WSGF Previews Cryptocurrency Backed By Fractional Real Estate Ownership In Management Update
April 20 2021 - 11:05AM
ADVFN Crypto NewsWire
Dallas, TX -- April 20, 2021 --
InvestorsHub NewsWire -- World Series of Golf, Inc.
(OTC Pink:
WSGF)
("WSGF") today released a management update in conjunction with the
recently published FY2020 Annual
Report.
Serving Future
Airbnb and VRBO Operators
WSGF acquired Vaycaychella last year
making the new business acquisition its primary focus. A name
change reflecting the alternative real estate finance focus is
underway.
When WSGF acquired Vaycaychella,
Vaycaychella was already in the business of facilitating financing
for the purchase and renovation of real estate properties for the
purpose of generating revenue from short-term vacation rentals like
those found on Airbnb (ABNB), and VRBO (EXPE). Vaycaychella's
mission is to serve short-term vacation rental owners and investors
in the near term with a peer-to-peer (P2P) lending application
(App) currently under development, and at this time, being tested
in a beta phase.
Prior to Vaycaychella’s acquisition,
Vaycaychella launched a pilot alternative real estate financing
operation to test and evolve its operating premise.
Vaycaychella still maintains a portfolio of Caribbean vacation
properties as a pilot model to validate the opportunity to build a
business around providing an alternative financing resource to
empower entrepreneurs to build and expand short-term vacation
property rental businesses.
$1.25 Million Asset
And $1.5 Million Liability Exchange For Non-Convertible
Preferred
Vaycaychella has provided alternative
financing backing multiple short-term vacation rental properties
and a boutique hotel.
Vaycaychella invested $1.25 million
dollars in the pilot, Caribbean, short-term vacation rental
properties prior to WSGF’s acquisition of
Vaycaychella.
WSGF acquired Vaycaychella in January of
2020, in exchange for a $1.5 million
note.
WSGF and the Vaycaychella sellers expect
to exchange the $1.5 million note for preferred stock without an
option to convert into common, prior to the end of Q2
2021.
Peer-To-Peer (P2P)
Fintech Alternative Real Estate Finance App To Launch This
May
The Vaycaychella Peer-To-Peer (P2P) App
will connect would be short-term rental property buyers with a new
breed of alternative investors.
Management expects to launch the App no
later than May of this year and possibly by the end of April.
The App is currently undergoing Beta
testing.
The post Covid convergence of an increase
in vacation demand and housing supply could result in an ideal
buying opportunity for would-be short-term vacation property
owner/operator entrepreneurs, and WSGF’s Vaycaychella App has the
potential to be the right tool at the right time to help
entrepreneurs (or as we like to call them “Rentrepreneurs”) to
purchase houses.
Cryptocurrency and
Crowdfunding
The company recently announced kicking off
development efforts on the next version of the company’s
alternative real estate finance application designed to facilitate
the purchase of short-term rental properties. The
Vaycaychella App Version 2.0 will include
cryptocurrency and crowdfunding
features to expand alternative finance options available to
entrepreneurs (“Rentrepreneurs”).
WSGF management reports having been
recently contacted and entering into to business development
negotiations regarding an opportunity to launch a cryptocurrency
backed by fractional ownership into a portfolio of short-term
rental vacation properties. Management anticipates an
agreement coming soon.
Caribbean Boutique
Hotel
The Vaycaychella backed boutique Caribbean
Hotel is located in Havana, Cuba. In spite of the impact from
Covid, renovations are nearly complete, and an opening is
anticipated soon. To celebrate the opening and to facilitate
market awareness for Vaycaychella’s alternative finance service,
look for news coming soon about a contest to participate in the
opening celebration, and be one of the first to stay at the
Vaycaychella backed boutique Caribbean hotel.
To learn more and keep up with the latest
updates at Vaycaychella, visit https://www.vaycaychella.com/.
At the company website, you will find a blog with frequent industry
publications on the short-term rental market in general, as well as
entries specific to Vaycaychella.
Disclaimer/Safe Harbor: This news release
contains forward-looking statements within the meaning of the
Securities Litigation Reform Act. The statements reflect the
Company's current views with respect to future events that involve
risks and uncertainties. Among others, these risks include the
expectation that any of the companies mentioned herein will achieve
significant sales, the failure to meet schedule or performance
requirements of the companies' contracts, the companies' liquidity
position, the companies' ability to obtain new contracts, the
emergence of competitors with greater financial resources and the
impact of competitive pricing. In the light of these uncertainties,
the forward-looking events referred to in this release might not
occur.
WSGF Contact:
William "Bill" Justice
bill@vaycaychella.com
(800)
871-0376
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