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Company continues to align itself to fulfill obligations in its 90 Day plan
ATLANTA, GA / ACCESSWIRE / May 8, 2024 / Dinewise, Inc (OTC PINK:DWIS) (referred to as "Dinewise", "we", "us", "our" or the "Company") a company that is expanding in markets in the overall Fintech industry today announced that its Board of Directors has approved an increase in the number of authorized shares of the company's common stock and the introduction of a new class of shares.
The Increase in authorized shares is intended to provide the company with greater flexibility for financial growth and strategic initiatives mentioned in its letter to the Shareholders dated April 30, 2024. The additional authorized shares may be used for a variety of purposes, including raising capital, potential acquisitions, and issuing stock-based compensation plans.
In addition, the company introduced a new class of shares: Series A Preferred shares. This new class of shares is intended to consolidate control of the company to its founders and key stakeholders, ensuring its long term vision and strategic direction.
"We believe that increasing the number of authorized shares along with the introduction of the Series A Preferred share reflects our commitment to supporting our 90 day plan while keeping the long term vision of our founders." Christina Moore, Director.
About Dinewise (PawnTrust)
Dinewise (OTC PINK:DWIS) through its company PawnTrust is a marketplace exclusively for Pawn Shops. PawnTrust acts as an intermediary between the Pawn Shop and consumer using the best technology to streamline borrowing, buying and bartering transactions through an app on a 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 works like an amplifier. Many of these local stores do not have a web presence nor capital to market their inventory on a national basis. By leveraging the PawnTrust national marketplace the local store can create incremental sales from a wider range of buyers. PawnTrust uses Artificial Intelligence (AI) in the marketplace platform to automate various workflows including advance image recognition algorithms in which 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 customer experience.