Dinewise Expands its Lending to Other Small Business Retailers
Dinewise, Inc (OTC PINK:DWIS) announced the closing of funding aimed at expanding into the retail spirits sector by financing local liquor stores. This move allows Dinewise's brand, PawnTrust, to support local entrepreneurs effectively. The funding is expected to double PawnTrust's receivables in Q4 2021 while maintaining profit margins. Utilizing an innovative virtual funding model, PawnTrust aims to enhance its market share and profitability in the liquor industry, following its success with pawn shops.
- Expansion into the retail spirits, beer, and wine industry.
- Projected doubling of receivables in Q4 2021.
- Maintaining existing profit margins.
- Innovative virtual funding model enhances cost efficiency.
- None.
MARIETTA, GA / ACCESSWIRE / September 14, 2021 / Dinewise, Inc (OTC PINK:DWIS) (referred to as "Dinewise", "we", "us", "our" or the "Company")announced it has closed on funding for additional small business. Dinewise has entered into the retail spirits, beer and wine industry by funding neighborhood liquor stores. Dinewise, through its brand PawnTrust remains committed to the local entrepreneur. "We continue to look for areas to support our local business, while maintaining profitability. It was just a natural fit." Christina Moore, Director of Dinewise. This expansion will give PawnTrust the ability to double its receivables in 2021-Q4 and maintain the same profit margins it has garnered over the years.
PawnTrust makes small business loans to Pawn Shops and now 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.
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.
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