1. 1. 2012 Launch of the Cash-My-Check Full Self-Serve Check Cashing Kiosk INVESTOR PROPOSAL
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3. 3. CMC Financial Services is an industry leader in Check Cashing/Financial Services. CMC Financial Services check cashing service is a convenient and an easy source of transaction for all individuals, who are unable to use traditional banking for any reason. CMC Financial Services have targeted the Unbanked and Under-banked population. Our competitive advantage stems from a variety of financial products and services such as: ATM, Check Cashing, Wire Transfer, Bill Pay and Money Order all in a kiosk, NO EMPLOYEES, NO OVERHEAD and LOWER INSURANCE PREMIUMS CMC Card Features: Customers takes a picture of their check and pay their bills with their CMC Card it will post to the customers account in REAL time not 2 days later. The remote check deposit feature has a Trademark pending the phrase: PointClickDeposit and the bill payment phrase PointClickPay. The difference between our products and services and other companies providing similar services are: their products and services are catered to the Banked and Cash-My-Check and CMC Card targets the Un- Banked and Under-Banked population. CMC Kiosk has patent pending technology which entails: Webcam, Biometric Finger Scanner, 3D Facial Recognition and Signature Verification. The 3D Facial Recognition first gets an image of the person's face (it has a heat sensory to verify that it is a human being not a piece of paper), the face has to cross match the face that is in front of the kiosk to the face on the driver's license, signature has to match signature on back of the check and driver's license and lastly the fingerprint must not appear in our database and it must match the biometric on their license. Our CMC Card will be the first prepaid debit card that has mobile remote check deposit and bill pay. CMC Financial Services is seeking $500,000 in return for 30% equity in the company. The funds will be used for ordering 6 kiosks, marketing, software, maintenance, implementation and operation costs. Investor Letter
4. 4. Introduction Norcross, GA (October 22, 2010) Cash-My-Check, Inc. aka (CMC Financial), the nationwide leader in full service check cashing, check-to-card, and check guarantee solutions. CMC Financial Services have launched the first full self-service check cashing kiosk in the market capable of cashing any type of check utilizing our new cutting edge technology-3-D Facial Recognition. The total time from start to finish when a customer enters our kiosk is 72 seconds for the first time registering and 27 seconds then after. CMC Financial Services is Bata testing and launching a soft launch of our kiosk in the first quarter of 2012.
5. 5. About the Kiosk Cash-My-Check (CMC) is an automated check cashing machine with the capabilities of check cashing, ATM, bill payment and electronic money order. Cash-My-Check (CMC) is a self service check cashing machine that provides real-time check verification for payroll, corporate and government checks. This Kiosk 100% self service! NO EMPLOYEES needed.
6. 6. Bill Payment Kiosk Functions Check Cashing ATM Wire Transfer Money Order Function 1 Function 2 Function 3 Function 4 Function 5
7. 7. About CMC Financial CMC Financial Services has created a kiosk that can do it all: ATM, Check Cashing, bill pay, send and receive money, dispense money orders as well as purchase and load a Prepaid Debit MasterCard and do it all in few seconds with a simple easy customer experience. CMC Financial Services has partnered with several apartment communities, hotels, car dealership and mortgage companies to promote client retention and convenience to its customers. Consumers will be able to pay any bill (Rent, Mortgage, Car Note, Insurance and much more) tight from the kiosk. We have been able to leverage our extensive experience in kiosk based money transfer and bill pay, and Cash- My-Checks check cashing technology to finally provide the solution everyone has been asking for. Now as a retailer or financial service provider you no longer need a fully staffed money center to meet all the financial needs of the 100+ Million and growing under- banked market. You can now leverage technology to economically offer the best services available, open all of the hours your location is open, giving your customers a faster, easier and simpler experience.
8. 8. About Cash-My-Check CASH-MY-CHECK is a Technology Enabled Business Process Outsourcer (BPO) that provides its clients with solutions for truly serving the nations under-banked population now estimated to be almost 100 million people. The gating factor for these consumers is their need to change all types of checks into cash or value. Cash-My-Checks flagship product enables any business to convert ALL types of checks to cash or to guarantee value loads onto Prepaid Cards or other prepaid products. The solution combines multiple national databases, rules engines, and proprietary technology with redundant 24/7 risk management centers. Cash-My-Checks risk centers are staffed with experts at check cashing and check fraud and can intervene in minutes to enable clients to successfully serve all consumers with all forms of identification cashing or loading all types of checks.
9. 9. Target Market The Un-Banked Statistics An estimated 28 million people in the U.S. dont have bank accounts often because of mistrust, cultural and language barriers or a belief that by the time the bills are paid nothing will be left for an account. About 44 million are considered under-banked, having an account but tending to rely on nonbank service providers, according to the FDIC. Unbanked people, many of whom are African Americans, Hispanics or immigrants, often turn to high-cost check cashers or payday lenders that can put them into a cycle of indebtedness, regulators and consumer advocates say. The survey showed that more can be done to reach out to this significant market, FDIC Vice Chairman Martin Gruenberg said in a statement. Government and industry need to work together to increase these individuals access to the mainstream banking system.
10. 10. Cutting Edge Technology Cash-My-Check, Inc. (CASH-MY-CHECK), the nationwide leader in full service check cashing, check-to-card and check guarantee solutions. CMC Financial Services will launched a full self-service check cashing kiosk in the market capable of cashing any type of check utilizing our new cutting edge technology-3-D Facial Recognition
11. 11. Facts on the Check Cashing Industry Over 30 million people cash checks annually. Customers are typically blue- and white collar workers involved in retail and service industries such as restaurants, hotels, auto repair, landscaping, daycare and line manufacturing. Twenty-nine percent of the 12 million households that rely on fringe lending are Hispanic and one-third are African American. The numbers certainly show the so called "un- banked" are rapidly becoming forces to be reckoned with - they generate $78 billion in gross revenue and $5.5 billion in fees each year. Check cashers, payday lender, pawnshops, rent- to-own stores and related institutions now engage in at least 280 million transactions annually.
