Invech Holdings, Inc. (OTC PINK: IVHI), a Nevada corporation based in Wyoming known for its SaaS and application development, has announced a strategic acquisition that marks its entry into the real estate sector. The company has acquired control of the website www.paragonrentals.ai along with its software code, front end, backend, and admin panel. The asset purchase was detailed in an 8K filing with the SEC, accessible at this link.
CEO and majority owner Alexander M. Woods-Leo expressed enthusiasm about the acquisition, stating that it allows the company to leverage a SaaS platform to expand its business opportunities and sector reach. The Paragon Rentals platform is now ready for open beta testing, offering a subscription-based business model where rental companies can list at fractional costs compared to competitors, thereby increasing their profit margins. Woods-Leo highlighted the potential to tap into the realtor market and secure agency listing contracts for the new platform.
Paragon Rentals operates primarily as a seller subscription-based platform, enabling sellers to list properties with 0% commissions. Buyers, on the other hand, pay a flat rate of $5 per booking plus payment processing fees and the booking cost. This model aims to disrupt the traditional real estate commission structure by reducing costs for sellers while maintaining a predictable fee for buyers.
Invech Holdings has also been active in enhancing its corporate communications. The company launched a new X (formerly Twitter) account, @InvechHoldings, where it will post links to filings, news, and product updates. Additionally, a revamped website is now live at www.invechholdings.com, featuring a dedicated section for new acquisitions that will be updated as the company continues to expand.
The acquisition of Paragon Rentals represents a significant shift for Invech Holdings, which traditionally focuses on SaaS and general application development, as well as consulting services such as FINRA corporate filings and OTC Markets compliance. By entering the real estate technology space, the company aims to diversify its revenue streams and capitalize on the growing demand for digital real estate solutions. The subscription-based model is designed to attract both individual landlords and property management companies seeking cost-effective listing options.
As with any forward-looking statements, the company cautions that actual results may differ materially from those projected due to various risks, including market acceptance, competition, and regulatory changes. Investors are encouraged to review the company's SEC filings for a comprehensive understanding of these risks.
