The International Monetary Fund (IMF) has welcomed UAEs efforts to unwind the large fiscal stimulus undertaken in response to the 2009 crisis as appropriately focused.

In a new comment on the UAEs economy, executive directors at the IMF said the debt consolidation plans were on the right track, and that the gradual pace meant that the process was undergoing without undermining the economic recovery.

In addition, the comment said that IMF directors particularly welcomed the consolidation plans in Dubai, which will help improve the emirates debt sustainability in the face of contingent liabilities related to government-related entities (GRE) and the still weak real estate market.

These comments were made by the IMF in a media statement released after the conclusion of 2012 Article IV consultation with the UAE.

The recovery of the economy is continuing despite the uncertain global economic environment. High oil prices and increased production, strong growth in Asia, and the UAEs perceived safe haven status in the context of the regional turmoil contributed to an estimated real GDP growth of 4.9 per cent in 2011, the IMF said.

The Fund noted that a recovery in the countrys real estate sector remains lagging, but added that other non-oil sectors such as trade, tourism and logistics picked up. Despite the continued weakness of the construction and real estate sectors in the wake of the 2009 crisis, real non-hydrocarbon growth picked up to an estimated 2.7 per cent last year, supported by trade, logistics, and tourism, it noted.

For 2012, oil production is projected to be flat, whereas non-oil growth is expected to strengthen further to 3.5 per cent. Inflation remained low at 0.9 per cent in 2011, mainly due to a continuing decline in housing rents, and price pressures are expected to remain subdued this year, the IMF added.

The IMF also noted that the completion of the Dubai World debt restructuring was a positive factor for UAEs economic stability, but estimated that about $30 billion in GRE debt will be maturing this year, with significant amount of debt falling due in 2014-15.

Directors noted the progress made in restructuring and managing the debt of GREs, but stressed the need for further efforts to mitigate the fiscal risks posed by these entities. They cautioned that GREs are still faced with high refinancing needs and are reliant on foreign funding. In this context, directors encouraged further deleveraging and strengthening of impaired GRE balance sheets, increased transparency, and improvements in corporate governance at GREs.

The Fund also pointed out the low levels of private sector lending. Despite the accommodative monetary stance under the peg to the US dollar, lending to the private sector has remained sluggish as excess capacity in the real estate sector and the debt overhang still limit lending opportunities, it said in the report.

But it noted that banks in the country had emerged relatively stable despite a rise in non-performing loans. The banking sector has remained well-capitalized and profitable, despite a continued rise in non-performing loans and higher provisioning, it said.

Directors took note of the resilience of the banking sector grounded on ample liquidity and capital buffers. They nonetheless encouraged the authorities to continue monitoring closely the financial situation of individual banks and their ability to cope with adverse shocks. Directors emphasized the importance of shielding the banking system from taking further GRE-related risks, including by avoiding channeling bank funding to non-viable GREs, the report stated.

In this regard, they welcomed the recent introduction of aggregate lending limits to GREs. Directors also suggested further strengthening the governance framework for the financial sector. Looking forward, they encouraged the development of domestic debt markets, which would among other things support banks liquidity management in preparation for the introduction of the Basel III liquidity framework.

The IMFs executive directors welcomed the continued economic recovery and favorable near-term outlook, but noted downside risks from the uncertain global environment and regional geopolitical tensions. Going forward, directors encouraged the authorities to continue their efforts to sustain growth and diversify the economy, while maintaining macroeconomic and financial stability.

Directors agreed that a continued accommodative monetary stance under the peg to the US dollar would counteract fiscal tightening and support the economic recovery. They took note of the staff assessment that the exchange rate has remained broadly aligned with fundamentals, and agreed that the exchange rate peg continues to serve as an effective nominal anchor for the economy.

