Superior Venture Corp (OTCMKTS:ILUS), now known as “Cache Elite, Inc.”, operates as an e-commerce and retail kitchen, bath, and appliance supplier. One need look no further than organic growth and macro catalysts to understand what’s going on here. This company just reported sequential quarterly revenue growth of 85%. That’s almost unheard of for this type of play. This company is doing a whole lot right at the moment as we see it, so we thought it would be a good time to take a closer look.
The growth data we can see only covers through Q2 of last year. According to a recent press release, “In 2016, Cache Elite, Inc. exceeded their goal in revenues, which will be released in the OTC Markets Quarterly in the upcoming weeks. These numbers were achieved at the Scottsdale physical locations and E-commerce website www.eliteknobs.com. With the new store in Gilbert, AZ, an opportunity arises for a new record amount of growth in 2017.”
Superior Venture Corp (OTCMKTS:ILUS) (“Cache Elite, Inc.”) focuses on the sales and design of kitchen furnishings to residential shoppers through the Company’s wholly owned subsidiary, Cache Cabinetry, LLC. ILUS has been in operation since 2012 and has formed relationships with trade partners in the construction industry for involvement in their projects. ILUS Follows an aggressive growth strategy by expanding the Company’s retail locations and product offerings, taking a clear piece of the market away from the likes of Lowe’s Companies, Inc.(NYSE:LOW), Masco Corp (NYSE:MAS), and Home Depot Inc(NYSE:HD).
The Company sells kitchen cabinets, decorative hardware, stones, and appliances through eliteknobs.com, cachecabinetry.com, cacheelite.com, and their physical locations in Scottsdale, Arizona. In 2014 they moved to a larger location, Elite Knobs, to house their kitchen furnishings and decorative hardware. Cache Elite, Inc. The Company prides itself in maintaining a small-firm feel by treating each client with care and consideration.
Designed to Succeed?
The company’s statement that it is on track for potential record growth in 2017 suggests that its prior record of a strong growth may well be exceeded in its coming report card. We have reason to believe it won’t be a long wait for that catalyst as well.
To wit: the company recently announced that its Board of Directors approved and began the engagement of D. Brooks and Associates CPA’s, P.A. to audit its accounting records, along with other required components for 2015 and 2016.
“D. Brooks and Associates are members of AICPA as well as PCAOB registered. For publicly owned companies to be traded on higher tiers than OTC Pink Current, they must have a minimum of two years of audited financials and start reporting with the SEC. The target date for completion of the Company’s comprehensive audits is within the 1st quarter of 2017.”
The narrative here is simple: things are going well. The books are strong now. Time to uplist.
On the macro front, interest rates are rising. This usually happens in response to increased credit availability at banks and generally spurs an increase in home sales activity. We expect to see a lot of “flipping” of homes on the near horizon as mortgages get easier to obtain and people rush to lock in the low rates before they go even higher.
All of that should lend huge support to companies in the home interior refurbishing segment, like ILUS. We look for big things ahead if the company keeps executing on a high level. Technically, the stock looks like a coiled spring. You can see a clear supportive pattern coming together, with some sort of building interest in the pattern as average volume ramps up.
And the philosophy demonstrated by a mature management team supports that action.
“Our relationships consist of an equilateral triangle. The company, client, and the shareholder must always be equal partners for a real majestic relationship to blossom. We cannot discount the importance of the relationships the company must have with its current and potential vendors. To survive in the upscale home goods market, attention to even the smallest details is necessary. If this attention is applied correctly and diligently to not only the products we sell and the vendors we choose or chose, but also the choices we make as a company, the chance of exponential growth is within our grasp,” said CEO Derrick McWilliams.”
With the potential for an up-listing announcement on the horizon, that may explain the volume build (ie, those in the know). All the pieces are in place for this stock right here, so this is definitely one we would keep an eye on for those interested in potential high-growth small cap names trading on the OTC.