SFLMaven Announces Signed Agreement with First NFT Artist for 50 Unique Works

Rhea-AI Summary

SFLMaven Corp. (OTC Pink: SFLM) announced a Definitive Agreement with artist Larry Calabrese to develop digital artwork for their new NFT strategy. The agreement includes an initial delivery of fifty unique works in exchange for cash payments and a 10% royalty on NFT sales. The CEO expressed excitement about leveraging the company's expertise in luxury goods to create high-quality digital art for the NFT marketplace, following $1.1 million in sales in September.

Positive

• Entering the NFT market, capitalizing on current trends.
• Strong sales performance with over $1.1 million in September.

Negative

• None.

FORT LAUDERDALE, FL, Oct. 14, 2021 (GLOBE NEWSWIRE) -- SFLMaven Corp. (OTC Pink: SFLM), ("SFLMaven" or the "Company"), a leading provider of high-end luxury goods, is pleased to announce the signing of a Definitive Agreement (the “Agreement”) with talented artist Larry Calabrese for the creation of digital artwork to form the initial foundation for the Company’s new non-fungible token (“NFT”) strategy.

The Agreement specifies an initial tranche of fifty (50) unique works to be delivered to the Company in exchange for a cash payment and a 10% royalty on purchased NFTs to be paid to Mr. Calabrese quarterly.

SFLMaven CEO, Joseph Ladin, commented, “We are excited to begin working with Larry as our initial artist as we begin to create a unique inventory of high-quality digital artwork tailored to the NFT marketplace. This is part of our larger collectibles marketplace strategy, which is designed to build on our nearly two-decade track record of expertise in auctioning rare high-end goods. We see this avenue as a powerful way to build on our current strong momentum after posting over $1.1 million in September sales.”

As discussed in the Company’s release dated September 29, Calabrese has amassed an impressive collection of completed works from physical art to digital media covering a vast array of different styles from colorful abstract pieces to conceptual characters and landscapes based on sci-fi themes. He is also an accomplished live artist, painting in front of crowds as large as 30,000 people in the Southeastern United States.

His work is available at Fineartamerica.com among other outlets. He can also be followed on Instagram at @larrycalabreseart.

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 discerning clientele globally. SFLMaven has driven over $130 million in sales and more than 100,000 positive feedbacks since inception, famous for its Thursday Night Auction events on its top-rated eBay store.

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 is SFLMaven's new strategy as announced on October 14, 2021?

SFLMaven is launching a non-fungible token (NFT) strategy by partnering with artist Larry Calabrese for a collection of digital artworks.

What are the financial terms of the agreement with Larry Calabrese?

The agreement includes a cash payment and a 10% royalty on sales of the NFTs, with an initial delivery of fifty unique artworks.

How much did SFLMaven earn in sales in September 2021?

SFLMaven posted over $1.1 million in sales in September 2021.

What is the stock symbol for SFLMaven?

The stock symbol for SFLMaven is SFLM.

Who is the CEO of SFLMaven?

The CEO of SFLMaven is Joseph Ladin.