×

Pawn Plus Announces Appointment of New President

BROOMALL, Pa., Sept. 05, 2017 (GLOBE NEWSWIRE) -- Pawn Plus, LLC, a regional pawn broker and retail chain, continues to build out its plan to grow the chain by appointing key personnel to executive positions. Effective September 1, 2017, Joe Martino assumed the role of President for Pawn Plus, a Hunting Dog Capital venture company.

Martino has operated as the CFO of Pawn Plus since he joined the organization in August 2016. Prior to joining Pawn Plus, he held various executive finance positions at companies in the greater Philadelphia area. Martino is an alumnus of Fox School of Business and Management at Temple University.

“Joe has been a critical factor in our efforts to stabilize the Pawn Plus business and institute a turn-around strategy,” said Chris Allick, Managing Member and Co-Founder at Hunting Dog Capital. “We are excited for Joe to take the helm as President and continue to build out the success of the Pawn Plus chain.”

Pawn Plus has been operating in the pawn loan brokerage business for almost 25 years with 6 locations throughout Pennsylvania and Ohio. Many people depend on Pawn Plus and the services they provide to help them meet daily financial needs not offered by other financial institutions. Pawn Plus customers represent the working families of America who periodically experience an unexpected need for short-term funds or seek quick cash for previously owned merchandise. Pawn Plus helps families through challenging economic times by providing non-recourse, small dollar, short-term loans in addition to a menu of other money management services when they have nowhere else to turn.

“I have truly enjoyed being part of the executive leadership team at Pawn Plus for the last year and am excited to have the opportunity to continue contributing to our future success as President,” said Martino. “We have a strong group of employees that are dedicated and passionate about serving our customers and upholding the Pawn Plus principles. It is not only a great place to work, but also to do business, according to our most loyal customers.”

About Pawn Plus, LLC

Pawn Plus, LLC is a regional financial services retailer that offers short-term loans and additional money management services such as check cashing, bill payment, money orders, Western Union and various other services. Pawn Plus also buys and sells merchandise such as jewelry, home electronics, computers, sporting goods and memorabilia, collections, video games, tools and many other previously owned items. At select locations additional services such as office services, notary services, and tax return filing are available. The retailer also sells select items on various e-commerce platforms. Pawn Plus complies with local, state, and federal regulations and laws and provides local law enforcement with transaction data as required. For more information, please visit www.pawnplus.com.

About Hunting Dog Capital

Hunting Dog Capital (HDC) is a San Francisco-based investment manager that specializes in providing flexible financing, primarily in the form of senior-secured term loans, to lower middle-market U.S. companies. Hunting Dog Capital’s Principals have worked together since 2002 and have extensive transaction experience that includes private debt, investment banking and corporate finance. HDC targets investment opportunities with businesses that generate between $5 million and $50 million of annual revenue. Business owners use HDC capital to facilitate acquisitions, refinance existing debt or for general corporate purposes to enable growth. For more information, please visit www.hdcap.com.

For more information, visit www.pawnplus.com or contact Dawn Pelon, Think3 Marketing at 610-585-7901, dpelon@think3marketing.com.

Source: Pawn Plus