FORT LEE, NJ -- July 30, 2020 -- InvestorsHub NewsWire -- Clikia
Corp. (OTC:CLKA)
(“Clikia” or the “Company”), an emerging leader in the global
custom luxury goods marketplace, is pleased to provide an update on
the Company’s current operations and its near-term plans for
further expansion in its wholly owned Maison Luxe subsidiary. This
includes plans to expand wholesaling operations, widen margins,
build and carry a strategic inventory, and capitalize on existing
trends in the rare custom luxury goods marketplace.
While the Company plans to expand into more product categories,
management believes its current positioning in rare custom luxury
jewelry and watches offers tremendous growth potential. Over the
near term, the Company’s focus will continue to be centered on
driving robust growth in these markets. One powerful tool in
creating further acceleration in sales will be building and
carrying a strategic inventory of high-demand pieces.
“As we have said in the past, and will continue to point out in
the future, the products we sell aren’t available without the right
relationships,” commented Anil Idnani, Clikia CEO and Founder of
Maison Luxe. “For example, the watches we offer have risen in price
year in and year out for decades because the supply is chronically
extremely tight. The average retail consumer – even those with
effectively unlimited resources – may have to wait months or years
to gain access to the timepiece they want if pursuing the purchase
through standard channels. As a result, prices for these items rise
every year. But we have a very well-established network of
relationships that grants a consistent market advantage both in
terms of access and pricing. And that second factor can be
augmented sharply by making volume purchases and carrying a
strategic inventory of rare luxury goods.”
The Company notes that supply issues are a consistent factor in
the rare luxury goods market. Top watch brands often see their most
exclusive pieces increase in price sharply over time. The Rolex
Submariner line increased in price over 500% from 1957 to 2014
(adjusted for inflation), which is typical in the space. And these
price moves are even larger in the secondary market, which is the
more important gauge because the most sought-after pieces aren’t
accessible at the retail checkout counter at any price.
This continues in 2020. The Rolex Submariner Ref. 116613 soared
8.4% higher from 2019 to 2020. That was on the retail pricing side.
But an article in Robb Report notes that the Rolex Daytona Ref.
116500 has been selling at more than a 90% premium to the retail
MSRP. This is symptomatic of a market suffering from chronic
undersupply. Given that this has been going on for over a
half-century, management sees this as a very stable and dependable
trend.
As a consequence, over the near-term, through its A-level
relationships, Maison Luxe will be building an inventory of the
most sought-after timepieces.
Idnani added, “Building a strategic inventory will drive value
for our shareholders in several important ways: it will allow us to
generate a return through appreciation over time, it will open up
more customer relationships on the wholesale side because we will
be able to demonstrate we have rare items in stock consistently,
and it will amplify our margins because we will build it through
volume purchasing at discount pricing.”
About Clikia Corp
Clikia Corp. was incorporated in 2002 in the State of Nevada,
under the name MK Automotive, Inc. Our corporate name changed to
Clikia Corp. in July 2017. In April 2020, our company experienced a
change in control, pursuant to which Mr. Anil Idnani became our
controlling shareholder and sole officer and director. Following
such change-in-control transaction, in May 2020, we acquired all of
the assets, including the going business, of Maison Luxe, LLC, a
Delaware limited liability. Our wholly-owned subsidiary, Maison
Luxe, Inc., a Wyoming corporation, now owns the acquired assets and
operates the acquired business of Maison Luxe, LLC. Currently, this
constitutes the entirety of our company’s business operations. Our
company’s newly elected sole officer and director, Mr. Anil Idnani,
founded the recently acquired Maison Luxe business with the vision
of offering highly desired luxury retail consumer items that are
responsibly sourced and affordable to the end customer. Because of
the dynamics and structure with the luxury retail industry,
customers who desire luxury items are unable to avail themselves of
such items, due to the unreliable nature of sellers and exorbitant
prices. It is this void in the marketplace that Mr. Idnani
identified as a business opportunity and established Maison Luxe to
provide customers with the experience of purchasing luxury items as
a standard. The business known as “Maison Luxe” was founded in
January 2020, with the vision of becoming an industry leader in
luxury retail. MaisonLuxe focuses its efforts primarily within the
fine time pieces and jewelry segments both on a wholesale and B2C
(business-to-consumer) basis.
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@clikiacorp.com