Clikia Corp. Releases Core Q1 Performance Data for Maison Luxe Subsidiary, with $1.4M in Sales of Rare Luxury Goods
August 17 2020 - 8:21AM
InvestorsHub NewsWire
FORT LEE, NJ -- August 17, 2020 -- InvestorsHub NewsWire --
Clikia Corp. (OTC:CLKA)
(“Clikia” or the “Company”), an emerging leader in the global
custom luxury goods marketplace, is pleased to update shareholders
on the Company’s performance during the three months ended March
31, 2020. Financial data and commentary in this release refers
solely to that of the Company’s wholly owned Maison Luxe
subsidiary.
During the three months ended March 31, Maison Luxe booked total
revenues of $1,390,725. On a gross basis, the Company saw profits
during the quarter of $69,010, with net income (after fees,
charges, and basic supplies) of $65,268.
The Company also finished the quarter with total assets above
$320K, mostly driven by accounts receivable and a limited strategic
inventory of luxury goods on hand for future distribution.
Anil Idnani, Clikia CEO and Founder of Maison Luxe, commented,
“Q1 trends were strong. And we see continued strong growth ahead
during the second half of the year. As recently announced, we are
gaining traction with duty-free distributors and improving our
market positioning and asset productivity with the establishment of
a larger strategic inventory. We are also working on expansion
through product category and geographic steps, and we look forward
to providing further details on those themes in coming
communications.”
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 timepieces 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