Toronto, Ontario – September 18, 2024 / IRW-Press / New World Solutions Inc. (CSE: NEWS) (OTC Pink: REGRF) (FWB: RT5) (“New World” or the “Company”) recently announced the acquisition of a 51% majority stake in dialMKT Corp. (“dialMKT”), positioning the Company to participate in the significant growth potential offered by the digital transformation of the $31 billion global watch market. dialMKT addresses the multi-billion dollar global market of watch enthusiasts by developing a blockchain-powered digital ecosystem where content, e-commerce and community come together.
dialMKT’s e-commerce platform is expected to launch in the next 30 days and offers the opportunity to generate significant sales during the important holiday season in the fourth quarter.
Marktchance
The global used watch market is estimated to be worth $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 entire watch market, which includes sales of new watches through authorized dealers, is estimated to be worth $75 billion.
Wristwatches continue to have cultural significance and are frequently featured in music, social media, and on the wrists of celebrities, athletes, and entrepreneurs, driving interest and growth in the watch market. Watch collecting is becoming increasingly popular, especially among millennials and Gen Z collectors, underscoring the long-term growth potential.
As watch collecting becomes more popular, a cultural shift and significant market opportunity are emerging. Celebrity watch enthusiasts, including popular 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, frequently flaunt their collections on social media.
Celebrities reach billions of viewers every month through their presence on these platforms, fueling demand for the watches they flaunt. At the same time, institutional and billionaire investors are also confirming the long-term growth potential of this market, as they have a keen sense of cultural and consumer megatrends. Notable investors who have recently invested in e-commerce and media platforms in the watch market include Bernard Arnault, Jay-Z, Michael Jordan, Hollywood super-agent Michael Ovitz, hedge fund billionaires Bill Ackman and Marc Lasry, and venture capital firms such as Google Ventures, Alibaba and LVMH.
dialMKT Corp.
dialMKT addresses the $31 billion watch enthusiast market by developing a blockchain-powered digital ecosystem where content, e-commerce and community come together. At the heart of dialMKT’s future platform is a blockchain database that acts as a “CARFAX for watches” and provides proof of authenticity, service and ownership history. dialMKT’s system addresses one of the biggest challenges in the pre-owned watch market: ensuring authenticity, service and ownership history. Collectors need assurance that they are buying an authentic watch that has not been stolen and is in its original factory configuration. Replacing a watch face can change the value of a watch by tens or even hundreds of thousands of dollars. dialMKT’s blockchain registry solves this problem by giving consumers comprehensive history and data about the watch they are considering purchasing.
Just as CARFAX revolutionized the $138 billion used car market for consumers, dialMKT aims to do the same for the $31 billion used watch market.
dialMKT’s content and community platforms include WatchReporter.com, a platform that reaches thousands of watch collectors worldwide through its website, YouTube and Instagram channels. This platform will support the expansion of dialMKT’s e-commerce activities.
The dialMKT e-commerce platform is expected to launch within the next 30 days – in time for the fourth quarter holiday shopping season, the most important quarter for generating sales in the global watch market. The dialMKT e-commerce marketplace offers the opportunity to leverage and monetize WatchReporter.com’s growing social media audience and collector database.
“I am excited by the opportunity New World Solutions (CSE: NEWS) presents as the only pure play stock that allows investors to participate in the $31 billion watch market,” said Jack Marks, CEO of dialMKT and Chairman of New World Solutions. “We are pleased to partner with New World Solutions and leverage their blockchain expertise for our platform. We have a number of significant catalysts ahead, including the launch of our e-commerce platform, which is expected in the next 30 days. With a current market cap of approximately $2 million, NEWS represents an opportunity with compelling value creation potential.”
“The acquisition of dialMKT represents a strategic addition to our portfolio of breakthrough technologies and provides us with the opportunity to apply our blockchain technologies in a synergistic and transformative way to the watch market,” said Paul Haber, CEO of the company. “Since Graph Blockchain, New World has extensive experience in the blockchain space and has already worked with clients such as IBM and COKE. We recognize the potential of dialMKT to position itself at the forefront of the digital transformation of the global watch market and look forward to integrating the company into our business.”
About New World
New World Solutions is a disruptive technology company that develops innovative solutions to the problems of our new world. We leverage our blockchain and technology expertise to deploy effective solutions in the areas of decentralized finance and electric vehicles. We are committed to acquiring and deploying a balanced set of solutions to lead in this dynamic technology landscape.
For more information about New World and other company information, please visit the company’s website at https://www.newworldinc.io/.
For further information please contact:
Paul Haber, CPA, CA, C.Dir
Chief Executive Officer
New World Solutions Inc.
Tel: (416) 318- 6501
Email: [email protected]
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