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SFLMaven Announces Explosive Growth in April on Robust Revenues and Unit Volume Ahead of Metaverse Store Launch

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SFLMaven Corp. reported strong preliminary results for April 2022, achieving $1.02 million in revenues, a 23% increase year over year. The company sold 1,189 items, up 13% from the previous year, with an average sales price of nearly $840, reflecting a 10% increase. The month marked significant growth, highlighted by a successful auction generating $240k in sales. SFLMaven's management is optimistic about future growth through initiatives in decentralized finance, NFTs, and the metaverse.

Positive
  • Total revenues of $1.02 million in April 2022, up 23% year over year.
  • 1,189 items sold, representing a 13% increase compared to last year.
  • Average sales price per item of nearly $840, up 10% year over year.
  • Successful auction on a Thursday night generating over $240k in sales.
  • Management's focus on growth through innovative initiatives in blockchain and the metaverse.
Negative
  • None.

FORT LAUDERDALE, FL, May 03, 2022 (GLOBE NEWSWIRE) -- SFLMaven Corp. (OTC Pink: SFLM), ("SFLMaven" or the "Company") (www.sflmaven.com), a leading provider of high-end luxury goods, is excited to announce unaudited performance results date for the month of April, 2022, where the Company saw continued above-trend growth in Topline Revenues, Weekly Sales, Pieces Sold, and Average Price per Piece.

Note: The following numbers represent unaudited preliminary data subject to potential revision in future financial reporting.

Highlights for April 2022 (unaudited)

  • Total revenues of $1.02 million in sales for the month of April 2022, up 23% year over year
  • Average sales price per item of nearly $840, up 10% year over year
  • 1,189 items sold, up 13% year over year

“April was another tremendous month of performance for the Company in our core model as we continued the momentum established so far in 2022,” stated Joseph Ladin, CEO of SFLMaven. “This past Thursday represented another exceptional auction, driving over $240k in sales for the night. We look forward to continued momentum in May and over the Summer as we work to expand our model and drive new avenues of growth through our metaverse, NFT, and Bitcoin initiatives later this year.”

SFLMaven drove over $250k per week in sales in the month of April, making it one of the Company’s best months in over two decades as a premier dealer in high-end vintage jewelry. Overall, the Company continues to see marked growth in items sold, prices per item, and overall sales.

Management is also very excited about recent Company initiatives to drive new value for its shareholders through innovations centered on decentralized finance, blockchain, NFTs, Bitcoin, and the Company’s emerging metaverse strategy.

Visit the Company’s eBay store (www.ebay.com/str/sflmavenantiquesjewelryfineart) for more information or to participate in SFLMaven’s upcoming Famous Thursday Night Auction event.

Follow SFLMaven on social media:

Twitter: @sflmaven
Instagram: sflmaven

About SFLMaven

SFLMaven Corp. (OTC Pink: SFLM) is a premium provider of high-end luxury goods to a global base of discerning patrons. Famous for its Thursday Night Auction events on its top-rated eBay store, SFLMaven has driven over $140 million in sales since inception, earning more than 100k positive reviews along the way. For more information, please visit the Company's website at www.sflmaven.com.

FORWARD-LOOKING STATEMENTS:

This press release may contain forward-looking statements, including information about management's view of SFLMaven Corp.'s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words 'believes,' 'expects,' 'intends,' 'plans,' 'anticipates,' or 'may,' and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of SFLMaven, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on SFLMaven's future results. The forward-looking statements included in this press release are made only as of the date hereof. SFLMaven cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SFLMaven undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by SFLMaven.

SOURCE: SFLMaven Corp.

Corporate Contact
info@sflmaven.com

Public Relations
EDM Media, LLC
https://edm.media


FAQ

What were SFLMaven's revenues for April 2022?

SFLMaven reported revenues of $1.02 million for April 2022, which is a 23% increase year over year.

How many items did SFLMaven sell in April 2022?

SFLMaven sold 1,189 items in April 2022, a 13% increase compared to the same month last year.

What was the average sales price per item for SFLMaven in April 2022?

The average sales price per item for SFLMaven in April 2022 was nearly $840, up 10% year over year.

What significant sale event did SFLMaven hold in April 2022?

SFLMaven held a successful auction on a Thursday night that generated over $240k in sales.

What future initiatives is SFLMaven planning?

SFLMaven plans to expand its growth through initiatives centered on decentralized finance, blockchain, NFTs, and the metaverse.

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