AUSTIN, TX / ACCESSWIRE / February 22, 2023 / SmallCapVoice.com Inc. ("SCV") announces the availability of a new interview with Christina Moore, director of PawnTrust, a Dinewise Inc. (OTC PINK:DWIS) company. Along with an impending name and ticker symbol change to reflect its focus, PawnTrust is fine-tuning its operations to disrupt the global pawn shop market.
Speaking with SCV's Stuart Smith, Moore explains how PawnTrust evolved from its financing origins to also become a data intelligence platform in the pawn and microlending vertical, a model under which the company achieved revenue growth of 400% in 2022 and could see revenues of more than $10 million in the year ahead.
As part of its expansion, Pawn Trust is adding experienced members to its management team and building a base of partner pawn shops and helping them pivot from their antiquated methods to grow their sales and market reach through PawnTrust's digital marketplace.
"We look to have 1,000 pawn partners in 2023 and help them generate at least $120,000 in incremental sales per year by being on the Pawn Trust marketplace," Moore says. "By doing that, which is very conservative, Pawn Trust will create revenue in excess of $10 million. At PawnTrust, we just throw the party. We bring the buyers and sellers together and we make our revenue through a fee that is charged to the pawn shop monthly. PawnTrust is a perfect example of necessity, meeting creativity."
The full interview can be heard at https://www.smallcapvoice.com/2023-interview-dinewise-dwis/.
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 around the world. 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.
SmallCapVoice.com, Inc. is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies, small cap and micro-cap stocks build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, podcasts, as well as its clients' financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks in which they are interested. Tools like stock charts, stock alerts, and Company Information Sheets can assist with investing in stocks that are traded on the OTCMarkets. To learn more about SmallCapVoice.com and its services, please visit https://www.smallcapvoice.com/small-cap-stock-otc-investor-relations-financial-public-relations/.
This news release contains forward-looking statements that reflect Management's current views about future events and financial performance. Forward-looking statements often contain words such as ''expects,'' ''anticipates,'' ''intends,'' or ''believes.'' Our forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, our inability to patent products or processes, our infringement of patents held by others, our inability to finance our business and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission. The forward-looking statements in this news release are made only as of the date of this news release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.
PawnTrust Investor Relations
Stuart T. Smith
View source version on accesswire.com: