TULSA, OK -- January 26, 2022 -- InvestorsHub
NewsWire -- 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.
About Rokin, Inc.
Rokin was founded in 2016 with a mission to provide our
customers with the highest quality, technology-driven vaping
products available while providing exceptional customer service.
Rokin Vapes are rigorously tested by Rokin and multiple consumer
focus groups to ensure the products meet strict quality standards
before any production takes place. After a product is selected and
production complete, the product is certified to the latest FCC, CE
standards (which are required for all vaping products) but then
Rokin goes above and beyond to certify our vaping products to the
latest RoHS standard, which restricts the use of six hazardous
materials commonly found in electronic products. www.rokinvapes.com
About KetoSports, Inc.
KetoSports products flush the body with ketones, raising blood
ketone levels within a few minutes. Because the body and brain use
ketones as its preferred energy source and are used first for
energy demands, KetoSports products are essential for anyone who
wants to prolong energy reserves for their athletic events or for
those who just want to benefit from carb-free, stimulant-free
mental energy and enhanced acuity.
www.ketosports.com
About Jasper Benefit Solutions, LLC
Jasper Benefit Solutions, LLC (JBS), founded in 2018 with
headquarters just outside Nashville, TN, is a Managing General
Underwriter (MGU) specializing in risk management services for
small to medium self-funded employer "Groups". MGUs, unlike general
agents within insurance industries, are certified to underwrite
health and life benefits policies on behalf of their
carrier-partners. Jasper's niche is the unique ability and
authorization from a well-known, nationally recognized insurance
carrier to underwrite Groups as small as five (5) employees as well
as offering limited benefit insured products for groups with
part-time employees not able to participate in their health
plans. www.jasperbenefitsolutions.com
Follow us on Social Media at:
https://www.facebook.com/lvginc
https://twitter.com/lvginc_
Disclaimer Regarding 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.
SOURCE: Limitless Venture Group
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