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Limitless Venture Issues Letter to Shareholders on the Road Ahead
Tuesday, January 12, 2021 9:25 AM
TULSA, OK / ACCESSWIRE / January 12, 2021 / (OTCMKTS:LVGI) Limitless Venture Group, Inc. ("Limitless", "LVGI", or the "Company"), a publicly-traded holding company that provides its shareholders with access to investment opportunities in small and medium-sized businesses uniquely positioned for rapid growth, issues the following Letter to Shareholders on behalf of the CEO:
Dear Valued Shareholder,
Allow me to begin by expressing deep gratitude to all of our shareholders for your loyalty, patience, and commitment. Today, I would like to provide you with a more thorough and detailed understanding of our vision, our current status, further insights into our emerging model, what we have recently accomplished, and what we are focused on achieving next.
First off, we are extremely excited about the path in front of us after making several significant majority acquisitions over the past year. Those moves have already begun to pay off. While we did see new Company record revenues in our quarter ending September 30, 2020, we believe we are heading for scaling growth as our roll-up strategy in the healthcare benefits space picks up steam in 2021.
To briefly recap recent events, we have closed on three majority acquisitions since our strategic shift early last year.
Our first two moves were centered in the broad arena of supplements and wellness, beginning with Rokin Inc. and KetoSports, Inc., which were both closed before the end of summer last year.
Closing the Rokin deal solidified our ability to raise capital on preferential terms, which allowed us to close the KetoSports deal. Those acquisitions propelled the Company to new record financial performance, which provided us with the financial relationships and foundation necessary to power our aggressive entrance into a $250 billion healthcare market segment - specifically, our roll-up strategy in the rapidly growing employer-sponsored health and wellness benefits space, where we see enormous promise and a lack of prohibitive competition.
To both de-risk and expedite our strategy in the benefits space, we partnered with an industry executive and entrepreneur, Jason Bennett, CEO of gsd.health, a consulting and innovation company, to consult on strategy as well as provide deal flow advisory and business development services. Subsequently, we closed our first acquisition as part of this strategy (Jasper Benefit Solutions, LLC) early last month through an equity and capitalization agreement. Jasper is a Managing General Underwriter (MGU) specializing in risk management services for small to medium self-funded employer "Groups".
We are actively engaged with two (2) prospect acquisition targets in the same broad space, and we have the financial backing to allow us to proceed with fresh deals and continue to scale this strategy. Our goal right now is to close one new high-quality acquisition in line with this strategy each quarter over the next thirty-six months and beyond.
Our recent strategic partnership with Nexus Insurance Marketing Group, LLC, is another strong piece of that puzzle. As I recently outlined, we have a three-year topline projection for this space of acquiring 104,000 employee-lives under management. Based on our analysis, that has the potential to generate annual revenues of approximately $55 million.
We also continue to be excited by the performance potential of both Rokin and KetoSports. Each is positioned to increase market share in a high growth industry, and each has already demonstrated positive trends. Rokin has outperformed our initial expectations despite a miserable macro environment over the past year, while we are rebranding KetoSports to be the industry leader once again.
With positive top-down factors in front of us this year, including additional anticipated stimulus and a more normalized operating environment following widespread vaccine distribution, we anticipate continued robust growth from these enterprises, which will further solidify our financial foundation as we invest in future growth and expansion.
Finally, once again, we are grateful for your commitment and patience as we navigate this exciting path. I look forward to updating you again very soon as we accomplish fresh milestones.
Best Regards
Joseph Francella
Chief Executive Officer
About Limitless Venture Group, Inc.
Limitless Venture Group provides its shareholders with access to leading small and medium-sized businesses focused on growth. Leveraging its permanent capital base, disciplined long-term approach, and actionable expertise, LVGI owns controlling interests in its subsidiaries as it partners with management teams to build businesses with the capacity to unlock significant value for its shareholders.
For more information, please visit: www.lvginc.com
The Company currently has three primary subsidiaries: Jasper Benefit Solutions, LLC, Rokin, Inc., and KetoSports, Inc.
