MINILUXE PUBLISHES THE FINANCIAL RESULTS FOR THE 3rd Quarter

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Toronto, Ontario, December 15, 2021 (GLOBE NEWSWIRE) – MiniLuxe, Inc. (“MiniLuxe”), a wholly owned subsidiary of MiniLuxe Holding Corp (TSXV: MNLX), announces that it has filed its interim financial statements for 13 and 39 weeks ended September 26, 2021 and September 27, 2020 (“T3 Financials”).

MiniLuxe is pleased to report that revenue growth for the 13-week period ended September 26, 2021 has shown continued momentum, bringing activity back to an execution rate in line with peak 2019 revenue figures on data. Comparable Before COVID 19. Third Quarter Total Revenue of US $ 4.7 Million Increased 82% Compared to Same Period in 2020, and Gross Margin of US $ 2.2 Million Doubled compared to the previous period. This performance was achieved despite reduced opening hours due to the pandemic.

“Against the backdrop of labor shortages, pandemic mandates and pushes, we are proud that MiniLuxe’s ​​standards for clean self-care products and services have demonstrated continued resilience and growth,” said said Zoe Krislock, CEO of MiniLuxe.

On December 8, 2021, MiniLuxe opened the TSX Venture Exchange, full details of which can be found here, along with comments from TMX Group and Anthony Tjan, Executive Chairman of MiniLuxe Holding Corp.

About MiniLuxe

MiniLuxe, a Delaware company based in Boston, Mass., Is a socially responsible lifestyle brand and digitally-driven talent empowerment platform for the nail and waxing industry. For more than a decade, MiniLuxe has been setting industry standards for health, hygiene and fair working practices in its efforts to transform the most widely used but severely under-regulated nail care industry. MiniLuxe seeks to become one of the world’s leading inclusive educators and employers of professional workers by empowering Asian-American, Asian-Canadian and other members on its Talent Empowerment Platform.

Today, MiniLuxe derives its revenue streams from talent services (nail care and waxing services) and revenue from its products (through its own clean nail care products). MiniLuxe is driven by a fully integrated digital platform that manages all guest bookings, preferences and payments and gives designers the ability to manage scheduling, guest preferences, performance and compensation tracking and content training. Since its creation, MiniLuxe has performed more than 2 million services.

www.miniluxe.com

For more information

Anthony Tjan
Executive Chairman, MiniLuxe Holding Corp.
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

  • ML NR – Q3 Financial Statements Dec. 2021

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