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 a recent 8K filing with the Securities and Exchange Commission. The company, which specializes in Software as a Service (SaaS) and general application development, acquired control of www.paragonrentals.ai along with its software code, front end, backend, and admin panel.
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. The platform is ready for open beta testing. The subscription business model enables rental companies to list at fractional competitor costs, potentially increasing their profit margins substantially. The company aims to tap the realtor market and secure agency listing contracts for the new platform.
Paragon Rentals operates primarily as a seller subscription-based platform, allowing sellers to pay zero commissions for listings. Buyers are charged a flat rate of $5 per booking, plus payment processing fees and the booking cost. This model is designed to disrupt traditional commission structures in the rental market.
Invech Holdings provides services including FINRA corporate filings, drafting incorporation and corporate documents, OTC Markets Disclosure Statements, and general public company compliance, acting as an outside consulting firm. The company also develops its own SaaS platforms and invests in others.
The company has also launched a new X (formerly Twitter) account, @InvechHoldings, to share links to filings, news, and product updates. Additionally, it has updated its website at www.invechholdings.com, which will be enhanced over time and will include a section for the newest acquisitions.
The 8K filing referenced can be found at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001009919/000168316826001462/invech_8k.htm.
