Invech Holdings, Inc. (OTC PINK: IVHI), a Nevada corporation headquartered in Wyoming specializing in SaaS and general application development, has signed a Letter of Intent (LOI) to acquire two platforms in the brokerage billing and bridge space. The company identified these platforms as vital to generating early revenue. Currently operating under a business umbrella in the United Kingdom, the platforms have several contracts that have expired and are up for renewal, collectively generating over $900,000 USD per year.
Invech Holdings negotiated the purchase as asset acquisitions rather than buying the company outright. According to the company, acquiring the entire business would have cost north of $6 million in equity plus cash. Instead, the negotiated deal is $750,000 in equity plus $135,000 USD. This strategic move is designed to reduce expenditure while adding specific assets to Invech Holdings' balance sheet.
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 Invech Holdings to potentially achieve revenue generation by the end of the second quarter, given that current management took control halfway through the first quarter.
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.”
This acquisition follows the recent purchase of a fantasy sports platform, which was moved into a wholly owned subsidiary, Sporty Pick, Inc., a Nevada sports betting company with two completed games. Sporty Pick is actively seeking new B2B deals and has identified interest in the B2C market, with plans to obtain a gambling license in Canada.
Management progress in less than three months includes a change of control, debt reduction negotiations, acquisition of paragonrentals.ai, contracting financing through GHS Investments, engaging a licensed broker dealer, drafting and filing an S-1 registration, receiving SEC effectiveness for the S-1, 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 the LOI for two more SaaS platforms with high early revenue potential.
Paragon Rentals is a seller subscription-based platform allowing sellers to pay 0% commissions for listings, with buyers paying a flat rate of $5 plus payment processing fees and booking cost. Invech Holdings also provides FINRA corporate filings, drafting incorporation and corporate documents, OTC Markets Disclosure Statements, and general public company compliance services, in addition to software development.
Invech Holdings has introduced a new X account @InvechHoldings for posting links to filings, news, and product updates, and has updated its website at www.invechholdings.com, which will be periodically updated to reflect company developments.
