Executive Spotlight: World Series
of Golf, Inc. CEO Explains Why Vaycaychella App Can Lead to a
Breakout Year in 2021
Greenlight Stocks sits down with
WSGF CEO to discuss his Vayacaychella app and how it can help
impact his company in 2021
Miami Beach, FL -- December 31, 2020 -- InvestorsHub NewsWire --
via Greenlight Stocks
-- World Series of Golf, Inc. (OTC
Pink: WSGF) has been catching attention during December. To
date, shares are trading roughly 164% higher from where they were
just a month ago. Volume remains elevated, and investors appear
interested in picking up shares on intraday weakness.
To learn more about World Series of Golf, Inc.'s Vaycaychella
app, Greenlight Stocks (GS) reached out to the
company CEO, William "Bill" Justice (WBJ), to get
his take on the current market, their app, and how they expect the
company to perform in 2021. The responses paint an optimistic
outlook for the near term.
GS: First, thank you for joining us. I'm sure you
are no stranger to your stock's strong performance in December,
and, as such, investors have reached out to Greenlight Stocks to
see if we could find out what has investors so excited. Thanks for
agreeing to chat.
WBJ: Glad to be here, and thanks for the invite.
Yes, the stock is performing well, and we believe that the recent
updates have provided both clues and optimism about our future.
While I don't focus on the share price entirely, it is indeed our
job to increase shareholder value...so, yes, it's value is always
on my mind. And it's within our plan to drive value higher with
some interesting strategic initiatives in 2021.
GS: Let's jump in...Your company is World Series of
Golf, Inc., but, right now, it's your subsidiary, Vaycaychella,
that is getting a lot of attention. You published some very
optimistic guidance suggesting that Vaycaychella could contribute
more than $100 million to revenues in the first 12 months after its
launch. Those are lofty ambitions, so tell us how you get to that
WBJ: First, you are right to bring up Vaycaychella
as our most near term revenue-generating opportunity. And again,
you are correct that we did say that we think it can generate more
than $100 million in revenues after its full global launch. These
are numbers we think we can hit based on our recent test of the app
and how users responded to its unique features and functionality.
But, I need to be straightforward to say that the revenue target is
not official company guidance at this point. It's a target based on
the app's performance during testing. Once launched, we will
provide updates and revenue targets.
Back to your point, though. Yes, the Vaycaychella app is
expected to do exceptionally well because it does what most other
real estate and timeshare apps don't do. In other words, it goes
way beyond scheduling guests with renters. In fact, it's very
different in that respect since its primary function is to bring
together investors and property owners. More directly stated, the
app is making it possible for property owners and real estate
investors to come together and develop a real estate rental
business portfolio. The best part is that the app allows them to
make a deal quickly and without conventional financing.
GS: Not having to rely on inconsistent lending
practices is a huge advantage, especially to smaller investors. How
exactly does the app work?
WBJ: The functionality is relatively easy to
understand. In the simplest terms, the app helps eliminate the
laborious process associated with real estate investment and
management. It addresses a complicated market and simplifies it to
where short-term rental property buyers, investors, and would-be
operators, can quickly evaluate and act upon investment
In helping to make those decisions, the app helps calculate the
return-on-investment opportunity for purchasers and, if necessary,
factor in costs to renovate and operate a target property
independent of the buyer's current cash reserve and credit rating.
Compared to conventional financing, which you mentioned, it's a
solution that makes transactions more efficient than traditional
investment methods and adds a win/win component to the finalized
GS: What's the difference between, say,
Vaycaychella, and Airbnb?
WBJ: There are significant differences. Consider
this. An Airbnb operator has to manage a property 100% of the time.
Their role is to keep the lights and utilities running, keep the
linens clean, landscape and maintain the yard, and of course, make
necessary repairs. Then, owners must pay property taxes, probably
make a monthly mortgage payment, and then account for managing
rental fees and paying sales taxes. Still, after all of that work,
they need to get their books in order and file accurate tax returns
that properly reflect income and expenses. It's a big job.
