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Dinewise - DWIS STOCK NEWS

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Dinewise Inc (DWIS) is a company that has transitioned from the food delivery and service business to the Fintech industry, with a focus on revolutionizing the pawn shop and microlending sectors. By acquiring PawnTrust, the company now operates in markets such as pawn shops, title pawn microlending, and NFT. PawnTrust acts as an intermediary between pawn shops and consumers, facilitating borrowing, buying, and bartering transactions through innovative technology and AI integration. The company's strategic priorities include market expansion, product innovation, digital transformation, operational enhancements, and improving customer experience.

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Dinewise, Inc. (OTC PINK: DWIS) has appointed Hima Arimanda as its new Technical Strategist. Arimanda brings extensive experience from his roles at a major health insurance provider, Amazon, and Equifax. His expertise is expected to enhance the development of PawnTrust’s marketplace, which aims to connect pawn shops with consumers through advanced technology. The company plans a comprehensive website overhaul to better serve this niche market, allowing users to buy, borrow, and barter via a mobile app.

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Dinewise (OTC PINK: DWIS) has launched PawnScan, a pioneering tool designed to transform the pawn shop industry. This platform allows users to pawn or sell items online, connecting them with over 7,825 verified pawn brokers nationwide. The unique API process enables customers to upload a photo of their item, facilitating live offers from pawn shops within a five-minute window. Set to go live in Q2 2023, PawnScan aims to streamline transactions and improve customer experience in the pawn marketplace.

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PawnTrust has launched PawnScan, a groundbreaking tool allowing users to pawn or sell items through a verified network of over 7,825 pawn shops across the US. This innovative platform is the first of its kind in the industry, facilitating swift transactions via a unique API process. Consumers can photograph their items, submit them to the marketplace, and receive live offers within a five-minute window. Set to go live in Q2 2023, PawnTrust aims to streamline and digitize the pawn industry, providing a hassle-free experience for millions of Americans.

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Dinewise (OTC PINK:DWIS) is set to innovate the pawn shop industry with its PawnTrust platform, launching new features in January 2023. The 'Pawn It' and 'Sell It' options will enable near-instant quotes and payments for pawned items. Additionally, an NFT Marketplace will allow pawn shops to sell merchandise online. PawnScan, which lists verified pawn brokers, is now operational. In 2023, microlending services will be introduced, offering loans ranging from $100 to $5,000 with same-day funding. This positions PawnTrust as a leader in digital pawn services.

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Dinewise (OTC PINK:DWIS) introduces PawnTrust, a pioneering app in partnership with Cloud Revolute, transforming the pawn shop industry by providing a global online platform. This data intelligence platform enhances lending security and offers worldwide access to verified pawn shops, breaking geographical barriers. The launch features PawnScan, an AI-based search tool, and plans for microlending to assist small businesses. Additionally, PawnTrust aims to incorporate NFT technology for a decentralized marketplace. The pawn market is projected to grow significantly from its $3 billion valuation in 2021.

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Dinewise, Inc (OTC PINK:DWIS) reported a net income of $149,198 for the nine months ending September 30, 2022, marking an over 300% increase from $54,856 a year earlier. The third quarter results reflect consistency in financial statements and ongoing business model expansion. The company also finalized its acquisition of PawnTrust, Inc in December 2021, further enhancing its business model as a market disruptor through an innovative online pawn and micro-lending platform. This strategic move aims to integrate technology and data to revolutionize the industry.

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Dinewise, Inc. (OTC PINK:DWIS) has announced a significant enhancement in its lending capacity, aimed at supporting small businesses. The company has signed a Letter of Credit, effectively doubling its receivable base in Q3 2022. Through its PawnTrust brand, Dinewise continues to aid local entrepreneurs during challenging economic periods. The innovative virtual funding model of PawnTrust is set to increase profitability and market share, extending its loan services to liquor stores alongside pawn shops.

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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.

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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.

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Dinewise (OTC PINK:DWIS) reported a net income of $31,171 for the first half of 2021, a significant increase from $15,354 in the same period in 2020. This growth is attributed to the transformation of its business model through PawnTrust, which focuses on micro lending targeted at Pawn Shops. The new logo represents the company's goals and reflects the historical significance of pawn banking. PawnTrust aims to provide small business loans to Pawn Shops, utilizing a unique virtual funding model to improve market share and profitability.

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FAQ

What is the current stock price of Dinewise (DWIS)?

The current stock price of Dinewise (DWIS) is $0.0499 as of February 21, 2025.

What is the market cap of Dinewise (DWIS)?

The market cap of Dinewise (DWIS) is approximately 3.2M.

What industry does Dinewise Inc operate in?

Dinewise Inc has transitioned from the food delivery and service business to the Fintech industry, with a focus on revolutionizing the pawn shop and microlending sectors.

What is the role of PawnTrust in Dinewise Inc's operations?

PawnTrust acts as an intermediary between pawn shops and consumers, facilitating borrowing, buying, and bartering transactions through innovative technology and AI integration.

What are Dinewise Inc's strategic priorities?

Dinewise Inc's strategic priorities include market expansion, product innovation, digital transformation, operational enhancements, and improving customer experience.

What are Dinewise Inc's financial goals?

Dinewise Inc aims to reduce debt, secure a credit facility for lending, and increase liquidity to pursue growth opportunities in the Fintech sector.
Dinewise

OTC:DWIS

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DWIS Stock Data

3.22M
132.73M
Credit Services
Financial Services
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United States
Farmingdale