Fast EZ Payday Loans provides you with the best selection of loans and payday loans online. Find personal loans for your home, car, business, or persona

DENVER (CBS4) Frank Horvath complained that his phone rings all the time; day, night, at home, his cell. The calls are unsolicited telemarketers, and he’s tired of it.

“For probably the last six months or so, I get these calls. It’s three, four, five times a week, long distance number from different area codes. It’s a robo-call that says if you’d like to lower your credit card rates,” Horvath told CBS4.

Judie Wass has the same problem, but different telemarketers. She gets calls two or three times a day from a company called Pacifictel, offering debt consolidation.

“It’s very, very upsetting because financially I’ve struggled and I’ve tried really hard to straighten it out and this just brings it all back, Wass said.

Fast EZ Payday Loans specializes in fast cash online services for payday loans when you need a quick payday loan.

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Manila, May 15, 2012 (ACN Newswire via COMTEX) –
The Philippine government’s P323.4 billion Domestic Debt Consolidation Program won The Banker Magazine’s Deal of the Year 2012 for SSA (Sovereign, Supras and Agencies) Bonds category in Asia Pacific. The deal bested over 500 entries and only one winner was selected for each of the 10 categories across every region.

The deal is the sixth and historically the largest domestic debt exchange by the Republic of the Philippines. In the transaction, P292.5 billion worth of eligible bonds were swapped for new benchmark issues, which are due 2022 and 2031. The total issue size was P323.4 billion which was divided into a 10-year P67.6 billion-bond and a 20-year P255.8 billion-bond, with coupon rates of 6.375% for the 10-year and 8% for the 20-year bond.

The exchange program smoothened and extended the debt maturity profile of the Philippines by reducing the maturity hurdles from bonds that were due to mature in the next few years. Of the bonds that were swapped, 75% had maturities that were due between 2011 and 2017, and the program successfully reduced the near-term maturity hurdles. The deal also lengthened the average maturity of the portfolio of eligible bonds by 37.9% from 5.48 years to 7.56 years.

The deal has also paved the way for long-term financing in line with initiatives to promote public-private partnerships in infrastructure projects and has deepened the Philippine capital markets.

The entries were judged based on a wide range of criteria with a strong emphasis on the degree to which the objectives of deals were met as well as deal complexity, innovation, speed of execution and pricing performance.

First Metro Investment Corporation together with BPI Capital, Citicorp Capital Philippines and SB Capital and Investment Corporation were the joint deal managers for this transaction. Deal Coordinators were Development Bank of the Philippines and Land Bank of the Philippines.

After receiving the award from The Banker, First Metro Investment Corporation president Roberto Juanchito Dispo said, “This landmark deal did not only enable the government to reduce the bunching of debt maturities, giving more room in the use of its funds for necessary spending, it has also more importantly reaffirms the growing investor confidence in the Philippines.”

The Banker’s Deal of the Year recognizes the most impressive transactions in FIG capital raising, M&A, corporate bonds, SSA bonds, infrastructure and project finance, equities, loans, restructuring, Islamic finance and trade Finance. The Banker is a London based international financial affairs publication owned by The Financial Times Ltd.

About First Metro Investment Corporation

Founded in 1972, First Metro Investment Corporation is the investment banking arm of Metropolitan Bank and Trust Co. (Metrobank) – the Philippines’ largest financial conglomerate. With over 100 employees, First Metro provides investment banking services through its four strategic business units: Investment Banking, Treasury, Investment Advisory and Corporate Lending and the Regional Business Development Desk. First Metro holds the distinction of being the sole publicly listed investment house among the member institutions of the Investment House Association of the Philippines (IHAP) and has been ranked among the Top 11 Philippine Companies and among the Best ASEAN 100 Companies based on Relative Wealth Added Index by NY-Based management consulting firm, Stern Stewart & Co. In 2009, First Metro was awarded the Best Bond House in the Philippines by Finance Asia. In the last two years, it was also awarded the Best Bond House by The Asset Magazine of Hong Kong. For more information on First Metro, visit
www.firstmetro.com.ph
.

