Category Archives: FlexWeek Inc. FXWK

FlexWeek, Inc. (FXWK): ‘Waste Not, Want Not’ Applies to the Timeshare Business, Too

March 15, 2016

FXWK

‘Waste not, want not’ – if you do not waste anything, you will always have enough. Wise use of one’s resources will keep one from poverty. This proverbial saying was first recorded in 1772, but it had an earlier, even more alliterative version: ‘Willful waste makes woeful want.’ This common phrase came to mind when contemplating Flexweek, Inc.’s (OTC: FXWK) business model in the timeshare space. FlexWeek is the only publicly traded company in the peer-to-peer timesharing space. With a platform in development similar to AirBnb, the company’s management intends to expand rapidly into the lucrative timeshare rental market. The platform enables timeshare owners to offer direct access to resort inventory to anyone, unlike competing trading platforms such as Interval International (NASDAQ: IILG) or Wyndham Worldwide’s (NASDAQ: WYN) RCI.

The FlexWeek platform also addresses another specific industry challenge. The average timeshare is only booked 79% of the year, according to the American Resort Development Association’s 2012 research survey. Whether or not a privately owned timeshare unit is used, the owner still has to pay annual maintenance fees, and most owners end up losing thousands of dollars in wasted paid-for vacation time over their ownership periods. With FlexWeek, an owner of unused paid vacation time can now offer their specific booked week for rent directly to the FlexWeek marketplace in order to recoup costs or even make a profit on the rental. The glut of unused timeshare inventory allows a potential renter to stay in a very nice condo for a fraction of what they would pay in hotel fees, making it a win-win for both the owner and the renter of the vacation time.

Once upon a time, if you said you owned a timeshare you might get a withering look of disdain from someone who felt you had caved in to a hard sell for a vacation option that most people were as eager to exit as they were quick to sign up, but times have changed for timeshares. A quiet revolution in the industry now shows they can be a savvy vacation strategy. The industry has become much more consumer-friendly and transparent, insiders insist, largely because major hospitality chains — such as Disney, Four Seasons, Hilton, Hyatt, Marriott, Ritz-Carlton, Starwood and Wyndham — are among the big players. The entry of these global giants has “solidified the product and brought credibility to the sales process,” said Michael Brown, chief operating officer of Hilton Grand Vacations, which operates 71 club-affiliated resorts in the United States, Canada, Europe and Mexico, in an article on the Richmond Times-Dispatch website (http://dtn.fm/6oAJd).

FlexWeek is in good company and obviously has a solid business model in place to capitalize on an already proven and lucrative industry. The company’s basic values of helping customers to not waste any of their assets should attract attention and retention.

For more information, visit www.flexweek.com

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FlexWeek, Inc. (FXWK) taps the Access Economy with its Peer-to-Peer Timeshare Rental Platform

March 7, 2016

FXWK

A recent article in the Harvard Business Review (HBR), entitled The Sharing Economy Isn’t About Sharing at All, shows that FlexWeek, Inc.’s (OTC: FXWK) innovative online platform for travelshare rentals is an idea whose time has come. The FlexWeek platform ‘allows timeshare owners to discover, book and offer unused vacation time (travelshares) directly to the public and other timeshare owners.’ As the title of the HBR piece suggests, the label ‘sharing economy’ is misleading. The authors, two well-respected professors of marketing, go on to point out that the essential characteristic of the peer-to-peer (P2P) business model is access. That is an important insight and it’s one that drives FlexWeek’s strategy.

The rise of the peer-to-peer approach has given rise to a new range of businesses. An illuminating story (http://dtn.fm/0nLZ4) in Currency Fair, entitled The Peer-To-Peer Marketplace Revolution: 50+ Companies That Are Changing The World, names Craigslist, Uber, Zipcar, Kickstarter, Lending Club, and, of course, AirBnB. Peer-to-peer is a term borrowed from computer architecture vocabulary that was meant, initially, to indicate a contrast to centrally-controlled systems. Consequently, the early excitement with P2P models was their devolution of power, which was thought to translate into equality and freedom for the participating peers. Since the French Revolution, however, fraternity is never far away from liberty and equality. So early P2P endeavors with a strong flavor of communality and social interaction were an expected sine qua non.

