Apr 15 / 2019

AmaZix seal deal with Timeless Luxury Group

DSO sets new standards on the blockchain for security and compliance

by Gerald Fenech

Blockchain advisory firm AmaZix is pleased to announce a partnership with Timeless Luxury Group AG, a company specialising 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.

ai blockchain AmaZix seal deal with Timeless Luxury Group
A Timeless Luxury Group property.

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 Seein 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 tranquillity, to create a relaxing experience for discerning travellers.

Speaking exclusively, the CEO of Timeless Michael Gossl explained that this DSO sets new standards on the blockchain for security and compliance.

“During the preparation of our DSO, it was of utmost importance for us to create a very attractive investment offering for our investors and a DSO that sets new standards in terms of compliance, security and processing. Therefore we only work with the best partners when implementing the offering. AmaZix with its enormous experience in marketing blockchain projects is one of the players that fits perfectly into our top-class team!” Gossl said

“The business has been successfully demonstrated and proofed through the concept properties Wilder Kaiser and Zell am See. After analysing and optimising 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 further added that they were 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.”

We also spoke to Jonas Karlberg, CEO of AmaZix  who further added that they are seeing more companies opting for the DSO route.

“We are seeing more organisations pursue the route of fundraising through DSOs and tying their securities to real assets, because these are not as affected by market speculation and other crypto assets, like Bitcoin is, for example. It also enables businesses to raise capital in a manner that is compliant with the various demands of financial markets authorities globally.”

“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,” he added.

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).

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.

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 amortisation (“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.

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