$DNRG Dominovas Energy Corporation (OTCMKTS:DNRG) Making A Comeback
Dominovas Energy Corporation (OTCMKTS:DNRG) is a name that many had written off for dead. Delay after delay has plagued its long awaited RUBICON™ project. However, yesterday, the company finally delivered the news finalizing plans to deliver its long awaited RUBICON™ to the University of Johannesburg in Johannesburg, South Africa. Shares rallied over 76% as a result with the shorts scrambling and dip buyers finally buying after being on the sidelines all year. Now investors are asking if the bottom is finally in and if this is the start of a new bull run for DNRG. First up a little background on the company. Dominovas Energy Corporation describes itself as “a leading power solutions provider to emerging markets around the world. DNRG employs its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology inspired its founders to create an “energy solutions” company. Recognizing that “green” and “alternative energy” markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address a green energy solution that is 100% reliable, efficient, and measurably cleaner than GenSets and CCGT. Additionally, unlike wind and solar solutions the RUBICON provides baseload power 24/7/365 days a year.” Since its initial announcement in May of 2016 that it would deliver a “Showcase” (Demonstration Unit), the company engineers and strategists, along with the unyielding support of its strategic partners have been working daily to deliver the much-anticipated RUBICON™ to the market place. The “Showcase” is a first step in Dominovas Energy’s ultimate goal to deliver its one-of-a-kind multi-Megawatt system to the region, as the engineering effort continues for the presentation of the first system in 2017. The deal in South Africa was launched in partnership with the South Africa-based Edison Power Group. The 50kW RUBICON™ system will serve as a demonstration unit for future Edison Power Group sponsored multi-megawatt, utility scale deployments in Africa. The 50kW RUBICON™ will produce over 430,000 kilowatt hours of clean, fuel cell generated electricity each year. The 50kW RUBICON™ proof of concept “showcase” unit will be the first solid oxide fuel cell (SOFC) unit to serve baseload capacity anywhere on the African continent. Besides the delays of the RUBICON system, the other problem for DNRG and its stock price has been dilution. The good news is that the company is rectifying this problem by restructuring approximately $700,000 in convertible debt. On November 12 2015, the Company closed agreements with GHS Investments LLC for the purchase of Dominovas Energy shares which would allow the Company to receive up to $7.5M. On January 11 2016, the Company received its notice of effectiveness for the S-1 Registration Statement from the Securities and Exchange Commission that was filed late December of 2015. This plan represents a shift in the overall financing strategy of Dominovas Energy, moving away from the utilization of convertible debt as a sole source of financing. As the Company draws down on its GHS Investment equity line and has additional cash proceeds available, it plans to enter into discussions with its convertible debt financing partners for the potential repayment of the convertible notes with cash instead of shares. The Company is also in discussions with GHS Investments regarding long-term equity financing strategy that is not a convertible debt structure. Dominovas Energy currently has no plans to take on any new debt or operational capital in connection with this restructuring plan. COO Michael Watkins had this to say. “Dominovas Energy is one of the most prolific companies of its kind in the fuel cell industry. It has best-in-class strategic partners for the build and manufacturing of its RUBICON™ fuel cell system; it has contract orders for multiple-Megawatts (MW); it has project financing in place once requisite guarantees are set and in place; the Company has what most Companies in the industry have longed for – so we had to take a close look at what could be depressing the stock price. We came to the realization and belief that there is simply too much pressure on the stock as a result of the existing convertible debt; and with our new plan to eliminate said debt, we hope to see representative growth for the Company. We have changed our methods of financing and operating the Company with a goal of increasing clarity and reporting of our operations and providing a stronger vehicle for our shareholders.” Currently trading with a market cap of just $1.18 million, DNRG has a history of explosive moves. Shares hit highs of $.14 a share last November. If the company can deploy its multi-Megawatts units throughout sub-Saharan Africa, we could easily see the stock turn into a multi-bagger for investors again.
***** List of different places where these 5 products being SOLD right now are below *****
1. Limitless Venture Group, Inc. (LVGI) website - www.hempcorehealth.com 2. Amazon website 3. United Foods, LLC, a marketing and distribution company 4. Healthy Habit Health Foods in Phoenix Az 5. AMAZON PRIME
See Website Links, Photos, PR and Product details of all these 5 products being SOLD at different places below.
********** 1. Limitless Venture Group, Inc. (LVGI) **********
All 5 products are being SOLD on company website given below.
Photos of ALL 5 products from Amazon website are below.
