Livento Group, Inc. Announces Share Buyback and Land of Bad Update

Rhea-AI Summary

Livento Group, Inc. (OTC Pink:NUGN) has announced a significant share buyback of 90 million shares, representing nearly 11% of its total outstanding shares. This strategic move is part of a broader initiative to reduce the company's share count and restructure its share structure more effectively. The buyback demonstrates Livento Group's commitment to enhancing shareholder value and reflects the company's strong performance and positive outlook.

Additionally, Livento Group's subsidiary, Boxo Productions, has achieved a major milestone with its film "Land of Bad" reaching the number one spot for streaming on Netflix. This success highlights the quality of Boxo Productions' content and reinforces Livento Group's position in the film and content sectors.

Positive

• Executed a share buyback of 90 million shares (11% of total outstanding)
• Subsidiary's film "Land of Bad" reached #1 on Netflix streaming
• Plans for further share reductions to enhance shareholder value
• Strong performance and positive outlook indicated by management

Negative

• None.

NEW YORK, NY / ACCESSWIRE / July 22, 2024 / Livento Group, Inc. (OTC Pink:NUGN), is a dynamic leader specializing in the acquisition and development of companies with disruptive business models in film, content, and technology sectors.

Alongside Livento Group, CEO David Stybr and CIO Misha Henriksen are thrilled to announce that Livento Group has successfully executed a buyback of 90 million shares, representing nearly 11% of its total outstanding shares. This strategic move marks the beginning of a broader initiative to reduce the company's share count and restructure its share structure more effectively. This action underscores Livento Group's commitment to enhancing shareholder value and reflects the company's strong performance and positive outlook. As we continue on this path, we anticipate further share reductions, reinforcing our confidence in Livento Group's ongoing success and future growth trajectory. We value our shareholders and thank you all for being a part of the Livento family.

Boxo Productions

On another note, Livento Group's subsidiary, Boxo Productions, is thrilled to announce that our film "Land of Bad" has reached the number one spot for streaming on Netflix. This remarkable achievement is a testament to the hard work and dedication of our talented team, from the visionary directors, co-producers, and skilled actors to the tireless crew behind the scenes. We are incredibly proud of the film's success and grateful for the overwhelming support from our audience. This milestone not only underscores the quality of our production but also motivates us to continue creating compelling and engaging content for viewers worldwide.

Contact:

David Stybr, CEO
Livento Group, Inc.
ir@liventogroup.com

Livento Group | LinkedIn | Twitter

Boxo Productions | LinkedIn | Twitter | Instagram | Facebook

Global Dot Logistics | LinkedIn | Twitter

Safe Harbor Statement:

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements as predictions, projections, or references to future events and expectations, possibilities, or similar. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. Although the Company believes the expectations reflected in our forward-looking statements are based on reasonable assumptions, the Company is unable to give any assurance that its expectations will be attained due to several variable factors. Factors or events that could cause actual results to differ may emerge, and it is impossible for the Company to predict all of them. Some of these risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, in customer order patterns, changes in consumer trends, and various other factors beyond the Company's control. Although the Company intends to provide public updates, it undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

SOURCE: NuGene International, Inc.

View the original press release on accesswire.com

FAQ

How many shares did Livento Group (NUGN) buy back in July 2024?

Livento Group (NUGN) bought back 90 million shares, representing nearly 11% of its total outstanding shares, in July 2024.

What is the purpose of Livento Group's (NUGN) share buyback program?

The purpose of Livento Group's (NUGN) share buyback program is to reduce the company's share count, restructure its share structure more effectively, and enhance shareholder value.

Which Livento Group (NUGN) subsidiary produced the film "Land of Bad"?

Boxo Productions, a subsidiary of Livento Group (NUGN), produced the film "Land of Bad".

What streaming achievement did Livento Group's (NUGN) film "Land of Bad" reach in July 2024?

Livento Group's (NUGN) film "Land of Bad" reached the number one spot for streaming on Netflix in July 2024.