NEW YORK, NY, April 4, 2022 (GLOBE NEWSWIRE) — Metrospaces, Inc. (OTC Pink: MSPC) (“Metrospaces” or the “Company”), a leading PropTech company, combining a world-class real estate development organization seeking to reinvent the real estate industry using artificial intelligence (“AI”) , Blockchain and other technologies, published a letter to shareholders from its CEO, Oscar Brito, and its CTO, Alejandro Laplana, highlighting the 2021 year-end results and their strategic roadmap to exponential growth.

Dear shareholders:
Thank you for your continued support and loyalty. It is our personal commitment to engage our shareholders with clear and consistent communication and to provide timely updates. We would like to highlight our recent achievements and our strategic roadmap.
During the last quarter, we reached several important milestones, including:

• Successful progress in Metrohouse beta testing

• Performed Beta Testing of Metrocrowd Real Estate Property Tokenization Technology, with Exceptional Results

• Approaching the completion of the first stage of construction of our luxury properties in the Dominican Republic

• Conversion of our office building assets in Houston to near full occupancy and a strong increase in NOI.

• Completion of 2019 and 2020 audited financial statements and preparation of 2021 financial reports with strong improvements

Strategic leadership of Metrospaces
The PropTech industry is changing rapidly and having sound advice from top industry leaders is key to Metrospaces’ success. Members of our strategic leadership team, including advisory board member and blockchain pioneer Thomas Carter, spent much of the last quarter creating a robust strategic and operational plan to leverage all assets and intellectual property of Metrospaces.

Metrohouse – Cohabitation platform
Beta testing continues with very positive feedback from its Discord channel. User results have led to significant feature enhancements, including identifying and adding key neighborhood attributes, customer reviews, and blogging features to share local events and experiences with digital nomads who form the core of Metrohouse subscribers. Strong interactive testing and debugging enhanced the user experience, ensuring a smooth launch. Metrohouse plans to launch in the second quarter of 2022 in a selected city, around thirty units available for rental. Subsequent market launches over the next few quarters are expected to include between 120 and 150 total units for lease.

The story continues

Metrocrowd – Tokenization Platform
Beta testing for Metrocrowd began in the fourth quarter of 2021. Rigorous testing of the platform and feedback from test users identified key features, which resulted in overall improvements to user experience, ease of use and general flow. To date, beta testers have given the platform five out of five stars for its functionality. These successes are pushing the design team at Shokworks to further develop the platform for its commercial launch later this year. This groundbreaking technology will not only appeal to third-party property owners and developers, but will also allow the company to tokenize our own internal real estate assets.

Acquisitions and investment strategy
We continue to grow through strategic property acquisitions and expect this strategy to continue through 2023. We will continue to support the launches of MetroHouse and Metrocrowd, as well as our IoT-driven commercial property management platform. I would like to share the highlights of these developments:

• Indianapolis, Indiana: Following Metrospaces’ acquisition of two three-bedroom single-family homes in a growing Indianapolis neighborhood, the team has entered into alliances with several strong real estate partners in this market and seeks to be active in this market with potential acquisitions of additional properties in the coming months.

• Houston, Texas: The Brazos Atrium office complex continues to experience 99.9% occupancy. Additionally, our successful cost reduction strategies have resulted in a 15% increase in NOI year-to-date.

• Loma Linda, Dominican Republic: The Infinity View Villas project, which includes a 3,500 square foot mansion, three 3-bedroom luxury villas and an apartment complex comprising six 1- to 2-bedroom units, will add a total of ten- eight rooms of new inventory at our Metrohouse co-living platform. Phase 1 of this project is 95% complete, with an expected completion in April 2022. We are preparing to launch the sale of the condominium via cryptocurrency during the second quarter of 2022.

Balance sheet and capital structure
Our Chief Financial Officer, Steven Plumb, reported significant improvements in Metrospaces’ balance sheet. Management is pleased to share both an increase in core assets and profitability for the business and is pleased to report that Metrospaces remains in a positive position for EBITDA.

Our 2021 Annual Financial Records reports show solid growth metrics and an optimistic outlook. Highlights of the case include:

1. A year-over-year increase in assets of 2,322%, with a year-end asset balance of over $5.1 million

2. An annual reduction in convertible debt derivative liability of 91.4%, with a year-end balance of $948,617

3. Reduction of the cost of financing capital by more than 65%

4. Increase in equity from -$14.6 million to -$3.6 million

5. Nearly $700,000 in short-term assets and easily marketable securities

6. 2021 net profit of $8.9 million

Relisting to the SEC:
The company has completed audits of its 2019 and 2020 financial statements and expects to file its Form 10-K within the next 15 days to complete its registration statement with the SEC. The audit of our 2021 accounts will begin on April 15, 2022.

Communication to shareholders
As part of our corporate transformation, we are committed to the highest level of transparency with our shareholders. We recently launched a blog on our corporate website, where we share detailed company updates and industry insights from our key partners, cementing our leadership role in the PropTech ecosystem by full growth. Integrity is a core value at Metrospaces, we continue to research and test innovative and effective methods to communicate our goals, plans and successes to our shareholders and the industry.

Thank you for joining us as we begin this strategic transformation of Metrospaces.

Oscar Brito, CEO Alejandro Laplana, CTO

Relevant links:
http://metrospaces.com/
https://shokworks.io

About Metrospaces: MetroSpaces is a PropTech company, combining world-class real estate development with cutting-edge technology. Our particular focus on harnessing new technologies in this space is forging a transformative business of unique value. MetroSpaces seeks to reinvent the real estate industry through innovative IT solutions that solve a wide range of problems in this space. Their products and services use AI, blockchain, and other advanced technologies to facilitate improved end-to-end management and administration, increased transparency, and increased security ownership transactions. The company’s token offerings plan to democratize capital markets by expanding real estate ownership opportunities for retail investors, while increasing its access to liquidity.

Legal Disclaimer: Metrospaces Inc. has filed an offering statement on Form 1-A with the Securities and Exchange Commission. As of the date of this press release, the offering statement has not been qualified by the Commission and there can be no assurance when or if it will be. This press release is not a solicitation, express or implied, of an investment in Metrospaces for money or any other consideration and none will be accepted. In addition, no offers to purchase securities of Metrospaces will be accepted and no funds may be received until the offering statement has been qualified. Offers to purchase securities of Metrospaces will only be made by an offering circular that follows the qualification of Metrospaces’ offering statement on Form 1-A and the qualification of such an offer as possible in certain states.[HD2]

Safe Harbor Statement: The statements contained in this press release may be “forward-looking statements”. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or other statements regarding our future business or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual results could and do differ materially from what is expressed or anticipated in the forward-looking statements due to numerous factors. All forward-looking statements speak only as of the date of this press release, and Metrospaces Inc. undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release.

Metrospaces inc. :
[email protected]
Source: Metrospaces, Inc.
https://metrospaces.com/