Source: First Metro Investment Corporation

Contact:

Anna Marie Tuprio
Corporate Planning & Affairs Department
Tel: +63-2-858-7951
E-mail: marie.tuprio@firstmetro.com.ph

Copyright (C) Japan Corporate News NetWork

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Fast EZ Payday Loans provides you with the best selection of loans and payday loans online. Find personal loans for your home, car, business, or persona

Serial entrepreneur Luke Johnson is not the greatest fan of the High Street banks. Nonetheless it is still somewhat surprising to find him welcoming the controversial move by payday loan firm wonga.com to offer loans to small businesses.

In a career spanning two decades, Johnson has rarely shied away from speaking his mind. He’s frequently described as a maverick. Certainly he is forthright often to the point of bluntness and, in that old cliche, doesn’t suffer fools gladly.

Yet the man, who rejoices in the nickname ‘cool hand Luke’ can be very generous in sharing his experience with would-be entrepreneurs and clearly believes passionately that small business is the engine of economic growth.

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Mindy Honey | Branson Tri-Lakes News

Loan center makes paying bills simple

    Didi Eggebrecht, left, and Natalie Nickel, of Missouri Loan Center, are ready to help with title and payday loans, as well as purchase unwanted gold, silver and platinum jewelry and old coins.

Fast EZ Payday Loans provides you with the best selection of loans and payday loans online. Find personal loans for your home, car, business, or persona

CashAdvance.org announces the introduction of a 24-hour payday loan application phone number for customers without Internet access. The new number also provides a viable option for customers who are uncomfortable entering their personal and financial information into an online application form, or who just prefer to apply over the phone for whatever reasons. A live representative is available to help customers complete their payday loan application and answer their questions about payday loans and the lending process. The loan application number can be found on the site’s “Contact Us” page.

“Our mission at CashAdvance.org is to better serve our customers and provide to them greater access to payday loan lenders in their area.” said CashAdvance.org spokesperson Dave Owens. “We are delighted to offer this new application phone number as a way of helping customers get money for emergency financial situations quickly and easily. Now, customers who were previously not able to apply for one of our loans can do so without having to sit down at a computer.”

A cash advance loan can be used to cover short-term emergency expenses for items such as rent, medical bills, home repairs, car repairs and other bills. Customers can borrow between $100 and $1,500 depending on their salary and needs. The lender they end up using through CashAdvance.org determines the specific loan amount. Customers do not need good credit or have to put up collateral to qualify for a loan. Upon approval, customers usually receive their loan funds within 24 hours via direct deposit into their checking account. Borrowers generally must repay their loan with their next paycheck, and repayment is handled in an automatic fashion by electronically withdrawing the repayment amount from a borrower’s bank account on the scheduled due date. This makes the process easier and more convenient for the borrower.

To qualify for a payday loan, borrowers must be either a citizen or legal resident of the US, be 18 years of age or older, be currently employed with a minimum of 90 days on the job, and have a monthly income of at least $1,000 after taxes. Additionally, borrowers must provide the following information as part of their loan application: a checking account number, home and work phone numbers, and a valid email address. When applying over the phone, customers are advised to have their information available on hand to expedite the application process.

The new 24-hour loan application phone number gives CashAdvance.org an opportunity to further its general mission of providing the highest quality customer service to consumers throughout the country.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/5/prweb9498195.htm

Copyright 2012 Midland Daily News. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Fast EZ Payday Loans provides you with the best selection of loans and payday loans online. Find personal loans for your home, car, business, or persona

SIPING, China, May 14, 2012 /PRNewswire via COMTEX/ –
THT Heat Transfer Technology, Inc.

/quotes/zigman/115741/quotes/nls/thti THTI
-6.75%

, a leading provider of heat exchangers and heat exchange solutions in China’s clean technology industry, today announced its unaudited financial results for the first quarter ended March 31, 2012.

