SFLMaven Posts Weekly Sales of $305k+ Driven by $266k in “Famous Thursday Night Auction” Sales

Rhea-AI Summary

SFLMaven Corp. (OTC PINK: SFLM) reports strong sales growth with over $305k in gross sales for the week ending February 3, highlighted by $266k from its 'Famous Thursday Night Auction.' A notable sale included a 1950s Platinum diamond brooch for nearly $14k. The company also experienced a significant boost in web traffic, achieving nearly 44 million impressions on its eBay store in January, a 6% increase month-over-month. CEO Joseph Ladin attributes this success to the company’s ability to meet jewelry demand amid supply chain challenges.

Positive

• Achieved over $305k in gross sales for the week, including $266k from the auction.
• Notable sale of a 23.69CT diamond brooch for nearly $14k.
• 44 million web impressions generated, up 6% month-over-month.
• Sold 1,060 items in January, a 14% increase month-over-month.
• No supply chain issues due to focus on pre-owned luxury goods.

Negative

• None.

FORT LAUDERDALE, FL, Feb. 08, 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 report continued growth based on strong weekly sales. Last week’s "Famous Thursday Night Auction" event was one of the Company’s best ever, rounding out a tremendous week that drove over $300k to the Company’s top line.

In total, for the week ended Thursday, February 3, the Company booked a total of more than $305k in gross sales, including roughly $266k from its Famous Thursday Night Auction event.

The auction was highlighted by the sale of a 1950's heavy Platinum 23.69CT VS/F diamond ribbon brooch, which brought in nearly $14k.

Helping to power the strong performance the Company has seen to kick off 2022 is continued growth in SFLMaven’s web presence and traffic. For the first month of the year, the Company’s eBay home base (www.ebaystores.com/SFLMAVEN-ANTIQUES-JEWELRY-FINE-ART) generated nearly 44 million web impressions, which is up over 6% on a sequential monthly basis. That helped to produce sales of 1,060 items, up 14% month over month.

“We have come out of the gate with a bang this year, with a terrific first month of the year capped off by one of our best Thursday Night Auction events on record,” noted Joseph Ladin, CEO of SFLMaven. “We have some strong tailwinds in place right now, including our unique ability to meet the needs of jewelry consumers in a context defined by supply chain issues and bare bones inventories for other jewelry sellers. Because we deal in pre-owned luxury estate jewelry and watches, we have no supply chain constraints. In addition, we believe that, due to this factor as well as several others, we have gained significant market share in the high-end luxury goods space, and we don’t plan on giving it back anytime soon.”

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

• $SFLM - SFLMaven Posts Weekly Sales of $305k+ Driven by $266k in “Famous Thursday Night Auction” Sales

FAQ

What were SFLMaven's total sales for the week of February 3, 2022?

SFLMaven reported total sales of over $305k for the week ending February 3, 2022.

How much did SFLMaven earn from the Famous Thursday Night Auction?

The Famous Thursday Night Auction generated approximately $266k in sales.

What is the significance of the recent auction for SFLMaven?

The auction was one of SFLMaven's best, featuring a significant sale of a diamond brooch for nearly $14k.

How did SFLMaven's web traffic perform in January 2022?

In January 2022, SFLMaven's eBay store generated nearly 44 million impressions, a 6% increase from the previous month.

What is the impact of supply chain issues on SFLMaven?

SFLMaven reports no supply chain issues, allowing it to meet demand effectively in the luxury goods market.