Dinewise, Inc. (DWIS) Releases New Corporate Structure
Dinewise (DWIS) has announced a major corporate restructuring, including a name change to Superstar Platforms, Inc. The rebranding honors Mel Farr Sr., known as the Superstar Dealer, who built the largest African American business in the country during the 1990s.
The company is actively pursuing strategic acquisitions, with negotiations underway to acquire TitlePal, a fintech company specializing in online Title Pawn transactions. The deal is expected to close in Q2 2025 with minimal shareholder dilution. Additionally, the company is in advanced talks to become the exclusive North American distributor for an unnamed multinational automotive company.
The company's subsidiary PawnTrust, a specialized marketplace for pawn shops, is scheduled to launch in June 2025. Superstar Platforms is also preparing to file a registration statement to become a fully SEC-reporting company.
Dinewise (DWIS) ha annunciato una significativa ristrutturazione aziendale, inclusa una modifica del nome in Superstar Platforms, Inc. Il rebranding onora Mel Farr Sr., noto come il Superstar Dealer, che ha costruito la più grande azienda afroamericana del paese negli anni '90.
L'azienda sta attivamente perseguendo acquisizioni strategiche, con negoziati in corso per acquisire TitlePal, una società fintech specializzata in transazioni online di Title Pawn. L'accordo dovrebbe chiudersi nel secondo trimestre del 2025 con una minima diluizione per gli azionisti. Inoltre, l'azienda è in trattative avanzate per diventare il distributore esclusivo per il Nord America di un'azienda automobilistica multinazionale non nominata.
La sussidiaria dell'azienda, PawnTrust, un mercato specializzato per i negozi di pegno, è prevista per il lancio a giugno 2025. Superstar Platforms si sta anche preparando a presentare una dichiarazione di registrazione per diventare una società completamente reportante alla SEC.
Dinewise (DWIS) ha anunciado una importante reestructuración corporativa, que incluye un cambio de nombre a Superstar Platforms, Inc. El cambio de marca rinde homenaje a Mel Farr Sr., conocido como el Superstar Dealer, quien construyó el negocio afroamericano más grande del país durante los años 90.
La empresa está buscando activamente adquisiciones estratégicas, con negociaciones en curso para adquirir TitlePal, una empresa fintech especializada en transacciones de Title Pawn en línea. Se espera que el acuerdo se cierre en el segundo trimestre de 2025 con una dilución mínima para los accionistas. Además, la empresa está en conversaciones avanzadas para convertirse en el distribuidor exclusivo en América del Norte de una empresa automotriz multinacional no nombrada.
La subsidiaria de la empresa, PawnTrust, un mercado especializado para casas de empeño, está programada para lanzarse en junio de 2025. Superstar Platforms también se está preparando para presentar una declaración de registro para convertirse en una empresa completamente informante ante la SEC.
Dinewise (DWIS)는 Superstar Platforms, Inc.로 이름을 변경하는 주요 기업 구조조정을 발표했습니다. 이번 리브랜딩은 1990년대에 미국에서 가장 큰 아프리카계 미국인 사업체를 설립한 Superstar Dealer로 알려진 Mel Farr Sr.를 기립니다.
회사는 전략적 인수를 적극적으로 추진하고 있으며, 온라인 Title Pawn 거래를 전문으로 하는 핀테크 회사인 TitlePal 인수를 위한 협상이 진행 중입니다. 이 거래는 2025년 2분기에 마무리될 것으로 예상되며, 주주 희석은 최소화될 것입니다. 또한, 회사는 이름이 공개되지 않은 다국적 자동차 회사의 북미 독점 유통업체가 되기 위한 고급 논의 중에 있습니다.
회사의 자회사인 PawnTrust는 전당포를 위한 전문 시장으로 2025년 6월에 출시될 예정입니다. Superstar Platforms는 또한 SEC에 완전 보고 회사로 등록하기 위한 등록 성명을 제출할 준비를 하고 있습니다.
Dinewise (DWIS) a annoncé une restructuration d'entreprise majeure, y compris un changement de nom en Superstar Platforms, Inc. Le rebranding rend hommage à Mel Farr Sr., connu sous le nom de Superstar Dealer, qui a construit la plus grande entreprise afro-américaine du pays dans les années 1990.
L'entreprise poursuit activement des acquisitions stratégiques, avec des négociations en cours pour acquérir TitlePal, une entreprise fintech spécialisée dans les transactions de Title Pawn en ligne. L'accord devrait se conclure au deuxième trimestre 2025 avec une dilution minimale pour les actionnaires. De plus, l'entreprise est en pourparlers avancés pour devenir le distributeur exclusif en Amérique du Nord d'une entreprise automobile multinationale non nommée.
La filiale de l'entreprise, PawnTrust, un marché spécialisé pour les prêteurs sur gage, devrait être lancée en juin 2025. Superstar Platforms se prépare également à déposer une déclaration d'enregistrement pour devenir une entreprise entièrement soumise à la SEC.
Dinewise (DWIS) hat eine bedeutende Unternehmensumstrukturierung angekündigt, einschließlich einer Namensänderung in Superstar Platforms, Inc. Das Rebranding ehrt Mel Farr Sr., bekannt als der Superstar Dealer, der in den 1990er Jahren das größte afroamerikanische Unternehmen des Landes aufbaute.
