Dallas, TX -- February 1,
2024 -- InvestorsHub NewsWire -- Vaycaychella, Inc. (OTC
Pink: VAYK) ("VAYK") today announced a comprehensive update to
its business strategy to include strategic investments to expand
upon the company's ongoing plan to be a leading provider of
services within the short-term rental industry.
$64 Billion Domestic
Short-Term Rental Market Focus
The updated business
strategy will refocus VAYK's short-term rental property business to
within the continental USA. Previously, the overwhelming
majority of VAYK's focus was concentrated on the international
short-term rental property market with a tangible start-up presence
primarily in the Caribbean. The updated strategy will shift VAYK's
focus to benefit from the fast-growing short-term rental market
within the domestic USA, which is the largest short-term rental
market in the world, having reached $64 billion in total sales,
according to AirDnA.
Debt Reduction Of $2
Million In Conjunction With Updated Business Strategy
The updated business
strategy is bolstered by substantial restructuring. The company has
negotiated debt reduction agreements with previous debtors and
investors, and has reduced the total debt by nearly $2 million so
far. The company is in the process of negotiating the
settlement of an additional $1 million in debt. The company
confirms that the debt reduction deals do not include the issuance
of new debt instruments. Therefore elimination of the debt will
increase the net equity of the company in an amount equal to the
debt reduction.
Acquisition Pipeline
And $20 Million In Potential New Construction
The company is in
negotiations to acquire an operation with multiple short-term
rental properties residing within metropolitan locations across the
US. The company has also entered discussions with strategic
investors exploring an initiative to build up to $20 million new
short-term rental properties.
Technology And
Cryptocurrency Cornerstone
VAYK is not a conventional
short-term rental property management business. The company intends
to introduce advanced technologies to facilitate the financing and
operating of short-term rental properties. The company will
continue to develop and improve its award-winning APP for
peer-to-peer short-term rental investment. It will also utilize
blockchain technology, including cryptocurrency and non-fungible
token (NFT) technology to facilitate investment and operation of
short-term rental properties.
The company plans to
communicate more details regarding its comprehensive business plan
in the following weeks via additional news releases.
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.
VAYK Contact:
Contact@Vaycaychella.com
