WSGF CEO Discusses Future Functionality And Marketing After Launching V-1 Short-Term Rental Property Alt Finance Purchase App
June 24 2021 - 9:49AM
InvestorsHub NewsWire
Dallas, TX -- June 24, 2021 --
InvestorsHub NewsWire -- World Series of Golf, Inc.
(OTC Pink:
WSGF)
("WSGF") today released a management update discussing the recent
version-1 release of the Vaycaychella App, and future plans tor the
App. The update also previews the company’s plan to market
the App in conjunction with a corporate name change currently
underway.
WSGF acquired Vaycaychella last year and
made Vaycaychella its primary business focus. WSGF is in the
process of changing its name to reflect the new business
focus.
At the time of the acquisition,
Vaycaychella had developed a pilot business demonstrating an
alternative financing model to back entrepreneurs in the purchase
and restoration of properties around which to build short-term
rental vacation operations.
Vaycaychella had, at the time of the
acquisition, a number of beach house properties, primarily in Cuba,
that had been restored and were already available on Airbnb, VRBO,
Hotels.com and Booking.com.
Since the acquisition, WSGF has developed
a software application based on Vacaychella’s alternative financing
model. The purpose of the software application is to expand
Vaycaychella’s pilot alternative financing model
globally.
WSGF has recently launched a Peer to Peer
(P2P), Fintech, Alternative Short-Term Rental Purchase Finance
Application (App), called
Vaycaychella.
Vaycaychella allows anyone and everyone
access to purchasing a short-term rental vacation property that can
be listed on Apps such as Airbnb, VRBO and
Booking.com.
The Vaycaychella App lets buyers create a
profile to present their own talent and experience in addition to
presenting the potential of the property to generate
income.
Anyone can register as an investor –
individuals or institutions. Registered investors can view
details on the prospective short-term vacation rental properties
and the individuals behind the vacation rental businesses that will
be running the property.
The management update today comes from the
WSGF CEO, William “Bill” Justice and is included in its entirety
below:
We have received a good many emails with
questions about the Vaycaychella App as it is today and our future
plans in addition to questions about the WSGF holding
company.
In an effort to address all the questions
we have received, I'm going to try and provide herein our basic
thinking on the Vaycaychella App - where we are today and where we
plan to go. Following that, I will address the WSGF name
change and the marketing plan we intend to launch subsequent to the
name change.
The Vaycaychella App is currently a
server-based software application.
Many Apps today are client server-based
structures where some of the software resides on a user's (or
client's) device (computer, I-pad, smartphone
etc.).
The Vaycaychella App resides entirely on
our internal server. It is accessed through a browser on a
user's device.
A server-based App limits the
complexity of dealing with the operating system of
multiple devices. However, a server-based App still has to
manage the complexity of dealing with multiple
browsers.
An App that includes client resident
software can offer enhanced graphical user interface options
and better interface with other App's on a user's
device.
Just because Vaycaychella does not have a
client resident software component, does not mean that the
Vaycaychella software solution is not an "App." The word
"App" is simply short for "Application." An "Application" is
short for "Software-Application" which is a computer program that
provides useful functions.
I recognize the word "App" has been
somewhat usurped by Apple to infer a client resident software, and
understand that may be causing some confusion in regard to the
Vaycaychella App.
We received one email from a shareholder
that suggested we refer to the Vaycaychella App as a “Web-App”
rather than an App that must be downloaded from an App or Play
Store.
We do have future plans to include a
client resident component so that we can create interfaces with
other client resident Apps.
In the meantime, the Vaycaychella App
version-1 is intended to simply enable entrepreneurs, or
rentrepreneurs, to list their target short-term rental projects and
to let investors view the projects. This basic functionality
includes the ability for rentrepreneurs to also publish their
personal profile so that they can market their individual talent
and experience as well as the ordinary fundamentals of their
project.
Our software was developed by a European
development firm, and the European approach to telephone numbers
created some confusion when signing up. I think we have that
issue resolved. Inevitably, we will have other interface
rough spots that need smoothing. As with all software, we
will have bugs that need resolving.
We are very pleased with our help desk
function. Our resource behind the help tab and help email is
responsive and knowledgeable and working directly with the
developers.
We expect to have some updates
periodically integrated into the existing Vaycaychella App
version-1. Later this year, we will have a comprehensive
version 2 update that includes more transactional
functionality.
Currently, signup for the App is conducted
via a registration on our website. We took this approach in
an attempt to handhold initial users on to a brand-new
software. This coming weekend, we plan to update our website
to include a direct link to the Vaycaychella App with no
pre-registration process required.
Vaycaychella's founding partner/customer,
V Royal, is working with us to introduce new projects that will be
backed by cryptocurrency. We have posted the project on the
Vaycaychella App. We plan to reach out to interested parties
and work to attract more interested
parties.
On my own behalf and on behalf of everyone
at Vaycaycehlla, I am very, very excited about the Tarara project
in Cuba. Tarara is the community in Cuba where the
Vaycaychella backed pilot short-term rental vacation properties are
located and where V Royal plans to expand by seeking financing
through the Vaycaychella App. Tarara has a beautiful beach and
the 500 some-odd houses there have beautiful architecture.
The vast majority of them are just in need of rather extensive
renovations. With the exception of access to materials, the
use of local resources makes the renovations very reasonable
expense wise.
To express the beauty of the beach
and the homes in Tarara as best I can, I will share with you, as we
have on the project summary on the Vaycaychella App, V Royal rented
one of the houses backed by Vaycaychella to Penelope Cruz and her
husband Javier Bardem. Penelope Cruz was filming a
movie in Cuba last year and rented one of our houses to stay for
the filming duration with her husband and two
children.
We also get foreign diplomats working at
embassies in Cuba and News crews traveling to Cuba, in addition to
hosting local and foreign
vacationers.
We believe Tarara has the potential to be
fully restored into a world class beach vacation destination and to
generate much needed economic benefit for the local Cuban
community.
We feel many, if not most of the users
that have signed up for the Vaycaychella App to date are also
investors in WSGF. Most of the users have signed up as
"investors." We are eager to launch a marketing campaign to drive
more users to the App posting their short-term rental
projects. We plan to launch a marketing campaign once the
company name is changed and consistent with the name of the
App.
A name change requires a CUSIP number
change and CUSIP numbers are managed by FINRA. We have an
open request with FINRA for the name change. The request
process is interactive. FINRA asks questions about the name
change and the company in general and the company responds to the
questions. We believe we are toward the end of this process
and anticipate a name change to be forthcoming soon.
However, I cannot guarantee that we are at the end. I can
guarantee we will keep working on it until the name change is
achieved.
I hope this update helps to provide
insight and clarity. We thank everyone for their questions,
comments, and suggestions.
Bill
Justice
To learn more and keep up with the latest
updates at Vaycaychella, and to access the Vaycaychella App,
visit https://www.vaycaychella.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:
William "Bill" Justice
bill@vaycaychella.com
(800)
871-0376
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