Paragon Square Inc. has developed a marketplace tailored to goods, services and rentals, with the goal of reducing costs to 0% for small business owners. In May-June 2024, a soft launch for signups in the Goods/Services segment generated over 28,000 signups during a six-week marketing campaign on Facebook. Currently, the platform has approximately 8,500 social media followers across three platforms and more than 32,000 signups. The V1.01 rental segment will launch on March 31, 2025.
In late December 2024, Paragon Square Inc. announced. entered into a partnership with SWIFT Ledger (www.swifttoken.io) on the Solana chain as an accepted payment option. Founded by entrepreneurs looking to create greater utility for marketplaces and business owners worldwide, SWIFT Ledger will list at its first CEX in January 2025. Currently SWIFT Ledger is paid on the DEX with Solana, USDT and Jupiter, with over 100,000 transactions since then. the launch on December 10, 2024.
https://www.dextools.io/app/en/token/swiftledger?t=1737109092174
Paragon Square has also integrated Now Payments as a crypto payment processor. The marketplace will be the first open source marketplace to offer both 0% commissions via a subscription model and cryptocurrency payments for sellers of goods, services and rentals.
CEO Alexander M. Woods-Leo continues: “We are extremely excited about our platform and its upcoming launch for small businesses worldwide. Companies will finally be able to reduce the costs of placing or acquiring new customers at a much lower rate and not have to wait as long for their payment. To be the first full marketplace to offer both fiat and crypto for such a wide variety of goods, services and rentals is unprecedented.”
Our company also recently acquired an existing income-generating real estate portfolio. We have six doors, four of which generate approximately $100,000 in revenue per year. We recently invested in and own 40% of a Quadplex in Philadelphia. We own a 40% stake in the land and the project which is expected to be completed within 9-10 months, along with a 40% revenue share. We are also currently entering into a short sale agreement on a property that needed completion, valued at approximately $300,000 upon completion, and we will close at $190,000. The average leverage we have across the board is around 50-60%.
The CEO, Mr. Woods-Leo, further says, “With our goods/services segment of www.paragonsquare.ai in soft launch mode and our upcoming full launch taking place in the first quarter of 2025, we are paving the way to replace the existing old insane business models of the major platforms related to rentals”
Mr. Woods-Leo further says, “Our platform will put an end to insane host fees and will soon launch Paragon Rentals in late Q1 or early Q2 2025, shortly after the goods and services segment is released. Our platform offers $100 per year subscriptions to hosts who want to rent their properties to vacation rental companies, instead of the platform charging absurd fees. Our goal is to be practical.”
Recently, Paragon Square Inc. launched a Regulation CF offering on Net Capital. Interested parties have the opportunity to learn more about the company and participate in a venture. The link to the portal is https://netcapital.com/companies/paragonsquare
The corporate structure includes:
- Paragon Square Inc. (parent company)
- Paris Realty Inc. (90% voting subsidiary)
- Paris Properties LLC (wholly owned subsidiary of Paris Realty Inc.)
- Paris Portfolio 2 LLC (wholly owned subsidiary of Paris Realty Inc.)
The 2024 annual report will be submitted on April 1, 2025, with consolidated financial data.
Safe Harbor Statement:
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements in this press release constitute “forward-looking statements.” .” Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements and may include the words “estimate”, “project”, “intend”, “predict”, “anticipate” , “plan”, “plan”, “expect”, “believe”, “will”, “would”, “could”, “could”, “might” or words or expressions of similar meaning constitute such statements are not a guarantee of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial position to differ materially from those contained in the forward-looking statements of the company to grow its business. Actual results may differ materially from those predicted and reported results should not be considered an indication of future performance. The potential risks and uncertainties include, among others, the Company’s limited operating history, limited financial resources and domestic or global economic conditions – competitors’ activities and the presence of new or additional competition and conditions in the stock markets.
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