SFLMaven on Pace for Significant Revenue Growth in 2022 as Company Finalizes Purchase of Metaverse Real Estate

Rhea-AI Summary

SFLMaven Corp. (SFLM) has reported promising early results for 2022, with expectations for double-digit organic growth driven by strong jewelry sales. Notably, the company recorded sales of over $1 million within a four-week period leading up to a significant auction event. Management anticipates jewelry sales could exceed $12.5 million this year, marking a growth of 16-20% over 2021. Additionally, SFLMaven is positioning itself in the Metaverse by finalizing real estate purchases, aiming to enhance its market presence in digital luxury goods.

Positive

• Projected jewelry sales could exceed $12.5 million in 2022, representing 16-20% growth over 2021.
• Early Q1 performance indicates potential for double-digit organic growth.
• Over $1 million in sales achieved in a four-week period leading up to an auction.

Negative

• None.

FORT LAUDERDALE, FL, Feb. 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 pleased to provide current and prospective shareholders with an update on performance as well as qualitative and quantitative guidance for the Company’s outlook ahead.

“When we closed last year, we pointed to a number of key tailwinds driving our jewelry business that could factor into accelerating growth in 2022,” stated Joseph Ladin, CEO of SFLMaven. “So far, that seems to be playing out this year, with our Q1 performance putting us on pace for double-digit organic growth, which helps to lay a sturdy foundation as we expand into new domains, including non-fungible tokens and the Metaverse.”

Management notes that the Company is poised to conduct its biggest auction sale of the year this evening. The three weeks ending on Thursday, February 17, saw sales of $305k, $202k, and $252k. With a strong showing tonight, the Company will have topped $1 million in sales over a 4-week period.

Hence, management believes SFLMaven is now on pace to potentially drive more than $12.5 million in jewelry sales in 2022, or 16-20% growth over the Company’s performance in 2021.

Ladin added, “This outlook does not include any boost we may see after becoming fully established as the first-mover in the Metaverse marketplace for high-end vintage digital jewelry items for avatar use. As recently noted, we are very close to finalizing our purchase of real estate in Decentraland, and I look forward to disclosing full details once that purchase is finalized, likely 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

FAQ

What are SFLMaven's projected sales for 2022?

SFLMaven projects jewelry sales could exceed $12.5 million in 2022.

How much did SFLMaven earn in sales over the last four weeks?

SFLMaven achieved over $1 million in sales in the four weeks leading to February 17, 2022.

What growth rate is SFLMaven expecting for 2022?

SFLMaven expects a growth rate of 16-20% in jewelry sales compared to 2021.

How is SFLMaven expanding into the digital marketplace?

SFLMaven is finalizing real estate purchases in the Metaverse to sell high-end digital jewelry.

When is SFLMaven's biggest auction sale of the year?

SFLMaven's biggest auction sale of the year took place on February 24, 2022.