SEATTLE (WA), September 9th, 2006 – PeoplePawn, a Seattle pre-revenue financial services and specialty retail start-up, today announced that effective Friday September 9th, 2006, Charles Higgins will join the executive management team as Vice-President of Business Development & Investor Relations.With a B.A. From Berkeley, Charles began his professional career managing technical relationships for Fortune 500 Companies for his first five years before joining Oracle within their Operations team, after which he helped found the first of five successive start-up’s. Charles Higgins was the recipient of the “Entrepreneur of the Year Award” in Oregon, before relocation to Seattle to commence his new responsibilities as Vice-President of Business Development & Investor Relations."I am excited about coming to work with PeoplePawn. I truly believe that PeoplePawn's unique and thoroughly researched value proposition and Patrick’s decades of retail and pawn experience position PeoplePawn perfectly for rapid growth. I have spent many years working with early stage startups, and in all that time this opportunity is the largest, most easily obtainable that I have been involved with". Patrick Lawrence Kane (Founder& CEO of Peoplepawn) stated that “This is a defining moment in the pre-revenue activities for PeoplePawn. Having Charles on board will allow PeoplePawn to initiate an aggressive funding campaign in order to achieve our pre-revenue finance goals. Besides being a seasoned executive with the necessary skills and understandings on what it takes to be a successful start-up, Charles brings a unique set of skills and experiences in communications and successes with the VC & Angel community”.
PeoplePawn is a Seattle based pre-revenue financial services and specialty retail start-up. Upon the successful completion of initial funding, PeoplePawn plans to open and operate a multi-unit chain of stores in the Pacific Northwest beginning in Seattle, where it already has secured a lucrative city issued pawnbroker license. PeoplePawn will launch the first store and e-tail strategy within the current $9.2B national market which currently experiences only 12% consolidation. Planning big, bright and beautiful storefronts, integrated with systems and processes to hire, train and retain long-term personnel, PeoplePawn plans on opening a minimum of 10 store locations in the next 5 years.
