Sun Kissed Introduces New CEO in MoneyTV™ Interview
NEW YORK, NY
-- October 9, 2020 -- InvestorsHub NewsWire
Kissed Industries Inc. (OTC
PINK: SKDI) ("Sun Kissed", "SKDI"), (www.sunkissedindustries.com) a leading provider of high-end
luxury goods, is pleased to announce that Joseph Ladin, the CEO of
("SFL Maven" or
"SFL"), (https://bit.ly/34lQgHH) is to become CEO of the Company
effective Monday 12th October.
Joe Ladin commented "I've
joined the company at a really interesting time in its journey. It
was clear that the company needed to re-focus on serious revenue
generating business, to divest itself of non-core businesses and to
deliver shareholder value; that's what we have now done. SKDI will
report millions in topline revenues this year, the first time in
its history. Our 'Reg A' expires on Monday and we now have time to
focus on a corporate re-brand and a name-change. At this time
though, I see no reason to apply to FINRA for a reverse stock
split. We still have a very tight public float and a loyal
shareholder base. My focus will 100% be on revenue growth for the
remainder of 2020."
The Company announced earlier this week
that it had streamlined its operations to drive greater
focus on high value, high revenue
centerpiece of this focus is to be the Company's recently
acquired high-end jewelry business, SFL Maven ("SFL Maven" or
"SFL"), ,( https://bit.ly/34lQgHH) which brought in sales of
nearly $11 million in 2019 and over $122 million since
In a MoneyTV™ interview released today, Joe
Ladin outlined not only where the company had come from, but also
discussed the future growth plans for the business and went through
the nearly $6m the company had written in revenue already in 2020.
The interview is available for download from here: https://vimeo.com/466211275
SFL Maven has been a consistent
performer in the high-end jewelry space. In 2019, SFL drove
$10.8 million, followed by nearly $4 million in sales during the
first half of 2020, and an extremely strong start to the second half
of the year, with robust performance in its quarter ended September
30 (updated numbers will be
available for release shortly).
Sun Kissed Industries,
Sun Kissed Industries Inc.
SKDI) is a provider of high-end luxury goods to discerning
clientele around the globe. They have recently pivoted away from
emerging markets and are now focused on revenue generating
This press release may contain
forward-looking statements, including information about
management's view of Sun Kissed Industries Inc.'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 Sun Kissed, 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 Sun Kissed's future results. The
forward-looking statements included in this press release are made
only as of the date hereof. Sun Kissed cannot guarantee future
results, levels of activity, performance or achievements.
Accordingly, you should not place undue reliance on these
forward-looking statements. Finally, Sun Kissed 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 Sun Kissed.
SOURCE: Sun Kissed Industries