SKYX Acquires a $5 Million Revenue Strategic, Profitable E-Commerce Lighting Website

MIAMI, FL / ACCESSWIRE / March 9, 2023 / SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a “Sky Technologies”) SKYX, a highly disruptive platform technology company with over 60 issued and pending patents globally with a mission to make homes and buildings become safe and smart as the new standard, announced today that it has acquired Bailey Street Home, a $5 million revenue, profitable, strategic e-commerce private label lighting website.

SKYX has paid $225,000 in cash for 50% of the e-commerce lighting website company, while the other 50% is owned by Belami, Inc., the strategic e-commerce company that SKYX has already signed an agreement to acquire. The $5 million in 2022 annual revenues from the e-commerce private label brand is in addition to the $86 million in 2022 annual revenues from Belami.

The acquisition of this strategic e-commerce lighting website company will serve as another marketing and growth platform for SKYX, providing additional distribution to both professional and retail channels for SKYX’s revolutionary Plug & Play technology for lighting and ceiling fan installations.

Rani Kohen, Founder and Executive Chairman of SKYX Platforms, said: “This strategic e-commerce website acquisition represents yet another marketing and educational platform for both professionals and retail customers – educating them on the lifesaving, cost saving, time saving and advanced smart benefits of our products.”

About SKYX Platforms Corp.

As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the standard.

SKYX Platforms Corp. (NASDAQ:SKYX) has a series of highly disruptive advanced-safe-smart platform technologies, with over 60 U.S. and global patents and patent pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at or follow us on LinkedIn.