| Business Summary | | Pawnmart,
Inc.
is
a
specialty
finance
and
retail
enterprise
principally
engaged
in
establishing
and
operating
stores
that
advance
money
secured
by
the
pledge
of
tangible
personal
property
and
sell
pre-owned
merchandise
to
value-conscious
consumers.
The
Company
generates
income
in
two
ways:
through
collection
of
a
monthly
service
charge
from
advancing
money
to
individuals
based
primarily
upon
the
estimated
resale
value
of
pledged
personal
property
such
as
jewelry,
consumer
electronics,
tools,
musical
instruments,
firearms,
automobiles
and
other
miscellaneous
items,
and
through
profit
realized
on
the
retail
sale
of
the
unredeemed
or
other
purchased
pre-owned
merchandise.
As
of
January
2001,
the
Company
owned
and
operated
45
stores
located
in
Alabama,
Florida,
Georgia,
North
Carolina,
South
Carolina
and
Texas. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Pawnmart,
Inc.
is
engaged
in
establishing,
acquiring
and
operating
pawnshops
that
lend
money
on
the
security
of
pledged
tangible
personal
property.
For
the
nine
months
ended
10/28/00,
total
revenues
rose
42%
to
$20.4
million.
Net
loss
applicable
to
Common
increased
64%
to
$3.6
million.
Revenues
reflect
increased
comparable
store
sales
and
revenues
from
New
Stores.
Net
loss
reflects
increased
interest
expenses
and
increased
store
operating
costs. | More
from
Market Guide: Significant
Developments |
| | |
| Position | John Boudreau | Chairman,
CEO | Robert Schleizer | CFO,
Sr. VP, Director | Randall Haden, 39 | VP
-- Information Systems |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|