PawnTrust Marketplace Set to Launch

Rhea-AI Summary

Dinewise (OTC PINK:DWIS) announced the early launch of its AI-powered online marketplace, PawnTrust, responding to positive demand from local pawn shops. Contracts with pawn partners in metro Atlanta will display their inventories on pawntrust.com. The platform aims to enhance shopping convenience and accessibility while leveraging AI technology for quick product identification and description generation. With historically significant profit margins, PawnTrust enhances revenue potential for local pawn shops. The launch is expected to positively impact the company's revenue projections for the year, according to Director Christina Moore.

Positive

• PawnTrust's early launch capitalizes on strong demand from local pawn shops.
• Partnerships with local pawn shops in Atlanta enhance inventory exposure nationally.
• AI technology improves user experience and operational efficiency.

Negative

• None.

ATLANTA, GA / ACCESSWIRE / February 27, 2023 / Dinewise, Inc (OTC PINK:DWIS)(referred to as "Dinewise", "we", "us", "our" or the "Company") announces that it expects to go live with its AI powered online market place today. The demand from local pawn shops have been extremely positive, prompting PawnTrust to launch its marketplace ahead of schedule. PawnTrust has signed contracts with local Pawn Shops in the metro Atlanta area to become pawn partners. These pawn partners will have their inventory on display for purchase at www.pawntrust.com. PawnTrust makes shopping at a pawn shops easier and more accessible than ever. Utilizing our cutting-edge AI technology, consumers will be able to find the exact products they request within a few clicks. Our innovative platform allows local pawn shop immediate and national exposure of their inventory. Historically 50% of a pawn shops revenue derives from the sale of inventory and produces profit margins from 35% to 45%. PawnTrust enables these local pawn shops the ability to access these profit margins faster and more efficiently without additional expense. "Launching our marketplace today; ahead of schedule, gives us a jump start on our revenue projections for the year. " Christina Moore, Director. With PawnTrust set to go live today, Customers will be able to purchase an array of products, add them to their cart, securely pay, and have the item(s) shipped to their desired location. PawnTrust invites consumers to experience the future of buying from a Pawn Shop.

About PawnTrust

PawnTrust is the only marketplace exclusively for Pawn Shops. It allows users to buy, borrow and barter through an app on their mobile phone. PawnTrust has established Pawn Partners; which are local Pawn Shops, in which inventory is extrapolated into the PawnTrust Marketplace. This allows the Pawn Shops to immediately and seamlessly have their inventory displayed nationally. PawnTrust uses Artificial Intelligence (AI) in the marketplace platform to automate various workflows including advance image recognition algorithms. Items are automatically identified and descriptions are generated with remarkable accuracy which speeds up the process and standardizes the descriptions. This has the potential to transform the pawn industry where descriptive tags help to create a context based search for a user friendly interface. Using AI will bring an immersive and engaging experience.

Contact

PawnTrust Investor Relations
(650) 228-0680
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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FAQ

What is the significance of Dinewise's AI-powered marketplace launch?

The launch of the AI-powered marketplace, PawnTrust, is significant as it allows local pawn shops to display their inventories nationally, improving accessibility and potential revenue.

When did Dinewise launch its marketplace PawnTrust?

Dinewise launched its marketplace PawnTrust on February 27, 2023, ahead of schedule.

How does PawnTrust benefit local pawn shops?

PawnTrust benefits local pawn shops by providing national exposure for their inventory and leveraging AI to enhance sales efficiency and customer experience.

What profit margins do pawn shops typically see?

Typically, pawn shops derive 35% to 45% profit margins from the sale of their inventory.

Where can consumers shop for pawned items?

Consumers can shop for pawned items at www.pawntrust.com.