International Endeavors Corp. Amassing Revenue to Drive Rapid Expansion in AI Sector and Eliminate Debt

NEW YORK, NY, June 27, 2023 (GLOBE NEWSWIRE) -- International Endeavors Corp. (“IEC”) (OTC PINK: IDVV), a technology holdings company, is actively expanding its Artificial Intelligence (AI) division—and doing so brilliantly.  IEC is acquiring revenue producing companies, then using the revenue they generate to acquire additional AI-based companies, and, at the same time, taking advantage of the revenue to begin to eliminate corporate debt.  IEC’s expansion into AI has positioned the company to drive significant revenue, become a debt-free company, and set IEC on a path to a profitable future.

After all, it took the company’s new AI division less than two months in the AI space to amass around $600,000 in revenue, which is almost half of the company’s current market cap.  And that has led to the search for its next acquisition.  IEC has never been in a better position to offer investors real shareholder value. 

First, because AI is clearly the key driver of transformation, disruption, and competitive advantage in today’s fast-changing economy, IEC is operating in a sector that is clearly the future of the global economy and a sector with unlimited growth potential.  So, seeking out additional acquisitions that offer completely different technologies will further cement the company in the AI space, which will lead IEC to command more of the industry’s market share.

Second, the company is packaging its new found revenue with a combination of restricted stock and/or long-term “locked up” equity (up to 2 years), to (i) acquire future AI-related companies; and (ii) to begin eliminating the company’s debt with current holders.  It’s an extremely savvy business move that very few microcap companies prioritize, and the benefit to shareholders is that without debt, the company can begin to turn revenue into profit.

Finally, IEC is rapidly expanding its AI division and the products/services it can offer by acquiring additional revenue-producing companies in the burgeoning AI sector.  With future acquisitions, IEC can strengthen its AI portfolio by offering more services across a wider range of industries, which will obviously lead to more clients and even greater revenue.

The company has been meticulously but aggressively seeking out opportunities to broaden its footprint in the AI sector, which PwC estimates could add as much as $15.7 trillion to the global economy by 2030.  In Q1, IEC acquired “WITech” and “SF Corp,” then combined the strengths and capabilities of both companies, and voilà, IEC’s AI division was born under the “WITech” brand.  The AI division created an instant revenue stream for IEC as it welcomed clients in both the financial and the health and wellness sectors.