Eckhardt and Bardhi take issue with this accepted rationale of the success of P2P nexus, doubting whether participants on such platforms are seeking brotherhood and social interaction. They rather believe companies that ‘emphasize convenience and price over the ability to foster connections will have a competitive advantage’. To illustrate this, they compare the two different approaches taken by Uber and Lyft. They endorse the privately-held Uber’s strategy that ‘positions itself squarely around its pricing, reliability, and convenience (that) is encapsulated in their tagline, “Better, faster and cheaper than a taxi.”’ However, they say a contributing reason that almost identical rival Lyft has not had Uber-rate growth is that its sales propositions, such as “We’re your friend with a car” and “Greet your driver with a fist bump,” are directed at our gregarious natures. Peer-to-peer business may involve some degree of winning friends, but when we call a cab, it’s not because we want to be chums with the cabbie.

The two professors confess dismay with AirBnB’s recent re-branding, which highlights ‘people, places, love and community’, saying “The reason why most consumers use AirBnB is the value they can get for their money.” A peer-to-peer commerce model is superior when it provides ‘convenient and cost-effective access to valued resources, flexibility, and freedom from the financial, social, and emotional obligations embedded in ownership and sharing’.

A Bloomberg piece (http://dtn.fm/dOXv6) that appears to have ingested Eckhardt and Bardhi’s main argument touts Uber as the poster child for the access economy with an estimated valuation ‘north of $50 billion’. The Bloomberg story also highlights AirBnB. It points out that the privately-held AirBnB is valued at around $25 billion and carries more than 1.5 million listings for accommodation in 34,000 cities around the world. FlexWeek aims to do for timeshares what AirBnB has done for the online marketplace that enables individuals to rent their rooms, apartments or houses to short-term guests.

FlexWeek’s P2P website (www.FlexWeek.com) and mobile application is similar to AirBNB’s $25 billion approach to the travel industry. (A December 2015 filing with the SEC in regard to funding of $1.5 billion values AirBnB at $25.5 billion) FlexWeek is the first and only P2P marketplace exclusive to fractional vacation ownerships. Its platform differs from the existing costly model under which timeshare weeks must be ‘banked’ with a trading company such as Interval International or RCI. Instead, the booking fees are charged to the renter of the travelshare or vacation time. FlexWeek is a pioneer in this Peer-to-Peer Travelshare market, and the FlexWeek engine is currently undergoing v2 Beta testing. FlexWeek also offers premium members a service through its wholly-owned subsidiary, Choice Journeys, which provides access to discounted timeshare inventory in addition to cruise and luxury vacation homes in the United States, Canada, Mexico, Caribbean, Europe and Asia.

FlexWeek’s prospects look good. Based on data in the recent State of the Vacation Timeshare Industry: United States Study 2015 Edition and other information supplied by the American Resort Development Association, the potential size of the re-sale and rental market is about $1.6 billion. AirBnb’s success shows that helping the world to travel on holiday is one road to success. That’s a road that FlexWeek, with its novel travelshare concept, is likely to pave anew.

For more information, visit www.flexweek.com

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FlexWeek, Inc. (FXWK): Hilton Spinoff Could Bode Well for FlexWeek’s Business Model

February 29, 2016

FXWK

A spinoff can more often than not unlock a dormant business segment and provide opportunities for that business segment to grow and prosper without all the ‘red tape’ associated with being under a convoluted, corporate umbrella. Recently, Hilton Worldwide Holdings Inc. (NYSE: HLT) said it will spin off its lodging properties and timeshare business into separate publicly traded companies in a bid to boost shareholder value as the world’s largest hotel operator faces increased competition. Companies like FlexWeek, Inc. (OTC: FXWK) can benefit greatly from a move like this for several reasons: this will allow them to deal with the ‘Hilton Timeshare Company’ directly; the shear number of timeshares available from ‘Hilton Timeshare Company’ will be staggering; and public relations for the timeshare industry as a whole will benefit from the large marketing budget ‘Hilton Timeshare Company’ will surely possess.

