For_Immediate_
SEATTLE (WA), January 8, 2007 – PeoplePawn, a Seattle pre-revenue financial services and specialty retail start-up, today announced that effective Tuesday January 9th, 2007, the law firm of Orrick, Herrington & Sutcliffe LLP, will be the preferred legal services provider for the initial Series A Funding strategy.
"PeoplePawn has achieved yet another crucial goal in partnering with an industry leader in legal support services," said Patrick Lawrence Kane, Founder and CEO of PeoplePawn. "In preparation for our launch of the initial Series A Funding, it was crucially important that we aligned ourselves with a team of local, professional, experienced and highly successful service providers that could meet our current needs for legal support, yet have the infrastructure to grow with us as we take PeoplePawn to the local market and beyond in years to come. Orrick was a natural choice, Orrick was the right law firm for us."
"We look forward to helping PeoplePawn move its strategic vision forward and successfully launch its operations,"
Orrick, Herrington & Sutcliffe LLP is a global law firm with 980 lawyers in North America, Europe and Asia. The firm focuses on complex and novel finance and innovative corporate transactions and litigation. Orrick clients include Fortune 100 companies, major industrial and financial corporations, commercial and investment banks, high-growth companies, governmental entities, start-ups and individuals. The Orrick Emerging Companies Group represents more than 550 venture-backed emerging growth companies. The firm's 18 offices are located in Beijing, Hong Kong, London, Los Angeles, Milan, Moscow, New York, Orange County, Pacific Northwest, Paris, Rome, Sacramento, San Francisco, Shanghai, Silicon Valley, Taipei, Tokyo and Washington, D.C.
PeoplePawn is a Seattle based pre-revenue financial services and specialty retail start-up. Upon the successful completion of the initial Series A funding strategy, 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 $9.2 billion 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.
