WSGF Announces LOI to Acquire Vacation Technology Business With $10 Million Real Estate Backed Asset

DALLAS, Dec. 19, 2019 /PRNewswire/ -- WSGF, Inc. (aka World Series of Golf, Inc.) (USOTC: WSGF) today announced entering into letter of intent (LOI) agreement to acquire an innovative vacation industry technology business. Instead of connecting vacation property owners with would be vacation renters through applications like Airbnb and Bookings.com, the WSGF target acquisition is deploying an application that empowers people to become vacation property owners in the first place. Those utilizing WSGF's target acquisition application can acquire vacation properties and then enjoy generating income from vacation renters through applications like Airbnb and Bookings.com. The WSGF target acquisition is a shared economy prequel to existing shared economy applications such as Airbnb and Bookings.com (see more on the shared economy below). This is not just a concept business. The target acquisition has been in operation for over two years. The target acquisition recently adopted a new name in anticipation of the upcoming acquisition by WSGF. The new name is Vaycaychella, intended to rapidly garner market attention as an accessible innovation empowering anyone with the notion of becoming a vacation property owner/operator to access the means to realize the vacation property ownership opportunity. Vaycaychella has already financed the acquisition of approximately $10 million in vacation properties through its unique vacation property lending approach. All the current properties are located in Caribbean vacation areas. The WSGF acquisition comes with a mortgage portfolio backed by the $10 million in vacation properties. Under WSGF, Vaycaychella will digitize its unique lending approach into a mobile device app and expand upon its internal lending capacity by connecting with peer-to-peer lenders. The Vaycaychella app will be available all over the world for the acquisition of properties all over the world. The Vaycaychella acquisition is scheduled to close in early January.

As WSGF enters the shared economy sector with the Vaycaychella acquisition, the company highlights that the shared economy was reported in a recent Forbes article to have been a $15 billion market in 2014 projected to reach $335 billion by 2025.  In further updates, WSGF has initiated efforts to update its public disclosures with the objective of meeting OTC Markets "Current Information Standard" reporting requirements. Coming updates will also include plans for the company's existing sports and entertainment assets. WSGF plans to imminently publish a preliminary new corporate website to include a current draft financial statement. The company originally planned to have the website up this week. The updated target release date is Monday, December 23, 2019.

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.

WSGF Contact:
Lawrence Bailey
[email protected]
+1(800)871-0376

SOURCE WSGF, Inc.