Livento Group is taking the lead in providing environmental technology with the Euro Dot project

Rhea-AI Summary

NuGene International, Inc. (OTC Pink: NUGN) has announced significant progress on its Euro Dot project, which aims to establish a holding company through a reverse merger with a European entity. This initiative focuses on eco-friendly logistics solutions, targeting a combined company value of USD 70 million. The merger is expected to complete in October, with further acquisitions planned within 6-12 months, potentially increasing Livento Group's stake from 15% to a larger share. Livento Group specializes in disruptive business models, including film production.

Positive

• Euro Dot project progressing towards a reverse merger, targeting a company valuation of USD 70 million.
• Focus on eco-friendly logistics solutions may attract environmentally conscious investors.
• Potential increase in Livento Group's stake from 15% to a greater position post-acquisition.

Negative

• None.

New York, NY, Sept. 22, 2022 (GLOBE NEWSWIRE) -- NuGene International, Inc./Livento Group, Inc. (OTC Pink: NUGN) announced today that the Euro Dot project is coming closer to being fully realized. Euro Dot is a holding company that will be listed on one of the major world stock exchanges through a reverse merger. The company is committed to tailored business solutions and environmentally friendly practices, focusing on green and environmental transformation within the logistics industry and new technologies.

"The lack of an online tool that customers can use to model the ideal logistics solution is a significant limitation in today's market. With our online service, we want to provide them with an easy-to-use system that helps them find the most cost-effective and eco-friendly solution for their transportation needs," stated David Štýbr, CEO and Founder of Livento Group.

Euro Dot will through a reverse merger with a company on a European stock exchange and a technology company. These two companies are the first steps in the process of becoming a listed vehicle with a value of USD 70 million, with initial targets delivering a combined value of USD 25 million.

Other companies will be acquired or merge with Eurodot within 6-12 months after the initial reverse merger is complete and Livento Group will have an acquisition fee paid for in shares, increasing its position in the final holding from an initial 15%. With the technology shift in the industry, many companies focus on improving their performance while supporting more efficient and environmentally cleaner products and services.

The merger process is now in a stage of final target’s audits and starts effectively during October, and the names of the companies will be announced at that time. As the listed company is a shell, there will be a possibility for investors to buy the shares at an early stage and participate in the holding development.

Livento Group (OTC Pink: NUGN) specializes in acquiring and developing companies with disruptive business models. The company is focused on film production and portfolio management. BOXO Productions, its recently launched film and television production subsidiary, is led by top actors and producers in the industry. For more information, visit www.liventogroup.com and www.boxoproductions.com.

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.

David Štýbr, CEO
Livento Group Inc
ir@liventogroup.com
https://www.liventogroup.com/
https://www.boxoproductions.com/
https://www.facebook.com/BoxoProductions/
https://www.linkedin.com/company/boxo-productions/
https://twitter.com/BoxoProductions

FAQ

What is the Euro Dot project announced by NuGene International?

The Euro Dot project is aimed at establishing a holding company through a reverse merger with a European entity, focusing on eco-friendly logistics.

When is the reverse merger for Euro Dot expected to be completed?

The reverse merger is expected to be completed in October.

What is the targeted valuation for the Euro Dot company after the merger?

The targeted valuation for the Euro Dot company is USD 70 million.

How much stake will Livento Group initially hold in Euro Dot?

Livento Group will initially hold a 15% stake in Euro Dot.

What are the future plans for Euro Dot after the reverse merger?

Euro Dot plans to acquire or merge with additional companies within 6-12 months after the initial merger.