VAYK Project $700K 2024 Revenue with $150K Net Profit

Rhea-AI Summary

Vaycaychella (VAYK) projects approximately $700,000 in revenue for 2024, with an estimated net profit of $150,000, marking its second consecutive profitable year since new management took over in 2023. The company has undergone significant transformations, including divesting legacy assets and launching its first Airbnb property.

Key developments include renewing a joint venture agreement to develop the Rufus Rose House into an Airbnb property in downtown Atlanta and acquiring an engineering and construction company for in-house renovation capabilities. VAYK is developing a new business model integrating real estate development, financial engineering, social accountability, and AI-based rental management. The company is also exploring the revival of its proprietary cryptocurrency-backed transaction services APP with a Singapore-based technology consulting firm.

Positive

• Projected revenue of $700,000 for 2024
• Estimated net profit of $150,000
• Second consecutive year of profitability
• Acquisition of engineering and construction company for in-house renovations
• Joint venture agreement for Rufus Rose House development

Negative

• Management cautions that actual financial results may differ substantially from projections

ATLANTA, Feb. 5, 2025 /PRNewswire/ -- Vaycaychella, Inc. (OTC Pink: VAYK) ("VAYK") management announced today that the company is projected to report approximately $700,000 in revenue for the year 2024, with an estimated net profit of approximately $150,000.

This marks the second consecutive year of profitability since the new management team took over in 2023.  The management team cautions that this revenue and profit projection is based on current knowledge, and the actual results reported in the annual financial statements may differ substantially from this projection.

"In the year 2024, we have divested our legacy assets, commenced operations of our first Airbnb property, and renewed our joint venture agreement to develop the prominent landmark Rufus Rose House into a highly sought-after Airbnb property in downtown Atlanta," said Stephanie Anderl, Interim CEO of Vaycaychella. "Additionally, we concluded the acquisition of an engineering and construction company to serve as our in-house renovation team for short-term rental properties."

"We are pleased with our achievements and are confident in making further progress in 2025," Anderl added.

The company has announced that it is working to launch a disruptive business model in the short-term rental industry.  The new business model will integrate real estate development, financial engineering, social accountability, and AI-based short-term rental management.

Besides this new initiative, Anderl hinted that the company is working with a Singapore-based technology consulting firm on the feasibility of reviving its proprietary APP, which provides transaction services backed by crypto-currency technologies. 

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.

VAYK Contact: Contact@Vaycaychella.com; +1 470-804-7144

View original content:https://www.prnewswire.com/news-releases/vayk-project-700k-2024-revenue-with-150k-net-profit-302369274.html

SOURCE Vaycaychella, Inc.

FAQ

What is VAYK's projected revenue and profit for 2024?

VAYK projects approximately $700,000 in revenue and $150,000 in net profit for 2024.

What major acquisitions did VAYK make in 2024?

VAYK acquired an engineering and construction company to serve as their in-house renovation team for short-term rental properties.

What is VAYK's new business model focus for 2025?

VAYK is launching a disruptive business model integrating real estate development, financial engineering, social accountability, and AI-based short-term rental management.

What is VAYK's plan for the Rufus Rose House in Atlanta?

VAYK renewed a joint venture agreement to develop the Rufus Rose House into an Airbnb property in downtown Atlanta.

Is VAYK planning to revive its cryptocurrency-backed APP?

VAYK is working with a Singapore-based technology consulting firm to explore the feasibility of reviving its proprietary APP that provides cryptocurrency-backed transaction services.