AmaZix Partners with Timeless Luxury Group to Introduce a Digital Security Offering (DSO) for High-End Hideaway Properties and Resorts
Hong Kong — April 9th, 2019 — Blockchain advisory firm AmaZix is pleased to announce a partnership with Timeless Luxury Group AG, a company specializing in providing luxury experiences, chiefly through its unique Timeless Hideaways vacation properties and a planned Resort.
This is also an opportunity to participate in the planned development of Timeless through its DSO, which will be the first offering in the United States using an SEC-registered Transfer Agent for the issuance and custody of digital securities.
Escape to uncompromising indulgence in unique destinations
The Timeless vision of restful retreats in idyllic locations far from the madding crowd is best pictured on two existing “Timeless Hideaway” concept properties: the luxury Chalet Wilder Kaiser and the villa Zell am See in Austria, currently owned and operated by entities whose CEO (and majority shareholder) also serves as CEO of Timeless Luxury Group AG.
Timeless seeks to tastefully combine luxury and comfort with functionality and tranquility, to create a relaxing experience for discerning travelers.
“The business has been successfully demonstrated and proofed through the concept properties Wilder Kaiser and Zell am See. After analyzing and optimizing them, we expanded the scope and are developing a strong project pipeline. We have identified up to 41 potential new hideaway properties along with a planned resort and we are now seeking to raise capital of up to USD100 million through the DSO to acquire and develop these,” said Michael Gössl, founder and CEO of Timeless.
Gössl added: “We are happy to have taken on AmaZix as our partners in this effort, and rely on their expert advice and experience in the industry to help us achieve our offering objectives. Thanks to their outstanding record in community engagement as well, we believe that this opportunity will reach the right people.”
“Timeless is precisely the reason we at AmaZix love to work in this space — to get the chance to partner with such unique opportunities. The business model is as unique as the fundraising model in this case, with a compliant DSO being the vehicle. AmaZix believes in programmable, regulatory-compliant digital securities, and we are very pleased to be associated with one of the first to strike a path in this direction,” said Jonas Karlberg, CEO of AmaZix.
A securities offering for international and US accredited participants
The Timeless DSO is launched with US-registered broker dealer TriPoint Global Equities, LLC. The offering is an ERC20-standard token on the Ethereum platform, assigned the name TMLS Tokens (TMLS).
TMLS will be available directly at www.banq.co/listings/timeless. Timeless will offer a maximum of 100 million (100,000,000) TMLS at a base price of USD1.00 per token. Minimum participation is set at USD1,000 or 1,000 TMLS.
TMLS Tokens are issued in accordance with the Ethereum ERC-20 standard in the United States, pursuant to the exemption from registration under the Securities Act provided by Regulation D, Rule 506(c) and to international investors using Regulation S. The Reg D 506(c) DSO will be offered and sold to accredited investors only. This DSO will be the first offering in the United States to use an SEC Registered Transfer Agent for the issuance and custody of digital securities by engaging New York City based Vstock Transfer, LLC powered by www.custodyware.com.
An opportunity for a stake in luxury lifestyle enterprise
TMLS offer investors the opportunity to participate in the planned development of the Company, by providing a right to earn a specified percentage of certain future Company profits.
TMLS holders are entitled to receive 40% of the earnings before taxes, depreciation and amortization (“EBTDA“) per annum from the business segments Timeless Hideaways and Timeless Resorts. Additionally investors get 10% of all revenues of the other three divisions of the company, Timeless Yachts, Timeless Selection and the planned global franchise concept (if and when such profits and revenues are earned). As a bonus, holders of at least 1,000 TMLS will receive a discount of 20% on bookings of Timeless Hideaways or Timeless Resorts.
“We believe we are on the starting ramp of a dynamic growth path and want to use funds from the DSO to grow Timeless together with our investors”, emphasized Gössl.
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Management Statement
While the launch focus is on these luxury vacation properties called TIMELESS HIDEAWAYS and TIMELESS RESORTS, as part of this process, if the Company raises a minimum of USD 1 million, it expects that its CEO will transfer the operation and management of the two concept properties, TIMELESS HIDEAWAY Wilder Kaiser and TIMELESS HIDEAWAY Zell am See, as well as the divisions TIMELESS YACHTS and TIMELESS SELECTION, which are currently operated (as separate divisions) by separate entities that are majority owned by the CEO, to the Company. TIMELESS YACHTS operates a yacht, called the Ocean Club, that was first presented at the international boat show in Düsseldorf in 2017 and is currently chartered out in Mallorca, Spain. TIMELESS SELECTION provides high-quality spirits, wines and cigars under one licensing agreement with one supplier for guests of the Concept Properties and for online sales. After the anticipated transfer, if Management is successful in developing the TIMELESS SELECTION portfolio, they plan to expand their offering to wholesalers and retailers in the future. Profits, if any, from the Hideaways and/or Resort will be used to fund these divisions. As of the date of this Press Release, the Company does not currently own any assets, including properties. Currently there is only a verbal agreement regarding the transfer of such rights and Assets to the Company; therefore, the transfers described above may never occur.
Safe Harbor Statement
This release may include “forward-looking statements” with the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and are intended to be covered by the safe harbor provisions for forward looking statements. All statements, other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, many of which are outside of the Company’s control. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. This summary is not an offer to sell, or the solicitation of an offer to purchase, Timeless tokens in any jurisdiction where such offer or sale would be prohibited. The security tokens are highly speculative and involve a high degree of risk. If the Company does not receive the maximum amount of $100 million in the referenced offering, they will most likely be unable to fully carry out their plans to develop 41 hideaway properties and one resort property. In addition, if they do not receive at least $33million and are unable to secure bank financing for development and construction costs associated with the first 15 planned properties, then they would also be unable to develop their business plans. As such, the Timeless tokens offered are highly speculative and involve a high degree of risk. Investors should only purchase these security tokens if they can afford to lose their entire investment.
For more information, please contact:
Press Contact
Kirchhoff Consult AG
Borselstrasse 20
22765 Hamburg, Germany
P: +49 40 609 186 34
