WSGF Schedules Management Update To Follow Pending Annual Report
World Series of Golf, Inc. (OTC Pink: WSGF) has announced a management update scheduled for April 20, 2021, following its FY2020 Annual Report. The company is focusing on its acquisition of Vaycaychella, which aims to enhance the short-term rental market through a new fintech application facilitating property purchases for individuals unable to access traditional mortgages. The Vaycaychella Peer-To-Peer App is set to launch by May 2021. Additionally, it plans to introduce cryptocurrency and crowdfunding features in an upcoming app version. A name change and ticker symbol change are also in progress.
- Acquisition of Vaycaychella positions WSGF within the growing alternative real estate financing sector.
- The Vaycaychella app aims to empower 'Rentrepreneurs' with access to short-term rental investments.
- Introduction of cryptocurrency and crowdfunding features in the upcoming Vaycaychella App Version 2.0 enhances funding options.
- Risks associated with the reliance on the success of the Vaycaychella App in a competitive market.
- Forward-looking statements highlight uncertainties regarding sales, liquidity, and competition.
DALLAS, April 12, 2021 /PRNewswire/ -- World Series of Golf, Inc. (OTC Pink: WSGF) ("WSGF") today announced plans to publish a management update next week on Tuesday, April 20, 2021 following the publication of the company's FY2020 Annual Report later this week.
WSGF acquired Vaycaychella last year making the new business acquisition its primary focus. A name change reflecting the alternative real estate finance focus is underway.
Vaycaychella's mission is to expand the short-term rental ecosystem upstream from rental Apps like Airbnb, VRBO, and Expedia to include a new App that facilitates the purchase of short-term rental properties.
Vaycaychella operates a portfolio of Caribbean vacation properties as a pilot model to validate the opportunity to build a business around providing an alternative financing resource to empower entrepreneurs to build and expand short-term vacation property rental businesses. Vaycaychella has provided alternative financing backing multiple short-term vacation rental properties and a boutique hotel.
Vaycaychella is introducing an alternative financing fintech application as a resource for individuals that might not be able to access a traditional mortgage. Vaycaychella could be just another source of financing on potentially better terms for anyone looking to purchase an income producing rental property.
WSGF is introducing the Vaycaychella Peer-To-Peer (P2P) App to connect would be short-term rental property buyers that might not have had the resources before to make a purchase, with a new breed of alternative investors.
Management expects to launch the App no later than May of this year and possibly by the end of April. The App is currently undergoing Beta testing now.
The post Covid convergence of an increase in vacation demand and housing supply could result in an ideal buying opportunity for would-be short-term vacation property owner/operator entrepreneurs, and WSGF's Vaycaychella App has the potential to be the right tool at the right time to help entrepreneurs (or as we like to call them "Rentrepreneurs") to purchase houses.
Fintech App Giving All Entrepreneurs Access To Short Term Rental Property Investment
The Vaycaychella app is designed to empower a new generation of short-term rental property operator entrepreneurs (or Rentrepreneurs) and to give access to a new generation of real estate investors.
Cryptocurrency and Crowdfunding
The company recently announced kicking off development efforts on the next version of the company's alternative real estate finance application designed to facilitate the purchase of short-term rental properties. The Vaycaychella App Version 2.0 will include cryptocurrency and crowdfunding features to expand alternative finance options available to entrepreneurs ("Rentrepreneurs").
WSGF is in the process of a name change that will include a ticker symbol change. No reverse or forward split is currently underway with the name and ticker symbol change.
To learn more and keep up with the latest updates at Vaycaychella, visit https://www.vaycaychella.com/. At the company website, you will find a blog with frequent industry publications on the short-term rental market in general, as well as entries specific to Vaycaychella.
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
View original content:http://www.prnewswire.com/news-releases/wsgf-schedules-management-update-to-follow-pending-annual-report-301266739.html
SOURCE World Series of Golf, Inc.
FAQ
What is the date of WSGF's management update?
What is the focus of WSGF's recent acquisition?
When is the Vaycaychella App expected to launch?
What new features are being added to the Vaycaychella App?
Is WSGF planning to change its name and ticker symbol?
