Limitless Venture Group Inc. Announces It Has Settled Debt Holder Dispute
April 14 2014 - 9:40AM
Marketwired
Limitless Venture Group Inc. Announces It Has Settled Debt Holder
Dispute
HOLBROOK, NY--(Marketwired - Apr 14, 2014) - Limitless
Venture Group Inc. (OTC Pink: LVGI) (PINKSHEETS: LVGI) today
announced that the company and a third party debt holder Beaufort
Capital Partners reach an amicable settlement regarding an
outstanding note which had essentially floorless convertible terms
attached, the parties agreed to a two tranche fixed conversion to
settle in its entirety a $163,391.00 note balance, for a total of
273,257,143 shares.
"We've believe that that these shares have already been sold and
Beaufort Capital no longer has any equity interest in the company,"
stated LVGI CEO Joseph Francella. He went on to say, "I'm pleased
to have settled this matter and appreciate Beaufort's full
cooperation in reaching a resolve that has allowed them to recoup
their capital and remove further and future dilution to our
shareholders. This is one more step in our continued efforts to
build shareholder value."
About Limitless Venture Group Inc. Located in Holbrook, New
York, 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 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. proprietary product line consists of SLAM Infusination™
Limitless Body™, Limitless Health™.
For further inquiry on Limitless Venture Group Inc.
products:
Website: www.lvginc.com
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 seemed 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.
Contact: Joseph Francella C.E.O. Limitless Venture Group Inc.
631.750.3195 joefrance@aol.com