Invech Holdings, Inc. (OTC PINK: IVHI) announced it has signed a Letter of Intent to acquire two platforms in the brokerage billing and bridge space. The company identified these platforms as vital to early revenue options. Currently operating under a business umbrella in the United Kingdom, the platforms have contracts generating over $900,000 USD per year, though those contracts have expired and are up for renewal.
Invech Holdings negotiated the purchase as “Asset Purchases” rather than buying the company as a business, significantly reducing costs. The seller agreed to sell the platforms as assets at $750,000 in equity plus $135,000 USD, compared to the estimated $6 million in equity plus cash that would have been required for a full business acquisition. The company has identified at least three potential licensed broker dealer clients that would sign up to use these platforms under the Invech Holdings umbrella. This positions the company to potentially achieve revenue generation by the end of Quarter two, given that current management took control halfway through Quarter one.
CEO and majority owner Alexander M. Woods-Leo stated, “These platforms represent a fast tracked approach to achieving the listing requirements to NASDAQ. Our team has the fund, (GHS Investments) and the licensed broker dealer (Craft Capital Management, LLC), and is now generating asset acquisitions to increase balance sheet strength. Our generalized plan is based on controlling the excess dilution to value ratios so that we can work to achieve the necessary price acquisition needed for our listing goals.”
Invech Holdings recently purchased a fantasy sports platform, as disclosed in an SEC filing. The company created a wholly owned subsidiary, Sporty Pick, Inc., to house the asset. Sporty Pick is a sports betting company incorporated in Nevada with two completed games, actively seeking new B2B deals and exploring the B2C market, including pursuing a gambling license in Canada.
Management progress in less than three months includes change of control, debt reduction negotiations, acquisition of Paragon Rentals.ai, contracting financing through GHS Investments, engaging a licensed broker dealer, drafting and filing an S-1 registration, receiving SEC effectiveness, conducting the first draw down on the S-1 ELOC facility, acquiring a fantasy sports SaaS platform, hiring a new senior tech manager, and signing an LOI for two more SaaS platforms with high early revenue potential.
Paragon Rentals is a subscription-based platform allowing sellers to pay 0% commissions for listings, with buyers paying a flat rate per booking of $5 plus payment processing fees and booking cost. Invech Holdings also provides FINRA corporate filings, drafting incorporation documents, and OTC Markets Disclosure Statements as an outside consulting firm, alongside software development in the SaaS space.
The company has introduced a new X account @InvechHoldings for updates on filings, news, and product services. A new website at www.invechholdings.com has been created and will be updated periodically.
