Invech Holdings, Inc. (OTC PINK: IVHI) has signed a Letter of Intent to acquire two platforms in the brokerage billing and bridge space, a move the company says is vital to generating early revenue and achieving its goal of listing on NASDAQ. The platforms, currently operating under a business umbrella in the United Kingdom, have several contracts generating revenue, though those contracts have expired and are up for renewal, representing over $900,000 USD per year.
Invech has negotiated the purchase of these platforms as “Asset Purchases” rather than buying the company as a whole. According to the company, acquiring the entire business would have cost north of $6 million in equity plus cash. Instead, the purchase price is $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 umbrella, potentially putting the company in a position to achieve revenue generation by the end of Quarter 2.
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 sports betting company with two games completed. The subsidiary is actively seeking new B2B deals and is interested in the B2C market, with plans to obtain a gambling license in Canada.
Management, which has been in control for less than three months, has already achieved several milestones: change of control, debt reduction negotiation with prior management, 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 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 the two new platforms.
Paragon Rentals, another Invech asset, is a primarily 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 provides FINRA corporate filings, drafting incorporation and corporate documents, OTC Markets Disclosure Statements, and general public company compliance consulting. The company also specializes in SaaS software development, both creating its own platforms and investing in others.
Invech has introduced a new X account @InvechHoldings for updates and has launched a new website at www.invechholdings.com. The company encourages shareholders to follow for expansion and execution updates.
