VAYK - Vaycaychella Announces Coming Cryptocurrency Exchange For Vacation Rental Properties And Additional Vacation Business Management Technologies To Follow
Dallas, TX -- November 17, 2021 -- InvestorsHub NewsWire --
Vaycaychella, Inc. (OTC
Pink: VAYK) today published a letter to shareholders from the
CEO, William “Bill” Justice with a comprehensive overview of the
company’s portfolio of technology tools for travel industry
entrepreneurs both available now and under development for future
release. The letter is included in its entirety below.
Dear Shareholders –
We have had our heads down, working hard here on a number of
fronts. We have been saving up a number of updates pending the
finalization of our name change to Vaycaychella achieved last week.
I am excited now to share with you all that we have accomplished
and what’s in the works.
Vaycayhcella’s mission is to empower the travel industry
entrepreneur with technology that overcomes barriers to entry and
levels the playing field with big corporate competitors.
The technology tools Vaycaychella is providing can help
entrepreneurs everywhere. We are particularly enthusiastic about
the social responsibility impact Vaycaychella’s technology tools
can have on developing economic regions.
Vaycaychella was founded on a project where beach houses in Cuba
were renovated to operate as short-term vacation rental properties.
Vaycaychella provided unconventional financing that funded local
Cuban artisans to execute the renovations, where the short-term
vacation rental properties are staffed and operated by local
Cubans. The properties are available on Airbnb, VRBO, Booking.com
and Hotels.com. Vaycaychella has continued to expand its pilot
portfolio of Cuban short-term vacation rental properties, even
through Covid, to now include a small boutique hotel.
The per capita GDP in Cuba is under $10,000. Political
differences rooted in half century old disputes initiated by
political leaders no longer living shouldn’t stand in the way of
private individuals on either side working together to create a
profitable opportunity that also happens to contribute to a living
Vaycaychella P2P App
Vaycaychella has built a peer to peer (P2P) application (App)
based on its founding Cuban pilot project where travel industry
entrepreneurs anywhere in the world can look for investors
everywhere and strike partnerships to build short-term vacation
property rental businesses. It clearly works in Cuba, and it can
work in any developing economic region, as well as working in the
U.S. and Europe.
We are continuing to further develop the P2P alternative
short-term vacation rental vacation property finance App to make it
easier to use and give it more functionality. We are on target to
launch a version 2 of the App before the end of the year.
We are also working on additional technology tools to support
the travel industry entrepreneur. We are building a Vaycaychella
Cryptocurrency Exchange along with all the tools to facilitate a
travel industry entrepreneur creating their own cryptocurrency to
sell to many small investors crowdfunding their short-term vacation
rental property projects, in turn giving many small investors the
opportunity to participate in the ROI potential of the short-term
vacation rental property industry. We expect to launch our
cryptocurrency tools before the end of the year.
Vaycaychella Mobile Banking
Acquiring a short-term vacation rental property business is only
the tip of the iceberg when it comes to running a vacation rental
business. Staffing, supplying, and maintaining the operation can be
supported with a host of additional technology tools that
Vaycaychella is targeting. First among the additional support
technology tools are banking tools. Paying expenses and receiving
renter deposits and payments is critical and not trivial and not
Even for an entrepreneur with an existing bank account at a
brand name bank, simply turning on a credit card merchant function
may not be possible and if it is, it might be expensive. An
entrepreneur in a developing economic region might be unbanked. And
these are only some of the financial management considerations.
Vaycaychella is working on a suite of mobile app virtual banking
tools to further support the travel industry entrepreneur. We are
planning to launch our first financial management tools by the end
of Q1 2022.
To accelerate our expansion of tools for the travel industry
entrepreneur, we are also pursuing a merger and acquisition
strategy. We are currently engaged in negotiations with a travel
booking software company that has built a solution that can empower
a short-term vacation property provider to seamlessly also provide
flight booking and car rental services. The prospective transaction
between Vaycaychella and the travel booking software company has
garnered the interest of a strategic investor. A substantial
investment backing the prospective transaction is currently under
consideration. A term sheet has been drafted and is anticipated to
be finalized within the next two weeks.
We are so excited to have our name finally reflect our business
focus, and even more exited to share with you our more
comprehensive portfolio of work underway. It’s going to be a busy
time from now until the end of the year. Please stay tuned.
To learn more and keep up with the latest updates at
Vaycaychella, and to access the Vaycaychella App,
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
William "Bill" Justice
Vaycaychella (PK) (USOTC:VAYK)
Historical Stock Chart
From Oct 2021 to Nov 2021
Vaycaychella (PK) (USOTC:VAYK)
Historical Stock Chart
From Nov 2020 to Nov 2021