American Aires Inc. announced a record in monthly order volume. In the month of July, the company received orders totaling CAD 1 million, 50% higher than CAD 673,000 received in June of 2023 and 65% higher than CAD 611,000 received in July of 2022. Compared to the previous record which was set during the November 2022 pre-holiday spending season at CAD 965,000, the July 2023 order volume was 5% higher.

The company is very pleased with this summer month result and believes the focus on effective ad spend and careful sales pipeline management positions the company very well for the rest of the year and the upcoming 2023 holiday season. Although the improvement in the inventory levels played an important role in supporting the strong sales, and particularly repeat purchases, management continues to seek external sources of financing, necessary to bolster the company's inventory position in advance of seasonally higher sales in the months of third quarter and fourth quarter. The company expects to provide a further update on the financing progress in the near term.