New World Solutions to Acquire Majority Stake in Blockchain-Powered Watch Market Platform dialMKT

New World Solutions Inc. (CSE:NEWS) has announced an agreement to acquire 51% of the shares of 1491150 B.C. LTD, also known as dialMKT. The private British Columbia-based company is developing a blockchain-powered digital ecosystem for wristwatch enthusiasts. This transaction marks a strategic move for New World Solutions to integrate their blockchain technology into the watch market.

The transaction involves the exchange of 45 million New World Units for 45 million common shares of dialMKT. Each New World Unit consists of one New World Share and 0.35 of one New World Warrant. Completion of the transaction remains subject to various conditions, including shareholder approvals and regulatory clearances.

dialMKT offers a unique platform focusing on content, e-commerce, and community for the $32 billion wristwatch enthusiast market. Its blockchain database ensures the authenticity, service, and ownership history of timepieces, addressing significant challenges in the pre-owned watch market. The platform also engages thousands of collectors through its online presence on WatchReporter.com, YouTube, and Instagram.

CEO Paul Haber highlighted the strategic fit of dialMKT within New World’s portfolio, emphasizing the potential to leverage blockchain technology to transform the global watch market. Upon closing, New World expects to appoint a dialMKT nominee to its board of directors.