Invech Holdings, Inc. (OTC PINK: IVHI), a Nevada corporation headquartered in Wyoming specializing in Software as a Service (SaaS) and general applications, 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 early revenue options, as they currently operate under a business umbrella out of the United Kingdom with several contracts generating revenue. However, those contracts have expired and are up for renewal, generating over $900,000 USD per year.
Invech Holdings has negotiated the purchase of these platforms as “Asset Purchases” instead of buying the company as a business. By opting to spend less, the company will assume the specific assets into Invech Holdings, Inc. If the company had bought the company as a business, it would have spent north of $6 million in equity plus cash. Instead, Invech Holdings negotiated with the seller to sell the platforms as assets at $750,000 in equity plus $135,000 USD. 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, with current management that took control halfway through quarter one, to potentially achieve revenue generation by the end of quarter two.
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, and created a wholly owned subsidiary, Sporty Pick, Inc., to house the asset. Sporty Pick, Inc. is a Sports Betting company incorporated out of Nevada that currently has two games completed. The company is actively seeking new B2B deals and has recently identified its interest in the B2C market, as well as seeking a gambling license in Canada.
Management progress in less than three months includes a change of control, negotiation with prior management to reduce debt, acquisition of Paragon Rentals AI, contracting financing through GHS Investments, engaging a licensed broker dealer, drafting and filing an S-1 registration, receiving effectiveness by the SEC 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 an LOI for two more SaaS platforms with high early revenue potential.
The Paragon Rentals platform is a primarily seller subscription-based platform allowing sellers to pay 0% commissions for listings, while buyers have a flat rate per booking of $5 plus payment processing fees and booking cost. Invech Holdings’ services include FINRA corporate filings, drafting incorporation and corporate documents, drafting OTC Markets Disclosure Statements, and general public company compliance. IVHI acts as an outside consulting firm for these services, and also specializes in software development, particularly in the SaaS space, both creating its own platforms as well as developing and investing in others.
Invech Holdings has introduced a new X account @InvechHoldings to post links to filings, news, and product updates, and has updated its website at www.invechholdings.com, where the newest acquisitions section is periodically updated. The company’s ability to achieve revenue generation and progress toward NASDAQ listing may provide significant value to shareholders and the industry.
