Announces New CEO Joseph Francella Has Officially Taken His Post as of Wednesday, January 15th
• Immediate increase in shareholder value by up to 50% with the return of approximately 520,000,000 restricted shares to treasury, which I negotiated with a shareholder, which could be reflected in current share price.
• Negotiate final amount due on existing third party note holder's debt to ensure NO conversion to common stock in LVGI, thereby ensuring no further dilution to shareholders value and maintain share price.
Mr. Francella adds, "I am at this moment exploring a course of action that may include a limited share buyback coupled with other financial mechanisms available to public entities.