SFLMaven Initiates Plan to Uplist the Company

Rhea-AI Summary

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.

Positive

• Plans for uplisting to a national exchange, such as NASDAQ.
• Formation of dedicated committees (Board of Directors, Audit, Acquisition) to guide new initiatives.
• Hiring experienced professionals in corporate governance and acquisitions.
• Ongoing capital raising efforts through reduced Reg A+ offering to enhance funding.

Negative

• None.

SFLM Preps for New Board, Audit Committee and Acquisition Committee

FORT LAUDERDALE, FL, June 14, 2022 (GLOBE NEWSWIRE) -- SFLMaven Corp. (OTC Pink: SFLM), ("SFLMaven" or the "Company") (www.sflmaven.com), a leading provider of high-end luxury goods, is proud to announce Its intentions to begin the process of preparing the company for uplisting and acquisitions.

Recently, the company hired a team of legal and public company professionals who have experience with corporate governance, Acquisitions and preparing a company for uplisting to a national stock exchange such as NASDAQ.

The company is planning the following steps for each, which will constitute separate press releases:

• Form a new Board of Directors
• Form an audit committee
• Form an acquisition committee
• Begin the auditing process and file a Form 10 with the SEC to become fully reporting
• Or, the company might eventually file an S1 for an IPO type offering on NASDAQ

The management understands that there are a lot of steps involved in this process and are prepared to roll up their sleeves and do the necessary work.

CEO Joseph Ladin added: "It's time to take the company to the next level. We're bringing in top professionals who can help do the necessary work for our eventual uplisting and possible NASDAQ IPO. We know there's no guarantee, but at least the plan is laid out in front of us and we can begin the process of working towards this goal as quickly as possible".

The company also intends to continue to raise Capital through its Reg A+. SFLM recently reduced the Reg A+ price in order to increase capitalization in today's market challenges.

Mr. Ladin added: “What's key about us raising capital is using it to acquire proprietary technology or acquisitions of other companies that help enhance our goals and objectives. We hope to have news in the near future on this front."

Look for additional press releases with more details on the plan in the coming weeks and months.

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

FAQ

What are SFLM's plans for uplisting on a stock exchange?

SFLM plans to form a new Board of Directors and committees, and file Form 10 with the SEC to become fully reporting, aiming for an uplisting to NASDAQ.

What committees is SFLM establishing as part of their new initiatives?

SFLM is establishing a new Board of Directors, an audit committee, and an acquisition committee.

How is SFLM raising capital for its goals?

SFLM is reducing the Reg A+ offering price to increase capitalization, which will be used for acquiring technology or other businesses.

What did SFLM CEO Joseph Ladin say about the company's future?

CEO Joseph Ladin emphasized the importance of hiring top professionals to aid in the company's uplisting and possible NASDAQ IPO.

What is the significance of SFLM's recent press release?

The press release outlines SFLM's strategic direction, aiming for uplisting and acquisitions, which could impact future growth and investor confidence.