TORONTO, June 14, 2016 /PRNewswire/ - Precious
Investments, Inc. (PNIK) would like to announce that Karrah Inc. has successfully operated through the month of May for the first
time as a wholly owned subsidiary of PNIK.
By using Karrah's successful business strategy, PNIK has produced a revenue of approximately $200,000 CAD throughout the month of May. Sales are projected to sharply rise due to a substantial increase in
their product line and quantity of merchandise.
"I am happy to say that we have been increasing our asset based substantially from the third quarter to present," says
Precious Investments, Inc. COO, Kashif Khan. "During that time, we have acquired approximately
$9 Million US worth of retail value diamonds and jewelry, in exchange for approximately 4.5 Million
shares of our restricted common stock."
PNIK intends to turn this new inventory into cash by selling these products directly to customers and in auctions conducting
in the near term. Proceeds generated from this inventory will be used to expand the Karrah business.
About Precious Investments Inc.
In August 2015, Precious Investments, Inc. (PNIK) entered the diamond trading business and
acquired Karrah Inc., allowing PNIK to become a manufacturer and wholesaler of fine jewelry, a wholesaler of fine pre-owned
vintage watches, and buyer of jewelry, watches and diamonds via liquidations, bankruptcies and estate sales. The acquisition
intention was to take advantage of Karrah's successful business model in buying liquidation and closeout merchandise, and
supplying to retailers, auctioneers, and collectors in Toronto and Vancouver.
Funding the acquisition of more merchandise and leveraging Karrah's two major strengths, its well developed relationships and
its complex manufacturing tactics, PNIK will accelerate in growth and expand to the United
States. Jewelry and estate pieces can be purchased or viewed at www.fifthand.com.
Forward Looking Statements:
The information contained herein includes forward-looking statements. These statements relate to future events or to our
future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual
results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity,
performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on
forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases,
beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and
other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We
assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in these forward-looking statements, even if new information
becomes available in the future.
SOURCE Precious Investments, Inc.