Dinewise Announce Third Quarter 2021 Results

Rhea-AI Summary

Dinewise, Inc (OTC:DWIS) reported a consolidated net income of $54,856, reflecting a 100% increase from 2020. The Company has successfully entered the alternative business lending sector with its brand PawnTrust, which focuses on providing small business loans to pawn shops and liquor stores. This innovative funding model is designed to reduce costs while expanding market share and profitability. Dinewise aims to replicate PawnTrust’s success in the retail liquor sector, demonstrating strong growth potential.

Positive

• Consolidated net income rose to $54,856, over 100% increase from 2020.
• Successful entry into the alternative business lending space.
• PawnTrust shows growth potential in both pawn shops and liquor stores.

Negative

• None.

ATLANTA, GA / ACCESSWIRE / November 15, 2021 / Dinewise, Inc (OTC:DWIS) (referred to as the "Company", "Dinewise", "we", "our", or "us") today announced consolidated net income of $54,856 up over 100% for the same period in 2020. "We have successfully made the transition into the alternative business lending space and are looking to continued growth in the future." Christina Moore, Director.

Dinewise, through its brand PawnTrust remains committed to the local entrepreneur. PawnTrust makes small business loans to Pawn Shops and Liquor Stores. PawnTrust with its innovative virtual funding model decreases cost while gaining market share and profitability. PawnTrust has become a unique dominating provider of capital to Pawn Shops and looks to duplicate that success in the retail Liquor, Beer and Wine space.

https://www.otcmarkets.com/otcapi/company/financial-report/310888/content

Contact

PawnTrust Investor Relations
(888) 243-2680
invest@pawntrust.com

Forward-Looking Information

This release includes statements that may constitute ''forward-looking'' statements, usually containing the words ''believe,'' ''estimate,'' ''project,'' ''expect'' or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While the Company believes the expectations reflected in forward-looking statements are reasonable, there can be no assurances such expectations will prove to be accurate. Security holders are cautioned such forward-looking statements involve risks and uncertainties. Certain factors may cause results to differ materially from those anticipated by the forward-looking statements made in this release. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, risks and uncertainties related to the current unknown duration and severity of the COVID-19 pandemic and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

SOURCE: Dinewise, Inc.

View source version on accesswire.com:
https://www.accesswire.com/672927/Dinewise-Announce-Third-Quarter-2021-Results

FAQ

What is Dinewise's recent financial performance for Q3 2021?

Dinewise reported a consolidated net income of $54,856 for Q3 2021, which is over a 100% increase compared to the same period in 2020.

How has Dinewise entered the lending market?

Dinewise has transitioned into the alternative business lending space through its brand PawnTrust, focusing on providing loans to pawn shops and liquor stores.

What is the strategy of PawnTrust for market expansion?

PawnTrust aims to reduce costs and increase profitability through its innovative virtual funding model while looking to expand into the retail liquor space.

What are the risks associated with Dinewise's forward-looking statements?

Dinewise's forward-looking statements involve uncertainties, including market acceptance of products and the impact of COVID-19.