official enough?
Esprit Financial Group Inc. (Esprit) (CHNW.PK) Receives New Ticker Symbol
Thursday April 12, 3:15 pm ET
LAS VEGAS, April 12 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (CHNW.PK) www.espritfinancialgroup.com is pleased to announce it has received its new ticker symbol from NASD, and will now trade under symbol EFGO. The stock will begin trading under the new ticker symbol beginning tomorrow. In the interim, trades will continue to be executed under the old CHNW ticker.
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The Company has been advised by its transfer agent that enquiries for CHNW.PK will be automatically redirected to the new symbol. However, the Company encourages investors to note the new ticker to ensure they still have access to the latest Company and trading information.
Esprit CEO Garr Winters commented, "Receiving the new ticker symbol took a bit longer than we thought, apparently due to some simple delays in the application process".
Winters added, "The Company is undergoing a renaissance in the truest sense of the word. Our new Forex trading division and Advanced Electronic Fund Management division point to the diversification of electronically delivered financial services. We're expecting significant new revenues from these initiatives over the next several months. Essentially, we're entering a new phase of corporate growth, and the timing of this new symbol could not be any more appropriate".
Shareholders are advised that the switch to the new ticker symbol should not cause any trading interruptions for the stock.
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public company engaged in a diversified number of online financial services.
PayDay Loans: The Company 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. Operations include 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, under the Cash Now banner. The company's proven business model comprises operations in the U.S. and Canadian markets 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.
Forex: Additionally, the Company's Forex Trading division offers an innovative low-cost online Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious day traders. All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbank market. Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.
Advanced Electronic Funds Management: The Company's Advanced Electronic Funds Management (AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduced holdback periods by banking institutions, particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and provide banking capabilities to consumers without requiring that they have a bank account.
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.
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Source: Esprit Financial Group
