International Endeavors secures $2.5 million credit line for advanced AI projects

Las Vegas, Nevada–(Newsfile Corp. – December 11, 2024) – International Endeavors Corp. (OTC Pink: IDVV) (“IEC”), a technology holding company, completed an extensive due diligence process with MMT Funding, a private equity group, resulting in the approval of a line of credit of $2.5 million. This funding represents an important milestone for IEC as it continues to innovate and expand its presence in the field of artificial intelligence across various sectors.

The funds, which will be available in January 2025, are intended for the IEC’s cutting-edge AI initiatives. These include developments in cryptocurrency technologies, clinical trial automation and its sports handicapping platform, WinnersWaygers. The agreement aligns with IEC’s strategic vision to integrate advanced AI solutions into high-growth sectors, leveraging its expertise to drive innovation and deliver value to stakeholders.

Terms of Agreement
Key highlights of the financing agreement with MMT Funding include:

• A $2.5 million credit line to be used exclusively for IEC projects focused on AI.
• No issuance of common stock or convertible debt under the financing structure.
• Revenue sharing agreements for each funded project, ensuring a collaborative financial relationship.
• An option for MMT Funding to acquire preferred shares in IEC if desired.
• Reduce or eliminate any existing business debt.

This structure demonstrates IEC’s commitment to maintaining shareholder value while driving sustainable growth through strategic partnerships.

Paving the way for innovation
IEC’s collaboration with MMT Funding underscores its commitment to leveraging AI for transformative applications. The company’s activity extends over several areas with high potential:

• Cryptocurrency: Develop AI-powered tools to improve security, scalability and functionality within the crypto ecosystem. IEC’s Cryptocurrency Management System leverages advanced artificial intelligence to optimize cryptocurrency mining and management processes. By seamlessly integrating with existing mining systems, the platform provides a comprehensive solution to improve efficiency and reduce operational costs. The system uses machine learning algorithms to monitor and adjust mining operations in real time, ensuring maximum productivity and resource utilization.

• Clinical trials: Creation of automation and artificial intelligence software to streamline and optimize clinical trial processes, meeting a critical need in the medical research sector. International Endeavors Corp. (IEC) leverages its expertise in artificial intelligence (AI) to address critical challenges in the medical research sector, particularly in clinical trials. With a portion of the $2.5 million credit line secured by MMT financing, IEC plans to develop advanced AI-based software tailored to the needs of strategic partners in the medical field. These efforts aim to streamline and optimize clinical trial processes, ensuring greater efficiency, accuracy and cost-effectiveness.

• Sports disability: The IEC continues to make groundbreaking advancements in the sports handicapping industry through its WinnersWaygers platform, which leverages artificial intelligence (AI)-driven analytics to provide improved predictions and actionable insights across major sports. Exceeding 10,000 subscribers during its beta phase, the platform demonstrated strong user demand and validated its potential in this dynamic market. Building on this success, WinnersWaygers is set to launch its paid subscription model in January 2025, aimed at fans and bettors of football, baseball, basketball and hockey. This milestone marks a significant advancement for the IEC, positioning WinnersWaygers as a leader in the rapidly growing sports disability market. IEC will announce Winners Waygers’ new management team as well as how the subscription model and revenue will work in a separate announcement.

Looking to the future

As IEC prepares for the deployment of the credit line in January 2025, the company remains focused on executing its strategic objectives. “This partnership with MMT Funding allows us to accelerate our efforts in the development of AI while preserving our commitment to creating value for our shareholders,” said a company representative. “We are excited about the potential impact of these projects across all sectors and look forward to sharing further updates as we move forward.” »
This agreement marks a crucial milestone for IEC as it continues to strengthen its portfolio and drive innovation in emerging markets. With a clear roadmap and strong financial backing, the company is poised for substantial growth in the coming year.

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About Us

International Endeavors Corporation (“IEC”) is a technology holding company.
The Company currently publishes its financial information on OTCMarkets.
Our filings can be viewed at https://www.otcmarkets.com.

Disclaimer
Forward-looking statements are included within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial condition, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, management plans and objectives for our future operations, including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “ could”, “should”, “will” and other similar expressions are forward-looking statements and imply the risks, uncertainties and unforeseen events, many of which are beyond our control, which may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. International Endeavors Corporation (IDVV) has no obligation to (and expressly disclaims any obligation to) update or revise our forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: International Endeavors Corporation, Inc.

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SOURCE: International Endeavors Corporation