First Quarter 2012 Financial Highlights

Sales revenue decreased by 18.5% year-over-year to US$11.45 million.

Gross profit decreased by 23.8% year-over-year to US$4.61 million.

Gross margin was 40.2%, compared to 43.0% for the first quarter 2011.

Operating income decreased by 74.3% year-over-year to US$0.84 million.

Net income attributable to common stockholders decreased by 79.0% year-over-year to US$0.56 million.

Basic and fully diluted net income per share was US$0.03, a decrease compared with net income per share of US$0.13 for the first quarter 2011.

Chairman and Chief Executive Officer Guohong Zhao commented, “Although demand for our heat exchange solutions was impacted by China’s slowing macroeconomic environment during the first quarter 2012, our intensified focus on generating orders and cultivating client relationships allowed us to achieve revenue at the high end of our previously announced guidance range.

“Looking ahead to 2012 as a whole, we continue to expect the HVAC, metallurgical and petrochemical industries to generate steady demand. We remain focused on our four core growth initiatives relating to district heating, nuclear power, air cooled heat exchangers, and spare parts and repair services offerings, and we expect growth to be strongest in the nuclear sector. While we believe demand for our competitively priced, high-quality, customized offerings will drive value in the long term, we remain cautious in view of prevailing macroeconomic conditions, and we therefore anticipate second quarter 2012 revenue to be in the range of US$10 million to US$12 million.”

First Quarter 2012 Financial Results

Revenue

Sales revenue for the first quarter 2012 was US$11.45 million, an 18.5% decrease from US$14.05 million during the same period of 2011. The decrease was primarily attributable to lower sales revenue from shell-and-tube heat exchangers, heat exchange units and plate heat exchangers. Sales volume of heat exchange products totaled 660 units in the first quarter 2012, a decrease of 268 units from 928 units in the same period of 2011.

For the first quarter 2012, sales revenue from shell-and-tube heat exchangers decreased by US$2.03 million, or 70.8%, to US$0.84 million from US$2.86 million in the same period of 2011. Sales revenue from heat exchange units was US$3.67 million, a decrease of 13.7% compared with US$4.25 million in the same period of 2011. During the first quarter 2012, sales revenue from spiral plate heat exchangers totaled US$0.79 million, as compared to no revenue contribution from this segment in the first quarter 2011. In addition, sales revenue from air-cooled heat exchangers rose to US$0.48 million, an increase of 12.7% compared to the first quarter 2011.

Cost of Sales

Cost of sales for the first quarter 2012 decreased 14.6% to US$6.84 million from US$8.01 million in first quarter 2011. The decrease largely reflected the lower sales revenue.

Gross Profit and Gross Margin

Gross profit decreased 23.8% to US$4.61 million during the first quarter 2012, from US$6.04 million in the same period of 2011, mainly due to the lower sales revenue. Gross margin was 40.2% for the first quarter 2012, as compared to 43.0% during the same period of 2011. The decrease in gross margin was mainly attributable to an increase in the Company’s labor and raw material costs.

Operating Expenses

Administrative expenses increased 75.7% to US$1.25 in the first quarter 2012, from US$0.71 million for the same period of 2011. The increase was primarily due to increases in the Company’s audit fees and allowance for doubtful accounts.

Research and development expenses decreased 26.9% year-over-year to US$0.25 million, from US$0.35 million in the first quarter 2011, as the Company increased its focus on marketing its existing portfolio of diversified products and customized heat exchange solutions.

Selling expenses increased 32.6% to US$2.25 million for the first quarter 2012, from US$1.70 million during the same period of 2011. The increase was mainly attributable to higher travelling expenses incurred by THT’s sales force as the Company intensified its focus on positioning itself to capitalize on future business opportunities.

This resulted in a 36.3% rise in total operating expenses to US$3.76 million in the first quarter 2012 from US$2.76 million for the same period of 2011.