We're taking a different approach. Vaycaychella is changing the
landscape by offering an app that combines functions that allow
investors and operators to save valuable time and resources by
eliminating the often non-negotiable steps in conventional property
investment and management. More specifically, the Vaycaychella app
is designed to seamlessly manage property acquisition and
maintenance. Most importantly, it achieves that goal by helping the
parties avoid the requirements associated with conventional loans.
More appealing, if parties agree, is that the app can help to
eliminate the most restrictive provisions in place that need to be
completed before closing conventional style real estate
transactions- including the need for property inspection,
eliminating lengthy loan application and approval processes, and
the delays associated with title checks and clearance.
In short, Airbnb connects renters with landlords. Vaycaychella,
instead, connects investors with property owners to create a new
business opportunity that can then benefit from
rental services similar to an Airbnb model. The best part is that
the app allows almost any size investor the chance to participate
in the multi-billion dollar short-term rental property market.
GS: That's a good point since high-value investors
typically run the sector. Vaycaychella gives individual investors a
chance to build a portfolio. Is that what you are
WBJ: Exactly. The Vaycaychella app opens the door
for investment to virtually anyone and significantly broadens
sector opportunities for both owners and investors. We think that a
tremendous number of single property owners and investors will come
together to start their portfolios by using the Vaycaychella app.
The bright spot in it all is that the app is easy to use and
transaction-focused. And because it can help eliminate the lengthy
steps in conventional real estate financing, especially for those
investing in second or third properties, it can be the difference
between getting a deal done and getting it declined by a bank. The
app can reduce credit checks, shorten inspection times,
significantly reduce paperwork, and eliminate the need to provide
years worth of financials to close the deal. Also, income to debt
ratios and credit scores don't matter much at all.
So, yes, we think the app changes the playing field immensely
and can provide small investors with significant opportunities.
GS: At the start, we referenced the app's potential
to generate $100 million in revenues during its first 12-months
after its global launch. How do you reach that
WBJ: Yes, it's a bullish number, but a combination
of things helps us model that goal. As you noted, the app is in
late-stage development. But our optimism stems from recent testing
that showed its strength in functionality, as well as from the
feedback we got from users. It's because testing went so well that
we can model scenarios based on the same target demographics and
percentages of interest. Combining those metrics, $100 million
sounds like a huge number, but remember, each deal can be worth a
significant amount of money. Thus, the totals run high quickly.
We also plan to boost revenues by launching a branded Visa Card
service for hosts by February of 2021. That card is being designed
to benefit short-term rental hosts market-wide, which will help
them tremendously and helps us by adding an additional source of
revenues to the company. So, combining the app's primary functions
with our planned Visa card offerings, we think we have a plan in
place to maximize the potential for success and drive near and
long-term revenues much higher.
GS: Let's close with this. You have a branding
change underway that will more reflect the company's direction.
With Vaycaychella leading the charge, how do you see 2021 shaping
WBJ: We think that 2021 will be the breakout year
for the company. And yes, we are planning a name change to more
reflect our vision, but investors need to understand that the
equity numbers remain the same for our shareholders.
At World Series of Golf, we are focused on delivering strong
results in 2021. Moreover, we are determined to take a diversified
approach to position ourselves for a breakout year in 2021
regarding our products and revenue growth. The app showed that it
could have broad appeal, and the planned Visa card services can
attract millions of host users across the globe. Thus, we are
diversified into two potentially lucrative segments, which can
deliver two enormous catalysts for the company.
So, in short, I think 2021 will be a tremendous year of growth
for the company and our shareholders as well. Their patience needs
to be rewarded.
Many thanks to World Series of Golf, Inc. management for taking
the time to answer investor questions and offer an outlook for
2021. Please note that since the company may have provided
guidance, we are including the Safe Harbor and Forward-Looking
Statements disclaimer. Those disclaimers are not meant to dilute
how the company responded but are instead the required housekeeping
for publicly traded companies.
Additional coverage of World Series of Golf, Inc. can be
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Litigation Reform Act. The statements reflect the Company's current
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competitive pricing. In the light of these uncertainties, the
forward-looking events referred to in this release might not
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