Maison Luxe: Signet Int'l Boosts 2021 Purchase Orders to $700k with New $100k Order
May 11 2021 - 9:44AM
InvestorsHub NewsWire
FORT LEE, NJ -- May 11, 2021 -- InvestorsHub NewsWire -- Maison
Luxe, Inc. (“Maison Luxe” or the “Company”) (OTC:
MASN), an emerging leader in the global custom luxury goods
marketplace, is excited 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
$100K in luxury timepieces.
Anil Idnani, CEO and Founder of Maison Luxe, commented, “Signet
has been a powerful partner and a consistent source of revenues
upstream from the lion’s share of our business, which is beneficial
both in terms of cash flows and strategic diversification.”
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.
This Agreement follows prior similar purchase order agreements
reached over the past six months between the Company and Signet. In
total, Signet Int’l has participated in purchase order agreements
with Maison Luxe adding up to $700K in luxury goods purchased from
Maison Luxe over that period.
“The environment is excellent right now,” added Idnani. “We are
seeing significant macro tailwinds and a strong forward outlook on
the consumer discretionary side in an increasingly strong economic
backdrop. We look forward to doing substantial additional business
with Signet in the future.”
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
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