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Atlanta, GA – 06 April 2005 – DigiPawn.com is the first company to be a licensed pawn broker advancing money based on the value of digital assets. While most loans are for assets like domain names, Digipawn also loans money on active websites, patents, content or even trademarks.
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Atlanta, GA – 06 April 2005 – DigiPawn.com is the first company to be a licensed pawn broker advancing money based on the value of digital assets. While most loans are for assets like domain names, Digipawn also loans money on active websites, patents, content or even trademarks.
Pawn broking is considered mankind’s oldest financial institution and carries a tradition with a rich history. Pawn Broking can be traced back at least 3,000 years to ancient China, and has been found in the earliest written histories of Greek and Roman civilizations. Yet this excellent source of immediate capital, has thus far alluded business people and individuals with great digital assets but no time and/or credit to obtain a traditional loan.
DigiPawn.com is now available to help people and businesses who own valuable intellectual property, but need cash fast. In the fast paced world of the Internet, many companies don’t have the time for traditional funding sources. Digipawn was formed with very strong financial backing and the commitment to meet the time sensitive needs of digital asset owners.
Rick Latona founded DigiPawn.com with one main goal: “I wanted to create a place where average webmasters can get cash fast from a source that understands the true value of digital assets.” Mr. Latona further explains, “The business operates as a standard pawn shop in that we loan money for a 30 day period and as collateral, we take control of the domain or other asset. The unique part of our business that is different from most pawn brokers is that the asset owner continues to keep all of the money generated by the asset during the period of the loan.”
Mr. Latona started in the internet business in 1997 with Interland, Inc. (NASDAQ: INLD) where he held founder shares and was Vice President of Sales and the Managing Director of European Operations. Mr. Latona owned a pawnshop in Lakeland, Fl. and personally owns many thousands of domain names. This makes him uniquely qualified to run a business like DigiPawn.com.
For more information, contact:
Rick Latona
DigiPawn, Inc.
PO Box 191062, Atlanta, Georgia 31119
http://www.digipawn.com
rick@dollars.com
404-214-6064/404-664-6302
Fax: 678-668-1518
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