Hilton’s timeshare spinoff will include about 50 properties in the U.S. and Europe. Hilton plans to keep the management of its timeshare business, Hilton Grand Vacations, in place. David Loeb, an analyst at Robert W. Baird & Co., estimates the timeshare company would be valued at about $2.1 billion.

Hilton is facing increased competition from traditional rivals and startups such as AirBNB. FlexWeek’s peer-to-peer (P2P) website and mobile application are similar to AirBNB’s $20 billion approach to the travel industry, but they create the first and only P2P marketplace exclusive to fractional vacation ownerships. FlexWeek differs from the existing model, in which timeshare weeks must be “banked” with a trading company such as Interval International or RCI, and instead charges the booking fees to the renter of the vacation time, eliminating the cost to the private timeshare owner.

Also, FlexWeek helps eliminate costly maintenance charges by allowing a timeshare owner to offer their unused vacation time to the FlexWeek marketplace, so they can recoup some of the maintenance costs or even reap a nice profit. With more de-consolidation, as with Hilton, exciting days of competition and opportunity for FlexWeek and the timeshare industry as a whole are rapidly approaching.

For more information, visit www.flexweek.com

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The FlexWeek, Inc. (FXWK) Platform Buoys Timeshare Secondary Market

February 22, 2016

FXWK

FlexWeek, Inc.’s (OTC: FXWK) innovative online platform for timeshare rentals is set to boost the secondary market for timeshares, and that’s great news for timeshare owners and investors. A functioning secondary market in timeshares will play the same important roles as does the secondary market in securities. One of these roles is the provision of liquidity. When one buys stocks, the funds are tied up indefinitely, but suppose the proverbial rainy day comes along and you need to cash in your investment. What can be done? It used to be that your only option was finding a willing buyer by advertising or some other means. Now, some companies like Home Depot (NYSE: HD), Colgate-Palmolive (NYSE: CL), and PepsiCo (NYSE: PEP) offer Direct Stock Purchase Plans (DSPPs) and Dividend Reinvestment Plans (DRIPs), and these plans may provide a way for a shareholder to sell shares back to the plan. But such options may be unpalatable since the purpose of these plans is to encourage long-term stock ownership.

A secondary market, such as the one administered by the NYSE in which shares are traded, allows you to find a willing buyer much easier and so makes the securities you own more liquid. Another important function of securities markets is pricing and valuation. A secondary market allows the price of one company’s shares to be compared to the prices of all other traded companies’ shares and so compares the value of one investment against another. For timeshares this is especially important.

Without a secondary market in timeshares, the only price for a timeshare would be the one set by the developer. The value of timeshares would essentially be determined by developers, but, if there is a secondary market in which timeshares are resold, the value of timeshares would be set by the market the way that securities’ prices are set in the secondary market. No company could issue shares at $100 when they are trading in the secondary market at $70, but this is exactly what is happening in the timeshare market.

Evidence of the huge pricing gap between the primary and secondary markets for timeshares is given by RedWeek, which reports (http://dtn.fm/1d2tE) on its website that ‘Timeshare re-sales… are typically priced 30-50% below the original developer or resort price’. This assertion is supported by a story (http://dtn.fm/h6hAc) in Kiplinger that states, “With brand-name developments, such as Disney (NYSE: DIS), Marriott (NASDAQ: MAR) and Wyndham (NYSE: WYN), you typically pay 30% to 50% less than the developer’s price.”

FlexWeek is contributing to the development of the timeshare secondary market with its unique peer-to-peer (P2P) platform, which is focused on timeshare rentals. Timeshare rentals can provide the same two market functions that timeshare re-sales do. A vibrant rental market will allow timeshare owners to recoup the costs for timeshare weeks they could not utilize in much the same way a re-sale would have done. In fact, it’s a superior option, since he still owns the asset. He didn’t have to sell to mitigate losses. Rentals will also, undoubtedly, influence pricing and valuations. They will, at the very least, establish a floor for valuations. Valuation of timeshares is a complex issue since a timeshare owner enters the contract expecting to pay a cash sum for an intangible benefit. Unlike owning a financial asset, there is no expectation of future positive cash flows.