Das Unternehmen verfolgt aktiv strategische Übernahmen, wobei Verhandlungen zur Übernahme von TitlePal, einem Fintech-Unternehmen, das sich auf Online-Title-Pawn-Transaktionen spezialisiert hat, im Gange sind. Der Deal soll im 2. Quartal 2025 abgeschlossen werden, mit minimaler Verwässerung für die Aktionäre. Darüber hinaus befindet sich das Unternehmen in fortgeschrittenen Gesprächen, um exklusiver nordamerikanischer Distributor eines nicht benannten multinationalen Automobilunternehmens zu werden.
Die Tochtergesellschaft des Unternehmens, PawnTrust, ein spezialisierter Marktplatz für Pfandhäuser, soll im Juni 2025 starten. Superstar Platforms bereitet sich auch darauf vor, eine Registrierungsmitteilung einzureichen, um ein vollständig SEC-meldendes Unternehmen zu werden.
- Strategic acquisition of TitlePal fintech company with minimal shareholder dilution
- Potential exclusive North American automotive distribution agreement in advanced negotiations
- Planned transition to become fully SEC-reporting company
- Launch of PawnTrust marketplace platform in June 2025
- None.
Dinewise files for Name Change and negotiates with Acquisition Targets
ATLANTA, GA, March 26, 2025 (GLOBE NEWSWIRE) -- Dinewise, Inc (OTC PINK-DWIS) (referred to as "Dinewise", "we", "us", "our" or the "Company") A leading national technology conglomerate specializing in automotive, fintech, and entertainment solutions officially announces its rebranding and strategic acquisition targets today.
The Dinewise Board of Directors has approved a corporate name change, which is currently being filed with the State of Nevada. The company will now be known as Superstar Platforms, Inc. ("Superstar"), in honor of its patriarch, Mel Farr, Sr., who was widely recognized as the Superstar Dealer. Mel Farr, Sr. embodied the American Dream, rising from humble beginnings in Beaumont, Texas, to becoming the largest African American business in the country during the 1990s. He was a pioneer in the automotive and retail industries, creating opportunities for countless others. His iconic jingle, "Mel Farr, the Superstar, for a Farr Better Deal," still resonates with many, even decades later.
Superstar Platforms will serve as the parent company that owns and controls a diversified portfolio of subsidiaries across various industries. Growth will primarily be driven through strategic acquisitions. The company is finalizing its negotiations with TitlePal, a fintech company that has developed an innovative online solution for Title Pawn transactions, and anticipates closing the acquisition in Q2/ 2025 with minimal shareholder dilution. Additionally, Superstar is in advanced discussions to become the exclusive North American distributor for a multinational automotive company.
PawnTrust, the company’s specialized marketplace for pawn shops, will now operate as a subsidiary of Superstar. The platform is scheduled to launch in June 2025.
"My father frequently quoted Lucius Annaeus Seneca, saying, 'If a man does not know to which port he sails, no wind is favorable.' The corporate structure we’ve built serves as the foundation for our success. With this structure in place, we can intensely drive our initiatives forward," Michael Farr, Chief Executive Officer.
Superstar Platforms, Inc. is now positioned to file a registration statement, moving swiftly toward becoming a fully SEC-reporting company.
About Superstar Platforms
Superstar Platforms, a leading national technology conglomerate, owns PawnTrust— a specialized marketplace designed exclusively for the approximately 11,000 pawn shops across the country. The online marketplace (www.pawntrust.com) digitizes the inventory using advanced image recognition algorithms to automate item descriptions of the participating pawn shops and markets them on a national scale. The marketplace contains cutting-edge technology that streamlines the borrowing, buying, and bartering transactions typically found at a pawn shop. The platform plans to leverage Artificial Intelligence (AI) to optimize pricing, reduce fraud, and create personalized search recommendations to enhance the customer's experience. These enhancements let consumers experience a frictionless shopping experience on their mobile app that gives them instant access to this nationwide inventory of pawn shops. Not only does this provide a more efficient way for consumers to shop, eliminating the need to visit multiple stores, but it also amplifies the reach of individual pawn shop owners. By joining the PawnTrust- 'Pawn Partners' network, shop owners gain access to a broader audience, enhancing their visibility and sales opportunities. This innovative approach aligns customer convenience with business growth, reshaping how people interact with the pawn industry. Consumers that purchase items outside of their local area will have their items conveniently shipped to them. As the intermediary in each transaction, PawnTrust earns a fee on every item sold in the marketplace. Many of these local pawn shops lack an online presence or the capital to market their inventory on a national scale. By bridging this gap, PawnTrust opens up opportunities for incremental sales from a wider buying base, effectively transforming the pawn shop and micro-lending industries. This model not only supports local businesses but also extends their reach, driving growth and innovation within the market."
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.
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FAQ
When will Dinewise (DWIS) complete its name change to Superstar Platforms?
What is the expected timeline for DWIS's TitlePal acquisition?
When will PawnTrust marketplace launch under Superstar Platforms?
What are the main business segments of DWIS's new Superstar Platforms structure?
