LIMITLESS VENTURE GROUP, INC. BRIEF UPDATE AND PROJECTIONS
TULSA, OK (OTCIQ - August 5, 2018) Limitless Venture Group, Inc. (OTC PINK: LVGI) today announces this update and forecast.
CEO Joseph Francella has Tweeted he will give an update this week and here is that update, although brief as it may be.
LVGI has completed another fiscal year, ending June 30, 2018. During that year we completed a Joint Venture with an MLM, Ascend Global Services, acquired several vape-pen brands, 420 Penpal, 420 Pocket Rocket and JuJu King, our distributor, UFoods USA, continued selling our Hempcore products through Amazon and we hired a seasoned individual, Les Barber whom we purchased the vape-pens from, to be our Vice-President of International Business. The MLM Ascend Global Services Joint Venture has been unwound, meaning we are no longer Joint Venture partners.
For the coming fiscal year, LVGI has decided to focus our attention on CBD products and the Hemp and Marijuana industries. With the acquisition of our vape-pens we are currently working with several CBD producers to determine which one will give us the best product at the best price, for use in our pens. We are also in discussions with several companies that manufacture other CBD products for LVGI to either sell their products directly or White Label those products in our own name. Additionally, we are currently working through several projections with JOOC Funding to market our vape-pen and CBD oil and anticipate hiring them very shortly. Additionally, there are many other opportunities we have identified and had discussions with those companies, however, they all require capital and we continue to seek such funding.
CEO Joseph Francella states " I know this update is very brief and is only being posted on our website at: www.lvginc.com, but we will publish PR through national and international channels when we have closed on some of the above-mentioned products and/or secured the required financing."
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.