President’s Letter

I would like to talk a bit about my family. Many of you already know but here is some information on me and my family for our new team members. My youngest daughter turned 14 and that is crazy to me. Being a father of three growing daughters is fun, ever-changing, and stressful but always worth it. My oldest daughters, Lauren, she graduated from the University of Alabama one year ago, (Roll Tide) moved to Atlanta with a job at an accounting and financial investment firm and she is pursuing her masters in finance in August of this year; she also puts our newsletter together and manages our suite at the Golden 1 Center. Lilly is my middle daughter, and she is 17 and a junior in high school, she is extremely excited to be soon going into her senior year which happens immediately after her last day of her junior year middle of May. My youngest daughter is London, she turned 14 on the 23rd of April, she is in the seventh grade and the sweetest of all my girls (all my daughters agree so this is not a mean thing to say, ha-ha); London is looking forward to being a big eighth grader which leads to high school. I am so proud of all my girls they make every day special to me.

The month of April was not without its challenges, but together we rose above them and continued to move forward. As always, we had some team member situations, we had a good growth month, but sales struggled a bit. The tax return money did not last as long as we would have liked. We are still strong as a company and have done an extremely excellent job of maintaining capital and our growth as well as maintaining this inflationary period that is affecting all of us. Gold and silver are staying strong, which will help us continue to grow. We had a California Pawnbrokers Association (CAPA) conference at the end of April which was successful. Wayne, Javier, Justin, and Mark will provide some of their takeaways and if you have more detailed questions, please ask. We love to open these conferences to all our team members; they are fun and educational. A few things discussed at our board meeting that will affect us directly are a continuing education program for all licensed pawnbrokers which will elevate our industry and a pawn fee modernization topic. These will be worked on legislatively moving forward and make us be able to stay viable and profitable in the years to come. We are also working with our software vendors to allow us more ability to do online or app-based transactions and finally we talked about our spring conference in Long Beach at the end of September. Show us why you are the one we will bring!

Thank you again for all you do for our Loyalty Pawn Family, keep up the magnificent work and let's learn and grow as a team.

Gratefully,

Stan Lukowicz, III