CARSON CITY, NV, April 12, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — KYN Capital Group (OTC:KYNC) is pleased to announce that BW Property Management Group, the developer of Pay.How, has been acquired by KYN Capital Group . KYN Capital has agreed to acquire BW Management effective immediately. Thus, BW Management will become a wholly owned subsidiary of KYN Capital Group. This milestone achievement for KYN Capital Group adds a revenue-positive business to its portfolio.
During Q1 2022, Pay.How generated positive revenue and promising metrics on its platform. Revenue is expected to grow 300% by the end of 2022. Pay.How plans to remain in beta until the end of Q2, although several key features are currently available.
Below are some key beta metrics from Q1:
Home sales topped $2.5 million on Pay.How.
First Quarter Home Services Revenue Exceeded Expectations at $166,701.00
New revenue streams to be added include: Amazon Associates program, GO Car subscription services, Uphold and a key partnership with Asia Broadband.
The concert ticketing platform is 100% complete and awaits launch in the second quarter.
3 new franchisees added.
Roadmap and future forecasts:
KYN Capital Group expects to add up to 10 million users over the next 18-24 months by leveraging its proprietary viral software programs, HOA and owner registrations, and key celebrity endorsements.
As noted recently, “Our technology product ecosystem complements each other well, including our financial structure to meet shareholder confidence,” said Rick Wilson, CEO. “Our development teams, our partners, Pay.how and our future products put us in a unique position for growth in the market,” concludes Wilson.
Pay.How is a great app developed by BW Property Management Group (Inc. Magazine’s Best in Business Gold Honoree.) Pay.How converges peer-to-peer payments, merchant solutions, real estate, home services, ticketing for events, carpooling, and a crypto exchange in one streamlined and rewarding experience. For more information, visit Pay.How.
About KYN Capital Group, Inc. (KYNC)
KYN Capital Group, Inc. (KYNC) is a Nevada corporation. The holding company is working on acquisitions in the entertainment, blockchain, cryptocurrency and contactless payment sectors. The goal is to combine the expertise of our team members to create a cohesive force that will drive the company forward in the marketplace.
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KYN Capital Group, Inc. (KYNC)