International Endeavors Corp. (OTC:IDVV) Stock In Focus After Latest News
The beginning of another trading week would be the prompt for investors to start looking into stocks that may have been in the news cycle on the previous Friday. By that logic, there are a number of companies to look into, and one of those is International Endeavors Corp. (OTC:IDVV).
The company had been in the news on November 17 when it announced that it had appointed a new chairman in the form of Ray Valdez. In the news release, the company noted that in the new role, Valdez would bring more than twenty years of considerable experience in the field of business development. Valdez, who is a native of Southern California, is known for being a visionary and for having a significant passion for entrepreneurship.
International Endeavors Corp. noted in its press release that he would play a major role in devising the strategic direction of the company by deploying his considerable experience in driving innovation as well as bringing about steady growth. Valdez had had a career that spanned a quarter of a century, and throughout the course of that career, he had been instrumental in the success of businesses as well as start-ups based out of Nevada and Southern California.
International Endeavors Corp. also noted that Valdez possessed the commitment to bringing about growth and making strategic acquisitions, both of which further cemented his stature as a major player in the industry. Over the past few years, Valdez has become well-known for his work in up-and coming fields like artificial intelligence and automation. The tendency that he showed towards staying on top of things with regards to technological advancements was in alignment with the mission of International Endeavors, the company noted. The company seeks to be a leading player in the tech industry, which evolves at a rapid rate.
In terms of the company’s work on the technological front, it ought to be noted that International Endeavors has been working on the expansion of its Artificial Intelligence (AI) business unit. On June 27, the company announced that it had been engaged in the acquisition of revenue-generating companies and had been using the same revenues to acquire more AI-related companies.
Additionally, the company had also noted at the time that it had been using the revenue from the acquired companies to pay down its debts. At the time, International Endeavors noted that its expansion into the AI sector had provided it with the launch pad for considerable future growth, eventually turning into a company without debt and becoming profitable.
The company also revealed that it took the AI business unit less than two months to generate revenues to the tune of $600,000. That figure was close to 50% of the market capitalization of International Endeavors at the time. Such strong performance had prompted International Endeavors to look for its next acquisition in the AI space. The company further asserted that the sector was going to be the future of the worldwide economy and that the potential for growth could be unlimited.