Livento Group’s ($NUGN) Shareholder Update for 2023-2024

Rhea-AI Summary

Livento Group reports strong financial growth and market expansion in their annual update. Total assets increased from $23,197,321 to $46,673,539 between March and June 2023. The company successfully entered new markets in Europe and Africa with the introduction of GDL and the launch of their A.I/Robotics program Novelti. Livento Group's Fintech product, Elisee, outperformed the DJIA by 3.17% this year. Despite challenges such as economic shifts and disruptions due to strikes, Livento Group has transformed them into growth opportunities.

Positive

• Livento Group's total assets increased by 101.6% from $23,197,321 to $46,673,539 between March and June 2023.
• The company successfully entered new markets in Europe and Africa with the introduction of GDL and the launch of their A.I/Robotics program Novelti.
• Livento Group's Fintech product, Elisee, outperformed the DJIA by 3.17% this year.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / October 24, 2023 /

Dear Shareholders,

I'm pleased to update you on our company's achievements over the past year. In the face of unique challenges in 2022, 2023 saw us taking significant steps forward. We've concentrated our efforts on financial growth, innovation, market reach, and adeptly handling both challenges and opportunities.

Financial Performance:

Our financial position remains strong. We witnessed a notable increase in total assets from $23,197,321 to $46,673,539 between March and June 2023. This impressive rise is largely due to strategic decisions within Boxo Productions, covering a broad spectrum of over 50 films, documentaries, TV projects, and gaming endeavors.

Market Expansion:

Our global expansion initiatives have yielded positive results, as we successfully entered new markets in Europe and Africa with the introduction of GDL and the launch of our A.I/Robotics program Novelti. We are actively pursuing additional growth opportunities to fortify our long-term resilience. Furthermore, we are moving forward with 211c and our application for OTCQB and anticipate making significant progress in the coming months.

Innovation and Diversification:

Innovation, paired with a commitment to diversification, is crucial for the Livento Group. Our investments span various areas: from BOXO Productions to backing a notable IPO on Nasdaq in the warehousing and logistics domain, and bolstering our A.I/Robotics ventures.

Moreover, our Fintech product, Elisee, has produced commendable results, outperforming the DJIA by 3.17% this year.

Challenges and Opportunities:

The dynamic nature of the business world has presented us with various challenges, ranging from economic shifts, disruptions due to writer and actor strikes, to geopolitical uncertainties. Yet, we've successfully transformed these challenges into growth opportunities. A case in point is our sustained film and content production in Europe at a time when the U.S. market faced disruptions. We're proud to share that many of our productions, like "The Black Demon," have climbed to the top of streaming charts, showcasing our adeptness in maneuvering through challenges and finding high quality projects. Livento Group's varied business domains are well-poised to tackle economic challenges.

Your unwavering trust and support have been pivotal for us. Your belief in our direction spurs us on. United, we envision a prosperous future for Livento Group.

Warm regards,

David Stybr
CEO, Livento Group

About Livento Group, Inc.

Livento Group (OTC Pink:NUGN) is committed to acquiring and developing companies with disruptive business models. The company has recently launched BOXO Productions, a film, and television production subsidiary, helmed by top industry actors and producers. For further information on Livento Group and BOXO Productions, please 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.

For more information, please contact:

David Stybr
Chief Executive Officer, Livento Group, Inc.
ir@liventogroup.com

PR & Media Contact
Douglas Messer
Doug@914ventures.com

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SOURCE: Livento Group, Inc.

View source version on accesswire.com:
https://www.accesswire.com/796024/livento-groups-nugn-shareholder-update-for-2023-2024

FAQ

What is the financial performance of Livento Group?

Livento Group witnessed a notable increase in total assets from $23,197,321 to $46,673,539 between March and June 2023.

What markets did Livento Group enter?

Livento Group successfully entered new markets in Europe and Africa with the introduction of GDL and the launch of their A.I/Robotics program Novelti.

How did Livento Group's Fintech product perform?

Livento Group's Fintech product, Elisee, outperformed the DJIA by 3.17% this year.

What challenges did Livento Group face?

Livento Group faced challenges such as economic shifts and disruptions due to strikes, but they successfully transformed them into growth opportunities.