Press release
WSGF- Vaycaychella Mexican Caribbean Property Acquisition to Close Tomorrow
Dallas, Texas--(Newsfile Corp. - December 14, 2020) - World Series of Golf, Inc. (OTC Pink: WSGF) ("WSGF"), through its new subsidiary, Vaycaychella, today
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[{"type":"text","content":"Dallas, Texas--(Newsfile Corp. - December 14, 2020) - World Series of Golf, Inc. (OTC Pink: WSGF) (\"WSGF\"), through its new subsidiary, Vaycaychella, today announced the previosly announced Mexican Caribbean coast property acquistion set to close on schedule, tomorrow, Tuesday, December 15, 2020.\nWSGF 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.\nVaycaychella 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.\nNow 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.\nLast week, Goldman Small Cap Research published a research analyst report covering WSGF's new subsidiary, Vaycaychella.\nIn conjunction with the Goldman report, WSGF management subsequently confirmed the potential to achieve $100 million in revenue in the first twelve months following the production launch of Vaycaychella's peer to peer (P2P) application (app) designed to connect current and prospective short-term rental property operators with investors to finance acquisition and refurbishment of short-term rental properties.\nVaycaychella's P2P app is currently developed and undergoing an internal testing phase. Vaycaychella has begun to assemble beta users for a next phase of evaluation and testing.\nGoldman's report provides a detailed narrative on Vaycaychella's business model detailing how the company's P2P technology fits into the overall sh...