NUGENE INTERNATIONAL INC. (NUGN) PROVIDES SHAREHOLDER UPDATE AND ANNOUNCES CHANGE OF CONTROL
March 17 2022 - 9:40AM
InvestorsHub NewsWire
NUGENE
INTERNATIONAL INC. (NUGN) PROVIDES SHAREHOLDER UPDATE AND
ANNOUNCES CHANGE OF CONTROL
Carson City, NV -- March
17, 2022 -- InvestorsHub NewsWire -- Publicly traded company NuGene
International Inc. (OTC
Pink: NUGN) announces the completion of a change in control
with Livento Group LLC, a Delaware Corporation. David Štýbr,
the CEO of Livento, acquired majority voting control in a private
transaction through the purchase of 100 Super Voting Preferred A
shares and 5 million Preferred C shares from Milan Hoffman, CEO of
Emergent LLC. Livento Group LLC has confirmed a change of
NUGN's business model, redirecting its focus to the film and
television industry. Livento currently has contracts with a
production company that produces films for Netflix and Prime Video,
in addition to co-producing large budget films worldwide with top
actors in the film industry. To date, they have produced and
co-produced sixteen films on Netflix, the latest of which was
released September 3rd.
As part of the
transaction, David Štýbr has been appointed Sole Director and Milan
Hoffman has resigned from her positions. "Our immediate focus
in the coming weeks will be the removal of "shell" status on OTC
Markets and the performance of a full audit", stated the new CEO.
"Once these preliminary actions are complete, we will submit
a form 10Q and proceed from there. We are currently in the
process of completing the initial change of control information
needed for OTC Markets" he added.
Milan Hoffman will be
assisting with Livento's transition to the public markets for the
next few months. "I'm beyond thrilled that we were able to find
such an incredible CEO and team for NUGN. This will go a long
way to restore shareholder value and may even surpass
expectations", stated Milan Hoffman, CEO of Emergent LLC. "I am
impressed with their management's experience and honored to be
providing them with a public vehicle that will bring their vision
to the next level. They have every resource and capability
necessary to make NUGN realize its maximum
potential."
Statements in this press
release that are not historical fact may be deemed forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Although Livento Group LLC believes the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, Livento Group LLC is unable to give any
assurance that its expectations will be attained. Factors or events
that could cause actual results to differ may emerge, and it is not
possible for the Company to predict all of them. The Company
undertakes no obligation to publicly update any forward-looking
statement, whether as a result of new information, future
developments or otherwise, except as may be required by
law.
Contact:
David Štýbr,
CEO
Livento Group
LLC
contact@liventogroup.com
+1 980 432
8241
www.liventogroup.com
https://twitter.com/LiventoG
About Emergent LLC:
Emergent LLC is a
full-service business compliance firm. We strive to help our
clients achieve the regulatory standard necessary for business
restructuring and reverse mergers.
emergentcompliance@gmail.com
https://twitter.com/EmergentLlc
ttps://emergentcompliance.com/
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