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[gino]

Press Release Source: Cash Now Corporation


Cash Now Corporation to receive compensation
Friday February 16, 5:00 am ET


LAS VEGAS, NV, Feb. 16 /PRNewswire-FirstCall/ - Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now), announces that it has successfully negotiated to receive additional compensation from its introductory broker agreement with its strategic partner.
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This will provide additional flexibility for Cash Now to develop sub-license agreements to provide pass-through Forex Trading services with real-time feeds of the true Interbank rates.

Mr. Richard Sciacchetano, Cash Now's advisor and project manager of the Forex product, noted that: "Working with our strategic partner, we have arranged to increase the program spread from 2 pips to 2.5 pips. This will in no way compromise the transparency, immediacy of transactions, and live feed directly off the Electronics Banking System developed by our operating partner."

Sciacchetano further noted that once Cash Now begins offering the Forex product as a license, "Our sub-licensees will be able to offer their clients the core benefits of pass-through Forex dealing, without slippage or skuing, and with no dealing desk. They will have access to a trading platform originally designed for institutional traders with $100 million plus positions. The key benefit of having no intermediary retail platform, and no capability to manipulate the quoted bid/ask will be passed on to the end client."

CEO Garr Winters added, "With this revised agreement in place, Cash Now will be able to develop sub-license agreements with third parties, and ensure a win-win scenario for all parties. Our sub-licensees will benefit from the same revenue stream as if they negotiated directly with our strategic partner. At the same time, Cash Now will still receive a significant revenue stream from all transactions developed from its sub-licensees.

Winters added, "Obviously, this provides Cash Now with considerable more agility to ramp up trading volume by leveraging the installed client bases of our sub-licensees. In short, this is a very exciting business development, and Mr. Sciacchetano is to be commended for this key achievement."

Cash Now is still on target to launch the Beta test version of its Forex trading website toward the end of February.

About Cash Now

Cash Now Corporation, a pioneer in the payday loan industry, is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand. The company's proven business model includes licensing to corporately operate locations across the U.S. and Canada. Additionally, Cash Now's Web site is the most advanced payday-lending portal, offering key insight to clients and potential clients alike. Cash Now offers a payday loan license program, Payday Express; and a payday loan and check cashing license known as Check Express.

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.

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 Cash Now's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Cash Now's periodic reports filed with the regulatory authorities.




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Source: Cash Now Corporation

Gruß
gino

[Schnatzi]

Antwort auf Beitrag Nr.: 27.742.422 von gino am 16.02.07 11:09:29

Hey kannst Du mal ne Übersetzung einstellen? Oder vielleicht kurz zusammenfassen um was es da genau geht? Wäre super! Danke!

[Atlantickatze]

Antwort auf Beitrag Nr.: 27.742.422 von gino am 16.02.07 11:09:29

Hi Gino,

ist diese News heut mal Kursbewegend?
Also was hier in den letzten Wochen an guten News kamen ist schon sehr bemerkenswert

Irgendwann muß sich das mal auf den viel zu niedrigen Kurs auswirken, die MC. ist echt witzig.

AK

[Mr.Perfect]

Zürich Vers.

ist da kunde