LAS VEGAS, May 4 /PRNewswire-FirstCall/ -- Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) is pleased to announce Esprit's Forex trading division has opened a satellite office in Boynton Beach, Florida. Forex Analyst Peter Presland has been hired as the office manager. Short term company objectives will be to obtain broker-dealer status for the division through the Florida office. As previously announced, the Company has been evaluating different options to obtain broker-dealer status. Garr Winters Esprit's CEO put it this way:
The new office is located at: 1375 Gateway Blvd, Boynton Beach Fl. 33436 Local telephone: 561 536 0465
Esprit Forex Trading division head Richard Sciacchetano noted, "Peter is an excellent addition to our management team. Peter has about four years experience trading in the Forex market, and comes to Esprit with excellent credentials."
In other Company news, the Payday Loan division announces that a regional license has been granted for the Port St. Lucie area in Florida. In addition, a website for the region will be launched in tandem to provide a comprehensive payday loan and related sub-prime financial services solution.
CEO Garr Winters notes, "As always, it is a pleasure to welcome a new licensee to our family. It validates the business model of the Cash Now Payday loan division as we continue to ramp up marketing of our products and services."
The licensee has completed Cash Now's virtual online training program. As previously announced several months ago, the virtual training program was instituted as a cost efficient manner to train all new licensees, without incurring excessive travel expenses. Positive response to the virtual training program has exceeded the Company's expectations.
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.
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.
Structured Debt Settlement: This division will offer services that allow banks, financial institutions and other creditors to invite defaulted clients to negotiate a settlement online, in a neutral and non-confrontational manner, bypassing traditional collection calls and mail delivered notices of default.
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.
Esprit Financial Group
