LOS ANGELES, CA, Jan. 24, 2023 (GLOBE NEWSWIRE) — by way of NewMediaWire — WPF Holdings, Inc. (OTC PINK: WPFHD) declares in the present day that it has acquired on-line and e-commerce belongings from KPOP 1004 operations. This displays the extra technology-focused course of WPF Holdings and modifies and closes out the acquisition settlement prior introduced between the events. KPOP 1004 has obtained 10,000 shares of WPF Holdings widespread inventory together with agreements to function as the only real distributor of all K-Pop and Okay-Magnificence merchandise for WPF Holdings and its subsidiaries.
As a part of the asset acquisition, WPF Holdings will kind a subsidiary firm referred to as Okay-Store, and can place all of those acquired belongings and operations inside the newly shaped firm. KPOP 1004 will function as sole distributor for all K-Pop and Okay-Magnificence merchandise for Okay-Store.
KPOP 1004 is the most important K-Pop retailer in america (by sq. footage). The asset acquisition and unique on-line license is designed to leverage WPF Holdings’ advertising and marketing and know-how to extend gross sales and seize on-line K-Pop followers who usually are not capable of go to the retail places.
Along with the net presence, Okay-Store may even present bodily kiosks in each KPOP 1004 location to permit for customers to buy on-line solely or non-stocked objects. Okay-Store plans to broaden its kiosk program past the preliminary location within the Ontario Mills Mall (CA), San Francisco Premium Outlet (CA), Westfield Valencia City Heart (CA) and Las Vegas South Premium Shops (NV) to a number of further places in a number of states by the tip of 2023. Okay-Store plans to deal with the quickly rising Okay-Magnificence market, which accounts for $10.3 Billion in income and is estimated to develop to $31.6 Billion by 2029.
About WPF Holdings, Inc.
WPF Holdings, Inc. is a dynamic e-commerce and digital consultancy firm that helps companies navigate the ever-evolving digital panorama. With a group of specialists in varied fields corresponding to net design, digital advertising and marketing, and e-commerce technique, we offer a holistic strategy to assist companies enhance their on-line presence and income. Our purpose is to empower companies to take full benefit of the alternatives that the digital world has to supply. Whether or not you are simply beginning out or seeking to take your corporation to the following degree, we’re right here to assist. Let’s work collectively to attain your objectives and drive success for your corporation.
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This information launch accommodates forward-looking statements as outlined by the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements embody statements regarding plans, targets, objectives, methods, future occasions or efficiency, and underlying assumptions and different statements which might be aside from statements of historic info. These statements are topic to uncertainties and dangers together with, however not restricted to, product and repair demand and acceptance, modifications in know-how, financial circumstances, the affect of competitors pricing, authorities regulation, and different dangers described in statements filed every now and then with the Securities and Trade Fee. All such forward-looking statements whether or not written or oral, and whether or not made by or on behalf of the Firm, are expressly certified by the cautionary statements that will accompany the forward-looking statements. As well as, the Firm disclaims any obligation to replace any forward-looking statements to mirror occasions or circumstances after the date hereof.
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