![](https://investorshub.advfn.com/uicon/403555.png?cb=1500806694)
Friday, January 24, 2014 8:53:54 PM
Peter Scalise who will leave his post as LVGI CEO to put forth his full focus and take the reins of G.E.A.R. alongside Liz Gaspari and Kevin Levrone. G.E.A.R. has a goal to complete a traditional IPO on a major exchange within 18 months. More information about the spin-off and G.E.A.R.'s business will be made available soon through LVGI's disclosure with OTC Markets Group, Inc.
This is subject to final IPO pricing, but with my goal of delivering shareholder value, I'm highly confident based on the initial financial models that we will be delivering a multiple return to our shareholders."
"Having Kevin join the team brings instant recognition and credibility to the G.E.A.R. brand," said Peter Scalise III, LVGI CEO. "He is one of IFBB's most respected champions and his approach to body building is completely in line with our brand. With him and some other very high profile industry powerhouses that will be joining the team shortly we intend on taking the multi-billion dollar supplement market by storm. This in turn will increase shareholder value and follow the highly successful approach taken by OTC counterpart MusclePharm, OTC:MSLP."
http://ih.advfn.com/p.php?pid=nmona&article=59780794
http://ih.advfn.com/p.php?pid=nmona&article=58153101
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM