IDVV Enters LOI To Acquire Revenue Producing Company In Artificial Intelligence Sector
International Endeavors Corporation (OTC PINK:IDVV) has signed a Letter of Intent (LOI) to acquire SF Corp, a tech holdings company focusing on automation and artificial intelligence (AI). The acquisition, anticipated to close by April 30, 2023, is expected to enhance IDVV's market presence and revenue, with SF Corp projected to generate mid-seven figures in revenue for the year. Notably, the deal involves no debt issuance. IDVV plans to appoint SF Corp board members post-acquisition and aims for an OTCQB up-listing. The company reassures shareholders it will not implement a reverse split, emphasizing its undervaluation and future growth potential.
- Acquisition of SF Corp will add significant revenues and enhance IDVV's presence in the AI sector.
- SF Corp is projected to generate mid-seven figures in revenue in 2023.
- No debt will be issued for the acquisition, minimizing financial strain.
- Plans to up-list to OTCQB after completing the acquisition, potentially increasing visibility and credibility.
- None.
LOS ANGELES, CA / ACCESSWIRE / March 14, 2023 / International Endeavors Corporation "IEC" (OTC PINK:IDVV) announced that it has entered into an LOI to Acquire SF Corp, a technology holdings corporation. This acquisition will add revenues and expand IDVV's presence in the tech sector, particularly in areas focusing on automation and artificial intelligence (AI) .
Terms of the agreement call for the following:
- Closing date of April 30th or sooner
- Review of technology and patents by IDVV Counsel
- Review of SF Corp financials and existing contracts
- Upon closing SF Corp board members to be appointed to International Endeavors Corp Board.
- Zero debt will be issued for this transaction
IDVV Company Vice President Bill Martin stated "SF Corp has built several technologies that will enable IDVV to grow at a faster pace. They are on track to produce revenues in the mid seven figures for this year 2023. We believe that this acquisition will help IDVV to keep on track with the rapid pace the AI sector is growing.
We will be releasing further information about our current acquisitions in our annual report due to be published on OTCMarkets. Along with traditional PR updates, IDVV will also be showing several of the technologies in the coming weeks through a series of videos and interviews.
Upon completion of this acquisition and implementation of new board members we intend on starting the process of becoming fully audited in order to up-list to the OTCQB.
Lastly I have received several questions from shareholders. I want to confirm to our shareholders that we are NOT planning a reverse split, we feel that the company is undervalued and that the progress we are making through acquisitions and transparency will lead to greater shareholder value."
We encourage everyone to follow us.
Website
About Us
International Endeavors Corporation ("IEC") is a technology holdings company focused on Clean Energy, Crypto and A.I.
Specializing in solar technology, battery storage, as well as clean energy crypto mining options for both on & off grid.
We're currently implementing EV2G / Bi-directional charging options, thus allowing you to use your electric vehicle as a means of a backup battery, or to sell power back to the grid.
In 2022 IDVV started to offer its clients a Clean Energy Crypto mining solution. Our Plug-n-Play mining rigs can be installed in existing or current systems and allows the option to sell power back to the grid or mine crypto currency with any power surplus.
In 2023 We acquired WITech as part of an expansion into the AI Sector. We are incorporating AI technology into our crypto offerings, and developing a platform for AI Content Marketing.
The Company currently is reporting its financial information on OTCMarkets.
Our filings can be seen at https://www.otcmarkets.com
About SF Corp
SF Corp, formed by Jeremy Smith in 2020 is currently operating in Nevada. It has developed automated and artificial intelligence technologies for several industries including Auto, Medical, Robotics and Financial.
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/743663/IDVV-Enters-LOI-To-Acquire-Revenue-Producing-Company-In-Artificial-Intelligence-Sector
FAQ
What is the key focus of IDVV's acquisition of SF Corp?
When is the expected closing date for the acquisition of SF Corp by IDVV?
How much revenue is SF Corp projected to generate in 2023?
Will IDVV issue debt for the acquisition of SF Corp?
Is IDVV planning a reverse stock split?
