Dallas, Texas, May 10, 2022 (GLOBE NEWSWIRE) — Vaycaychella, Inc. (OTC Pink: VAYK) (“VAYK”) announced today that the company plans to host a live interactive presentation to provide details on its previously announced cryptocurrency. expansion strategy to grow its portfolio of short-term vacation rental properties in Cuba.
The company originally planned to host a small group of select on-the-ground investors in Cuba. Sadly, last week Cuba suffered a serious explosion at a historic hotel in the country’s Capitol. Hotel Saratoga in Havana exploded following what appears to be a gas leak.
“The loss of a Cuban monument in front of the Capitol of Cuba is very sad and the resulting loss of life makes it tragic,” said Bill Justice, CEO of Vaycaychella. “I stayed at the Saratoga. I remember wondering if I was in the room where Mick Jagger slept when the Rolling Stones were playing in Havana. VAYK is a tourism-driven business, and Cuba’s command-economy tourism industry needs time to deal with the consequences of Saratoga. This is not the month for VAYK to come up with new proposals. I expect Cuba to welcome our tourism expansion plans more than ever, but two weeks after the Saratoga tragedy is too soon. Alternatively, we will host our cryptocurrency-backed expansion plans to a wider audience in an effort to accelerate our expansion plans. Look for upcoming details on our online cryptocurrency-backed expansion strategy to grow its portfolio of short-term vacation rental properties in Cuba.
VAYK is a technology company that last year launched an award-winning Peer-2-Peer (APP) alternative finance application for seeking financing to purchase income-generating vacation properties. In the face of rising interest rates, VAYK management expects the user base to grow as conventional home financing becomes more expensive.
In addition to the existing functionality democratizing access to finance for the purchase of short-term rental vacation properties, the upcoming version of VAYK’s soon-to-be-launched Peer-2-Peer Alternative Finance app will introduce a split investment where multiple investors can support a single short-term vacation rental project.
The next release is a first step towards adding the ability to invest in short-term vacation rental projects through the purchase of cryptocurrency.
VAYK recently purchased a cryptocurrency exchange and work is underway to quickly launch the exchange.
VAYK originally planned to hold an event in Cuba later this month to wade through the first cryptocurrency offering. We thank everyone who has shown interest and we will continue to follow you to plan a future trip.
VAYK is organizing an initiative to raise funds through the issuance of an initial cryptocurrency to finance additional properties in the same vicinity as the existing short-term vacation rental properties in the VAYK pilot project.
VAYK launched a pilot short-term vacation rental business in Cuba just outside Havana in 2018. VAYK supported the renovation of ten Art Deco-style beach properties originally built in the 1930s and 1940, now operated as vacation destinations available through Airbnb and VRBO. Since then, the company has added a small boutique hotel in Havana.
The Cuban pilot served as a role model for the company’s design and launch of its award-winning Peer-2-Peer (APP) alternative finance application to seek financing for the purchase of income-generating vacation properties.
To learn more and follow the latest Vaycaychella updates, and to access the Vaycaychella app, visit https://www.vaycaychella.com/.
Disclaimer/Safe Harbor: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. Statements reflect the Company’s current beliefs regarding 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, failure to meet deadlines or performance requirements of the companies’ contracts, the companies’ liquidity condition, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive prices. In light of these uncertainties, the forward-looking events discussed in this press release may not occur.
Contact VAYK:
William “Bill” Justice
[email protected]
(800) 871-0376
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