IDVV Announces Partnership with Leading Glamping Accommodation Provider Eco-Camps Along With Plans To Go Current Information

Rhea-AI Summary

International Endeavors Corporation (IDVV) announced a Memorandum of Understanding with Eco-Camps to develop a glamping resort at its Temecula Valley property. The partnership entails forming an LLC, an equity swap, and mutual use of intellectual property. Eco-Camps focuses on off-the-grid, eco-friendly accommodations, enhancing the outdoor experience with hotel-like comforts. Additionally, the company aims to return to Current Information status with OTCMarkets, expecting updated filings by the end of the current quarter.

Positive

• Partnership with Eco-Camps for developing a glamping resort that may attract eco-conscious tourists.
• Equity swap and shared intellectual property could enhance financial strength and operational capacity.

Negative

• None.

LOS ANGELES, CA / ACCESSWIRE / August 13, 2020 / International Endeavors Corporation, Inc. (OTC PINK:IDVV) today announced it has entered into a Memorandum of Understanding with Eco-Camps, LLC in a plan that includes the development of an Eco-Camps branded social distancing glamping resort on Company owned property.

Bill Martin, Vice President of International Endeavors Corporation (IEC) stated "I'm pleased to announce the MOU with Eco-Camps. Together IEC and Eco-Camps bring the experienced team needed including Eco-Camp's Founder & Chairman Paul Woolnough to develop out the Company's existing Temecula Valley property as well as other projects presently operated and being developed worldwide by Eco-Camps."

Terms of the MOU state the following:

• Both Entities International Endeavors Corporation and Eco-Camps forming an LLC to jointly hold the Warner Springs / Temecula Valley Glamping resort.
• Equity swap for both entities
• Both Entities agree to use of IP

Paul Woolnough, Founder & Chairman of Eco-Camps stated "we are proud to have partnered with IEC in the development of the Temecula property, as well as working collaboratively on other projects within the United States and internationally"

The Company also announced that is has started the process of going back to Current Information with OTCMarkets. We anticipate updated filings to be posted in the coming weeks with a goal of becoming current by the end of the present quarter.

About Eco Resorts

Eco-Camps is a leading provider of unique and proprietary off-the-grid eco-friendly social distancing accommodation. Combining the outdoor experience of camping under canvas with the comforts and conveniences of a hotel, Eco-Camps delivers unforgettable experiences for guests in incredible locations. Eco-Camps partners with owners of properties to create one of a kind glamping destinations where other forms of accommodation can't be built.

For more information visit www.Eco-Camps.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: billmartin@internationalendeavorscorp.com

SOURCE: International Endeavors Corporation, Inc.

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https://www.accesswire.com/601544/IDVV-Announces-Partnership-with-Leading-Glamping-Accommodation-Provider-Eco-Camps-Along-With-Plans-To-Go-Current-Information

FAQ

What is the recent announcement by IDVV regarding Eco-Camps?

IDVV announced a Memorandum of Understanding with Eco-Camps to develop a glamping resort on its Temecula Valley property.

What are the terms of the MOU between IDVV and Eco-Camps?

The MOU includes forming an LLC, an equity swap between both entities, and the use of intellectual property.

How does the partnership with Eco-Camps benefit IDVV?

The partnership may attract eco-conscious tourists and enhance IDVV's financial and operational capacity through shared resources.

When does IDVV plan to update its filings with OTCMarkets?

IDVV anticipates updating its filings and becoming current by the end of the current quarter.