Metrospaces Sells Key Technology Assets to Genesis Holdings in Corporate Restructuring

Metrospaces, Inc. (OTC: MSPC) has announced a significant corporate restructuring through a Letter of Intent with Genesis Holdings, Inc. (OTC: GNIS) to sell two of its core technology assets. The agreement involves transferring MetroCrowd, the company's blockchain-based real estate tokenization platform, and MetroHouse, its AI-powered property management software, to Genesis Holdings in exchange for $1 million in convertible preferred stock. This transaction represents a fundamental shift in Metrospaces' corporate strategy and establishes what the company describes as the first true value-based path to rebuilding its operations.

The sale of these two platforms, which had been developed but never launched due to financial constraints, allows Metrospaces to monetize valuable intellectual property while ensuring the technologies will be activated under the Genesis umbrella. Genesis Holdings, characterized as a dynamic entrepreneurial company, will now house and relaunch both MetroCrowd and MetroHouse in the coming weeks, serving as a publicly traded operational partner aligned with Metrospaces in developing these assets. This arrangement creates a symbiotic relationship where both companies benefit from the shared technology platforms while maintaining distinct corporate identities and operational focuses.

Following this strategic divestiture, Metrospaces will retain its flagship project, Abode Stays, a premium hospitality platform focused on high-end short-term residences across Europe and the Americas. The company now positions itself to reemerge with enhanced access to funding, a refined business plan, and a clear path to full relaunch. The transaction structure includes the appointment of Metrospaces CEO Oscar Brito as CEO of Genesis Holdings once the deal closes, ensuring operational transparency and synergy across both organizations. This leadership alignment is designed to create operational clarity, cost efficiency, and a united approach to executing both companies' strategic missions.

The agreement represents a pivotal moment for Metrospaces shareholders who have endured a challenging journey with the company. The transaction provides immediate value through the convertible preferred stock while maintaining exposure to the potential upside of the transferred technologies through the shared leadership structure. The company emphasizes that this restructuring creates a foundation for sustainable growth and operational stability, moving beyond previous financial constraints that prevented the launch of its developed technologies. The successful negotiation and closing of a definitive agreement remain subject to standard corporate approvals and due diligence processes.