SFLMaven Closes July with a Bang to Drive Over $13M in Unaudited Annualized Sales

Rhea-AI Summary

SFLMaven Corp. reported impressive unaudited performance for July 2022, achieving $1.023 million in total gross sales for the month and $297k for the week ending July 28. The company’s auction on July 28 generated $280k in gross sales, showcasing strong market performance with a potential annualized pace exceeding $13.3 million. CEO Joseph Ladin emphasized resilience amidst economic downturns, highlighting the upcoming launch of vintage jewelry NFT digital wearables as a significant growth opportunity. SFLMaven aims to maintain robust auction participation in August.

Positive

• $1.023 million in total gross sales for July 2022.
• Achieved $280k in gross sales from the auction on July 28.
• Potential annualized sales pace exceeding $13.3 million based on auction performance.
• Successful sales of high-value items, such as diamond earrings and a necklace, indicating strong demand.

Negative

• None.

FORT LAUDERDALE, FL, Aug. 02, 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, July 28, 2022, as well as unaudited topline performance data for the month of July 2022.

• $1.023 million in Total Gross Sales for the Month of July 2022
• Total Sales of $297k for seven days ended July 28
• July 28 SFL Maven Famous Thursday Night Auction Gross Sales of $280k

As noted above, the Company saw $1.023 million in total gross sales for the month of July 2022. Since July 2022 had only four Thursdays, the Company drove more than $250K in gross sales per auction, or an annualized pace of more than $13.3 million.

The Company’s most recent auction, which took place on Thursday, July 28, was highlighted by the sale of EGL USA 1950’s Platinum 4.54CT VS-SI Pear diamond earrings with approximately 1.5CT centers for $12,899 and a heavy 14K rose gold elegant 24CT diamond cluster formal necklace for $11,211. 

“Apparently the economy is in recession and the sky is falling, but we keep rolling toward a record year,” said Joseph Ladin, CEO of SFLMaven. “July was a tremendous month that put us firmly on a record gross sales pace as we prepare for the imminent global launch of the world’s first line of vintage jewelry NFT digital wearables. In other words, our core business is still robust and growing despite the downturn in the broad economy, and we are on the precipice of taking our more scalable digital segment over the hump and into full commercial operations. That points to the second half of 2022 as a very exciting time for SFLMaven. This week, we will kick off our August auction schedule. If you haven’t participated in one of our Famous Thursday Night Auctions before, this is the perfect time to start. Come and see what all the excitement is about!”

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

Attachment

• SFLMaven Closes July with a Bang to Drive Over $13M in Unaudited Annualized Sales

FAQ

What were SFLMaven's total gross sales for July 2022?

SFLMaven reported total gross sales of $1.023 million for July 2022.

How much did SFLMaven earn from its July 28 auction?

SFLMaven generated $280k in gross sales from its auction held on July 28.

What is the projected annualized sales pace for SFLMaven?

Based on auction performance, SFLMaven's projected annualized sales pace exceeds $13.3 million.

What does SFLMaven plan to launch soon?

SFLMaven is preparing for the global launch of its vintage jewelry NFT digital wearables.