WSGF Prepared For Airbnb IPO Double At Open To Accelerate Vaycaychella Market Penetration
10 Dec, 2020, 14:38 ET
DALLAS, Dec. 10, 2020 /PRNewswire/ -- World Series of Golf, Inc. (USOTC: WSGF) ("WSGF"), through its new subsidiary, Vaycaychella, today announced that it anticipates the Airbnb IPO double at open to accelerate Vaycaychella's target market penetration. Airbnb began trading this afternoon at a price more than twice what Airbnb shares were priced at the previous day.
Goldman Small Cap Research publish a research report on WSGF earlier this week with a $0.20 PPS target, more than four times the current share price.
With the market response to Airbnb, WSGF management anticipates a dramatic potential increase to the already robust response to its Vaycaychella marketing campaign for its P2P offering connecting short-term vacation rental property buyers with investors.
Vaycaychella has seen a robust response to recent marketing targeted at finding entrepreneurs looking to acquire and operate short-term vacation property rentals and connecting them with investors. Management indicates the response supports the company's $100 million revenue target in the first twelve months following the production launch of its peer to peer (P2P) application (app) to fully automate the connection of short-term vacation property buyers with investors.
WSGF acquired Vaycaychella, a sharing economy technology company with a P2P App to connect entrepreneurs seeking to acquire short-term rental vacation properties with investors to back them, earlier this year in January. WSGF is in the process of making a corporate name change in conjunction with its new Vaycaychella business focus.
Vaycaychella is a three-year-old operation that has built a business model focused on financing short-term vacation rental properties outside of conventional financing channels. Vaycaychella's mission is to empower entrepreneurs looking to get into the short-term vacation property rental business marketed through sharing technology apps such as Airbnb, Booking.com and Vrbo.
Now that Vaycaychella has established a proven model through developing a portfolio of properties that includes 10 Caribbean beach front vacation homes, a boutique hotel, and a recently acquired 3 unit building in Puerto Rico with an overall estimated cumulative value of $12 million, the company is scaling that model with the introduction of a peer-to-peer (P2P) application (App) designed to connect new and existing short-term vacation property rental operators with prospective investors.
To learn more and keep up with the latest updates at Vaycaychella, visit https://www.vaycaychella.com/. At the company website, you will find a blog with frequent industry publications on the short-term rental market in general, as well as entries specific to Vaycaychella.
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.
William "Bill" Justice
SOURCE World Series of Golf, Inc.
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