WSGF Publishes New Website In Conjunction With New Business Pursuing $335 Billion Shared Economy Sector
December 24 2019 - 9:54AM
InvestorsHub NewsWire
Dallas, TX -- December 24, 2019 --
InvestorsHub -- WSGF, Inc. (aka World Series of Golf, Inc.)
(USOTC:
WSGF) today announced publishing a new corporate website to
provide shareholders and investors with the latest up-to-date
information on the company. The company has recently
announced plans to close an acquisition of a shared economy,
vacation industry, technology business that owns a $10 million real
estate backed asset on January 3, 2019. Until recently, the
company has had minimal business activity primarily concentrated on
the protection of intellectual sports and entertainment
property. Earlier this year, the company began searching for
new acquisitions to diversify and reinvigorate operations and in so
doing, build shareholder value. Last week, WSGF formally
announced entering into letter of intent (LOI) agreement to acquire
the innovative vacation industry technology business. The
website published today is a preliminary publication.
Management encourages shareholders and investors to check back
frequently for coming updates.
Last week, WSGF formally announced entering into
letter of intent (LOI) agreement to acquire the innovative vacation
industry technology business that is scheduled to close on January
3, 2019. Instead of connecting vacation property owners with
would be vacation renters through applications like Airbnb and
Bookings.com, the WSGF target acquisition is deploying an
application that empowers people to become vacation property owners
in the first place. Those utilizing WSGF’s target acquisition
application can acquire vacation properties and then enjoy
generating income from vacation renters through applications like
Airbnb and Bookings.com. The WSGF target acquisition is a shared
economy prequel to existing shared economy applications such as
Airbnb and Bookings.com (see more on the shared economy
below). This is not just a concept business. The target
acquisition has been in operation for over two years. The
target acquisition recently adopted a new name in anticipation of
the upcoming 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. Following the closing
of the Vaycaychella acquisition, WSGF management plans to release a
2020 outlook presentation on January 7,
2019.
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
plans to imminently publish a preliminary new corporate website to
include a current draft financial statement. The company originally
planned to have the website up this week. The updated target
release date is Monday, December 23, 2019. Look for the new
website to be announced later today.
The
website announced today can be viewed at the following
link: 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
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