Clikia Receives Additional $150K Purchase Order From Signet International, Boosting Total So Far This Year To Over $600K

Rhea-AI Summary

Clikia Corp. (OTC: CLKA) announced a $150,000 purchase order from Signet International Group, bringing total orders for 2021 to over $600,000. The company, through its subsidiary Maison Luxe, is seeing increased demand in the global custom luxury goods market, particularly in travel retail. The travel retail market, valued at $74 billion in 2019, faced a decline but is projected to grow to $46 billion by 2028 due to rising international travel and digital sales strategies. Clikia is optimistic about future growth driven by these trends.

Positive

• Received a $150,000 purchase order from Signet International Group, totaling over $600,000 in 2021.
• Increased demand for products indicates positive market reception and sales potential.
• Management's updated growth assumptions reflect confidence in market recovery.

Negative

• None.

FORT LEE, NJ, Feb. 18, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Clikia Corp. (OTC:CLKA), an emerging leader in the global custom luxury goods marketplace, through its wholly owned subsidiary, Maison Luxe, is pleased to announce an additional $150,000 purchase order from Signet International Group (“Signet”) for the travel retail market bringing total purchase orders so far this year from Signet to over $600,000.

Anil Idnani, CEO of Clikia, stated, “The increasing demand for our products is very encouraging. Therefore, with great excitement, we are accelerating our growth assumptions and planning accordingly.”

The travel retail market includes airports, cruise lines, ferries, and ports. Airports lead the way and are expected to remain the dominant player in the upcoming years. The travel retail market experienced a tremendous setback in 2020 due to the worldwide pandemic known as COVID-19.

According to ResearchAndMarkets.com, the travel retail market, which was valued at $74 billion in 2019, is estimated to reach only $33 billion in 2020, registering a year-on-year decline of over 55%. However, with expected relaxations in travel restrictions from the start of 2021, the market appears set for a steady increase in retail sales during the forecast period from 2020 to 2028. However, at a conservative growth forecast of about 4.1% during the forecast period, the travel retail market is expected to reach $46 billion by 2028.

Some of the factors driving this estimated growth include an uptick in international travel post COVID-19 restrictions, travel retailers adopting digital technologies to drive online sales, and promotional activities planned by leading retailers.

Management notes that this outlook for 2021 and beyond is encouraging and has positively impacted the Company’s projected growth assumptions.

ABOUT CLIKIA CORP.

Clikia Corp., through its wholly owned subsidiary (1) Maison Luxe, offers highly desired luxury retail consumer items that are responsibly sourced and affordable to the end customer. Maison Luxe focuses its efforts primarily within the fine time pieces and jewelry segments both on a wholesale and B2C (business-to-consumer) basis (2) Amani Jewelers, operates in the jewelry marketplace, with a strategic focus on the rapidly growing lab-grown diamonds market. For more information, please reference https://www.maisonluxeny.com.

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

FOR MEDIA INQUIRIES, PLEASE CONTACT:

Anil Idnani, CEO

Anil@clikiacorp.com

551-486-3980

Public Relations:
EDM Media, LLC
https://edm.media
(800) 301-7883

FAQ

What is the recent update on Clikia Corp's stock (CLKA)?

Clikia Corp announced an additional $150,000 purchase order from Signet, raising total orders to over $600,000 for 2021.

How is Clikia Corp performing in the travel retail market?

Clikia Corp is experiencing growth in the travel retail market, driven by increased demand and recovery post-COVID-19.

What are the sales projections for Clikia Corp in 2021?

Clikia Corp's total purchase orders for 2021 are now over $600,000, indicating strong sales performance.

What is the expected growth of the travel retail market according to Clikia Corp?

The travel retail market is projected to grow from $33 billion in 2020 to $46 billion by 2028.

How has COVID-19 impacted Clikia Corp's business?

The travel retail market faced a decline due to COVID-19 but is now seeing signs of recovery, positively impacting Clikia Corp.