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Dinewise, Inc Increases its Lending Power

MARIETTA, GA / ACCESSWIRE / July 7, 2022 / Dinewise, Inc (OTC PINK:DWIS)(referred to as "Dinewise", "we", "us", "our" or the "Company")announced it has increased its lending power to support small businesses. Dinewise has signed a Letter of Credit that will allow it to double its receivable base in Q3 2022. Dinewise, through its brand PawnTrust remains committed to the local entrepreneur. During these tough economic times, Dinewise has stood by its borrowers to help increase their asset base. "We wanted to ensure that we had the availability of funds to increase our exposure with our borrowers, We accomplished that by closing on our Letter of Credit".. Christina Moore, Director of Dinewise.

Dinewise, Inc., Thursday, July 7, 2022, Press release picture

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.


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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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