VAYK Assembling New Management Team for $64 Billion Domestic Market

Rhea-AI Summary

Vaycaychella, Inc. (OTC Pink: VAYK) announced the resignation of CEO William A. Justice, effective July 12, 2024. Stephanie B. Anderl, the current executive vice-president, will serve as Interim CEO. Anderl brings extensive experience in short-term rental management and aims to grow the company's Airbnb portfolio to $20 million. Earlier this year, VAYK acquired a historic landmark in Downtown Atlanta, expected to be valued at $5 million post-renovation. Despite her new role, Anderl's compensation remains unchanged until revenue is generated from the company's Airbnb properties.

Positive

• Appointment of Stephanie B. Anderl as Interim CEO, bringing extensive experience in short-term rental management.
• Strategic focus on the $64 billion domestic short-term rental market.
• Goal to achieve a $20 million Airbnb portfolio.
• Acquisition of a historic landmark in Downtown Atlanta, expected to be valued at $5 million after renovation.
• Interim CEO's compensation structure aligned with revenue generation, indicating financial prudence.

Negative

• CEO William A. Justice's resignation may cause temporary instability.
• The company is currently not generating revenue from its Airbnb properties.
• Potential risks associated with the renovation and conversion of the acquired landmark property.

DALLAS, June 18, 2024 /PRNewswire/ -- Vaycaychella, Inc. (OTC Pink: VAYK) ("VAYK") today announced that the CEO of the company, William A. Justice, had submitted resignation to the company, and the company had approved his resignation.

Meanwhile, the company has appointed Stephanie B. Anderl, who was recently hired as the company's executive vice-president, to serve as its Interim CEO, until the company appoints its next CEO.

Mr. Justice stated that he resigned "due to personal circumstances", and his resignation is "voluntary and at (his) sole discretion". He will continue to serve as the CEO for a few more weeks until July 12.

"It has been a great journey with the Company and with every member of the team. I wish the Company continued to success." Said Justice in his resignation letter.

"We appreciate the service by Mr. Justice to our company in the pass year. He will be missed," said Ms. Anderl.

"Meanwhile, I am grateful to serve as the Interim CEO.  Our company has refocused our business strategy to the $64 billion domestic market of short-term rental (Airbnb etc.)  As an entrepreneur, I have engaged in short-term rental management since the very early days of Airbnb. I am very confident that I am capable of leading the company to reach its goal of $20 million Airbnb portfolio in the next few years."

Earlier this year, the company announced a structured acquisition of a historic landmark in Downtown Atlanta, which the company plans to renovate and convert into a short-term rental property. The company estimates that the property will carry a fair market value of at least $5 million, upon completion of its renovation.

Ms. Anderl was the founder of two companies, including one that manages multiple sites of short-term rental properties.  Despite that she was appointed the Interim CEO, her compensation package remained the same. She will not receive any cash payment until the company starts to generate revenue from its Airbnb properties.   

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:

+1 972-658-5365
Contact@Vaycaychella.com

 

 

View original content:https://www.prnewswire.com/news-releases/vayk-assembling-new-management-team-for-64-billion-domestic-market-302175557.html

SOURCE Vaycaychella, Inc.

FAQ

What is the impact of William A. Justice's resignation on VAYK?

William A. Justice's resignation, effective July 12, 2024, could cause temporary instability for VAYK as the company transitions to new leadership.

Who is the new Interim CEO of VAYK?

Stephanie B. Anderl, the current executive vice-president, has been appointed as the Interim CEO of VAYK.

What is VAYK's new business strategy?

VAYK is refocusing its business strategy on the $64 billion domestic short-term rental market, aiming to build a $20 million Airbnb portfolio.

What recent acquisition has VAYK made?

VAYK recently acquired a historic landmark in Downtown Atlanta, which is expected to be valued at $5 million after renovations.

Will Stephanie B. Anderl receive additional compensation as Interim CEO of VAYK?

No, Stephanie B. Anderl's compensation remains unchanged until VAYK begins generating revenue from its Airbnb properties.