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VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business

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Vaycaychella (OTC Pink: VAYK) has announced a letter of intent (LOI) to acquire a 50% non-managerial ownership in an Atlanta-based home service company. The target company reported over $1 million revenue in 2023 with a solid operating profit margin. This non-cash acquisition involves VAYK issuing approximately $250,000 of restricted shares at $0.005 per share, a significant premium to its current trading price.

This move aligns with VAYK's new strategy focusing on the domestic short-rental (Airbnb) market. The company views the home service business as synergistic with Airbnb operations. VAYK recently acquired management rights to an Airbnb property and rights to renovate a historic landmark into a $5 million Airbnb property. The company aims to become a comprehensive service provider in the $64 billion domestic short-term rental industry.

Vaycaychella (OTC Pink: VAYK) ha annunciato una lettera di intenti (LOI) per acquisire una partecipazione non manageriale del 50% in un'azienda di servizi per la casa con sede ad Atlanta. L'azienda target ha riportato oltre 1 milione di dollari di fatturato nel 2023 con un solido margine di profitto operativo. Questa acquisizione non monetaria comporterà l'emissione da parte di VAYK di circa 250.000 azioni vincolate a 0,005 dollari per azione, un significativo premio rispetto al suo attuale prezzo di mercato.

Questa mossa è in linea con la nuova strategia di VAYK che si concentra sul mercato delle locazioni brevi domestiche (Airbnb). La società considera l'attività di servizi per la casa come sinergica con le operazioni di Airbnb. VAYK ha recentemente acquisito i diritti di gestione di una proprietà Airbnb e i diritti per ristrutturare un monumento storico in una proprietà Airbnb da 5 milioni di dollari. L'azienda mira a diventare un fornitore di servizi completo nell'industria delle locazioni a breve termine domestiche da 64 miliardi di dollari.

Vaycaychella (OTC Pink: VAYK) ha anunciado una carta de intenciones (LOI) para adquirir un 50% de propiedad no gerencial en una empresa de servicios para el hogar con sede en Atlanta. La empresa objetivo reportó más de 1 millón de dólares en ingresos en 2023 con un sólido margen de ganancia operativa. Esta adquisición no monetaria implica que VAYK emitirá aproximadamente 250,000 acciones restringidas a 0.005 dólares por acción, un significativo premio en comparación con su precio de negociación actual.

Este movimiento se alinea con la nueva estrategia de VAYK centrada en el mercado de alquileres temporales domésticos (Airbnb). La empresa ve el negocio de servicios para el hogar como sinérgico con las operaciones de Airbnb. VAYK adquirió recientemente los derechos de gestión de una propiedad de Airbnb y los derechos para renovar un monumento histórico en una propiedad de Airbnb de 5 millones de dólares. La empresa tiene como objetivo convertirse en un proveedor de servicios integral en la industria de alquileres a corto plazo de 64 mil millones de dólares.

Vaycaychella (OTC Pink: VAYK)는 애틀랜타에 본사를 둔 가정 서비스 회사의 비경영적 50% 지분을 인수하기 위한 의향서(LOI)를 발표했습니다. 대상 회사는 2023년에 100만 달러 이상의 수익을 보고했으며 튼튼한 운영 이익률을 보였습니다. 이번 비현금 인수는 VAYK가 주당 0.005달러의 제한된 주식 약 250,000주를 발행하는 것으로, 현재 거래 가격에 비해 상당한 프리미엄입니다.

이번 움직임은 VAYK의 국내 단기 임대(Airbnb) 시장에 초점을 맞춘 새로운 전략과 일치합니다. 회사는 홈 서비스 비즈니스가 Airbnb 운영과 시너지를 이룬다고 보고 있습니다. VAYK는 최근에 Airbnb 자산에 대한 관리권과 역사적인 랜드마크를 500만 달러짜리 Airbnb 자산으로 개조할 권리를 인수했습니다. 이 회사는 640억 달러 규모의 국내 단기 임대 산업에서 종합 서비스 제공자가 되는 것을 목표로 하고 있습니다.

Vaycaychella (OTC Pink: VAYK) a annoncé une lettre d'intention (LOI) pour acquérir une participation non managériale de 50% dans une entreprise de services à domicile basée à Atlanta. L'entreprise ciblée a enregistré plus de 1 million de dollars de revenus en 2023 avec une solide marge bénéficiaire. Cette acquisition non monétaire implique que VAYK émettra environ 250 000 actions restreintes à 0,005 dollar par action, ce qui représente une prime significative par rapport à son prix de marché actuel.

Ce mouvement s'inscrit dans la nouvelle stratégie de VAYK axée sur le marché des locations de courte durée (Airbnb). L'entreprise considère le secteur des services à domicile comme synergique avec les opérations Airbnb. VAYK a récemment acquis les droits de gestion d'une propriété Airbnb et les droits de rénovation d'un bâtiment historique en une propriété Airbnb de 5 millions de dollars. L'entreprise vise à devenir un fournisseur de services complet dans l'industrie des locations à court terme domestiques de 64 milliards de dollars.

