METROSPACES INC - MSPC STOCK NEWS

Metrospaces (OTC PINK:MSPC) has announced a significant equity stake acquisition by Shokworks, a technology company led by Metrospaces' CTO Alejandro Laplana. This acquisition is part of Metrospaces' strategy to reposition itself as a leader in the proptech industry. The partnership aims to enhance collaboration in marketing, finance, and IT. CEO Oscar Brito expressed confidence in Shokworks' capabilities as a business accelerator, while Laplana emphasized the potential of Metrospaces' growth plan, signaling a transformative phase for the company.

Metrospaces, Inc. (OTC PINK:MSPC) issued a letter to shareholders detailing significant advancements in its transition to a proptech leader. The leadership of Alejandro Laplana and key partnerships with Crown Electrokinetics and Cryptobucks are highlighted. The company acquired the Brazos Atrium office building at a 12% capitalization rate, projecting an IRR exceeding 30%. With a 70% reduction in liabilities and growth in assets, Metrospaces is now EBITDA-positive. Upcoming projects include the Metrohouse co-living platform and the Metrocrowd tokenization platform, set to enhance investor engagement.

Metrospaces, Inc. (OTC PINK:MSPC) has appointed Alejandro Laplana, founder and CEO of Shokworks, to its Board of Directors. Laplana, who also serves as CTO for Metrospaces, has extensive experience in technology, having generated over $150 million in co-investments with leading brands. His leadership aims to enhance efficiencies in the real estate market and democratize investment access. The CEO of Metrospaces, Oscar Brito, praised Laplana's expertise as a natural fit for the board.

Crown Electrokinetics Corp. (NASDAQ:CRKN) has announced its first commercial agreement with MetroSpaces Inc. (OTC PINK:MSPC) for the installation of its Smart Window Inserts, powered by DynamicTint, in a 70,000 square-foot office building in Houston, Texas. This installation aims to significantly improve energy efficiency, potentially reducing energy costs by approximately 26%. The deployment is set to begin in Q1 2022, signaling Crown's commitment to sustainable technology in commercial real estate.

Crown Electrokinetics Corp. (CRKN) announced a significant milestone by signing its first commercial agreement with MetroSpaces Inc. (MSPC), a proptech company, to install Smart Window Inserts in a 70,000 sq. ft. office building in Houston, Texas. This innovative technology enhances energy efficiency by retrofitting existing windows, potentially reducing energy costs by approximately 26%. Installation is expected to begin in Q1 2022. The partnership signifies a strategic move towards sustainable building solutions and could lead to future contracts with larger clients.

Metrospaces, Inc. (OTC PINK:MSPC) has partnered with Cryptobucks to enable cryptocurrency payments across its platforms. The integration aims to facilitate larger transactions in the real estate market. Metrospaces is currently constructing Infinity View Villas in the Dominican Republic, allowing fractional ownership via Cryptobucks. Additionally, the upcoming Metrocrowd tokenization platform will accept Cryptobucks. This collaboration positions Metrospaces as a leader in proptech, enhancing payment options for co-living members through Metrohouse.

Metrospaces, Inc. (OTC:MSPC) has commenced construction on three new villas at Infinity View Villas, introducing fractional ownership for Phase III as its sales strategy. The project aims to deliver the villas within 12 months, enhancing investment opportunities by allowing smaller investors to purchase high-yield hospitality properties in the Dominican Republic. Furthermore, buyers can use various cryptocurrencies for acquisition and exchange fractional properties for stable tokens once the platform is compliant.

Metrospaces Inc. (MSPC) reports a transformative year, achieving EBITDA-positive status within 8 months and reducing total liabilities by 65%. The company aims to lead the prop-tech sector, focusing on real estate tokenization. Plans include launching the co-living platform, Metrohouse, with a new launch date of October 30, allowing for increased inventory from joint ventures. Additionally, a tokenization platform is under development, set to launch in stages starting October 30. The company has significantly improved its balance sheet, increasing assets and reducing liabilities, while divesting from its investment in IQSTel, Inc.

Metrospaces has acquired a 50.6% equity stake in a 60,295 square-foot office building in Houston, Texas, as it aims to pioneer tokenized real estate opportunities with support from Shokworks. The Brazos Atrium building has a near 99% occupancy rate and was purchased at a 12% capitalization rate, offering significant potential for rent adjustment. This acquisition will make Metrospaces EBITDA-positive and is part of a broader strategy to enhance liquidity through a new blockchain-based platform expected to launch this year.