Other income

Other income amounted to approximately US$229,461 in the first quarter 2012, a significant increase from US$4,757 in the same period of 2011. The increase was mainly due to the recategorization of sales revenue from the Company’s installation services as other income starting from the first quarter 2012.

Income before Income Tax

Income before income taxes was US$0.68 million in the first quarter 2012, a decrease of 78.1% compared with approximately US$3.11 million in the same period of 2011.

Income Tax

Income tax decreased 82.1% to US$0.08 million in the first quarter 2012 from US$0.42 million in the same period of 2011. The decrease was mainly due to lower taxable income.

Net Income

Net income attributable to common shareholders was US$0.56 million in the first quarter 2012, a 79.0% decrease compared to US$2.66 million in the same period of 2011.

Basic and fully diluted net income per share was US$0.03 in the first quarter 2012, compared with US$0.13 in the same period of 2011.

Liquidity

As of March 31, 2012, the Company had cash and cash equivalents of US$1.86 million and restricted cash of US$2.08 million. During the first quarter 2012, there was a net cash outflow of US$5.48 million, compared with a net cash outflow of US$8.59 million in the same period of 2011.

Net cash used in operating activities was US$5.17 million for the first quarter 2012, compared with US$6.49 million for the same period of 2011. Net cash used in operating activities during the first three months of 2012 decreased compared to the same the period in 2011, largely due to relatively high collections from trade customers during the first quarter 2012, as well as reduced credit sales granted to customers due to lower turnover during the quarter. In addition, cash used for prepayment of other receivables and deposits for the three months ended March 2012 decreased year-over-year due to a reduction in the level of cash advances to staff and prepayments to trade suppliers.

Net cash used in investing activities was US$0.02 million for the first quarter 2012, compared with US$1.33 million for the same period of 2011.

Net cash used in financing activities was US$0.34 million for the first quarter 2012, compared with US$0.82 million for the same period of 2011. The decrease in net cash used in financing activities was mainly due to a US$0.34 million decrease in restricted cash.

Second Quarter 2012 Guidance

THT expects to generate sales revenue in the range of US$10 million to US$12 million in the second quarter 2012, compared with US$14.18 million in the same period of 2011. This represents the Company’s preliminary view, and is subject to change.

Conference Call

THT’s senior management will host a conference call at 8:00 a.m. (Eastern) / 5:00 a.m. (Pacific) / 8:00 p.m. (Beijing) on May 15, 2012 to discuss the Company’s first quarter 2012 financial results and recent business activity. The conference call may be accessed by calling:

US Toll Free: 1-800-860-2442
International Toll: +1-412-858-4600
Canadian Toll Free: 1-866-605-3852
China (North) Toll Free: 10-800-712-2304
China (South) Toll Free: 10-800-120-2304
Hong Kong Toll Free: 800-962475
Passcode: THT Heat Transfer Technology

Please dial in approximately 10 minutes before the scheduled time of the call.

A replay of the conference call may be accessed by phone at the following numbers until May 24, 2012:

US Toll Free: 1-877-344-7529
International Toll: +1-412-317-0088
Passcode: 10014069

A live webcast of the conference call and replay will be available on the investor relations page of THT's website at:
http://www.tht.cn/ir.asp .

About THT Heat Transfer Technology, Inc.

Through its Chinese operating subsidiaries, THT Heat Transfer Technology, Inc. designs, manufactures and sells plate heat exchangers, shell-and-tube heat exchangers, heat exchanger units and other heat exchanger products with total heat exchange solutions. Heat exchangers play an integral part in helping customers improve energy efficiency. Used in a number of industries, THT's products focus on energy conservation, emission reduction and other environmentally friendly applications. Its six major product categories are plate heat exchangers, shell-and-tube heat exchangers, air-cooled heat exchangers, weld plate heat exchangers, heat exchanger units and plate-and-shell heat exchangers. The Company also offers comprehensive heat exchange solutions.

