Invech Holdings, Inc. (OTC PINK: IVHI), a Nevada corporation headquartered in Wyoming specializing in SaaS and application development, has announced the acquisition of control of Paragon Rentals AI, including its software code, front end, backend, and admin panel. The company filed an 8K with the SEC detailing the asset purchase: SEC Filing.
CEO and majority owner Alexander M. Woods-Leo stated, "This acquisition allows the business to utilize a SaaS platform to expand its business opportunities and sector reach. Paragon Rentals AI is ready for open beta testing. The subscription business model enables rental companies to list at fractional competitor costs, substantially increasing their profit margins. We are excited to tap the realtor market and potentially obtain agency listing contracts for our new platform."
Paragon Rentals AI is a seller subscription-based platform where sellers pay 0% commissions for listings. Buyers pay a flat rate of $5 per booking plus payment processing fees and the booking cost. This model aims to disrupt traditional rental listing services by reducing costs for sellers and providing a transparent fee structure for buyers.
Invech Holdings provides FINRA corporate filings, incorporation and corporate documents, OTC Markets Disclosure Statements, and general public company compliance consulting. The company also develops SaaS platforms and invests in other platforms. The acquisition of Paragon Rentals AI marks Invech's entry into the real estate technology sector, leveraging its existing expertise in software development.
Invech Holdings has launched a new X (formerly Twitter) account @InvechHoldings to share filings, news, and product updates. The company also updated its website at www.invechholdings.com, with a new acquisitions section to be updated post-acquisitions.
This press release contains forward-looking statements based on current beliefs and assumptions. Actual results may differ materially due to risks including market acceptance, competition, and regulatory changes. The company undertakes no obligation to update forward-looking statements.
