New World Solutions enters $31 billion global watch market with majority stake in dialMKT

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

The dialMKT e-commerce platform is set to launch within the next 30 days, with the potential to generate significant revenue during the important fourth quarter, the holiday season.

Market opportunity

According to a recent report by McKinsey & Company, the global pre-owned watch market is estimated at $31 billion, with leaders in the sector being such exclusive brands as Rolex, Patek Philippe, Audemars Piguet and Cartier. The total watch market, including sales of new watches through authorized dealers, is estimated at $75 billion.

Wristwatches remain culturally significant, often appearing in music, social media and on the wrists of celebrities, athletes and entrepreneurs, driving interest and growth in the watch market. The trend of collecting watches is gaining popularity, particularly among Millennial and Gen Z collectors, underscoring the long-term growth potential.

A cultural shift and significant market opportunity are developing 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 such as Grant Cardone, Patrick Bet-David, Bill Ackman and Chamath Palihapitiya, often showcase their collections on social media.

Their presence on these platforms reaches billions of viewers per month, driving demand for the watches they showcase. At the same time, the market’s long-term growth potential is being validated by institutional investors and billionaires who are tuned into cultural and consumer megatrends. Notable investors in recent funding deals on the watch market’s 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.

The story continues

dialMKT Corp.

dialMKT is tackling the $31 billion wristwatch enthusiast market by developing a blockchain-based digital ecosystem that integrates content, e-commerce, and community. The foundation of dialMKT’s potential platform is a blockchain database that acts as a “CARFAX for watches,” providing authenticity, service, and ownership history. The dialMKT system addresses one of the major challenges in the pre-owned watch market: ensuring authenticity, service, and ownership history. Collectors need to be sure they are buying an authentic watch, free from theft, and in its original factory configuration. For example, changing the watch face can significantly impact value, ranging from tens to hundreds of thousands of dollars. The dialMKT blockchain recorder addresses this by providing consumers with a comprehensive history and data about the watch they are purchasing.

Just as CARFAX transformed the $138 billion used car market, dialMKT aims to do the same in the $31 billion used 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 development of dialMKT’s e-commerce activities.

The dialMKT e-commerce platform is set to launch within the next 30 days, just in time for the fourth quarter holiday sales season, which is the most important for generating revenue in the global watch market. The dialMKT e-commerce platform is an opportunity to leverage and monetize WatchReporter.com’s growing social media following and collector base.

“I am excited about the opportunity that (CSE: NEWS) offers as the only ‘pure play’ stock enabling investors to participate in the $31 billion watch market,” said Jack Marks, CEO of dialMKT and President of New World Solutions. “We are excited to join forces with New World Solutions and leverage their blockchain expertise on our platform. We have a number of significant catalysts, including the launch of our e-commerce platform, expected within the next 30 days. With a current market cap of approximately $2 million, NEWS represents a ‘ground floor opportunity’ with compelling growth potential.”

“The acquisition of dialMKT is a strategic addition to our portfolio of groundbreaking technologies and an opportunity to synergistically implement 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, working with clients such as IBM and COKE. We see the potential for dialMKT to lead the digital transformation of the global watch market and look forward to integrating its operations into our business framework.

About the New World

New World Solutions is a disruptive technology company that innovates solutions to new world problems. With our blockchain and technology expertise, we leverage solutions in the decentralized finance space as well as the electric vehicle space. We aim to acquire and bring to market a balanced spectrum of solutions to become a leader in this dynamic technology landscape.

Additional information about New World and other corporate information can be found on the company’s website at https://www.newworldinc.io/.

For more information please contact:

Paul Haber, CPA, CA, C.Dir
General Director
New World Solutions Inc.
Phone: (416) 318- 6501
Email address: [email protected]

Forecast statements

This press release contains “forward-looking statements” within the meaning of applicable securities laws. Any 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,” “estimate,” “forecast,” “intends,” “anticipates” or “does not anticipate” or “believes” or variations of such words and phrases or may include statements that certain actions, events or results “may,” “could,” “might,” “would,” “would” or “will be taken,” “will continue,” “will occur” or “will be achieved.” The forward-looking information in this press release is based on certain assumptions and expected future events. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different 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; risks related to blockchain in general, the risk that the Transaction will not be completed as planned or at all. Readers are cautioned that the foregoing list is not exhaustive. Readers are also cautioned not to place undue reliance on forward-looking statements as there is no assurance that the plans, intentions or expectations on which they are based will be achieved. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results could differ materially from those anticipated.

The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change at any time 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.

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SOURCE: New World Solutions Inc.

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