SFLMaven Announces Explosive Sales Week, Driving $245k for Seven Days Ended May 19

Rhea-AI Summary

SFLMaven Corp. (OTC Pink: SFLM) reported total sales of $245,000 for the week ending May 19, 2022, including over $211,000 from Thursday Night Auction sales. Highlights include the sale of a platinum diamond brooch for $7,100 and a gold diamond men's watch for $5,500. CEO Joseph Ladin expressed confidence in a strong Q2 performance, benefiting from increased luxury goods spending and a unique secondary market model. The company is also preparing to launch its metaverse presence soon.

Positive

• Total sales reached $245,000, indicating strong demand.
• Thursday Night Auction sales exceeded $211,000.
• High-value items sold, including a platinum diamond brooch for $7,100 and a gold diamond watch for $5,500.
• CEO's positive outlook for Q2 suggests strong business performance.
• No added expenses from supply chain issues due to secondary market model.

Negative

• None.

FORT LAUDERDALE, FL, May 24, 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 for the week ended Thursday, May 19, 2022.

• Total Sales of $245k for seven days ended May 19
• May 19 Thursday Night Auction Sales of more than 211k

The May 19 auction was highlighted by the sale of an antique heavy platinum exquisite 16.0CTW VS diamond cluster large flower brooch for $7,100 and an Italian heavy 14k gold 5.0ct diamond cluster Dial Day Date automatic men’s watch for $5,500.

“We saw another tremendous week of sales last week as our Q2 trend comes into focus as another strong quarter,” noted Joseph Ladin, CEO of SFLMaven. “Our core business continues to sit in a sweet spot, as we benefit from higher spending on luxury goods with no added expenses due to supply chain factors or international inflation given our secondary market model. At this point, we have an increasingly strong growth outlook as we get ready for the official launch of our metaverse presence over coming days.”

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

Attachments

• SFLMaven Announces Explosive Sales Week, Driving $245k for Seven Days Ended May 19
• SFLMaven Announces Explosive Sales Week, Driving $245k for Seven Days Ended May 19

FAQ

What were SFLMaven's sales for the week ended May 19, 2022?

SFLMaven reported total sales of $245,000 for the week ended May 19, 2022.

How much did SFLMaven earn from the Thursday Night Auction on May 19, 2022?

The Thursday Night Auction on May 19, 2022, generated sales of over $211,000.

What high-value items did SFLMaven sell during the May 19 auction?

SFLMaven sold a platinum diamond brooch for $7,100 and a gold diamond watch for $5,500 during the May 19 auction.

What does CEO Joseph Ladin say about SFLMaven's Q2 outlook?

CEO Joseph Ladin expressed confidence in a strong Q2 performance driven by increased spending on luxury goods.

How does SFLMaven's business model help with expenses?

SFLMaven benefits from a secondary market model, which minimizes expenses related to supply chain issues and inflation.