LIMITLESS VENTURE GRP INC - LVGI STOCK NEWS

Limitless Venture Group, Inc. (LVGI) is nearing the completion of its due diligence to acquire a majority interest in a Third Party Administrator (TPA) by June 30, 2021. CEO Joseph Francella expressed excitement about reviewing the financials and collaborating with the current owner to enhance business growth. The acquisition aims to integrate LVGI’s subsidiary, Jasper Benefits Solutions, in providing customized health plan management and stop-loss coverage, positioning LVGI as a significant entity in the employer-sponsored healthcare sector.

Limitless Venture Group, Inc. (OTC PINK:LVGI) reported record revenues of $539,230 for the fiscal year 2020, a significant increase from $54,206 in 2019. This growth occurred during the COVID-19 pandemic, highlighting the effectiveness of its subsidiaries' management teams. CEO Joseph Francella projected that 2021 could see revenues near $10 million due to ongoing negotiations for acquisitions and expansions with subsidiaries like Rokin and KetoSports. The company aims to leverage its partnerships for future growth opportunities.

Limitless Venture Group (OTC PINK: LVGI) announced record quarterly revenues thanks to a major deal with a cannabis company, projecting annual revenues exceeding $3.5 million. This collaboration involves the purchase of over $450,000 in cartridges annually. The launch of Rokin's new product, the Stinger dab straw, has also generated significant interest, with pre-sales already sold out. The company reports a projected revenue increase of over 300% compared to its best year in 2019, indicating strong growth potential for Rokin and LVGI.

Limitless Venture Group, Inc. (LVGI) announced its intention to acquire a majority interest in a Third Party Administrator (TPA), marking its second acquisition in the TPA and MGU marketplace valued at over $200 billion. CEO Joseph Francella expressed optimism over potential annual revenues of approximately $55 million from managing 104,000 employee lives. The acquisition aims to enhance LVGI's capacity to offer tailored healthcare solutions while managing costs for employers. The company plans to finalize the acquisition by early April 2021 and pursue additional TPA partnerships throughout the summer.

Limitless Venture Group, Inc. (OTC PINK:LVGI) announced a change in its fiscal year-end from June 30 to December 31. This change aligns with its subsidiaries' fiscal years, which is expected to streamline financial reporting. The Company anticipates reporting record revenues exceeding $211,000 for the fourth quarter ending December 31, 2020. CEO Joseph Francella indicated that Rokin, Inc.'s product sales are driving this revenue growth, while future contributions are expected from Jasper Benefit Solutions and KetoSports.

Limitless Venture Group, Inc. (LVGI) announced a consulting agreement with Nexus Insurance Marketing Group to enhance its strategy in the health insurance sector. The partnership aims to leverage Nexus's expertise in Third-Party Administrators (TPAs) to optimize operational efficiency and market capitalization. LVGI plans to manage 104,000 lives, targeting $55 million in annual revenue and $30 million in net revenues over the next three years. Additionally, subsidiary Rokin Vapes reported a revenue surge of $90,000 in November 2020, doubling its performance since 2019.

Limitless Venture Group, Inc. (OTC PINK:LVGI) announced the acquisition of a majority interest in Jasper Benefit Solutions LLC, a Managing General Underwriter specializing in risk management for small to medium self-funded employer groups. This strategic move aims to tap into a $30 billion market opportunity in the US Mid-Atlantic region. LVGI expects Jasper to achieve over $1 million in revenue within the first year and grow significantly over the next few years, aiming for $36 million in business. The company will invest an initial $500,000 for Jasper's expansion.

Limitless Venture Group (LVGI) has signed a term sheet to acquire a majority interest in a Managing General Underwriter (MGU), marking its entry into the $200+ billion MGU and Third Party Administrator (TPA) market. The acquisition aims to enhance LVGI's footprint in employer-sponsored healthcare. CEO Joseph Francella highlighted that its subsidiary, Rokin Inc., is expected to surpass last year's quarterly revenues despite the ongoing COVID-19 impact. Additionally, Rokin has expanded its operations with new inventory, while KetoSports plans a rebranding to better compete in the market.

Limitless Venture Group, Inc. (LVGI) announced record revenues for the fiscal year 2020, attributed solely to its recently acquired subsidiary, Rokin Inc. The CEO stated that the upcoming quarter will surpass these figures following the acquisition of KetoSports. A $100,000 marketing campaign is set to elevate both subsidiaries' market profiles, despite earlier sales declines due to COVID-19. The company emphasized commitments to shareholder value through lock-up agreements and transparency in reporting its annual financial statement to remain Pink Current on OTC Markets.