A survey in 2012 conducted by the American Resort Development Association found that about 20 percent of timeshares usually enter the re-sale market, and the recent State of the Vacation Timeshare Industry: United States Study 2015 Edition reports that timeshare revenues in 2014 amounted to $7.9 billion. This would put the size of the re-sale market at approximately $1.6 billion. With an opportunity like that, FlexWeek could be the AirBnB of the timeshare industry.

For more information, visit www.flexweek.com

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FlexWeek, Inc. (FXWK) Takes the Sting Out of Unused Timeshare Expenses

February 16, 2016

FXWK

At the forefront of the peer-to-peer (P2P) vacation-home marketplace sits FlexWeek, Inc. (OTC: FXWK). Being the first of its kind, the company offers a platform for timeshare owners to market their unused vacation time to the public or other timeshare owners. FlexWeek provides direct access to its resort inventory while eliminating the need for timeshare owners to use other expensive trading platforms. The company charges booking fees to the renter of the vacation time instead of “banking” times with a trading company. This means that the private timeshare owner can offer his/her unused vacation time to renters to recoup the cost or even make a profit on the unused vacation time. Renters would also be saving money on these transactions as they are likely less expensive than hotel rooms.

Timeshares have been enticing Americans since 1969, the first being in Kauai, Hawaii, and have been generating billions of dollars annually. People are attracted to timeshares because they not only guarantee a space for vacation with fixed dates but they also provide a larger space to enjoy with multiple bedrooms, a kitchen, and washer/dryer amenities.

However, the vacation habits of Americans have been slumping in recent years with more and more vacation days going unused. According to the U.S. Travel Association, workers fail to use up to five vacation days during the year. To account for this lost time, a survey of 1,303 Americans was conducted in 2014 by Project: Time Off and concluded that the top reason for unused vacation days was the fear of returning to a mountain of work. Other reasons included affordability, fear of being seen as replaceable, and trying to show dedication to the company. Overall, workers are emerging from a tough economy and feel less secure about their jobs, which means fewer days off.

Since timeshare owners must pay for their shares whether used or not, FlexWeek offers a way for them to rent their time to others, and, potentially, make some extra money. The need for timeshare renters should only increase because Americans suffer from a “work martyr complex,” making FlexWeek a great alternative to paying for unused space. The company intends to continuously expand its presence in the timeshare rental market while offering inexpensive outlets for vacationers.

For more information, visit www.flexweek.com

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FlexWeek, Inc. (FXWK): Stay in Vacation Homes around the World for Less than the Cost of Hotels

February 8, 2016

FXWK

Almost everyone loves to travel and seek out exotic destinations around the globe. However, accommodations can be such an expensive and unfulfilling experience when staying at hotels that all look the same and are located in the same areas of town. Wouldn’t it be great if we could stay in a luxurious, fully-furnished condo anywhere on the planet for a price that’s much less than the local Hilton (NYSE: HLT)? Well, the good news is that you can, and all you have to do is become a part owner of a timeshare or just have the desire to travel and take advantage of FlexWeek, Inc.’s (OTC: FXWK) innovative and efficient marketplace.

FlexWeek is a global peer-to-peer marketplace that allows timeshare owners to discover, book, and offer unused vacation time directly to the public and other timeshare owners. The company is similar to the very popular $20 billion business model of AirBNB, but FlexWeek is the first and only peer-to-peer marketplace exclusive to fractional vacation ownerships. With FlexWeek, there is no need for costly trading platforms such as Interval International or RCI. Also, since the platform charges booking fees to the renter of the vacation time instead of the property owner, FlexWeek eliminates the cost to the private timeshare owner.

