FORT LEE, NJ -- August 3, 2021 -- InvestorsHub NewsWire --
Maison Luxe, Inc. (“Maison Luxe” or the “Company”), an emerging
leader in the global custom luxury goods marketplace, is pleased to
announce a new purchase order agreement (the “Agreement”) with
Signet International Group (“Signet”) (SignetInternationalGroup.com), a
leading player in marketing and distributing luxury branded
products, whereby Maison Luxe will partner with Signet in the
distribution of another $250k in luxury timepieces.
According to the Agreement, Maison Luxe will provide purchase
financing for Signet, which will confer to Maison Luxe’s bottom
line sales through Signet’s established end market
relationships.
Anil Idnani, CEO and Founder of Maison Luxe, commented, “We
continue to find tremendous value in our Signet relationship, with
nearly $1 million in sales through this relationship over the past
year. Relationships like this one provide a key piece of the puzzle
as we strive to build a strong mix of sales channels, including
direct to customers.”
This Agreement follows prior purchase order agreements reached
over the past year between the Company and Signet. In total, Signet
Int’l has participated in purchase order agreements with Maison
Luxe adding up to $950k in luxury goods purchased from Maison Luxe
over the past year.
“We are seeing strong performance in our core business, helped
by a strong macroeconomic backdrop, fueled by stimulus, strong
leading economic indicators, record disposable household savings,
easy monetary policy, and sturdy demand for luxury goods,” added
Idnani. “This provides Maison Luxe with a strong tailwind as we
gear up for an important uplist – a topic we will discuss in
greater detail very soon.”
About Maison Luxe
Maison Luxe offers luxury retail consumer items that are
responsibly sourced and affordable. The Company operates as a niche
high-end luxury goods retailer, helping interested consumers obtain
rare luxury items that may otherwise not be reliably available due
to the nature of the luxury retail marketplace. The Company focuses
its efforts primarily within the fine time piece and jewelry
segments, both on a wholesale and B2C (business-to-consumer) basis.
The Company now also owns its Amani Jewelers subsidiary, which
operates in the jewelry marketplace, with a strategic focus on the
rapidly growing lab-grown diamonds market. In addition, Maison Luxe
holds a significant investment position in Aether Diamonds, which
was founded in 2020 as the world's first and only captured carbon
lab-grown diamond producer.
For more information, please reference https://www.maisonluxeny.com/investors
FORWARD-LOOKING STATEMENTS: This release contains
"forward-looking statements" within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements also may be included in other
publicly available documents issued by the Company and in oral
statements made by our officers and representatives from time to
time. These forward-looking statements are intended to provide
management's current expectations or plans for our future operating
and financial performance, based on assumptions currently believed
to be valid. They can be identified by the use of words such as
"anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "would," "could," "will" and other words of
similar meaning in connection with a discussion of future operating
or financial performance. Examples of forward looking statements
include, among others, statements relating to future sales,
earnings, cash flows, results of operations, uses of cash and other
measures of financial performance.
Because forward-looking statements relate to the future, they
are subject to inherent risks, uncertainties and other factors that
may cause the Company's actual results and financial condition to
differ materially from those expressed or implied in the
forward-looking statements. Such risks, uncertainties and other
factors include, among others. such as, but not limited to economic
conditions, changes in the laws or regulations, demand for products
and services of the company, the effects of competition and other
factors that could cause actual results to differ materially from
those projected or represented in the forward looking
statements.
Any forward-looking information provided in this release should
be considered with these factors in mind. We assume no obligation
to update any forward-looking statements contained in this
report.
Corporate Contact:
www.maisonluxeny.com
551-486-3980
anil@maisonluxeny.com
Public Relations:
EDM Media, LLC
https://edm.media
Maison Luxe (PK) (USOTC:MASN)
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