By Cash And In Part By Stock And Stock Options

PR Newswire "US Press Releases "

LAS VEGAS, March 16 /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, and the e-wallet product lines named EM2 (Electronic Money Management). 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.

Today, the company announced that Jack Chang, Esprit's Director of Operations for EM2, will be compensated in part by cash and in part by stock and stock options. CEO Garr Winters noted that: "We remain very bullish on the prospects of the Company, particularly with respect to the new products being launched like our Forex trading service, and the EM2 services that will be managed by Jack exclusively. Some of the previously announced projects that Jack is in the process of bringing to fruition can bring some significant income royalty stream to the company for the next 25 years. This pay structure allows us to maintain a low burn rate, and allows the key executives to share in the future success of Esprit."

Jack Chang is the 3rd executive to accept such a pay package, along with Garr Winters, the company's CEO, and Richard Sciacchetano, Esprit's Forex development manager.

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.