Timeshare sales volume peaked at $10.6 billion in 2007, but then fell significantly in the next two years due to the recession – hitting a floor at $6.3 billion in 2009. Since 2009, the industry has undergone a steady growth period. In 2014, the industry recorded its fifth straight year of sales volume increase. With the industry getting better and more people investing in timeshares, the opportunities for a company like FlexWeek are bountiful. Much like Priceline (NASDAQ: PCLN) facilitates the process of finding the best deals on flights, rental cars, and hotels, FlexWeek makes the experience of finding the best deal on a timeshare anywhere in the world a very easy and affordable undertaking.

Traveling and seeing the different sights and sounds of various cultures should be breathtaking during the day while checking off your itinerary, but why not enjoy some of the comforts of home with a cozy, furnished timeshare for the same or a fraction of the price of an expensive resort or hotel? FlexWeek has the solution for this problem with its worldwide marketplace.

For more information, visit www.flexweek.com

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FlexWeek, Inc. (FXWK) turns Timeshare Re-Sales into a Picnic

February 1, 2016

FXWK

Banner days are back for the timeshare industry. According to the recently published State of the Vacation Timeshare Industry: United States Study 2015 Edition, in 2014, the last full year for which data is available, the U.S. timeshare industry grew faster than the economy. U.S. GDP growth in 2014 was 2.4 percent, while the study estimates U.S. timeshare industry growth at a strong 4 percent. Total sales volume increased from $7.6 billion in 2013 to $7.9 billion in 2014. Since 2010, sales volume has been rising steadily. It was $6.4 billion in 2010; $6.5 billion in 2011; $6.9 billion in 2012; $7.6 billion in 2013; and $7.9 billion in 2014, recording a compound annual growth rate of 4.3 percent over the five year period. Timeshare sales volume peaked at $10.6 billion in 2007 and fell significantly in the next two years due to the recession – hitting a floor at $6.3 billion in 2009. Since then, the industry has undergone a steady resurgence. 2014 marked the fifth straight year of increases in sales volume. With sales on the upswing, re-sale growth has been rising as well.

Timeshares offer the opportunity to own or have use of a vacation home for a set time every year on a recurring basis. The American Resort Development Association (ARDA) calls them ‘vacation ownership’ and explains in a promotional brochure: ‘Owning a timeshare is your ticket to better vacationing. This means an ever-expanding choice of accommodations, amenities, locations, pricing, use plans, and timeshare exchange. You can tailor vacations to meet your lifestyle needs and travel dreams at more than 5,000 resorts in almost 100 countries around the world.’ Many timeshare contracts give the purchaser a deeded interest in real estate and grant ownership rights in the property at a fraction of its total cost. The timeshare owner will pay an annual maintenance fee. The typical timeshare arrangement is for a week or two. Longer periods are referred to as fractionals. Large resort owners who develop the properties will usually offer programs that allow timeshares to be traded. Someone who owns a timeshare to a property in Florida may do a swap with someone who owns a timeshare to a property in Hawaii. This is a large market, since, undoubtedly, preferences change over time. As the old saying goes, variety is the spice of life.

The anecdotal evidence seems to suggest that selling a timeshare is not so easy, however. Data on the resale market is difficult to obtain, but, judging from the prices, it’s a buyer’s market. According to Redweek.com (http://dtn.fm/2c3MG), which bills itself as the largest online marketplace for timeshares for sale, ‘Timeshare re-sales… are typically priced 30-50% below the original developer or resort price.’ A story (http://dtn.fm/Pg0Jk) in Kiplinger backs that up: ‘With brand-name developments, such as Disney, Marriott and Wyndham, you typically pay 30% to 50% less than the developer’s price. You’ll save more money buying from a lesser-known developer – probably 50% to 70% off the property’s price when it was first put on the market.’

There are two large exchange companies, Interval International and RCI (formerly Resort Condominiums International), that offer both timeshares by developers and those for re-sale. Typically, timeshare owners are allowed to save or ‘bank’ vacation time for use in a subsequent year. This is usually a prerequisite to trading the timeshare. But FlexWeek (OTC: FXWK) allows owners to share and exchange their timeshares directly with other owners and non-owners alike. The FlexWeek platform eliminates the need for timeshare owners to bank unused weeks with existing high fee trading networks such as RCI and Interval International. FlexWeek is a true peer-to-peer network that empowers individuals to arrange travel with one another based on true supply and demand metrics.

