Letter from the President

We again have experienced another great sales month, Congratulations!! All locations except one exceeded their monthly projections, but we overall for instore sales. We ended up 20% for the month of April for our instore sales. The pawn service charges were off just a little which is a good number for the drop in our loan balance. We are definitely doing something correct. Awesome job team! I am expecting another few great months of strong sales, and I am also predicting a turn in your loan balance or at the very least a smaller drop in our loan balance and hopefully soon a turn and we start seeing some growth. Two locations did end up growing in April, that is promising. Wayne, Javier, Tony and I have been aggressively trying to fill our showcases and will continue to search for inventory to keep the cases filled and sales up.

We have an exciting event coming up in May. The California Pawnbrokers Associations virtual conference. All locations will have access to this event, and I am sure there will be some great take a ways from this virtual conference. Also, CAPA will be hosting an in-person convention this coming October. This will be the first in person pawnbroking event in California in almost 2 years. Things hopefully will be coming back to normal.

Finally, I would like to wish all the mothers a Very Happy Mother's Day. You all deserve it, I know how hard my mother of eight worked and whether you have one or eight being a mom is physically and emotionally an extremely difficult job, so enjoy your day. That cannot be recognized without mentioning to push those sales on those Mother’s Day gifts!

Gratefully,

Stan Lukowicz Jr.