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Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from CEO’s of: Luminar (NASDAQ: LAZR), LogicMark (NASDAQ: LGMK), New World Solutions (OTC: REGRF) (CSE: NEWS), and SemiCab (NASDAQ: RIME). Wall Street Reporter highlights the latest comments from industry thought leaders shaping our world today, and in the decades ahead:
New World Solutions (OTC: REGRF) (CSE: NEWS) Chairman Jack Marks: ”...Pure Play on $31 Billion Luxury Watch Market”
New World Solutions (OTC: REGRF) (CSE: NEWS), majority-owned dialMKT is addressing the digital transformation of the multi-billion dollar global wristwatch enthusiast market by developing a digital ecosystem integrating content, e-commerce, and community.dialMKT’s e-commerce platform is expected to go live within 30 days. The global pre-owned watch market for luxury brands such as Rolex(™), and Patek Philippe(™), is expected to reach $29-32 billion by 2025, according to a recent report from McKinsey & Co.
dialMKT CEO and New World Chairman Jack Marks commented “dialMKT already has a fast-growing online community of almost +18,000 users across its website and social media channels, including, YouTube, Instagram, and a growing e-mail newsletter. From our interactions with our community, we know many of these enthusiasts have watch collections worth $50,000 to well over $1 million+. Our business model anticipates that a significant number of our community members will turn into customers on our e-commerce platform to buy, sell and trade their collections - a pipeline for potentially significant revenues in the months ahead".
Marks, further noted that (OTC: REGRF) (CSE: NEWS) is “the first and only “pure play” stock focused on the multibillion dollar watch enthusiast market.” Validating the investment thesis of the digital transformation of the watch market, venture capital is flowing into online watch market platforms such as Chrono24, and attracting investors such as Bill Ackman, Jay Z, Tom Brady, Mike Ovitz, Bernard Arnault, Google Ventures and others.
New World Solution (OTC: REGRF) (CSE: NEWS) News: https://www.wallstreetreporter.com/2024/09/18/new-world-solutions-cse-news-enters-31-billion-global-watch-market-with-acquisition-of-majority-stake-in-dialmkt/
LogicMark (NASDAQ: LGMK) CEO Chia-Lin Simmons: “Meeting the Needs of Aging In Place Population”
LogicMark (NASDAQ: LGMK) a provider of personal safety, personal emergency response systems (PERS), health communications devices, and technology for the growing care and safety economy, reported an increase in revenues and gross margins quarter ended June 30, 2024 .Chia-Lin Simmons, Chief Executive Officer of LogicMark, commented, “Our second quarter results reflect our expanded sales and marketing efforts to promote our products across various verticals, targeting higher revenue streams. We now offer five PERS solutions that include features such as advanced fall detection, geo-fencing for memory care, connected cloud and caretaker app support, a personal safety solution with the Aster safety app…As the personal safety and elder care markets continue to grow, our Care Village ecosystem of software and hardware is helping meet the changing needs of society and its families across the USA.”
LogicMark (NASDAQ: LGMK) News: https://www.wallstreetreporter.com/2024/10/07/logicmark-nasdaq-lgmk-announces-second-quarter-2024-financial-results-expansion-strategy-into-personal-safety-markets-continues/
Algorhythm Holdings (NASDAQ: RIME) CEO Gary Atkinson: “Major Milestone with $1 Billion Freight Customer”
Algorhythm Holdings (NASDAQ: RIME), an AI-driven technology and consumer electronics holding company, today announced that it has been awarded a service contract with a leading global beverage, food, and snack company. Under the agreement, Algorhythm’s subsidiary, SemiCab Holdings, LLC (“SemiCab”), will provide enterprise-level shipping services through its AI-powered software platform, focusing on reducing empty truck miles. “This is a major milestone for SemiCab,” commented Gary Atkinson, CEO of Algorhythm, the parent company of SemiCab. “This new award represents the first major new business won by SemiCab in the US since our acquisition of the company in July. It also represents the largest customer in the US that has awarded lanes to SemiCab, reinforcing our belief in our ability to disrupt the traditional shipper-carrier model within the transportation sector.”
Algorhythm Holdings (NASDAQ: RIME) News: https://www.wallstreetreporter.com/2024/10/07/semicab-nasdaq-rimewins-contract-with-200-billion-global-consumer-packaged-goods-company-for-new-us-pilot/
Luminar (NASDAQ: LAZR) CEO Austin Russell: “Luminar Here to Stay and Thrive this Decade.”
Luminar (NASDAQ: LAZR), a leading global automotive technology company recently entered into private, separately negotiated transactions to reduce its debt, extend maturities, and receive $100 million in new capital to bolster its balance sheet. This directly addresses the company’s capital structure overhang, captures a discount on existing notes, and helps provide the financial runway to execute the company’s business plan. Luminar (NASDAQ: LAZR) CEOAustin Russell commented: "We’ve now successfully ramped production for the first global production vehicle with standardized LiDAR, and our shift from all eyes on launch towards cost and efficiency are beginning to pay off as we begin to convert our multi-billion-dollar Order Book. This transformational transaction signed today represents a level of conviction from our institutional stakeholders that Luminar is here to stay and thrive this decade. We were able to capitalize on the challenging capital markets conditions in our industry to bolster our balance sheet and raise substantive additional capital from investors to fulfill our business plan."
Luminar (NASDAQ: LAZR) News: https://www.wallstreetreporter.com/2024/08/06/luminar-nasdaq-lazr-bolsters-balance-sheet-reports-second-quarter-2024-business-update/
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Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO's of promising, publicly-traded companies, and market experts. www.WallStreetReporter.com. Nothing in this news summary shall be construed as investment advice. Quotes/content may be edited for brevity and context. Issuer sponsored content in this article includes: New World Solutions. Full disclaimer, and relevant SEC 17B disclosures here: https://tinyurl.com/2x4eznd5
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Rolex (™), Patek Philippe (™), Audemars Piguet (™), Cartier (™) Frank Muller (™) and Richard Mille (™) are licensed trademarks of their respective owners. dialMKT is not an authorized dealer or has any commercial relationship with these brands.
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