THT's in-house R&D capabilities enable it to deliver tailored products that better meet the changing demands of its customers. The Company has a strong record of delivering high-quality products and services to leading domestic and international customers. THT has completed over 3,000 projects and has provided heat exchange solutions to several Fortune 500 companies. The Company is headquartered in Siping City, Jilin Province, China. For more information, please visit the Company's website at
www.tht.cn .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the risk factor sections of the Company's periodic reports that are filed with the Securities and Exchange Commission and are available on its website (
http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Contact:

The Company:
Mr. Jack Xiao
Investor Relations Manager
THT Heat Transfer Technology, Inc.
Tel:+86 (434) 326 6779
Email: IR@tht.cn
Investor Relations (Beijing):
Xiaoyan Su
Taylor Rafferty
Tel: +86 (10) 8588 6722
Email: tht@taylor-rafferty.com
Investor Relations (US):
Bryan Degnan
Taylor Rafferty
Tel: +1 (212) 889 4350
Email: tht@taylor-rafferty.com

FINANCIAL TABLES FOLLOW -

THT Heat Transfer Technology, Inc.
Unaudited Consolidated Balance Sheets
As of March 31, 2012 and December 31, 2011
(Stated in US Dollars thousands)
March 31,2012 December 31,2011
Assets
Current assets
Cash and cash equivalents $1,863 $7,340
Restricted cash 2,078 1,726
Accounts receivable, net 33,881 33,573
Inventories, net 32,209 32,531
Other current assets 12,318 9,763
Total current assets 82,349 84,933
Long-term accounts receivable 1,215 1,184
Other non-current assets 13,495 13,693
Total assets $97,059 $99,810
Liabilities
Current liabilities
Short-term bank loans $16,284 $16,183
Other current liabilities 21,923 25,748
Total current liabilities 38,207 41,931
Long-term loan 2,846 2,828
Total liabilities 41,053 44,759
Total shareholders' equity 56,527 55,616
Noncontrolling interests (521) (565)
Total liabilities and equity $97,059 $99,810

THT Heat Transfer Technology, Inc.
Unaudited Consolidated Statements of Income
(Stated in US Dollars thousands, except earnings per share)
Three months ended March 31,
2012 2011
Sales revenue $11,449 $14,053
Cost of sales (6,844) (8,010)
Gross profit 4,605 6,043
Operating expenses
Administrative expenses 1,253 713
Research and development expenses 254 348
Selling expenses 2,254 1,700
Total operating expenses 3,761 2,761
Operating income 844 3,282
Interest income 8 14
Other income 230 5
Financial costs (401) (193)
Income before income taxes 681 3,108
Income taxes (76) (424)
Net income before noncontrolling interests 605 2,684
Net income attributable to noncontrolling interest (48) (27)
Net income attributable to the equity stockholders $557 $2,657
Earnings per share attributable to THT Heat Transfer
Technology Inc. common stockholders $0.03 $0.13
Weighted average number of shares outstanding
- Basic and diluted 20,453,500 20,453,500

THT Heat Transfer Technology, Inc.
Unaudited Consolidated Statements of Cash Flows
For the three months ended March 31, 2012 and 2011
(Stated in US Dollars thousands)
Three months ended March 31,
2012 2011
Net cash used in operating activities $ (5,172) $ (6,488)
Net cash used in investing activities (19) (1,327)
Net cash used in financing activities (341) (815)
Effect of exchange rate changes on cash and cash equivalents 55 39
Net decrease in cash and cash equivalents (5,477) (8,591)
Cash and cash equivalents at beginning of the period 7,340 18,438
Cash and cash equivalents at end of the period $ 1,863 $ 9,847

SOURCE THT Heat Transfer Technology, Inc.

