SKYX Acquires a $5 Million Income Strategic, Worthwhile E-Commerce Lighting Web site

This Acquisition is in Addition to SKYX’s Latest Settlement to Purchase Strategic Lighting and Décor Conglomerate with $86 Million in Revenues, Funded by Two of SKYX’s Current, Main Traders

MIAMI, FL / ACCESSWIRE / March 9, 2023 / SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a “Sky Applied sciences”) SKYX, a extremely disruptive platform know-how firm with over 60 issued and pending patents globally with a mission to make properties and buildings change into secure and good as the brand new customary, introduced at the moment that it has acquired Bailey Road Dwelling, a $5 million income, worthwhile, strategic e-commerce non-public label lighting web site.

SKYX has paid $225,000 in money for 50% of the e-commerce lighting web site firm, whereas the opposite 50% is owned by Belami, Inc., the strategic e-commerce firm that SKYX has already signed an settlement to accumulate. The $5 million in 2022 annual revenues from the e-commerce non-public label model is along with the $86 million in 2022 annual revenues from Belami.

The acquisition of this strategic e-commerce lighting web site firm will function one other advertising and development platform for SKYX, offering further distribution to each skilled and retail channels for SKYX’s revolutionary Plug & Play know-how for lighting and ceiling fan installations.

Rani Kohen, Founder and Govt Chairman of SKYX Platforms, stated: “This strategic e-commerce web site acquisition represents yet one more advertising and academic platform for each professionals and retail clients – educating them on the lifesaving, price saving, time saving and superior good advantages of our merchandise.”

About SKYX Platforms Corp.

As electrical energy is a regular in each house and constructing, our mission is to make properties and buildings change into safe-advanced and good as the usual.

SKYX Platforms Corp. (NASDAQ:SKYX) has a collection of extremely disruptive advanced-safe-smart platform applied sciences, with over 60 U.S. and international patents and patent pending purposes. Our applied sciences place an emphasis on top quality and ease of use, whereas considerably enhancing each security and way of life in properties and buildings. We consider that our merchandise are a necessity in each room in each properties and different buildings within the U.S. and globally. For extra info, please go to our web site at https://SKYXPlatforms.com or observe us on LinkedIn.

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Ahead-Wanting Statements

Sure statements made on this press launch aren’t primarily based on historic information, however are forward-looking statements. These statements will be recognized by way of forward-looking terminology similar to “goal,” “anticipate,” “consider,” “can,” “may,” “proceed,” “estimate,” “count on,” “consider,” “forecast,” “steerage,” “intend,” “seemingly,” “could,” “would possibly,” “goal,” “ongoing,” “outlook,” “plan,” “potential,” “predict,” “possible,” “mission,” “search,” “ought to,” “goal” “view,” “will,” or “would,” or the destructive thereof or different variations thereon or comparable terminology, though not all forward-looking statements comprise these phrases. These statements replicate the Firm’s affordable judgment with respect to future occasions and are topic to dangers, uncertainties and different components, lots of which have outcomes tough to foretell and could also be exterior our management, that might trigger precise outcomes or outcomes to vary materially from these within the forward-looking statements. Such dangers and uncertainties embody dangers arising from the diversion of administration’s consideration from the Firm’s ongoing enterprise operations, a rise within the quantity of prices, charges and bills and different prices associated to the Belami Inventory Buy Settlement (the “Inventory Buy Settlement”) or the Belami Acquisition (the “Acquisition”), consequence of any litigation that the Firm or Belami could change into topic to referring to the Acquisition, the extent of, and the time vital to acquire, any regulatory approvals required for the Acquisition, dangers of disruption to the Firm’s enterprise because of the general public announcement of the Acquisition, the incidence of any occasion, change or different circumstance that might give rise to the termination of the Inventory Buy Settlement, an lack of ability to finish the Acquisition in a well timed method or in any respect, together with as a consequence of a failure of any situation to the closing of the Acquisition to be glad or waived by the relevant social gathering, the incidence of any occasion, change or different circumstance that might give rise to the termination of the Inventory Buy Settlement, a decline out there value for the Firm’s frequent inventory if the Acquisition isn’t accomplished, dangers that the Acquisition disrupts present plans and operations of the Firm or Belami and potential difficulties in Firm or Belami worker retention because of the Acquisition, and the power to implement enterprise plans, forecasts and different expectations after the completion of the Acquisition, notice the meant advantages of the Firm’s acquisition, and establish and notice further alternatives following the Firm’s acquisitions, in addition to the opposite dangers and uncertainties recognized in filings by the Firm with the SEC, together with its periodic experiences on Kind 10-Ok and Kind 10-Q. SKYX’s acquisition of the 50% curiosity of the e-commerce lighting web site firm isn’t contingent on the closing of the Belami’s acquisition. The monetary info included on this press launch is predicated upon out there info that’s preliminary in nature, in addition to sure assumptions and estimates that the Firm believes are affordable. The monetary info relating to Belami and Confero (d/b/a Bailey Road Dwelling) is unaudited and the audited financials could differ from these preliminary numbers in materials respects. Any forward-looking assertion speaks solely as of the date of this press launch, and the Firm undertakes no obligation to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case, besides as required by U.S. federal securities legal guidelines.

Media Relations Contacts:
Britney Ouzts/Barbara Goldberg
O’Connell & Goldberg, Inc.
(754) 204-7074/ (954) 294-4677
bouzts@oandgpr.com / bgoldberg@oandgpr.com

Investor Relations Contact:
Lucas A. Zimmerman
MZ North America
(949) 259-4987
SKYX@mzgroup.us

SOURCE: SKYX Platforms Corp. dba Sky Applied sciences

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