Invech Holdings, Inc. (OTC PINK: IVHI) announced its acquisition of control of Paragon Rentals AI, including its software code, front end, backend, and admin panel, according to an 8K filing with the Securities and Exchange Commission. The move marks the company's strategic entry into the real estate market, leveraging a Software as a Service (SaaS) platform to offer a subscription-based rental listing service.
The platform, accessible at www.paragonrentals.ai, is designed for open beta testing. It operates on a seller subscription model, allowing rental companies to list properties at a fraction of competitor costs while paying zero commissions. Buyers are charged a flat rate of $5 per booking, plus payment processing fees and the booking cost. 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. 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.”
Invech Holdings, a Nevada corporation headquartered in Wyoming, specializes in SaaS and general application development, as well as providing FINRA corporate filings, drafting incorporation documents, OTC Markets Disclosure Statements, and public company compliance consulting. The company also creates its own SaaS platforms and invests in others. The acquisition of Paragon Rentals AI aligns with Invech's broader strategy to diversify its service offerings and revenue streams.
The company has also launched a new X (formerly Twitter) account, @InvechHoldings, where it will post links to filings, news, and product updates. Additionally, Invech has updated its corporate website at www.invechholdings.com, which will be enhanced over time and include a section for newly acquired assets.
This acquisition represents a significant shift for Invech Holdings, which has traditionally focused on compliance and software development. By entering the real estate sector with a disruptive pricing model, the company aims to capture market share from traditional rental platforms that charge high commissions. The success of Paragon Rentals AI will depend on user adoption and the ability to attract both sellers and buyers to the platform. The company's forward-looking statements, as outlined in its Safe Harbor Statement, caution that actual results may differ materially due to various risks, including market acceptance, competition, and regulatory changes.
