Greenlite Ventures Inks Deal to
Acquire No Limit Technology
Boca Raton, FL
-- May 17, 2024 -- InvestorsHub NewsWire -- Greenlite
Ventures, Inc. (OTC-PINK: "GRNL")
has announced the signing of an Acquisition Agreement with No Limit
Technology Holdings, Inc. (NLTH), an emerging powerhouse in the
Sports Betting arena. The Agreement is scheduled to be finalized
following a 30–45-day due diligence period.
NLTH stands at the
forefront of innovation with the imminent launch of its
revolutionary "No Limit Betting Exchange". By pairing bettors
through a decentralized exchange rather than the conventional
"betting against the house" paradigm, NLTH is able to provide a
stunning 97% return rate to its players as opposed to the industry
standard of 90%, while ensuring a guaranteed win for the Company on
every transaction.
With a track record
of success highlighted by its pioneering Daily Fantasy Sports
platform that has brought the benefits of blockchain efficiency and
cryptocurrency to sports betting, NLTH is poised to reshape the
entire industry.
The incorporation
of decentralized crypto wallets and smart contracts, powered by
NLTH's proprietary peer-to-peer algorithms and NoLimitCoin, creates
even more financial benefits for NLTH users. The Blockchain Smart
Contract has eliminated the custody risk inherent in traditional
betting platforms and gives NLTH players full control over their
funds at all times
NLTH's has already
successfully integrated crypto wallets within its gaming platforms
and is now about to launch a standalone user-friendly crypto
exchange that can easily be navigated by traders with or without
previous crypto experience. Adhering strictly to compliance laws
both domestically and internationally, NLTH is committed to
delivering top-tier customer service and cutting-edge technology
across sports betting and crypto trading domains.
GRNL and NLTH are
already synergizing efforts to create the lowest cost player
acquisition in the industry by driving traffic to NLTH's betting
platforms through strategic media partnerships, podcast
initiatives, and celebrity collaborations. GRNL has secured
agreements with sports talk luminary Jeff DeForrest, as well as Las
Vegas icon Brandon Lang and famed race caller Frank Mirahmadi, to
anchor its new Sports Podcasting platform. Daily sports betting
podcasts hosted by top handicappers and showcasing NLTH's
AI-generated ratings and probabilities are scheduled to begin in
the coming weeks.
"The timing of this
alliance couldn't be better," remarked GRNL Chairman Russell
Elbaum. "With the launch of our new Sports Podcast Network led by
Defo's "Bury Your Bookie" show, we're primed to drive significant
daily traffic to No Limit's exchanges and platforms. This gives us
the opportunity to maximize the influence of our celebrity partners
and the abundance of media opportunities at our disposal. Once
bettors experience the game-changing advantages these platforms
offer, we know we can quickly establish a powerful niche in
this exploding $300 billion industry."
Rafael Groswirt,
NLTH's founder who is slated to assume the role of CEO of the
merged entities, concluded, "Greenlite provides No Limit with the
resources and platforms necessary to make our mark amongst the
industry giants. The extensive sports and media connections of
GRNL's top management and largest shareholders position us to
partner and white-label with some of the biggest players in the
game. Together, we're committed to seizing the myriad of
opportunities that lie ahead."
SAFE HARBOR STATEMENT
This press release
contains certain "forward-looking statements," as defined in the
United States Private Securities Litigation Reform Act of 195, that
involve a number of risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and the
actual results and future events could differ materially from
management's current expectations. The economic, competitive,
governmental, technological and other factors identified in the
Company's previous filings with the Securities and Exchange
Commission may cause actual results or events to differ materially
from those described in the forward-looking statements in this
press release. The Company undertakes no obligation to publicly
update or revise any forward-looking statements whether as a result
of new information future events or otherwise. No information
contained in this press release should be construed as any
indication of the Company's future revenues, results of operations,
or stock price.
CONTACT: Jeff DeForrest 954 288 4725
jeffdeforrest5@gmail.com
.