New World Solutions Enters $31 Billion Global Watch Market With Acquisition of Majority Stake in dialMKT

Rhea-AI Summary

New World Solutions Inc. (CSE:NEWS, OTC:REGRF) has acquired a 51% stake in dialMKT Corp., positioning itself in the $31 billion global watch market. dialMKT is developing a blockchain-powered digital ecosystem for watch enthusiasts, integrating content, e-commerce, and community. The platform includes a "CARFAX for watches" blockchain database, addressing authenticity and history concerns in the pre-owned watch market. dialMKT's e-commerce platform is set to launch within 30 days, targeting the important fourth-quarter holiday season. The acquisition leverages New World's blockchain expertise and dialMKT's growing social media audience through WatchReporter.com. With a current market cap of around $2 million, New World Solutions presents a potential ground-floor investment opportunity in the expanding watch market.

Positive

• Acquisition of 51% stake in dialMKT Corp., entering the $31 billion global watch market
• Launch of e-commerce platform expected within 30 days, targeting Q4 holiday season revenues
• Blockchain-powered ecosystem addressing authentication issues in the pre-owned watch market
• Leveraging existing audience through WatchReporter.com for e-commerce growth
• Synergy between New World's blockchain expertise and dialMKT's market position

Negative

• Current market cap of only $2 million suggests early-stage investment risks
• Success dependent on timely launch and adoption of new e-commerce platform
• Potential challenges in competing with established players in the luxury watch market

News Market Reaction

-10.53%

1 alert

-10.53% News Effect

On the day this news was published, REGRF declined 10.53%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

TORONTO, ON / ACCESSWIRE / September 18, 2024 / New World Solutions Inc. (CSE:NEWS)(OTC Pink:REGRF)(FSE:RT5) ("New World" or the "Company") recently announced its acquisition of a majority 51% stake in dialMKT Corp.("dialMKT") positions the company to participate in the significant growth potential presented by the digital transformation of the $31 billion global watch market. dialMKT is addressing the multi-billion-dollar global wristwatch enthusiast market by developing a blockchain-powered digital ecosystem that integrates content, e-commerce, and community.

dialMKT's e-commerce platform is expected to launch in the next 30 days, with the opportunity to generate significant revenues in the important fourth quarter Holiday season.

Market Opportunity

The global pre-owned watch market is estimated at $31 billion according to a recent report by McKinsey & Company, with high-end brands such as Rolex, Patek Philippe, Audemars Piguet, and Cartier leading the sector. The total watch market, including new watch sales at authorized dealers, is estimated at $75 billion.

Wristwatches remain culturally significant, frequently featured in music, social media, and on the wrists of celebrities, athletes, and entrepreneurs, driving interest and growth in the watch market. The watch-collecting trend is gaining traction, especially among Millennials and Gen-Z collectors, which underscores the long-term growth potential.

A cultural shift and significant market opportunity are unfolding as watch collecting becomes mainstream. Prominent watch enthusiasts, including celebrity athletes and entertainers such as Tom Brady, Jay-Z, Cristiano Ronaldo, Connor McGregor, Kevin Hart, Lionel Messi, Sylvester Stallone, Mark Wahlberg, Andrew Tate, Logan Paul, Jake Paul, and Michael Jordan, as well as entrepreneurs and business leaders like Grant Cardone, Patrick Bet-David, Bill Ackman, and Chamath Palihapitiya, frequently showcase their collections on social media.

