Invech Holdings, Inc. (OTC PINK: IVHI) has announced its entry into the real estate market through the acquisition of the Paragon Rentals platform, as detailed in an 8-K filing with the SEC. The company, which specializes in SaaS and general application development, acquired control of www.paragonrentals.ai, including its software code, front end, backend, and admin panel. The move marks a strategic expansion beyond its core consulting and software development services.
CEO and majority owner Alexander M. Woods-Leo stated that the acquisition allows the business to utilize a SaaS platform to expand its business opportunities and sector reach. Paragon Rentals is ready for open beta testing and employs a subscription business model where rental companies can list at fractional competitor costs, potentially increasing their profit margins substantially. The platform aims to tap the realtor market and secure agency listing contracts.
Paragon Rentals is a primarily seller subscription-based platform that allows sellers to pay 0% commissions for listings. Buyers are charged a flat rate of $5 per booking plus payment processing fees and booking cost. This model differentiates it from traditional real estate platforms that often charge significant commissions to sellers.
Invech Holdings, headquartered in Wyoming, offers services including FINRA corporate filings, drafting incorporation and corporate documents, drafting OTC Markets Disclosure Statements, and general public company compliance. The company also develops its own SaaS platforms and invests in other platforms. The acquisition of Paragon Rentals aligns with its goal to create and expand its portfolio of software solutions.
The company has also launched a new X (formerly Twitter) account @InvechHoldings to post links to filings, news, and product updates. Additionally, a new website at www.invechholdings.com has been created to provide information on the company and its acquisitions.
The press release includes forward-looking statements regarding the company's plans and expectations, subject to risks and uncertainties. Factors such as market acceptance, competition, and regulatory changes could affect actual results. The company undertakes no obligation to update these statements.