12. 12. Kiosk Placement CMC Financial Services is now placing orders for our 2012 soft launch program. Many companies are seeing significant demand both among their existing client base and in new markets. CMC Financial Services mission is to provide the un-banked, under-banked and underserved population with the same financial services as a traditional bank. For that to happen, the core service for this consumer, check cashing, had to be fully available at the self-service kiosk. We think what we have built with CMC Financial Services breaks all previous barriers and will set the standard for future devices. This will enable our clients to expand their reach and availability in a more cost effective way.
13. 13. Kiosk Simplicity CMC Financial Services wanted to give its customers value-added services without compromising the safety of the consumer. Cash-My-Check and CMC Financial Services have developed a kiosk-based solution which has succeeded in maintaining CMC Financial Services trademark user simplicity while adding Cash-My-Checks trademark approval rates on all checks and IDs by still implementing a sense of safety with our unique and proprietary hardware and software.
14. 14. A worldwide stream
15. 15. Design Security camera Sunlight-viewable screen Touch screen Bill acceptor Card reader Barcode Reader Debit Card dispenser Cash dispenser Card printer Money Order Printer Check scanner Fingerprint scanner Receipt printer ADA voice guidance jack Lit key pad PCI PIN pad
16. 16. 3-D Facial Recognition Finger Print Biometrics Signature Verifier Security Functions
17. 17. Kiosk Specifications System Control Intel Pentium-IV processor Microsoft Windows XP platform Optional 12.1" TFT LCD Communication TCP/IP (SSL configurable) or Dial-up Application Software NDC+ DDC912 Customer Display 15" TFT LCD Optional sunlight viewable Optional touch screen Input Type 4 x 2 function keys PCI EPP (Encrypting PIN pad) ADA compliant Card Handling Dip-type card reader Optional IC card reader, EMV Level 1, 2 Printers 3.1" graphical thermal receipt printer Electronic journal Security UL291 business hour safe Standard electronic safe lock Security camera Optional KABA Mas Cencon safe lock Miscellaneous Guide lights Optional high-brightness topper Power Supply AC 110230V, 5060 Hz Back-up battery (last transaction and shut-down) Operating Environment Temperature: 32F104F Humidity: 25%85% Dimension and Weight Height: 51.2" (1,060 mm) Width: 16.1" (410 mm) Depth: 22.8" (580 mm) Weight: 265 lbs (120 kg) Cash Dispensing 2,000-note cassette Up to three cassettes (6,000 notes)
18. 18. Executive Summary CMC Financial Services, Inc. is incorporated to cater to the low-income, un-privileged, under-banked, under-served and the un-banked population, nationwide. Studies have revealed that by 2010, the U.S.A kiosk sector is expected to reach a worth of around $ 1200 billion. This sector was worth $548 billion in the year 2007. This reveals the growth potential of this sector, which would grow over 100% in just a span of five years. Similar are the findings of another study, which has revealed the self-service kiosk transactions to exceed $607 billion in the year 2008 in the U.S.A and Canada. These transactions exceeded $1.7 trillion by the year 2010. 50 million individuals across the U.S.A utilize the alternative financial services and more than 180 million checks are cashed via the cash- checking locations. Our service shall stand out from the rest, because we are introducing the service feature of facial recognition as a form of person verification.
19. 19. Marketing Opportunities There are many opportunities in the market for Cash-My-Check in the market, such as: After the recession, many consumers have gone bankrupt and have credit issues with his banks. These consumers are now heading for alternative financial services instead of traditional banking process to cash his checks or other financial instruments. This creates a great opportunity for check cashing services like us to benefit from. Other opportunities are that consumers are now more and more shifting towards ease, convenience and prefer services, which offer ease and are swift. So, our service will allow them access to cash their checks, other Instruments and pay their bills any time, with ease.
20. 20. Branding We will project Cash-My-Check as a brand, which will offer innovative idea of check cashing through self-service kiosks through out the United States. W e will position ourselves as the topnotch service provider offering multiple services including: check cashing, money orders, bill payment, etc.
21. 21. Marketing Objectives Our primary objectives are: The opportunity to focus on operations and service, while still achieving sales objectives and service metrics: Installation of thirty- five kiosks by the end of 2012 Reach 40 new customers a month for the first 12 months Develop a word-of-mouth reputation Achieve first year revenues of $2,364,839 in terms of checks cashed. Financial Objectives: Secure financing to implement our plans and gain enough profits to satisfy our investors and employees. CMC Financial Services will generate maximum revenue by offering multiple products/services to diversified segments.
22. 22. Exit Strategy The investors that provide the capital that is the subject of this document will have several exit opportunities available to them. Management believes that the most likely exit will come from the sale of the Company or licensing of its intellectual property to one of its strategic partners or to another enterprise. Other alternatives that would create a liquidity event for the investors might include a buy back of the outstanding shares using cash on the Companys balance sheet or through the exchange of the stock with long term capital provided by an institutional lender.
23. 23. Start-Up Summary
24. 24. Sales Projection
25. 25. Profit & Loss
26. 26. CMCFinancial.net info@cmcfinancial.net 5875 Peachtree Industrial Blvd Suite 140 Norcross, GA 30092 (770) 960-9962 (O) (678) 833-0698 (F) Questions? We are happy to help you!