Number 1 - HempCore Fibered Up Fiber Blend Supporting Healthy Digestion
Number 2 - HempCore Healthy Heart Promotes Cardiovascular Health
Number 3 - HempCore Brain Boost Supplement
Number 4 - HempCore Relax Anxiety Relief Supplement
Number 5 - HempCore Joint Relief Anti-Inflammation Supplement
*****Photo of all 5 products together*****
********** 3. United Foods, LLC **********
All 5 products are being SOLD by UFoods, a marketing and distribution company.
Limitless Venture Group Signs Exclusive Distribution Agreement for HempCore Health Products With United Foods, LLC
•April 25, 2016 TULSA, OK--(Marketwired - Apr 25, 2016) - Today, Limitless Venture Group ( OTC PINK: LVGI ) announced it has signed an exclusive distribution agreement with United Foods, LLC, located in Scottsdale, AZ, to distribute its HempCore Health Products. Joe Francella, CEO, stated, "This is the distributor and agreement we have all been waiting for. We have been working on the terms of this agreement for quite some time and are very excited to see the next phase begin for our HempCore Health products. This distributor is very aggressive and will do an excellent job in promoting and selling our HempCore Health products." United Foods has purchased ALL the remaining inventory of HempCore Health "Joint Relief " and "Relax", which has been shipped to their Scottsdale, AZ, warehouse where they will begin their marketing campaign. They have also placed an additional order for HempCore Health "Healthy Heart", "Fibered Up", and "Brain Boost" to complete our product line-up. Mr. Francella added, "We have just updated these products to make them the best products on the market for their respective purposes." The payment has been made in-full up-front for the entire order and manufacturing of these products will begin as soon as our manufacturer can obtain all the required ingredients and labels. Mr. Francella further stated, "This alliance frees us from having to spend most of our energy and resources on sales and marketing and we can now fully focus on research and develop of new and exciting products and markets." Under the terms of this agreement, United Foods will be placing bulk orders for future HempCore Health products, also paying in-full up-front. They will be marketing HempCore Health in the greater Phoenix, AZ, area and branch out from there. They will also manage and distribute HempCore Health products through the Amazon Website, while optimizing the functionality of that service, as well as through the Hempcorehealth.com website. We expect the Amazon website to be completed very soon as well as a major updating to our hempcorehealth.com website. The structure of this agreement has lead to an immediate revenue stream for Limitless Venture Group Inc. We are now in a position to start implementing a growth strategy and will continue to bring shareholder value to the company. About Limitless Venture Group Inc. Located in Tulsa, Oklahoma, Limitless Venture Group Inc. is a full service brand development company specializing in beverage, supplement and healthy lifestyle products. Limitless acts as a brand incubator, bringing products from concept to reality, and then releasing them as standalone companies. Limitless Venture Group Inc. has internationally recognized formulators, in-house graphics department, in-house web design team, and full support staff for marketing and distribution chain development. Limitless Venture Group Inc.'s proprietary product line consists of SLAM Infusination, HempCore, and Limitless Health. For further inquiry on Limitless Venture Group Inc. products: www.lvginc.com
********** 4. Healthy Habit Health Foods in Phoenix Az **********
Products are being SOLD in Healthy Habit Health Foods in Phoenix Az. Below is the photo.
###################### PROTEIN SMOOTHIE COMING SOON ###################
HempCore Health Announces New Product and Additional Products Delivered for Distribution
10:51 am ET September 1, 2016 (Market Wire) Print TULSA, OK--(Marketwired - Sep 1, 2016) - Limitless Venture Group Inc. (OTC PINK: LVGI) today announces that LVGI and UFoods USA are working together to create another brand new product for our HempCore Health product line of hemp-based protein shake mixes. Our shake mixes will be packed with protein and taste delicious. We have two initial formulations in the final stages of R & D and expect to have them completed and ready for production by the end of this year. CEO Joseph Francella states, "We are committed and working very diligently to adding new and exciting products to our already unique and superior products lines."
Additionally, Mr. Francella adds, "We are happy to announce that all five HempCore Health products are now available on Amazon and will soon be listed as Amazon Prime." UFoods has already accomplished getting our initial two HempCore Health Products, Joint Relief and Relax, on the shelves of Healthy Habit Health Foods in Phoenix Az., and anticipates the three new versions, Healthy Heart, Brain Boost and Fibered Up will be on their shelves by the end of September. UFoods will also be spending a lot of time hitting the streets and doing product demos at other local retail outlets as well as seeking out distribution in other states. Sales of HempCore have been better than expected since the full product line was received by UFoods. We have also updated our labels and expect the full product line to represent the new label soon.
For additional information on HempCore Health please visit: www.hempcorehealth.com
We appreciate the patience and support of all our shareholders during this exciting time. Mr. Francella closes with saying, "We will be making an announcement regarding SLAM next week."
Also - per per company twitter page - PROTEIN SMOOTHIE is coming either late November or December.
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