VAYK Anticipates Closing Cryptocurrency Exchange Acquisition Within 30 Days

Rhea-AI Summary

Vaycaychella, Inc. (OTC Pink: VAYK) announced that its acquisition of Definancial, Inc., a technology firm with a proprietary cryptocurrency exchange, is expected to close within 30 days. This acquisition aims to enhance VAYK's cryptocurrency strategy, allowing the listing of short-term vacation rental business cryptocurrencies. The company is also set to expand its operations in Cuba, focusing on refurbishing ten beach properties as part of its innovative P2P Alternative Finance Application. This strategic move underscores VAYK's commitment to democratizing access to the tourism market.

Positive

• Acquisition of Definancial expected to close within 30 days, strengthening VAYK's cryptocurrency capabilities.
• Expansion into Cuba with plans to refurbish ten beach properties, demonstrating the effectiveness of VAYK's P2P Alternative Finance Application.
• New version of the P2P app will integrate cryptocurrency functionalities, potentially increasing user engagement and investment.

Negative

• None.

Dallas, Texas, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Vaycaychella, Inc. (OTC Pink: VAYK) in a follow up to the recently announced letter of intent (LOI) agreement to acquire Definancial, Inc., a technology firm that has developed a proprietary cryptocurrency exchange technology solution, today announced the acquisition is expected to close within the next 30 days. 

VAYK has already launched an award winning Peer-To-Peer (P2P) Alternative Finance Application for individuals and SMB operators to source purchase financing for short-term vacation rental properties. 

VAYK is an early-stage business building a portfolio of technology solutions to further democratize participation in the tourism market, extending more opportunities to individuals and small and medium (SMB) business operators. 

VAYK plans to soon release a new version of the P2P Alternative Finance Application and integrate the new version with the ability for individuals and SMB operators to launch and list cryptocurrencies where the proceeds from cryptocurrency sales are used to finance the purchase of short-term vacation rental properties and fund other short-term vacation rental business start-up expenses. Cryptocurrency holders will have a redeemable economic interest in the short-term vacation rental business.  

The acquisition of Definancial, Inc. is specifically intended to support VAYK’s cryptocurrency strategy with the addition of a cryptocurrency exchange where short-term vacation rental business cryptocurrencies can be listed. 

VAYK is developing and scaling its portfolio of technology solutions to further democratize participation in the tourism industry based on its hands-on experience with an initial and ongoing pilot project consisting of ten beach house properties and a small boutique hotel in Cuba where VAYK provided the financing for small businesses to acquire and renovate the real estate.  

The company recently announced a team deploying to Cuba on a three-week trip centered around securing the next ten beach properties it will refurbish and launch as short-term vacation rental properties.  These next ten properties will be listed on VAYK’s P2P Alternative Finance Application Version 2.0 and participation in the short-term vacation rental business operating the ten properties will be offered through the introduction of a cryptocurrency. 

The primary objective of the ten-property expansion is to demonstrate VAYK’s P2P Alt Finance APP V 2.0 and Cryptocurrency technology. 

VAYK has recently published a comprehensive 2022 Strategic Overview Presentation with more details on how the ten property expansion and the cryptocurrency acquisition fit into the company’s overall strategy. 

To learn more and keep up with the latest updates at Vaycaychella, and to access the Vaycaychella App, visit  https://www.vaycaychella.com/.

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.

WSGF Contact:
William "Bill" Justice
bill@vaycaychella.com
(800) 871-0376

FAQ

What is the significance of VAYK's acquisition of Definancial, Inc.?

The acquisition of Definancial, Inc. enhances VAYK's cryptocurrency strategy by adding a proprietary exchange platform, crucial for listing cryptocurrencies related to short-term vacation rentals.

When is the acquisition of Definancial expected to close?

The acquisition is expected to close within 30 days from the announcement made on February 8, 2022.

How will VAYK's P2P Alternative Finance Application benefit from the acquisition?

The acquisition will enable the integration of cryptocurrency functionalities into VAYK's P2P Alternative Finance Application, allowing users to launch and list cryptocurrencies to fund vacation rental properties.

What are VAYK's plans for expansion in Cuba?

VAYK plans to refurbish ten beach properties in Cuba, which will be utilized to showcase the capabilities of its P2P Alternative Finance Application and the new cryptocurrency technology.

What is VAYK's overall strategy following the acquisition?

VAYK's strategy focuses on expanding its portfolio of technology solutions to democratize tourism market participation and enhance financing accessibility for individuals and small businesses.