Vaycaychella (OTC Pink: VAYK) hat einen Letter of Intent (LOI) angekündigt, um 50% nicht geschäftsführende Beteiligung an einem in Atlanta ansässigen Dienstleistungsunternehmen für Zuhause zu erwerben. Das Zielunternehmen meldete im Jahr 2023 einen Umsatz von über 1 Million Dollar mit einer soliden Betriebsmarge. Diese nicht monetäre Akquisition umfasst die Ausgabe von etwa 250.000 eingeschränkten Aktien zu je 0,005 Dollar pro Aktie, was eine erhebliche Prämie zum aktuellen Kurs darstellt.

Diesen Schritt stimmt VAYKs neue Strategie ab, die sich auf den inländischen Kurzzeitvermietungsmarkt (Airbnb) konzentriert. Das Unternehmen sieht das Geschäft mit Heimdiensten als synergetisch mit den Airbnb-Operationen an. VAYK hat kürzlich die Managementrechte für eine Airbnb-Immobilie sowie die Rechte zur Renovierung eines historischen Wahrzeichens in eine Airbnb-Immobilie im Wert von 5 Millionen Dollar erworben. Das Unternehmen zielt darauf ab, ein umfassender Dienstleister in der 64 Milliarden Dollar schweren inländischen Kurzzeitvermietungsbranche zu werden.

Positive
  • Acquisition target reported over $1 million revenue in 2023 with solid operating profit margin
  • Non-cash acquisition deal, preserving VAYK's cash reserves
  • Shares issued at $0.005, 600% higher than recent closing price, indicating confidence in VAYK's value
  • Synergistic acquisition aligning with VAYK's focus on domestic short-rental (Airbnb) market
  • Expected to start receiving cash revenue from recently acquired Airbnb property in August
  • Rights acquired to renovate and operate a $5 million Airbnb property
  • Targeting the $64 billion domestic short-term rental industry
Negative
  • Potential shareholder dilution due to issuance of new shares for acquisition
  • Non-managerial ownership limits VAYK's control over the acquired business
  • Execution risks in integrating new businesses and entering the competitive Airbnb market

ATLANTA, Aug. 1, 2024 /PRNewswire/ -- Vaycaychella, Inc. (OTC Pink: VAYK) ("VAYK") today announces that the company has reached a letter of intent (LOI) to acquire 50% non-managerial ownership of a home service company based in Atlanta, Georgia.  The acquisition target reported over $1 million revenue for the year 2023, with a solid margin of operating profit.

According to the LOI, it will be a non-cash acquisition deal, under which VAYK will issue approximately $250, 000 of restricted shares to the owner of the business, in exchange for the 50% non-managerial ownership. These shares will be priced at $0.005 per share, which is more than 600% higher than the most recent closing price of VAYK's common shares.

This acquisition will be part of VAYK's new strategy to focus on domestic short-rental (Airbnb) market. The home service business and Airbnb operation, according to VAYK's management, are synergistic and will likely help each other to grow.

Earlier this month, VAYK reached a non-cash deal with an Airbnb-management company, to acquire the management rights of an Airbnb property. VAYK is expecting to start receiving cash revenue form the Airbnb property in August.

Earlier this year, VAYK acquired the rights to renovate a historic landmark into a $5 million Airbnb property, and to operate the property upon completion of its renovation.

The goal of VAYK, according to its management, is to become a comprehensive service provider in short-term rental (Airbnb etc.) industry.  Short-term rental is an industry of $64 billion domestic market, according to a third-party source AirDNA.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

VAYK Contact:
Contact@Vaycaychella.com
+1 470-804-7144

Cision View original content:https://www.prnewswire.com/news-releases/vayk-announces-loi-to-acquire-1-million-home-service-company-to-support-airbnb-business-302212369.html

SOURCE Vaycaychella, Inc.

FAQ

What is the value of the home service company VAYK is acquiring?

The home service company VAYK is acquiring a 50% stake in reported over $1 million in revenue for 2023, with a solid operating profit margin.

How is VAYK (VAYK) paying for the acquisition?

VAYK is conducting a non-cash acquisition by issuing approximately $250,000 of restricted shares priced at $0.005 per share.

What is VAYK's (VAYK) strategy in the short-term rental market?

VAYK aims to become a comprehensive service provider in the short-term rental (Airbnb) industry, which is a $64 billion domestic market according to AirDNA.

What other recent acquisitions has VAYK (VAYK) made in the Airbnb space?

VAYK recently acquired management rights to an Airbnb property and rights to renovate a historic landmark into a $5 million Airbnb property.

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