LAS VEGAS, NV, March 15 /PRNewswire-FirstCall/ - Esprit Financial Group
Inc. (ESPRIT) (formerly Cash Now Corporation) (DBA Cash Now) (CHNW.PK)
http://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 suite of leading edge stored value cards and electronic
funds transfer systems - EM2 (Electronic Money Management)
The company today announced that Jack Chang, its Director of Operations
for the Electronic Funds Transfer Division, will be meeting with a number
of major banks in West African countries. They have invited Mr. Chang to
assist with the development of non-traditional banking solutions in an
economic environment where a majority of the population is unbanked or
underbanked. Mr. Chang will be demonstrating proprietary solutions that are
actionable in a short time-frame to solve the challenges of these financial
institutions. Mr. Chang notes "Approximately 400 million dollars a day in
commerce is conducted in these countries through their current systems.
Simply put, we see an opportunity to provide the expertise and mechanisms
to these clients utilizing our methodology and create scalable solutions
that will create a very profitable win-win solution for all concerned."
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 EM2 electronic funds transfer (EFT)
solutions and stored value card products are ready to be deployed. These
stored value cards allow customers to transfer cash, purchase products and
services without having to issue checks, or even have a bank account.
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.
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