Invech Holdings, Inc. (OTC PINK: IVHI), a Nevada corporation headquartered in Wyoming that specializes in Software as a Service (SaaS) and general application development, has signed a Letter of Intent to purchase 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 out of the United Kingdom with several contracts generating revenue, 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. The company opted to spend less in order to assume the specific assets into Invech Holdings. If the company had bought the business, it would be spending north of $6 million in equity plus cash. Instead, Invech negotiated with the seller to sell the platforms as assets at $750,000 in equity plus $135,000 USD.
Invech Holdings has identified at least three potential licensed broker dealer clients that would sign up to use these platforms under the Invech Holdings umbrella. This would put Invech Holdings in a position where, as the current management who took control halfway through quarter one, the company could by the end of quarter two potentially achieve revenue generation.
The 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., a Nevada-based sports betting company with two completed games. The company is actively seeking new B2B deals and has identified interest in the B2C market, aiming to obtain a gambling license in Canada.
Management, in control for less than three months, has achieved several milestones, including a change of control, debt reduction negotiations, acquisition of www.paragonrentals.ai, contracting financing through GHS Investments, engaging a licensed broker dealer, drafting and filing an S-1 registration, receiving SEC effectiveness, conducting the first drawdown 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 seller 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 offers services including FINRA corporate filings, drafting incorporation documents, OTC Markets Disclosure Statements, and general public company compliance, acting as an outside consulting firm. The company also specializes in SaaS software development, creating its own platforms and investing in others.
The company has introduced a new X account @InvechHoldings for updates and a new website at www.invechholdings.com, which will be periodically updated to reflect developments.
