Invech Holdings, Inc. (OTC PINK: IVHI) announced it has signed a Letter of Intent (LOI) to acquire two platforms in the brokerage billing and bridge space, marking a strategic move to generate early revenue and strengthen its balance sheet. The company, which specializes in SaaS and general application development, identified these platforms as vital to achieving its listing requirements for NASDAQ.
The platforms currently operate under a business umbrella in the United Kingdom and have contracts generating over $900,000 USD per year, though those contracts have expired and are up for renewal. Invech negotiated the purchase as an asset acquisition rather than buying the company outright, significantly reducing costs. According to the press release, buying the company as a business would have cost over $6 million in equity plus cash, but the asset purchase was negotiated at $750,000 in equity plus $135,000 USD.
Invech has identified at least three potential licensed broker dealer clients that would sign up to use these platforms under the Invech umbrella. This positions the company to potentially achieve revenue generation by the end of Quarter 2, given that current management took control halfway through Quarter 1.
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 has been actively expanding its portfolio. The company recently purchased a fantasy sports platform, details of which were filed with the SEC. That platform was moved into a wholly owned subsidiary, Sporty Pick, Inc., a Nevada-based sports betting company that has two games completed and is seeking B2B and B2C deals, as well as a gambling license in Canada.
Management progress in less than three months includes a change of control, debt reduction negotiations, the acquisition of Paragon Rentals, 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 two more SaaS platforms.
Paragon Rentals is a seller subscription-based platform allowing sellers to list with 0% commissions, while buyers pay a flat rate of $5 per booking plus processing fees and booking costs.
Invech Holdings, Inc. also offers FINRA corporate filings, drafting incorporation and corporate documents, OTC Markets disclosure statements, and general public company compliance consulting. The company develops its own SaaS platforms and invests in others.
The company has launched a new X account @InvechHoldings to share filings, news, and product updates. Its new website, invechholdings.com, includes a section for the newest acquisitions that will be updated as developments occur.
Forward-looking statements in the release highlight risks including market acceptance, competition, and the ability to develop new products, but the company emphasizes its focus on controlling dilution and building balance sheet strength to achieve NASDAQ listing goals.
