LVGI projects revenues of $ 10-12 million in 2021
TULSA, OK / ACCESSWIRE / September 8, 2020 / Limitless Venture Group, Inc. (“Limitless”) (OTC PINK: LVGI), a Tulsa, OK-based holding company, today announced that it has completed and fully paid for the acquisition of the controlling stake in KetoSports, Inc.
KetoSports, Inc., based in Seymour, IL, is synonymous with energy supplementation and effective health. The company began marketing its flagship keto product, KetoForce, in the United States in 2012. For those who consume carbohydrates, ketones act as an immediate fuel source, delaying the use of glucose for energy until they are consumed. ketones are low and / or depleted. This means that the energy is prolonged for a significantly longer period of time. KetoSports, Inc. products are free from dairy, animal by-products, lactose, gluten and are free of artificial colors, sweeteners and flavors; they’re made in the US and are Paleo and Keto-Friendly. Other KetoSports products include CANA, Keto8 MCT Oil, which provides a concentrated dose of C8 for a quick fuel source that boosts ketones, and KetoPro, a supplement that blends powerful probiotics with magnesium, an important mineral for the body. bone structure and the proper functioning of nerves. and muscle. The Mayo Clinic has completed a number of studies on the Keto Genic Diet and the results have shown the ability of ketones to strengthen the immune system and help as a dietary supplement in the treatment of ALS, diabetes, epilepsy and multiple sclerosis.
Nine KetoSports products and three assorted packs are available at Dick’s Sporting Goods stores, GNC stores and on their website, www.gnc.com, at TJX HomeGoods stores and various health, wellness and fitness centers in the United States. The company reported 2019 revenue of $ 1.3 million.
Included in the acquisition deal, Limitless and KetoSports will contract with a marketing agency and have already negotiated a deal pending signed deals, to expand and explode their sales through heavily weighted online promotions.
Joseph Francella, CEO of Limitless, said, âWe are delighted to welcome the KetoSports team to Limitless Venture Group. This revolutionary management team launched the first ketone product, KetoForce, in the United States. KetoSports has a fully operational in-house lab and manufacturing facility. factory ; they create their own formulations and products as well as package and ship these products from their exclusive factory. With this company in place, we will launch an aggressive production and marketing program to bring the company’s products to more American consumers and to the international health and wellness market. âMr. Francella added. : “We have found the formula to attract successful companies to join the Limitless Venture Group, Inc. family of companies, and now that we have the funds available to make these acquisitions, we will be adding more companies as quickly as we can. will be able to do full due diligence once we identify them. That being said, we expect our revenue for 2021 to be between $ 10 million and $ 12 million. ”
âWe believe KetoSports is the market leader in ketogenic dietary supplements. One of the reasons we made this acquisition is our belief in the current strength and future growth of the ketogenic dietary supplement market which in 2018 was valued at $ 9.70 billion worldwide and is expected to grow at a CAGR of 5.5% to reach $ 15.64 billion by 2027, according to Partners Insight. This trend is also apparent in the statistics search results from web browsers. According to Google Trends, the frequency of “keto” searches remains strong. In the United States, there was an 850% increase in search volume between January 2016 and January 2020. ” said Devon Diaz, COO of Limitless. “We are confident that the KetoSports team, led by Savitri Boodram Jones and Patrick Arnold, can significantly develop and increase sales over the next few years.”
âWith the renewed promotion of ketone products and the increased access to capital and support provided by LVGI, KetoSports will continue to lead the market for ketone product innovations and improvements, with a view to significantly increasing market share in an industry. growing rapidly, âsaid Savitri Boodram Jones, CEO of KetoSports, Inc.â We currently have a number of new and exciting products in our pipeline, and we look forward to bringing them to market with the participation of LVGI. as soon as possible.”
âKetoSports is known in the industry for its uncompromising innovation and robust R&D,â said Patrick Arnold, researcher and lead developer. “We look forward to creating an even broader offering of meaningful therapies and unmatched products with many applications. The KetoSports team and I look forward to what we can now accomplish within Limitless.”
Limitless continues to seek profitable acquisitions and plans to make further announcements regarding these acquisitions in the coming quarters.
About Limitless Venture Group, Inc.
Limitless Venture Group, Inc. (LVGI) is a holding company that produces, distributes and markets various product lines, including KetoSports, Inc., a manufacturer of Keto products, and Rokin, a supplier of vaping accessories. The company develops branded products through its graphic development and bioengineering departments; he successfully acquired KetoSports, Inc. and Rokin, Inc.
About KetoSports, Inc.
KetoSports products flush the body with ketones, increasing the levels of ketones in the blood within minutes. Because the body and brain use ketones as their preferred energy source and are primarily used for energy needs, KetoSports products are essential for anyone who wants to extend their energy stores for their sporting events or for those who simply wish to benefit from a stimulant without carbohydrates. –free mental energy and improved acuity.
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 is rigorously tested by Rokin and several consumer focus groups to ensure products meet strict quality standards before production. Once a product is selected and production is complete, the product is certified to the latest FCC, CE standards (which are required for all vaping products), but Rokin goes above and beyond to certify our vaping products. according to the latest RoHS standard, which restricts the use of six hazardous materials commonly found in electronic products.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not historical facts, including, without limitation, statements that relate to the expectations of the Company as regards the future impact on the results of the Company on new products in development can be considered as forward-looking statements. Words such as “expects”, “intends to”, “plans”, “could”, “could”, “should”, “anticipates”, “likely”, “believes” and words of Similar significance also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyzes and other information based on forecasts of future results, estimates of amounts not yet determined and management’s assumptions. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of their publication. Except as required by applicable law, we assume no obligation to update any forward-looking statements to reflect any event or circumstance that may arise after the date of this release.
THE SOURCE: Limitless Venture Group Inc.
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