Copyright (C) 2012 PR Newswire. All rights reserved

/quotes/zigman/115741/quotes/nls/thti

Add to portfolio

THTI

THT Heat Transfer Technology Inc.

US

: U.S.: Nasdaq

$
1.52

-0.11
-6.75%

Volume: 57,505
May 16, 2012 3:59p

P/E RatioN/A
Dividend YieldN/A

Market Cap$31.09 million
Rev. per EmployeeN/A

Financial Glossary

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Check Into Cash announces the launch of its new website, which is designed to make it easier for customers from all over the United States to apply for cash advances and payday loans.

Cleveland, TN (PRWEB) May 15, 2012

Check Into Cash announces the launch of its new website, which is designed to make it easier for customers from all over the United States to apply for cash advances and payday loans.

Check Into Cash is a leading supplier of short-term credit to American consumers. With its well-established reputation in the field of short term credit, Check Into Cash is a trusted source for payday loans, title loans, and title pawns. Other services offered by the company include check cashing, reloadable prepaid US Money Cards, and walk-in bill payments.

Founded by Allan Jones in 1993, Check Into Cash prides itself on the transparency of its services. The company aims to be a beacon of honesty in what is seen by many as a shady industry. As a founding member of the Community Financial Services Association of America (CFSA), which regulates the payday loans industry, Check Into Cash aims to provide trustworthy service to all those in need of short-term cash advances.

The redesign of the website will make it easier than ever to understand and access affordable short-term credit options from Check Into Cash. It is our goal that visitors fully understand their options, the cost of those options, and how to access the credit they need. says Martin Pippin, Director of Online Marketing at Check Into Cash. One example of how this is accomplished is through geolocation. Site visitors are identified by IP address and given information specific to their state. This removes multiple clicks and the opportunity for confusion as users search to find out about what services are available to them.

Contact:

Martin Pippin

mpippin(at)checkintocash(dot)com

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/5/prweb9509103.htm

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Cleveland, Tenn.-based Check Into Cash released a revamped website Tuesday that the company said is designed to target the growing online payday loan market.

While Check Into Cash is among the top five brick-and-mortar payday retailers in the nation, officials said they are working hard to gain market share online as well.

Were the number 2, 3 or 4 as far as retail, but were dramatically less than that online, said spokesman Martin Pippin.

To set Check Into Cash apart from competitors who release few details about themselves to customers, Pippin said that the new site is as transparent as the company can make it.

We just wanted to make sure that what we did was as transparent as possible and to make sure that the people that came to our site didnt get swept up into the hidden details, Pippin said.

Unlike other sites that operate out of Bermuda or utilize the so-called Sovereign Nation model to escape rules and regulations, the new site allows loan seekers to view the companys lending certificate on a state-by-state basis, said John Weiss, vice president of the companys Internet payday lending division.

We are trying to increase our presence and effort in cyberspace, recognizing thats the evolution of current day society, Weiss said.

The company also modifies its lending terms based on the rules of the state where the loan seeker lives, he said.

Everything is homegrown here in the United States, Weiss said. We operate under state law.

Despite the tough competition from a growing array of lenders operating multiple websites with different brand names, Weiss said Check Into Cash will stick with its current single-site model. He believes that government regulators eventually will shut down competitors that are operating outside of the rules, and that consumers will be drawn to Check Into Cashs lower, legal rates.

We are just the good-old boys who are trying to do right by the rules and letting the chips lie where they may, Weiss said. The people who are out there playing Internet game tricks and doing offshore models and things like that, eventually their business will be our business.

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Payday-loans-uk.org: UK Consumers Can Use a Payday Loan for an Impromptu Trip
UK consumers can use a payday loan to go on an impromptu trip, either with family and friends or even on their own, asserts payday-loans-uk.org, a website with information about short-term cash loans. Even though payday loans are mostly used as a convenient solution in the case of various emergency situations, they may have other, non-emergency applications as well, such as using a payday loan for a quick and unplanned vacation.

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