On Monday, International Endeavors Corporation (OTCMKTS:IDVV) was in the news after it made an announcement with regards to WITech, its artificial intelligence unit. The company announced that WITech had managed to sign up an agreement with HayCap, its first client.
Trading Data
On Monday, IDVV stock ended flat at $0.0023 with more than 33.10 million shares, compared to its average volume of 2 million shares. The stock moved within a range of $0.0021 – 0.0032 after opening trade at $0.0025.
AI Shows No Signs Of Slowing As IDVV Announces First Agreement In AI Sector
HayCap is a company involved in the commercial and residential lending space and is mainly focussed on fixing and flipping properties in many states in the United States. It may be a good idea for investors to take a closer look at the actual terms of the agreement between the two parties.
A significant marketing campaign, powered by artificial intelligence, would be launched in Nevada and Southern California. A lending package would also be developed for the solar crypto project clients of International Endeavors Corporation.
The agreement is going to be for a year and non-exclusive, since International Endeavors Corporation seeks to provide the same service to other clients. The payments emanating from the agreement would be made quarterly based on monthly fees as well as lending volume generated. Bill Martin, the vice president of the company, spoke about the agreement as well. He noted that he was pleased at the fact that WITech had managed to tie up its first agreement in the artificial intelligence sector.