About Jasper Benefit Solutions, LLC
Jasper Benefit Solutions, LLC (JBS), founded in 2018 with headquarters just outside Nashville, TN, is a Managing General Underwriter (MGU) specializing in risk management services for small to medium self-funded employer "Groups". MGUs, unlike general agents within insurance industries, are certified to underwrite health and life benefits policies on behalf of their carrier-partners. Jasper's niche is the unique ability and authorization from a well-known, nationally recognized insurance carrier to underwrite Groups as small as five (5) employees as well as offering limited benefit insured products for groups with part-time employees not able to participate in their health plans.
www.jasperbenefitsolutions.com
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.
www.rokinvapes.com
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.
www.ketosports.com
Follow us on Social Media at:
https://www.facebook.com/lvginc
https://twitter.com/lvginc
Disclaimer Regarding 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.
Company Contact:
info@lvginc.com
lvginc.com
Public Relations:
EDM Media, LLC
https://edm.media
(800) 301-7883
SOURCE: Limitless Venture Group, Inc.
Limitless Venture Group, Inc.
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888.952.4446
Sales
???
Boo tweat
Had a great time on the Montel Williams podcast show! Talked about Boobeary CBd,medical Cannabis and athletes along with how it has changed my life @Walmart @espn @FeedingAmerica @ShannonSharpe @JimTrotter_NFL
Look forward to more projects???????? https://t.co/8JfcwnBERL
If I had only read the earlier replies.....
It's @shanett11. Sorry can't help you with your password. Haha
I agree with dog. Remove all the past things that are no longer relevant including immortal oil. I had pre-ordered their starter kit but after 2 months had to ask for a refund -which they provided, but at the time they said that Lvgi was going in a different direction and wasn't going to be involved in immortal oil.
New LVGI tweet
Looking forward to getting this done as quickly as we can.
$LVGI
I like the way they follow up Joe's tweets. So we know it's not just Joe saying it, but the team.
New Tweet
Joseph Francella
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@joeceolvgi
2h2 hours ago
More
Going to be a very busy week! Agreements to complete, companies to acquire. Moving LVGI into a new future! #lvgi, #hemp, #health, #cannabis, #cannabisstocks
Is there any way to vote someone off the LVGI island?
There was a continuous flow of people and questions at the ‘THC2’ clinic near 31st and Yale Wednesday morning. It’s the first medical marijuana clinic to open in Oklahoma, open less than 24 hours after people voted to legalize medical marijuana.
NEW TWEET Joseph Francella
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@joeceolvgi
36s36 seconds ago
More
Signed lease yesterday on office #3, ensuring it will be opened on time, March 1st! Last minute updates getting ready to begin on office #2, ensuring it opens on time, February 1st, as previous PR stated! This is the year of "Git-R-Dun"!
Joseph Francella
?
@joeceolvgi
60m60 minutes ago
More
Revenues and construction are in line and on time with expectations!
Nice seeing you back, Shannett
Even if 4B shares were all out (and they aren't) 6 million in sales should be good for a .0015 share price
I would also add that a couple stickies could be removed
Joseph Francella
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@joeceolvgi
19m19 minutes ago
More
thank you all again for your continued support yesterday! 2019 will be a FANTASTIC YEAR!
LVGI thanks you for your continued support throughout the calendar year 2018 and wishes you a Safe, Happy, Healthy & PROSPEROUS New Year!
Tweet from Joe
Website changes http://www.lvginc.com/
NBC News report on CBD Oil
What you need to know about CBD oil, the health craze getting national buzz: https://t.co/yClE45q2nS @DrJohnTorres reports. pic.twitter.com/fsRiztVhrp
— NBC Nightly News with Lester Holt (@NBCNightlyNews) December 10, 2018
Probably best to wait until they have inventory which should be any day now. Their website is up and fully functional. Both the product and the website look very professional. I was able to place an order the other day and there is no notice of any back-order. Order now and you can get a 20% discount! The wait has been long, but I think Joe has finally found a way out of the darkness.
If you haven't been to ImmortalOil.com lately,
it's worth a visit- not sure if they are taking orders yet though.
Go to the Shop tab and take a look at the product- very professional looking.
420 Pen Pal new tweet
https://twitter.com/420AM420PM/status/1060563445525946369
whaaaat???