Their presence on these platforms reaches billions of viewers monthly, fuelling demand for the watches they display. Concurrently, the long-term growth potential of the market is being validated by institutional and billionaire investors who are attuned to cultural and consumer megatrends. Notable investors in recent funding transactions within watch market e-commerce and media platforms include Bernard Arnault, Jay-Z, Michael Jordan, Hollywood super-agent Michael Ovitz, and hedge fund billionaires Bill Ackman and Marc Lasry, as well as venture capital firms such as Google Ventures, Alibaba, and LVMH.

dialMKT Corp.

dialMKT is addressing the $31 billion wristwatch enthusiast market by developing a blockchain-powered digital ecosystem that integrates content, e-commerce, and community. At the core of dialMKT's prospective platform is a Blockchain database that functions as a "CARFAX for watches," providing authenticity, service, and ownership history. dialMKT's system tackles one of the primary challenges in the pre-owned watch market: ensuring authenticity, service, and ownership history. Collectors need assurance that they are purchasing an authentic watch, free from theft, and in its original factory configuration. For instance, swapping a watch dial can significantly impact the value by tens or even hundreds of thousands of dollars. dialMKT's blockchain registrar addresses this by offering consumers comprehensive history and data on the watch they are buying.

Just as CARFAX transformed the $138 billion pre-owned car market for consumers, dialMKT's goal is to achieve the same for the $31 billion pre-owned watch market.

dialMKT's content and community platforms include WatchReporter.com, reaching thousands of watch collectors worldwide through its website, YouTube and Instagram channels. This platform will support the growth of dialMKT's e-commerce efforts.

dialMKT's e-commerce platform is expected to launch within the next 30 days, in time for the fourth quarter holidays selling season, which is the most important for generating revenues in the global watch market. dialMKT's e-commerce marketplace is an opportunity to leverage and monetize WatchReporter.com's growing social media audience and collector database.

"I am excited by the opportunity (CSE: NEWS) offers as the only ‘pure play' stock allowing investors to participate in the $31 billion watch market", said Jack Marks, dialMKT CEO and Chairman of New World Solutions. "We are excited to be joining forces with New World Solutions and leveraging their blockchain expertise for our platform. We have a number of significant catalysts coming up, including the launch of our e-commerce platform expected within the next 30 days. At a current market cap of around $2 million, NEWS represents a "ground floor opportunity" with compelling upside potential."

"The acquisition of dialMKT is a strategic addition to our portfolio of disruptive technologies and represents an opportunity to synergistically deploy our blockchain technologies in a transformative way for the watch market," said Paul Haber, CEO of the Company. "Since Graph Blockchain, New World has extensive blockchain experience, having worked with clients like IBM and COKE. We recognize the potential of dialMKT to lead the digital transformation of the global watch market and look forward to integrating its operations within our business framework."

About New World

New World Solutions is a disruptive technology company, driving innovative solutions to new world problems. Through our blockchain and technology experience, we are leveraging solutions in the decentralized finance space as well as the electric vehicle area. We look to acquire and launch a balanced spectrum of solutions to become a leader in this dynamic tech landscape.

For additional information on New World and other corporate information, please visit the company website at https://www.newworldinc.io/.

For further information, please contact:

Paul Haber, C.P.A., C.A., C.Dir
Chief Executive Officer
New World Solutions Inc.
Phone: (416) 318- 6501
Email: phaber@newwolrdinc.io

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.

Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". Forward-looking information in this news release are based on certain assumptions and expected future events. These statements involve known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the risks associated with the blockchain in general, the risk that the Transaction will not be completed as contemplated or at all. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results, or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

The Canadian Stock Exchange (the "CSE") does not accept responsibility for the adequacy or accuracy of this release.

Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: New World Solutions Inc.

View the original press release on accesswire.com

FAQ

What is the significance of New World Solutions (REGRF) acquiring dialMKT?

The acquisition allows New World Solutions to enter the $31 billion global watch market with a blockchain-powered digital ecosystem, potentially transforming the pre-owned watch sector.

When is dialMKT's e-commerce platform expected to launch?

dialMKT's e-commerce platform is expected to launch within 30 days from the announcement date, aiming to capture revenue during the fourth-quarter holiday season.

How does dialMKT's blockchain technology benefit the watch market?

dialMKT's blockchain acts as a 'CARFAX for watches,' providing authenticity, service, and ownership history, addressing a major challenge in the pre-owned watch market.

What is the current market cap of New World Solutions (REGRF)?

According to the press release, New World Solutions has a current market cap of around $2 million, presenting it as a potential 'ground floor opportunity' for investors.