InvestorsHub Logo

HD2001

05/20/22 9:49 PM

#83657 RE: stock_diver #83656

Thanks for the info

AJH92

05/21/22 2:52 PM

#83658 RE: stock_diver #83656

Key Points - CEO 15th Video - 2022 Progress So Far / Metaverse - PR'ed May 20, 2022.

Strong Results So Far in 2022 [to May 18]

- 2022 Q1 Report uploaded - really good quarter showing profit.

- Total Sales - Jan 1 > May 18: up 21.9% - $4M+

- Total Items Sold: 4,843 - up 14.6%

- Average Sales Price Per Item: up 6.4%

- Additional employee added to get more listings uploaded each week.

- Selling more items and at a higher price this year - locking the core business in a strong growth trend.

- "Core business is rocking".

- No supply chain issues.


Metaverse Store

- Opening delayed by a few business days from May 18 for "final tweaks".

- Other companies have already seen enormous revenue growth by adopting a metaverse strategy.

- Just one free video game had wearable accessories sales revenue of $5.4 Biillion in 2018, $3.7 Billion in 2019 and $5.1 Billion in 2020. SFL Maven will be capturing a portion of that market.

- Company is set to become the first mover in the vintage jewelry space in the Metaverse in Decentraland initially.

- There are special applications that align well with the jewelry industry.

- This includes actual weddings now taking place in the Metaverse and SFL Maven will be the first store offering jewelry.

- The Metaverase store will be interactive with the real jewelry eBay store - the first items that will be working on is bridal jewelry and birthstones.

- Lines as they become available will be announced in future update videos.

- "There is a lot of excitement around the Metaverse - it's like it was 1992 all over again and the internet is about to take over and no one knew it yet and we're in 2022 - 30 years later - and the Metaverse is about to take over and be a part of everyone's lives in some way, shape or form and we are going to have a massive footprint in the jewelry industry in the Metaverse."

- "We're onto something big and we're really excited."

https://vimeo.com/711712239