Invech Holdings, Inc. (OTC PINK: IVHI) announced today that it has acquired control of www.paragonrentals.ai, including its software code, front end, backend and admin panel. The company filed an 8K with the Securities and Exchange Commission regarding the asset purchase. This acquisition signifies Invech Holdings' strategic expansion into the real estate market, leveraging a SaaS platform to disrupt traditional rental listing models.
CEO and majority owner Alexander M. Woods-Leo stated, “This acquisition allows the business to utilize a SAAS Platform in order to expand its business opportunities and sector reach. www.paragonrentals.ai is ready for open testing on an open beta scale. The idea to utilize a subscription business model whereas rental companies can list at fractional competitor costs, allows them to increase their profit margins substantially. We are excited to be able to tap the realtor market and potentially get agency listing contracts to list on our new platform.”
Paragon Rentals is a seller subscription-based platform that allows sellers to list properties with 0% commissions. Buyers pay a flat rate of $5 per booking plus payment processing fees and booking cost. This model aims to provide significant cost savings for rental companies and attract listings from real estate agencies.
Invech Holdings, Inc. specializes in SaaS and general application development, as well as providing consulting services for FINRA corporate filings, incorporation documents, OTC Markets Disclosure Statements, and public company compliance. The company also invests in and develops other SaaS platforms.
To enhance shareholder communication, Invech Holdings has launched a new X account @InvechHoldings where it will post links to filings, news, and product updates. The company also updated its website at www.invechholdings.com, which will feature a section for new acquisitions as they occur.
This acquisition positions Invech Holdings to compete in the real estate technology space, offering a low-cost alternative to traditional commission-based listing services. The company expects the platform to undergo open beta testing shortly, with potential to capture market share from established players.
