Limitless Venture Group, Inc. (OTC PINK: LVGI) Completes $750,000 Financing For Corporate Expansion

Rhea-AI Summary

Limitless Venture Group, Inc. (OTC PINK:LVGI) announced the closing of a $750,000 convertible note through Craft Capital Management. The funds will support the acquisition of a majority interest in KetoSports, Inc. and hire a marketing team to enhance sales. KetoSports specializes in keto-friendly energy supplements. Additionally, LVGI plans to engage an investor relations firm to strengthen connections with investors. CEO Joseph Francella emphasized the financing will facilitate growth and help achieve future acquisitions.

Positive

• Closed a $750,000 financing, providing necessary capital for acquisitions.
• Acquisition of KetoSports enhances LVGI's market presence in health supplements.
• Plans to hire a marketing team to boost sales for KetoSports and Rokin products.
• No major dilution of shares from the current financing.
• Exploration of potential acquisitions in the health and wellness sector.

Negative

• None.

TULSA, OK / ACCESSWIRE / August 18, 2020 / Limitless Venture Group, Inc. ("Limitless") (OTC PINK:LVGI) today announced it has closed on a $750,000 convertible note through Craft Capital Management, LLC, a New York Broker Dealer and Investment Bank. These funds will be used to finalize the acquisition of a majority interest in KetoSports, Inc., to hire a marketing team to increase internet awareness and sales for both KetoSports and our subsidiary Rokin products, to retain an investor relations and press release firm to assist LVGI with ongoing communications in order to strengthen our ties with the investment community, and expand LVGI and its current and future subsidiaries.

KetoSports, Inc., based in Illinois, is synonymous with effective energy and health supplementation. The company began marketing its flagship keto product, KetoForce, in the USA in 2012. For those who consume carbohydrates, ketones act as an immediate fuel source, delaying the use of glucose for energy until ketones are low and/or depleted. This means that energy is prolonged for a substantially longer period-of-time. KetoSports, Inc. products contain no dairy, no animal byproducts, no lactose, no gluten and are free from artificial colors, sweeteners and flavors; they are U.S. made and Paleo & Keto-Friendly.

Rokin, Inc. founded in 2016 in Nevada, provides its customers with the highest quality, technology-driven vaping products available for the cannabis and cbd markets. The company's goal is to gain market share in vaping by providing users with high value, superior performing products at affordable prices.

Joseph Francella, CEO of Limitless, said, "the close of this financing enables our company to complete the acquisition of both KetoSports, Inc. and Rokin. Both of these companies are poised to grow, thanks to their continued acquisition of significant market share in their respective niche industries, both of which are booming. Over the last few years, we have been working with Craft Capital on a relationship that will position us to obtain the capital for both these two acquisitions, as well as future acquisitions. Our first round of financing, a convertible note, has been completed without any major dilution of shares. We are now ready to hire a marketing team to grow sales at both companies. In addition, we are interviewing auditing firms, so we can ultimately become a fully reporting company and uplist our security to an exchange. This will provide LVGI with more visibility and prestige, as our goals is to attract and acquire additional profitable companies to complement our vision and mission."

Devon Diaz, COO of Limitless, said, "closing the deal with KetoSports is monumental and, along with Rokin, creates a profitable foundation for additional acquisitions. We are looking at a number of strong prospects in the health and wellness space. I am excited to be a part of this amazing team and I am looking forward to building a strong company with excellent shareholder value ."

About Limitless Venture Group, Inc.

Limitless Venture Group, Inc. (LVGI) is a holding company that produces, distributes and markets various product lines through its subsidiaries with a non-stop vision of expansion through additional majority acquisitions.

About Rokin, Inc.

Rokin was founded in 2016 with a mission to provide our customers with the highest quality, technology-driven vaping products available while providing exceptional customer service. Rokin Vapes are rigorously tested by Rokin and multiple consumer focus groups to ensure the products meet strict quality standards before any production takes place. After a product is selected and production complete, the product is certified to the latest FCC, CE standards (which are required for all vaping products) but then Rokin goes above and beyond to certify our vaping products to the latest RoHS standard, which restricts the use of six hazardous materials commonly found in electronic products.

About KetoSports, Inc.

KetoSports products flush the body with ketones, raising blood ketone levels within a few minutes. Because the body and brain use ketones as its preferred energy source and are used first for energy demands, KetoSports products are essential for anyone who wants to prolong energy reserves for their athletic events or for those who just want to benefit from carb-free, stimulant-free mental energy and enhanced acuity.

For additional Info please visit: www.rokinvapes.com, www.ketosports.com, www.lvginc.com

Forward-Looking Statements:

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts, including, without limitation, statements that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development, may be deemed to be forward-looking statements. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analysis and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of the release. Except as may be required under applicable law, we assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.

Contact Details:

info@lvginc.com
+918-671-9935

SOURCE: Limitless Venture Group Inc.

View source version on accesswire.com:
https://www.accesswire.com/602211/Limitless-Venture-Group-Inc-OTC-PINK-LVGI-Completes-750000-Financing-For-Corporate-Expansion

FAQ

What is the recent financing amount closed by Limitless Venture Group (LVGI)?

Limitless Venture Group closed a $750,000 convertible note.

What company is Limitless Venture Group acquiring with the new funding?

LVGI is acquiring a majority interest in KetoSports, Inc.

How will Limitless Venture Group use the $750,000 from the financing?

The funds will finalize the acquisition of KetoSports, hire a marketing team, and retain investor relations services.

What is KetoSports known for?

KetoSports is known for its keto-friendly energy supplements, particularly the product KetoForce.

What are the future plans of Limitless Venture Group after this financing?

LVGI aims to pursue additional acquisitions and become a fully reporting company.