Limitless Venture Group Inc. (LVGI)

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#LVGI: LOOKING LIKE A GOOD TIME TO BUY... 0.005

THANKS FOR THE HEADS UP BULLISH....!

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https://www.lvginc.com/blogs/staging-news/rokin-inc-rokin-vapes-a-majority-owned-subsidiary-of-limitless-venture-group-inc-lvgi-reports-record-revenues-for-2021-lvgi-signs-loi-with-devmercs-to-begin-metaverse-development



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Rokin Inc. (Rokin Vapes), a Majority Owned Subsidiary of Limitless Venture Group Inc. (LVGI) Reports Record Revenues for 2021; LVGI Signs LOI with Devmercs to Begin Metaverse Development


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TULSA, OK / ACCESSWIRE / January 26, 2022 / Limitless Venture Group, Inc. (OTC PINK:LVGI) ("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 is pleased to announce today that Rokin, Inc posted a whopping 129% sales increase in 2021. Rokin's sales totaled $1,353,569 in 2021 compared to sales of $590,805 in 2020. This increase and total revenue numbers represents the highest sales volume in Rokin's six-year history and will surely lead to LVGI's best year ever when those numbers are finalized.


"Rokin has continued to work hard to increase sales and product offerings. Solid performing products like the Mini Tank continue to generate significant revenue. Furthermore, new products such as the Stinger, a revolutionary electronic dab straw, also attracted a strong consumer following in 2021. In 2022 we will continue to introduce new desirable products including a dry herb device as well several accessories for which our customers have expressed a strong demand," said Daryl Bauer, CEO Rokin.

Joseph Francella CEO states, "I am pleased and proud of Rokin's management on achieving these great revenue numbers, they are working long hours and diligently to make things happen. With continued financing from LVGI we anticipate Rokin 2022 revenues to double 2021s' reaching over 2.6 million dollars." He also states, " Then there is LVGI'S entrance into the Metaverse. We plan to be fully immersed in the Metaverse this year and for the future of LVGI.

Metaverse Update:

LVGI is pleased to announce that it signed a Letter of Intent (LOI) with Devmercs, LLC., to create applications for use in the Metaverse. Devmercs, LLC., (https://devmercs.com) is a software development firm, located in San Antonio, TX, specializing in third party development with everything from shopify websites and SAP based enterprise solutions to mobile applications, where they recently created a street racing metaverse game called Bwaaap (https://bwaaap.com). The LOI defines a time schedule for both parties to create a joint venture company with the purpose of investigating and developing strategies to create applications in the #metaverse, by the end of May, 2022.

"We are excited to be taking our first step forward into the Metaverse ''. exclaims Devon Diaz, COO of Limitless Venture Group, Inc., "The metaverse is a greenfield with plenty of opportunities to develop everything from objects, games and meeting places, to shopping, education and entertainment. Initially, the team at Devmercs will be working with LVGI to research the best entry point into the metaverse and build a project plan to ensure that the team will have a successful product launch with good revenue potential. I have full confidence in David Smith, CEO of Devmercs and his team, that they will be able to create a strong company with high integrity and creativity, and will be a serious player in the meta."

Devmercs, LLC., is thrilled to be working with LVGI to create a joint venture company specializing on development in the metaverse. There are so many places to enter into the meta that it gives our team options to choose from, and past experience has shown me that having options is a good thing when it comes to successful application development. Our team of skilled developers and top notch creatives are ready to roll up our sleeves to begin building in the next generation of social interaction." states David Smith, CEO of Devmercs.

Medical Cannabis Grow Acquisition Update:

Back in early December 2021, LVGI signed an exclusive 60 day LOI to acquire 100% of an Oklahoma medical cannabis grow operation. After extensive due diligence, research and business planning, we have determined that this particular business will most likely not be a good fit for LVGI and its shareholders. Although the facility does have the potential to grow up to 1,200 pounds per year of indoor grown medical cannabis, the estimated investment that will be required for it to reach that potential shows an insufficient ROI within the next three years to make it worth the effort at this point in time. However, LVGI has been interviewing with at least 3 other major medical cannabis grow facilities in Oklahoma and will continue to seriously discuss potential partnerships or acquisitions for those we feel have the best opportunity for success.

"After researching the facility, its products, the market opportunity, future revenue projections and barriers to entry, and having our institutional investors fly up to Oklahoma and view the facility who then gave us the green light to purchase the business if we so decided, I was disappointed that our conclusions were not in line with LVGI's vision of working with this medical cannabis grow facility that can produce immediate revenues with bigger growth potential. That being said, after speaking with multiple other grow facilities, I feel there is a good deal out there, we just need to keep looking for the one that is a win/win for LVGI, its grow partners, and our shareholders." states Joseph Francella, CEO of LVGI.

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: Rokin, Inc., KetoSports, Inc. and Jasper Benefit Solutions, LLC.