WSGF Acquires Airbnb and Bookings.com Application Prequel
January 03 2020 - 2:38PM
InvestorsHub NewsWire
WSGF Acquires Airbnb and
Bookings.com Application Prequel
Dallas, TX -- January 3, 2020 -- InvestorsHub
NewsWire -- WSGF, Inc. (aka World Series of Golf, Inc.) (USOTC:
WSGF) today announced the acquisition of a shared economy
technology business that owns a $10 million real estate backed
asset. The WSGF target acquisition is a shared economy
prequel to existing shared economy applications such as Airbnb and
Bookings.com. Instead of connecting vacation property owners
with would be vacation renters through applications like Airbnb and
Bookings.com, the WSGF acquisition is deploying an application that
empowers people to become vacation property owners in the first
place. Those utilizing WSGF’s newly acquired application can
acquire vacation properties and then enjoy generating income from
vacation renters through applications like Airbnb and
Bookings.com.
The WSGF acquisition has been in operation for
over two years. The aquired business recently adopted a new
name in anticipation of the acquisition by WSGF. The new name
is Vaycaychella, intended to rapidly garner market attention as an
accessible innovation empowering anyone with the notion of becoming
a vacation property owner/operator to access the means to realize
the vacation property ownership opportunity. Vaycaychella has
already financed the acquisition of approximately $10 million in
vacation properties through its unique vacation property lending
approach. All the current properties are located in Caribbean
vacation areas. The WSGF acquisition comes with a mortgage
portfolio backed by the $10 million in vacation properties.
Under WSGF, Vaycaychella will digitize its unique lending approach
into a mobile device app and expand upon its internal lending
capacity by connecting with peer-to-peer lenders. The
Vaycaychella app will be available all over the world for the
acquisition of properties all over the
world.
As WSGF enters the shared economy sector with
the Vaycaychella acquisition, the company highlights that the
shared economy was reported in a recent Forbes article to have been a $15 billion market in 2014
projected to reach $335 billion by 2025. In further updates,
WSGF has initiated efforts to update its public disclosures with
the objective of meeting OTC Markets “Current Information
Standard” reporting
requirements. Coming updates will also include plans for the
company’s existing sports and entertainment
assets.
WSGF management plans to release a 2020
outlook presentation on January 7, 2019.
Monitor WSGF’s ongoing Progress
at https://www.wsgfinc.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:
Lawrence Bailey
Info@wsgfinc.com
(800) 871-0376
Vaycaychella (PK) (USOTC:VAYK)
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