FlexWeek is a pioneer in the global peer-to-peer (P2P) marketplace with the introduction of a unique platform that allows timeshare owners to discover, book and offer unused vacation time directly to the public and other timeshare owners. This approach eliminates the need for timeshare owners to use costly trading platforms while potentially reducing unused timeshare inventory.

For more information, visit www.flexweek.com

Let us hear your thoughts: FlexWeek, Inc. Message Board

FlexWeek, Inc. (FXWK) Eliminates Wasted Timeshare Inventory with Its Innovative and Efficient Marketplace

January 26, 2016

FXWK

Owning a timeshare has many benefits. It is a great way to enjoy a relaxing vacation spot in a luxurious, fully furnished condo instead of an expensive, cookie-cutter hotel room or resort. Also, it is a much more affordable way of adding a second home, so to speak, to your book of assets. Family vacations and private getaways are essential for people to maintain their sanity by escaping to an exotic location for some much needed rest and relaxation. Of course, there is a caveat to this, and that is the money wasted should you not be able to use your allotted paid-for vacation time. Enter FlexWeek, Inc. (OTC: FXWK), a global peer-to-peer marketplace that allows timeshare owners to discover, book, and offer unused vacation time directly to the public and other timeshare owners.

This is a fantastic and well thought out addition to the timeshare dynamic, because it reduces unused timeshare inventory by utilizing the FlexWeek marketplace. The average timeshare is only booked 79 percent of the year, according to the American Resort Development Association’s 2012 research survey. Whether or not a privately owned timeshare unit is used, the owner still has to pay annual maintenance fees, and most owners end up losing thousands of dollars in wasted paid-for vacation time over their ownership period.

With FlexWeek, an owner of unused paid vacation time can now offer their specific booked week for rent directly to the FlexWeek marketplace to recoup costs or even make a profit on the rental. The glut of unused timeshare inventory allows a potential renter to stay in a very nice condo for a fraction of what they would pay in hotel fees, making it a win-win for both the owner and the renter of the vacation time.

Everyone hates fees, and, apparently, FlexWeek took this into consideration when devising its business model. The company is similar to the very popular $20 billion business model of AirBNB, but FlexWeek is the first and only peer-to-peer marketplace exclusive to fractional vacation ownerships. With FlexWeek, there is no need for costly trading platforms such as Interval International or RCI. Instead, booking fees are charged to the renter of the vacation time, eliminating the cost to the private timeshare owner.

For more information, visit www.flexweek.com

Let us hear your thoughts: FlexWeek, Inc. Message Board

FlexWeek, Inc. (FXWK) Saving Timeshare Owners Thousands with Unique Peer-to-Peer Web Platform

January 19, 2016

FXWK

FlexWeek, Inc. (OTC: FXWK) builds shareholder value in the global peer-to-peer marketplace with a unique platform that is designed to enable timeshare owners to book and offer unused vacation time directly to other timeshare owners and the general public. The platform’s differentiator is that it bypasses the need for timeshare owners to use uneconomical trading platforms while potentially reducing unused timeshare inventory.

FXWK reaches its target market through its website and mobile application and is known to be the only peer-to-peer marketplace that caters exclusively to fractional vacation ownership. Traditionally, the model used for selling timeshares involved banking weeks with a trading company, such as Interval International or RCI, while charging the booking fees to the renter of the vacation time and removing the cost to the private timeshare owner.

According to the American Resort Development Association’s 2012 research survey, the average timeshare is only booked about 80% of the year. Whether or not a privately owned timeshare unit is used, the owner still has to pay annual maintenance fees, and most owners end up losing thousands of dollars in wasted paid-for vacation time over their ownership period. The Flexweek platform enables an owner of unused paid vacation time to offer their specific booked week for rent directly to the marketplace to save the cost or potentially make a profit on the rental. This unused inventory allows a potential renter to stay in a very nice condo for far less than they would pay in hotel fees. This scenario translates to a win-win for both the owner and the renter of the vacation time.

