Invech Holdings, Inc. (OTC PINK: IVHI), a Nevada corporation headquartered in Wyoming specializing in SaaS and general application development, has signed a Letter of Intent (LOI) to acquire two platforms in the brokerage billing and bridge space. The company identified these platforms as crucial for early revenue generation. Currently operating under a business umbrella in the United Kingdom, the platforms have several contracts that have expired but are up for renewal, generating over $900,000 USD per year. Invech Holdings negotiated the purchase as asset acquisitions rather than buying the entire company, opting to spend less—$750,000 in equity plus $135,000 in cash—compared to the estimated over $6 million in equity and cash for a full business acquisition.
The company has identified at least three potential licensed broker dealer clients that would sign up to use these platforms under the Invech Holdings umbrella. This move positions Invech Holdings to potentially achieve revenue generation by the end of Quarter 2, given that current management took control halfway through Quarter one. 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 completed games. The company is actively seeking B2B deals and exploring the B2C market, as well as pursuing a gambling license in Canada.
Management has been in control for less than three months and has achieved several milestones: change of control, debt reduction negotiations 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 an LOI for two additional SaaS platforms with high early revenue potential.
Paragon Rentals is a seller subscription-based platform allowing sellers to pay 0% commissions, with buyers paying a flat $5 fee plus payment processing and booking costs. Invech Holdings also offers services including FINRA corporate filings, drafting incorporation documents, OTC Markets Disclosure Statements, and general public company compliance, alongside software development in the SaaS space.
The company has launched a new X account @InvechHoldings for updates on filings, news, and product services. Shareholders are encouraged to follow the company as it expands and executes its business plan. The newly updated website www.invechholdings.com will be periodically updated to reflect developments.
