International Endeavors Corporation (OTCMKTS:IDVV): Here Are the Latest Developments
Naples, FL
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March 09, 2023 05:00 AM Eastern Standard Time
The energy industry is one of those sectors that is currently experiencing a lot of change, much of which is related to the work being done in the alternative energy sector. It is a market segment in the energy industry that is anticipated to expand rapidly, and there are several businesses there that are already making outstanding progress in that direction.
One of the companies standing out is International Endeavors Corporation (OTCMKTS:IDVV), which is regarded as an alternative energy company and has its hands on a number of pies. IDVV is involved in the distribution, sales, marketing, and installation of battery storage, bi-directional charging, solar technology, and crypto-mining rigs that run on clean energy.
Most of its work is focused on the United States and Latin America. The company is also involved in providing solutions that can help boost the returns on investment for both off- and on-rig clients. Additionally, the company is also focused on partnering with and acquiring eco-friendly companies, technologies, and brands.
IDVV made news earlier in the week, on March 6, when they announced that their artificial intelligence business division WITech had signed an agreement with their first-ever client. The client, HayCap, is a commercial and residential lender that is focused on fixing and flipping properties in many states across the US. Some of the provisions of the agreement make for interesting reading.
A significant artificial intelligence-powered marketing campaign would begin in Nevada and Southern California, as well as the development of a lending package for International Endeavors Corporation's solar crypto project clients. It is also important to keep in mind that the agreement is for a year but is not exclusive in nature since International Endeavors Corporation would like to offer the services to more clients.
The payments originating from the agreement are going to be made on a quarterly basis and would be based on set monthly fees as well as lending volume. The Vice President of International Endeavors Corporation, Bill Martin, spoke about the matter as well. He noted that the company expected to generate revenues in the range of 500,000 and 1,000,000.
The fact that WITech signed up its first client was a major development for the company given that it was only on February 22, 2023, that the company announced that it had completed the acquisition. At the time, International Endeavors Corporation announced that WITech was a private company focused on automation and artificial intelligence technologies.
The company also announced that the acquisition would help it bring about further improvements in its crypto and solar technologies. Additionally, the acquisition was also intended to help International Endeavors Corporation move meaningfully into the artificial intelligence sector. It was a significant new announcement, and the signing of the first contract was an indication that International Endeavors Corporation may well be on the right track.
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Mark McKelvie
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