International Endeavors Corp. Enters Trillion-Dollar Renewable Energy Industry with Plan to Deliver Shareholder Value
NEW YORK, NY, June 14, 2022 (GLOBE NEWSWIRE) — International Endeavors Corp. (“IEC”) (OTC PINK: IDVV) entered the almost $1-trillion-dollar global renewable energy industry with its January 2022 acquisition of Universal Voltage, a clean energy company that offers a suite of commercial and residential solar, power backup, and EV2G/Bi-directional charging products. IEC, then expanded its lineup with the announcement that it planned to introduce a crypto mining product that it developed by integrating crypto mining capabilities into the technologies it acquired from Universal Voltage. The two announcements established IEC’s commitment to grow its footprint in the green energy arena, and the news situations IEC to provide both a solar powered energy source and a clean crypto mining solution for both residential and commercial users.
In the acquisition, IEC gained Universal Voltage’s distributorships and partnerships for a host of products and included sales of existing products and installs in Q1 2022. In total, the acquisition has the potential to dramatically change IEC’s future by setting the company up to deliver shareholder value . After all, IEC now has a legitimate avenue to start producing significant annual revenue in an industry that is expected to reach almost $2 trillion by the end of the decade, according to numerous analysts.
And as we fast forward to today, the network of distributorships and partnerships that IEC gained in the acquisition will be invaluable. Five months into the ownership of Universal Voltage, IEC has already introduced a solar powered clean energy crypto mining container (UV-OG). The company’s UV-OG series uses the latest in solar, battery and crypto mining technology to provide its users with a residential or commercial power source that can also mine cryptocurrency like Bitcoin more responsibly.
The introduction of the new UV-OG series has already garnered real interest. IEC announced late last week that it has started the initial phase of its more than $1-million solar powered clean energy crypto project in Baja, Mexico. The agreement calls for the development and sale of 10 UV-OG units. According to the company, the units primary use will be to provide an off-grid power solution for a housing project under development in the Baja California, Mexico region. Each UV-OG unit will also have solar powered energy and crypto mining to maximize the use of the power generated.
Additionally, IEC announced that it sees plenty of development opportunities in both the residential and commercial side, and the company intends to expand further into Latin America. Currently, IEC has stated it is in negotiations to develop out another project in Costa Rica.
IEC’s interest in advancing its clean crypto solution is clear. Cryptocurrency mining is notorious for wasting electricity. It is believed that current mining practices add as much as 40 million tons of carbon dioxide to the atmosphere every year. Bitcoin mining, for instance, which is the process of creating new bitcoins and updating the digital ledger that tracks transactions, consumes vast amounts of computing power and electricity. To earn bitcoins, miners solve increasingly difficult puzzles. The faster and more efficiently they solve these puzzles, the more bitcoins they get and the harder it becomes to mine new ones.
The company stated that its mining rigs will be compatible with its suite of commercial and residential solar, power backup, and EV2G/Bi-directional chargers, which will allow users to mine clean energy crypto. IEC says its vision is to provide new and existing customers that own solar/battery backup setups the option of selling electricity back to the grid, or mining crypto currencies, whichever is more beneficial for the customer.
The company’s off-grid power solution will allow for any surplus of energy generated from its solar technology to be used for mining crypto, creating an opportunity for people using off-grid power to be able to generate revenues similar or better than selling back to the grid, which improves their return on investment.
To learn more about International Endeavors Corp., visit https://idvvcorp.com or follow IEC on Twitter at https://twitter.com/IDVVcorp
About International Endeavors Corp.
International Endeavors Corporation is an alternative energy company that is focused on the marketing, sales, distribution, and installation of solar technology, battery storage, bi-directional charging and clean energy crypto mining rigs in the US and Latin America. The company is focused on providing solutions to improve ROI to on & off grid clients. In addition to its main business, IEC is engaged in locating, acquiring and partnering with eco-friendly established companies, brands, and technologies in the green energy sector.
About Stock Market Media Group
Stock Market Media Group is a news and media content development IR/PR firm offering a platform for corporate stories to unfold in the media with feature news articles, press releases, research reports, corporate videos, and radio-style CEO interviews. Your story, our words!
This article was written based on publicly available information. Stock Market Media Group may, from time to time, include our own opinions about the companies, their business, markets and opportunities in our articles. Any opinions we may offer about any of the companies we write about are solely our own and are made in reliance upon our rights under the First Amendment to the US Constitution and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice, or constructed or interpreted as research. Any investment decisions you may make concerning any of the securities we write about are solely your responsibility based on your own due diligence. Our publications are provided only as an informational aid, and as a starting point for doing additional independent research. We encourage you to invest carefully and read the investor information available at the web site of the US Securities and Exchange Commission at www.sec.gov, where you can also find IEC’s filings and disclosures. We also recommend, as a general rule that before investing in any securities, you consult with a professional financial planner or advisor, and you should conduct a complete and independent investigation before investing in any security after prudent consideration of all pertinent risks. We are not a registered broker, dealer, analyst, or advisor. We hold no investment licenses and may not sell, offer to sell, or offer to buy any security. Our publications about IEC are not a recommendation to buy or sell a security.
Should Stock Market Media Group and its management own shares in the profiled company, they may benefit from any increase in the share price of the profiled companies and hold the right to sell the shares bought at any given time including shortly after the release of the company’s profile. Section 17(b) of the 1933 Securities and Exchange Act requires publishers who distribute information about publicly traded securities for compensation, to disclose who paid them, the amount, and the type of payment. Under the Securities Act of 1933, Section 17(b), Stock Market Media Group discloses that it was remunerated one-thousand, three hundred dollars paid for by a third party via bank wire, to produce this content related to IEC.
Stock Market Media Group and its management do not own any shares in IEC and never accepts compensation in free-trading shares for its marketing services of the company being profiled, however third parties that have compensated Stock Market Media Group may hold free-trading shares of the company being profiled and could very well be selling, holding or buying shares of the company’s stock at the same time the content is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration.
If Stock Market Media Group ever accepts compensation in the form of free trading shares of the company being profiled and decides to sell these shares into the public market at any time before, during, or after the release of the company’s profile, our disclaimer will be updated accordingly to reflect the current position of any free trading shares received as compensation for our services.
For more information: https://www.stockmarketmediagroup.com