Had GREAT meeting with JOOC Media! Video is in final editing! I was assured it will be published for public viewing THIS WEEK! #CBD #CBDoil #Weed #weedpen #medicinal#medicalmarijuana
#cannibiscommunity #health #healthy #alternativemedicine#Highcbd #vapepen
#vapeCBD
Thanks Pete!
Could you sticky a link to the immortal oils website.
Thanks
Just hired JOOC media to Market our " IMMORTAL OIL" brand CBD vape pen more to come!
I can follow up with an email received from last week-
From: Joseph Francella <joefrance@aol.com>
Sent: Thu, Jun 28, 2018 11:41 pm
Subject: Re: LVGI Financials
Yes, the financials will be released.
Yes, the company is still on-going.
No, I have not been supporting myself on YOUR money. The money you and the other shareholders used to purchase your shares went to the person you purchased the shares from, NOT the company.
Yes, I still have an outstanding personal loan to the company.
Yes, we still have a relationship with Ascend. It is changing, but we still have a working relationship.
The company has been pursuing business opportunities with other existing companies. We are close to closing several deals, but until they are closed I will not talk about them because they change frequently. When they are closed I will put out the news.
I know it's frustrating as a shareholder. We are working as fast as possible, but most of the times the delay is on the other side.
TY again for your questions.
Joseph Francella
CEO
Limitless Venture Group Inc.
joefrance@lvginc.com
joefrance@aol.com
918-671-9935
Joe-
Will you be releasing the latest financials?
Is this still an ongoing company?
It would certainly be nice if you would let your shareholders know what is going on- You've been supporting yourself on our money for years now- perhaps repay us with information.
Unless you've been lying to everyone all along- the actions you have taken in the past suggest that this wasn't a scam company- to do all that you've done just to give up at the end
doesn't make any sense. Do you still have a personal loan to the company or did that somehow get repaid to you?
I'm assuming your relationship with AGS is no longer-
Is it time to find someone else to run the company? (would anyone even want to?)
Your silence just creates more questions.
There's nothing wrong with square-dancing and I'm glad you have an outlet that allows you to enjoy yourself, but a little more time spent running the company would be appreciated.
David
If you have DM, send me your email address
I understood you the first time.
What I should have said was someone that was a smooth talker who could get past security. But thanks for catching that.
Ascend Global Services 844-857-7273
Someone should call and ask if they are still doing business with LVGI
June 1st was probably the end of the 6 month timeframe meaning the million dollars was probably not acquired.
Those TruHemp product pictures are mockups.
Look at the labels- the typeface is straight while the bottle curves.
The CBD Softgels looks like a fake label in front of a popper bottle.
April 3rd tweet states that LVGI acquired the e-cig & CBD product lines. Probably part of the joint effort where LVGI owns 51%, I think?
@joeceolvgi
Apr 3
More
We have completed a successful third quarter! HempCore products are available on our Ascend Global MLM website, although not part of the Gold or Platinum packages yet. LVGI has completed its Acquisition of the e-cig and CBD products, working on repackaging. More news to follow.
Joseph Francella
?
@joeceolvgi
Apr 9
More
Starting work on Q3 financials. We will have revenues from MLM. E-cig and CBD products should be available Q4, HempCore products should be upgraded on MLM and working on several NEW projects. Q4 should be best EVER!
Pure CBD products- Nice!
Joseph Francella
?
@joeceolvgi
11m11 minutes ago
More
Starting work on Q3 financials. We will have revenues from MLM. E-cig and CBD products should be available Q4, HempCore products should be upgraded on MLM and working on several NEW projects. Q4 should be best EVER!
A couple things-
He said 'Our' Ascend MLM website, not 'The'- so that shows ownership in my mind, like the acquisition of capital was successful and it's now a joint venture?
Can CBD products be sold through an MLM? That would be something if possible.
Joseph Francella
?
@joeceolvgi
20m20 minutes ago
More
We have completed a successful third quarter! HempCore products are available on our Ascend Global MLM website, although not part of the Gold or Platinum packages yet. LVGI has completed its Acquisition of the e-cig and CBD products, working on repackaging. More news to follow