Invech Holdings, Inc. (OTC PINK: IVHI) announced the signing of a Letter of Intent (LOI) to acquire two platforms specializing in brokerage billing and bridge services. The company identified these platforms as critical to generating early revenue. Currently operating under a business umbrella in the United Kingdom, the platforms have several contracts that have expired but are up for renewal, representing over $900,000 USD per year in potential revenue.
Invech Holdings negotiated the purchase as "Asset Purchases" rather than acquiring the entire company, significantly reducing costs. The deal involves $750,000 in equity plus $135,000 USD, compared to an estimated $6 million in equity and cash if the company were bought as a whole. This strategic move allows Invech to assume specific assets while minimizing dilution.
Management 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, following management's takeover 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."
This acquisition follows Invech's recent purchase of a fantasy sports platform, which was moved into a wholly owned subsidiary, Sporty Pick, Inc. The company is actively seeking B2B deals and exploring the B2C market, with plans to obtain a gambling license in Canada.
Management's 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 drawdown on the S-1 ELOC facility, acquiring a fantasy sports SaaS platform, hiring a new senior tech manager, and signing the LOI for two additional SaaS platforms with high early revenue potential.
Invech Holdings provides services including FINRA corporate filings, drafting incorporation documents, OTC Markets Disclosure Statements, and general public company compliance, alongside its focus on SaaS development and investment.
For more information, visit www.invechholdings.com and follow the company on X (formerly Twitter) at @InvechHoldings.
