Social Tech, Super App Innovator Bebuzee, Inc. (OTC: ENGA) Launches Subsidiary to Acquire and Monetize Real Estate with Initial Acquisition of over 500 Apartments and Villas in Spain’s High Demand Costa del Sol
Bebuzee, Inc. (OTC Pink: ENGA) announced the formation of a wholly owned subsidiary, Bebuzee Spain. This new entity aims to focus on real estate asset acquisitions, launching with an initial portfolio of over 500 apartments and villas in Costa del Sol, Spain. The initiative complements Properbuz, a unique platform that connects social networking with real estate technology, leveraging user data for enhanced property searches. CEO Joseph Onyero expressed confidence in the strategic importance of this expansion, which aligns with the company's ongoing development of its SuperApp.
- Formation of Bebuzee Spain subsidiary focusing on real estate acquisitions.
- Initial acquisition of over 500 apartments and villas in Costa del Sol indicates strong market entry.
- Integration of Properbuz enhances user experience by merging social networking with real estate.
- None.
MIAMI, FLORIDA, Aug. 24, 2022 (GLOBE NEWSWIRE) -- Bebuzee, Inc. (OTC Pink: ENGA), a social platform and streaming service focused on development and deployment of America’s first SuperApp, has initiated formation of a wholly owned subsidiary. Bebuzee Spain, with a focus on real estate asset acquisitions to align with its Properbuz, which digitally captures and generates highly accurate real estate listings through credible user profiles. Properbuz artificial intelligence matches real estate searchers with ideal neighborhoods based on search criteria and driven by real world reviews.
A super-app is a single mobile app that offers basic services including chat and payments, along with a suite of “mini-apps”, ranging from stores and restaurants to government agencies. Westerners aren’t familiar with them, but across much of Asia, super-apps are the internet.
Upon finalization of incorporating Bebuzee Spain, the company will begin acquiring a portfolio of real estate consisting of more than 500 apartments and villas in Spain’s coveted destination, Costa del Sol, featuring beautiful coastal areas like Marbella.
CEO Joseph Onyero states, “We are thrilled to be launching this initiative as part of our as a perfect complement to Properbuz, adding a comprehensive social and transactional real estate element to our continually evolving Bebuzee Super App.”
“Properbuz is the only real estate technology in the world that is connected to a social networking app. We seamlessly connect the millions of Bebuzee users to our built-in Properbuz service allowing them to search for properties to rent or purchase near home or in other places in the world. In addition, the user data we will be aggregating as part of the bigger picture can provide exponential fundamental value for the Company and its Shareholders.”
SAFE HARBOR: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, about Bebuzee, Inc. and the company’s industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding the proposed terms of the shares, the completion, timing, and size of the proposed offering of the shares, and the anticipated use of the net proceeds from the proposed offering of the shares are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “going to,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” or the negative of these words or other similar terms or expressions. Snap cautions you that the foregoing may not include all of the forward-looking statements made in this press release.
You should not rely on forward-looking statements as predictions of future events. Bebuzee has based the forward-looking statements contained in this press release primarily on its current expectations and projections about future events and trends, including its financial outlook and the ongoing COVID-19 pandemic, that it believes may affect the company’s business, financial condition, results of operations, and prospects. These forward-looking statements are subject to risks and uncertainties related to Bebuzee’s financial performance; the lack of historical profitability; the ability to generate and sustain positive cash flow; the ability to attract and retain users, publishers, and advertisers; competition and new market entrants; managing Bebuzee’s international expansion and growth and future expenses; compliance with new laws, regulations, and executive actions; the ability to maintain, protect, and enhance Bebuzee’s intellectual property; the ability to succeed in existing and new market segments; the ability to attract and retain qualified and key personnel; the ability to repay outstanding debt; future acquisitions, divestitures or investments; and the potential adverse impact of climate change, natural disasters, and health epidemics, as well as risks, uncertainties. In addition, any forward-looking statements contained in this press release are based on assumptions that Bebuzee believes to be reasonable as of this date. Bebuzee undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
Contact:
Bebuzee, Inc.
www.Bebuzee.com
pr@bebuzee.com
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FAQ
What is the purpose of Bebuzee's new subsidiary Bebuzee Spain?
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What is Properbuz and how does it relate to Bebuzee?
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