Business
Clikia Corp. Releases Core Q1 Performance Data for Maison Luxe Subsidiary, with $1.4M in Sales of Rare Luxury Goods
Clikia Corp. Releases Core Q1 Performance Data for Maison Luxe Subsidiary, with $1.4M in Sales of Rare Luxury Goods.
About this update from Maison Luxe Inc.
[{"type":"text","content":"\n FORT LEE, NJ, Aug. 17, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE ‒ 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 it...