Using revenues, IEC plans further acquisitions in the AI space
LOS ANGELES, CA / ACCESSWIRE / June 23, 2023 / International Endeavors Corporation "IEC" (OTC PINK:IDVV) announced the following corporate updates regarding its acquisitions and potential sale of Baja Mexico project.
Acquisition Updates
The acquisition of Scribs is moving forward in a positive direction . We feel the company will be able to meet our announced closing date of on or before September 1st 2023. This acquisition enables IEC to enter the smart phone / smart device segment of AI or artificial intelligence. Focusing on APPs featuring AI, this will grow to become a strong revenue stream for the company.
The company would also like to disclose that we are pursuing other acquisitions in the AI space. We intend to use a combination of RESTRICTED and/or locked up equity as well as revenues that have been coming in since the acquisition of SF Corp to close future deals.
Restructuring Debts
The revenue that has been coming in since the SF Corp acquisition has enabled the company to reduce debt. As previously announced we have been working with holders of corporate debt and have successfully reached an agreement to settle our debts with a combination of cash, and stock that is restricted and/or issued with up to 2 year lock up agreements. We believe doing this will increase shareholder value.
Baja Mexico Project
We are in negotiations to sell all or part of our interests in the Baja Mexico development project. The company will continue to receive a portion of the revenues that have come in from this project and will still be involved in the management of the AI Crypto Mining platform. We feel it is in the best interest of our shareholders to allocate these funds to further acquisitions in the AI space. As negotiations progress we will make announcements.
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https://twitter.com/IDVVcorp
Website
https://IDVVCORP.COM
About Us
International Endeavors Corporation ("IEC") is a technology holdings company focused on Clean Energy, Crypto and A.I.
Specializing in solar technology, battery storage, as well as clean energy crypto mining options for both on & off grid.
We're currently implementing EV2G / Bi-directional charging options, thus allowing you to use your electric vehicle as a means of a backup battery, or to sell power back to the grid.
In 2022 IDVV started to offer its clients a Clean Energy Crypto mining solution. Our Plug-n-Play mining rigs can be installed in existing or current systems and allows the option to sell power back to the grid or mine crypto currency with any power surplus.
In 2023 We acquired WITech as part of an expansion into the AI Sector. We are incorporating AI technology into our crypto offerings, and developing a platform for AI Content Marketing.
The Company currently is reporting its financial information on OTCMarkets.
Our filings can be seen at https://www.otcmarkets.com
Disclaimer
Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. International Endeavors Corporation (IDVV) is under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact:
Bill Martin, Vice President
Phone: 1-619-343-3199
Email: billmartin@idvvcorp.com
SOURCE: International Endeavors Corporation, Inc.
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