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Sunday, September 25, 2022

Nitches Inc (OTCMKTS: NICH) Investors Looking for a Big Week Ahead as NICH Up Listing to Fully Reporting OTCQB & Moving into Booming Metaverse Space

Nitches Inc (OTCMKTS: NICH) is one exciting situation in small caps that is quickly getting noticed by some heavy hitters who are heavily accumulating at current levels. NICH has runner in its blood and a long history of big moves skyrocketing from under a dime to highs of $0.77 per share back in February, dropping under a dime in March and rocketing up over $0.40 in April. Currently moving northbound following a brief dip below $0.03, NICH recently executed a massive share reduction cancelling 229,659,644 shares, about 80% of the OS and ending up with 45,259,644 shares outstanding, 25,897,930 of which are restricted leaving just 19,361,714 free trading NICH shares worth $850,000. The Company is virtually debt free, in the process of up listing to fully reporting OTCQB and according to management there is 0 dilution. 

Nitches is making an exciting move into the booming metaverse space recently announcing it will develop its own metaverse for users to create 3D avatars, buy and sell NFTs (non-fungible tokens) and experience exclusive VR meetings, shows and events. Nitches team of designers and developers plan to integrate MetaHuman Creator, a software tool developed by Epic Games’ Unreal Engine, the company said in a statement. The advanced software will bring to life highly realistic 3D avatars in Nitches’ metaverse that can be downloaded for use in other metaverses. The 3D avatars can be outfitted in the latest designs from Nitches’ exclusive clothing lines that are designed with celebrities and influencers. 

 

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Nitches Inc (OTCMKTS: NICH) is a diversified technology and exclusive clothing company that blends high-tech with high-end fashion to design luxury clothing items and NFTs. The Company specializes in creating limited-edition athleisure and streetwear apparel and accessories that are sustainable, authentic and exclusive. Nitches collaborates with fashion-forward influencers and celebrities to create capsule collections that reflect their vision and brand. NICH develops innovative technology to protect its intellectual property and prevent counterfeiting. Nitches strives for creativity, excellence and value in all that we do for our collaborators, customers and stakeholders.  

Recently Nitches completed work on its industry-changing Owner Verification System (OVS™) mobile app called “NITCHES OVS” and successfully submitted the NITCHES OVS app to Apple iTunes (iPhone) and Google Play (Android) stores. It should be available later this month for buyers who purchase products from stores registered with Nitches. NITCHES OVS is an application (app) that can be used to prove ownership of Nitches’ luxury products, apparel and streetwear clothing items.  

Nitches has created two luxury capsule collections with Nick Cooper, superstar vocal coach from American Idol, and John Lewis. The iconic streetwear clothing lines feature a limited number of hoodies, hats and more. Nitches works one-on-one with celebrities from design concept through final manufacturing to deliver high-quality items that reflect the personalities’ unique brands. The celebrities help market the products to their fanbases via their social media sites. The Company also recently completed work on its industry-changing Owner Verification System (OVS™) mobile app called “NITCHES OVS.” Nitches has successfully submitted the NITCHES OVS app to Apple iTunes (iPhone) and Google Play (Android) stores. It should be available later this month for buyers who purchase products from stores registered with Nitches. NITCHES OVS is an application (app) that can be used to prove ownership of Nitches’ luxury products, apparel and streetwear clothing items.  

Nitches Inc., is designing and manufacturing its own exclusive clothing and merchandise to promote positive thinking and mindfulness. While working on its own line of apparel, the company will continue to collaborate with celebrities and influencers to develop high-quality streetwear collections that reflect the stars’ personalities and passions. Nitches also recently launched the “FutureMega” and “Peace on Marz” online stores that are selling limited-edition hoodies and caps on nitchescorp.com. 

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On June 1 Nitches released designs of its exclusive Miles Davis streetwear items that were created with renowned multimedia artist VooDo Fé. The clothing captures the essence of one of the most gifted and innovative artists, who continues to impact music today. Nitches and Voodo Fé will also bring the genius of Miles Davis to the metaverse by developing a comprehensive NFT (non-fungible token) strategy. 

The Miles Davis family granted VooDo Fé a licensing agreement to use his image. Voodo Fé has produced more than 8,000 original pieces in visual art, music, fashion design, graphic design and other products. He has worked with well-known brands like Calvin Klein, DKNY, NFL and NBA. NFTs are unique digital assets that can be owned, sold and traded using blockchain technology. The digital community will provide members with unique access to NFTs, online games and perks, such as airdrops (free cryptocurrency). 

John Morgan, Nitches’ CEO stated: “To reach Miles Davis’ enormous and diverse fan base, we wanted to use technology to help tell his story. We plan to build a digital community that is dedicated to celebrating his life, as well as create unique NFTs that can be sold as digital collectibles and art.” 

Microcapdaily first reported on Niches back in March after NICH executed a significant share reduction stating at the time: “Nitches Inc (OTCMKTS: NICH) is heating up and moving northbound after the Company announced 189,000,000 of common shares are in the process of being returned and cancelled, which reduces the company’s outstanding common shares to 39,659,644 from 229,659,644. Nitches reached an agreement with two shareholders that will result in the retirement of around 80 percent of its common shares. Nitches is also negotiating to reduce some of the company’s debt to a more standard note of a 50 percent discount to market. This is big news for NICH which has a clean balance sheet with just $188k in total liabilities on the books one of which is a note payable. NICH has runner in its blood skyrocketing during the month of February to highs of $0.76 per share before coming back down to where it started. After a brief dip below a dime NICH is once again moving northbound.  

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Currently trading at a market valuation of $2 million NICH is an exciting situation developing in small caps that is quickly getting noticed by some heavy hitters who are heavily accumulating at current levels. NICH has runner in its blood and a long history of big moves skyrocketing from under a dime to highs of $0.77 per share back in February, dropping under a dime in March and rocketing up over $0.40 in April. Currently moving northbound following a brief dip below $0.03, NICH recently executed a massive share reduction cancelling 229,659,644 shares, about 80% of the OS and ending up with 45,259,644 shares outstanding, 25,897,930 of which are restricted leaving just 19,361,714 free trading NICH shares worth $850,000. The Company is virtually debt free, in the process of up listing to fully reporting OTCQB, no dilution and a massive gap to fill from current levels. Nitches plans to create its own metaverse for users to create 3D avatars, buy and sell NFTs and experience exclusive VR meetings, shows and events. Nitches team of designers and developers plan to integrate MetaHuman Creator, a software tool developed by Epic Games’ Unreal Engine. We will be updating on NICH when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with NICH. 

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Disclosure: we hold no position in NICH either long or short and we have not been compensated for this article.

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