IDVV Announces Acquisition to Expand Into AI Sector

Rhea-AI Summary

International Endeavors Corporation (OTC PINK:IDVV) has announced its acquisition of WITech, a company specializing in automation and AI technologies. This strategic move is expected to enhance IDVV's existing solar and crypto technologies while facilitating entry into the AI sector. The integration of WITech's technologies will improve mining efficiency and automate processes within IDVV's Clean Energy Crypto projects.

IDVV plans to establish a wholly-owned subsidiary for WITech to develop innovative products, including an automated video production platform, responding to market trends that show a significant rise in video marketing utilization among businesses.

Positive

• Acquisition of WITech enhances capabilities in AI and automation.
• Potential for improved mining efficiency and automation in Clean Energy Crypto projects.
• Creation of a subsidiary for targeted development of innovative products.
• Market trends indicate increasing demand for video marketing tools.

Negative

• None.

LOS ANGELES, CA / ACCESSWIRE / February 22, 2023 / International Endeavors Corporation "IEC" (OTC PINK:IDVV) announced that it has acquired WITech, a privately held organization focused on automation, and AI technologies.

This acquisition will enable International Endeavors Corporation to improve it's current solar and crypto technologies as well as expand into the growing AI Sector.

We intend to incorporate the technology several ways starting with incorporating it into our existing Clean Energy Crypto projects, allowing the user more efficient mining and automating processes.

IDVV also plans to create a wholly owned subsidiary for WITech to use the technology to develop several products including an automated video production platform that incorporates popular AI's and automation to create content.

According to a current marketing report published by Wyzowl 91% of businesses use video as a marketing tool, an all-time high since they started tracking data and a significant jump from previous years. Additionally 96% of marketers agree that videos have helped increase user understanding of their product or service. This figure has never dropped below 93% since 2015.

We believe there is a tremendous opportunity in this sector and plan to differentiate from others by using AI and automation. 70% of the marketers who don't currently use video as a marketing tool indicate they plan to start in 2023.

Recently AI technologies have become more of a mainstream topic with OpenAI's launch of ChatGPT, Google's Bard, and Microsoft's Bing AI Chatbot.

Company Vice President Bill Martin stated "As I previously stated we have been building the technology segment of our company during the last year. This acquisition will allow the company to provide a better product and expand our company into other areas of growth. We look forward to announcing a video demonstration shortly."

We encourage everyone to follow us.

Twitter

https://twitter.com/IDVVcorp

Website

https://IDVVCORP.COM

About Us

International Endeavors Corporation ("IEC") is an alternative energy company that is centered on the marketing, sales, distribution, and installation of solar technology, battery storage, bi-directional charging and clean energy crypto mining rigs in the US and Latin America. We are focused on providing solutions to improve ROI to on & off grid clients. In addition to our main business, we are engaged in locating, acquiring and partnering with "Eco Friendly" established companies, brands, and technologies.

The Company currently is reporting its financial information on OTCMarkets.

Our filings can be seen at https://www.otcmarkets.com

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: billmartinidvv@gmail.com

SOURCE: International Endeavors Corporation, Inc.

View source version on accesswire.com:
https://www.accesswire.com/740299/IDVV-Announces-Acquisition-to-Expand-Into-AI-Sector

FAQ

What was the purpose of IDVV's acquisition of WITech?

IDVV acquired WITech to enhance its solar and crypto technologies and expand into the AI sector.

What technologies will IDVV incorporate from WITech?

IDVV plans to integrate WITech's automation and AI technologies into its Clean Energy Crypto projects.

How could the acquisition impact IDVV's stock performance?

The acquisition is expected to improve operational efficiency and open new markets, potentially positively impacting IDVV's stock performance.

What products is IDVV planning to develop with WITech's technology?

IDVV intends to develop an automated video production platform and other products utilizing AI and automation.

What market trends support IDVV's move into the AI sector?

Current reports show a significant increase in businesses utilizing video marketing, indicating a growing demand for related technologies.