Corporate Update

Rhea-AI Summary

International Endeavors Corporation (IDVV) announced a corporate update highlighting a Letter of Intent (LOI) with Atrius Energy to license and market isothermal cell patents. This strategic partnership aims to enhance the company's solar product offerings, envisioning significant growth in 2021. The company's relationship with Eco-Camps is thriving, with anticipated occupancy rates of up to 90%. Additionally, IEC and Voltage River are collaborating on innovative isothermal cell products, promising efficiency ratings of 70-90%. A demonstration of this technology is scheduled for later this month.

Positive

• Partnership with Atrius Energy to license isothermal cell patents for solar products.
• Expected growth in occupancy rates with Eco-Camps, reaching up to 90%.
• Development of innovative isothermal cell products with efficiency ratings of 70-90%.

Negative

• None.

LOS ANGELES, CA / ACCESSWIRE / October 8, 2020 / International Endeavors Corporation "IEC" (OTC PINK:IDVV) today announced the following corporate update.

As stated in our last press release on October 5, 2020 International Endeavors Corporation announced an LOI with Atrius Energyto license, market and brand its isothermal cell patents. This agreement brings a great opportunity for International Endeavors Corp. and our valued shareholders. The technology fits perfectly with our vision of building several best-in-class solar products thus providing exceptional growth over the coming years.

Company progress for the remainder of year 2020: We look forward to a strong 4th quarter.

Our relationship with Eco-Camps is continuing to grow daily. Eco-Camps continues to surpass expectations of growth given the current trend of social distancing travel. We anticipate up to 90% occupancy rates through the next several months.

Our relationship with Voltage River and Atrius Energy has started growing rapidly. Utilizing the patents held by Atrius Energy, IEC along with Voltage River are developing a line of isothermal cell products that can allow for an unheard of efficiency rating in the 70 - 90 percentile. We are scheduled later this month to film a demonstration of the cell and its uses, in particular how the cell can use thermal energy to generate power all day and night as apposed to a traditional cells limitation of only day.

Bill Martin, VP, stated "Our future is looking bright. The company's growth is proof we are on the right track and we will continue building new, exciting and innovative products.

About International Endeavors Corporation (OTC PINK:IDVV)

International Endeavors Corporation is engaged in locating and acquiring established companies, brands, and technologies in both the hospitality and green energy sector. The company also has a real estate portfolio that includes commercial property, agricultural land, and buildings.

Disclaimer

Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. International Endeavors Corporation (IDVV) is under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact:

Bill Martin, Vice President
Phone: 1-619-343-3199
Email: billmartin@internationalendeavorscorp.com

SOURCE: International Endeavors Corporation, Inc.

View source version on accesswire.com:
https://www.accesswire.com/609730/Corporate-Update

FAQ

What is the purpose of the LOI with Atrius Energy for IDVV?

The LOI allows International Endeavors Corporation to license and market Atrius Energy's isothermal cell patents, enhancing their solar product range.

What are the expected occupancy rates for Eco-Camps associated with IDVV?

International Endeavors Corporation anticipates occupancy rates for Eco-Camps to reach up to 90% in the coming months.

What efficiency ratings are projected for the new isothermal cell products developed by IDVV?

The new isothermal cell products are expected to achieve efficiency ratings between 70% and 90%.

When is the demonstration of the isothermal cell technology scheduled?

The demonstration of the isothermal cell technology is scheduled for later this month.