SFLMAVEN CORP - SFLM STOCK NEWS

SFLMaven Corp. (OTC Pink: SFLM) reported strong performance with $287,000 in sales for the week ending July 7, 2022. Highlights include notable auction sales: a 3.70CT diamond engagement ring sold for $8,900 and an 18.70CTW diamond brooch for $8,270. June sales reached $1.2 million, signaling growth, and the company is actively pursuing its metaverse strategy. Upcoming auction events are expected to feature captivating vintage jewelry items.

SFLMaven Corp. (OTC Pink: SFLM) has announced plans to form an independent board of directors to progress towards uplisting to a higher OTC market tier or NASDAQ via an S1 IPO funding round. CEO Joseph Ladin stated that they currently have two board members and are seeking three more to create a five-person board. The independent board is expected to enhance governance and value as they prepare for acquisitions. SFLMaven has achieved over $140 million in sales and is known for its Thursday Night Auction events.

SFLMaven Corp. reported gross sales of $1.29 million for June 2022, a month-over-month increase of nearly 50%. This growth was driven by a robust auction performance, contributing to a projected annualized pace exceeding $15 million.

Despite broader economic challenges and a notable decline in consumer spending, the company's model demonstrated resilience. SFLMaven's unique positioning in the luxury goods market appears to bolster its growth trajectory, with auctions driving a 17% increase in sales per auction.

SFLMaven Corp. announced the formation of an audit committee to review its accounting practices and seek an SEC-approved auditor. The committee will assess current accounting principles, identify suitable auditors, and plan for potential uplisting. CEO Joseph Ladin expressed enthusiasm for enhancing accounting practices to become fully reporting and qualify for a national exchange like NASDAQ. Additionally, the company is raising capital through Reg A+ and considers filing an S1 after completing an audit.

SFLMaven Corp. (OTC Pink: SFLM) has officially started development on its first line of boutique digital jewelry NFTs, following the launch of its metaverse store. This initiative, developed in partnership with Metaskins Studios, positions SFLMaven as a pioneer in high-end digital jewelry for avatars. The company aims to establish a foothold in the burgeoning metaverse marketplace, which is projected to generate significant economic value in the coming decade. Notably, SFLMaven has achieved over $140 million in sales and maintains a strong presence through its popular eBay auctions.

SFLMaven Corp. (OTC Pink: SFLM) announced plans for uplisting and acquisitions, forming a committee of experts to explore opportunities in the NFT and Metaverse sectors. The goals include investigating technologies with revenue potential, potential acquisitions, and filing for patents. CEO Joseph Ladin emphasized the need for unique technologies to attract customers and generate revenue. Additionally, the company is raising capital through a reduced Reg A+ offering to acquire proprietary technology or companies to support its objectives.

SFLMaven Corp. announces plans to uplift its stock to a national exchange and pursue acquisitions. This process involves forming a new Board of Directors, an audit committee, and an acquisition committee, alongside filing Form 10 with the SEC. The management team is dedicated to implementing these changes with the guidance of industry professionals. Additionally, SFLM plans to raise capital through a Reg A+ offering, aiming to invest in proprietary technology and other acquisitions. Further press releases will provide updates on these initiatives.

SFLMaven Corp. (OTC Pink: SFLM) reported a successful sales performance in 2022, achieving nearly $5 million year-to-date, a 19% increase compared to the previous year. The company's average sales price rose by 4%, with a 15% uptick in items sold and a 17% growth in repeat buyers, underscoring customer satisfaction. Additionally, SFLMaven launched the first native virtual dealership for high-end vintage digital jewelry NFTs in collaboration with Metaskins Studios. CEO Joseph Ladin emphasized stability amid economic challenges, asserting no supply chain issues.

SFLMaven Corp. (SFLM) reported strong weekly sales of $286,000 for the week ending June 2, 2022, fueled by high demand for luxury goods. Notable sales included an 18K WG diamond necklace sold for $7,988 and a 14K/Platinum diamond cuff bracelet for $4,549. CEO Joseph Ladin emphasized the successful launch of their Metaverse store as a key driver of excitement, alongside the company's robust auction performance. With over $140 million in total sales since inception, SFLMaven continues to thrive despite supply chain challenges faced by competitors.