BRISBANE, Australia – 22 June 2021: Brisbane-based homestay and technology solutions company, MyStay International (MSI), is opening the door for its hosts and other everyday Aussies to join the MSI family on its journey to ‘Unite, Recover and Invest for the Future’.
MSI plans to raise between $500,000 and $1 million by selling shares in the business at $0.51 per share, giving Australians the chance to invest in a well-established home-grown enterprise.
The capital raise is set to launch on 30 of June on ‘Equitise’, one of Australia’s leading and trusted investment platforms.
The company is seeking funds to diversify their business by building priority accommodation and support programs relating to Connectedness, Health, Tourism and Student Safety.
MSI’s growth strategy includes consolidating and expanding on its successful international student homestay business – which began with the formation of the now iconic Australian Homestay Network in 2007 – to address domestic social issues while boosting local and national economies.
Its Australian homestay operation has managed over 62,000 personal exchanges between its nationwide network of hosts and their guests since 2008.
MSI Founder and Executive Director, David Bycroft, confirmed a pre-commitment of $50,000 to kick off the capital raise which has already passed $100,000 prior to launch through a shareholder Rights Issue.
“I am excited by the new projects we are developing and the significant benefits they offer to the broader community,” Mr Bycroft said.
“MSI has received firm support from our existing shareholders and hosts to embark on this journey.
“We are in an excellent position to extend our offerings across Australia, drive the business forward and do our bit to help the country bounce back from the fallout of COVID-19.”
One of the first projects MSI is launching in 2021 will be a strategy to assist eligible participants of the National Disability Insurance Scheme (NDIS) with their accommodation, support options and independent living skills.
“We’ve established that MSI’s homestay model can be carefully and deliberately adapted to improve options for NDIS participants, offering more choice as they build stronger links with communities and achieve their goals,” Mr Bycroft said.
MSI is offering internal networks up to 1,960,785 ordinary shares to investors with a minimum buy-in of $1,020 for 2,000 shares ($0.51 per share).
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