Flexweek is guided by a skilled management team possessing decades of experience operating businesses that acquire, rent, sell and transfer timeshares internationally. FlexWeek’s leadership has guided the company to eight-figure revenues within a year’s time and has experience scaling other models to financial success and/or acquisition with modest investment.

For more information, visit www.flexweek.com

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FlexWeek, Inc. (FXWK) Engages QualityStocks Corporate Communications Suite

January 14, 2016

FXWK

FlexWeek, a pioneer in the global peer-to-peer (P2P) marketplace with the introduction of a unique platform that allows timeshare owners to discover, book and offer unused vacation time directly to the public and other timeshare owners, today announced that it has engaged the Corporate Communications Services of QualityStocks. Based in Scottsdale, Arizona, QualityStocks has assisted more than 300 public companies with their efforts to broaden influence, attract growth capital and improve shareholder value over the past 9 years and 11 months.

“We’re heading into 2016 with a clear vision of our business strategy to penetrate the market with our revolutionary platform designed for a key niche in the travel and hospitality industries,” says FlexWeek CEO Kristopher Chavez. “A vital component of this strategy is focused on raising awareness of our brand while enhancing communication with our existing shareholders and potential investors. Our partnership with QualityStocks is instrumental in achieving these initiatives.”

Under the agreement, QualityStocks will strategically leverage its network of partners, daily and weekly newsletters, social media channels, blog and other outreach tools to relay FlexWeek’s corporate message and progress to the investment community.

“FlexWeek has shared with us its exciting plans for the upcoming year, and we’re honored to assist the company in achieving its communication and outreach needs to fulfill this vision,” says QualityStocks Managing Director Michael McCarthy. “The company is trailblazing its target market and we look forward to playing a part in helping this exciting company reach its corporate communication goals.”

For more information, visit www.flexweek.com

Let us hear your thoughts: FlexWeek, Inc. Message Board

FlexWeek, Inc. (FXWK) is “One to Watch”

January 11, 2016

FXWK

FlexWeek, Inc. is a pioneer in the global peer-to-peer (P2P) marketplace with the introduction of a unique platform that allows timeshare owners to discover, book and offer unused vacation time directly to the public and other timeshare owners. This approach eliminates the need for timeshare owners to use costly trading platforms such as Interval International or RCI, while potentially reducing unused timeshare inventory.

FlexWeek’s P2P website (www.FlexWeek.com) and mobile application is similar to AirBNB’s $20 billion approach to the travel industry, but is the first and only P2P marketplace exclusive to fractional vacation ownerships. FlexWeek differs from the existing model, where timeshare weeks must be “banked” with a trading company such as Interval International or RCI, and instead charges the booking fees to the renter of the vacation time, eliminating the cost to the private timeshare owner.

The FlexWeek platform also addresses another specific industry challenge. The average timeshare is only booked 79% of the year, according to the American Resort Development Association’s 2012 research survey. Whether or not a privately owned timeshare unit is used, the owner still has to pay annual maintenance fees, and most owners end up losing thousands of dollars in wasted paid-for vacation time over their ownership period. With FlexWeek, an owner of unused paid vacation time can now offer their specific booked week for rent directly to the FlexWeek marketplace to recoup cost or even make a profit on the rental. The glut of unused timeshare inventory allows a potential renter to stay in a very nice condo for a fraction of what they would pay in hotel fees making it a win-win for both the owner and the renter of the vacation time.

Led by founder Kristopher Chavez, who has more than 10 years of experience operating businesses that acquire, rent, sell and transfer timeshares internationally, FlexWeek’s management team will leverage its collective expertise to facilitate the company’s direction and growth in this new market. FlexWeek’s leadership has founded rapidly growing sales organizations generating 8-figure revenues within a year’s time, and has experience scaling other models to financial success and/or acquisition rapidly with limited investment.

For more information, visit www.flexweek.com

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