Invech Holdings, Inc. (OTC PINK: IVHI) has signed a Letter of Intent to purchase two platforms in the brokerage billing and bridge space, the company announced today. The platforms, currently operating under a business umbrella in the United Kingdom, are seen as vital to generating early revenue. Although existing contracts have expired and are up for renewal, they previously generated over $900,000 USD per year.
Instead of buying the company as a whole, Invech has negotiated an asset purchase structure, paying $750,000 in equity plus $135,000 USD. This approach avoids the estimated $6 million in equity and cash that would be required for a full company acquisition. The company has identified at least three potential licensed broker dealer clients that would sign up to use these platforms under Invech’s umbrella, potentially allowing the company to achieve revenue generation by the end of the second quarter.
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.”
Invech recently purchased a fantasy sports platform, which was moved into a wholly owned subsidiary, Sporty Pick, Inc. The company is actively seeking B2B deals and has identified interest in the B2C market, as well as pursuing a gambling license in Canada.
Management progress in less than three months includes a change of control, debt reduction negotiations, 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, and hiring a new senior tech manager.
The company’s services include FINRA corporate filings, drafting incorporation documents, OTC Markets Disclosure Statements, and general public company compliance. Invech also specializes in SaaS development. The company has launched a new X account @InvechHoldings and updated its website at www.invechholdings.com.
