TULSA, OK / ACCESSWIRE / December 9, 2020 / (OTC PINK: LVGI) Limitless Venture Group, Inc. (“LVGI” or “the Company”) today announced that it has signed an advisory agreement with Nexus Insurance Marketing Group, LLC (Nexus) of Austin, Texas.
Nexus is a distributor and consultant for niche products and services in the insurance industry with a primary focus on self-funded health insurance and related programs serving third party administrators, brokers / consultants and associations. Additionally, Nexus is a partner / investor with Yottaflow, Inc., the developer of a productivity application designed for TPAs, brokers and general underwriters to optimize the insurance quote process, analysis and filing complaints; as well as improving workflows by ‘standardizing’ the end-to-end process.
“The health insurance industry is in a formidable position to transform the health and accessibility of people to meaningful treatment and wellness programs through technology. APTs are particularly adaptable to these strategies. We are excited to partner with LVGI to create an ecosystem driven by innovative APTs. Says Kenneth Walker, co-founder of Nexus.
The Nexus leadership team collectively has over 60 years of experience in the U.S. Third Party Administration (TPA) and insurer market, currently valued at over $ 250 billion with an expected 9% CAGR up to ‘in 2026, and is committed to seeking acquisition prospects strategically aligned in this dynamic market. Nexus’ experience and reputation in this market is an essential element in securing LVGI’s “flagship” entity, enabling LVGI to execute strategic plans comprising innovative technology and continuous market capitalization. “This partnership allows us to accelerate our strategic objectives in this market, as well as LVGI’s promise to shareholders,” said Jason Bennett, CEO of Unna, LLC, technology partner of LVGI and Principe in the orchestration of this union.
Nexus co-founder Solon Webb added: “LVGI understands that a TPA can be more than just a claims payer. I look forward to helping them achieve their strategic goals.”
Joseph Francella, CEO of LVGI, said: “We entered the healthcare industry with our acquisition of Jasper Benefit Solutions and this is the next step in making a big difference in the lives of people in small businesses by offering them affordable health insurance and working with them. to help their employees become healthier and happier with our TPA, once acquired. Our 3-year projection for this market is to acquire 104,000 lives under management, which will generate annual revenues of approximately $ 55 million and net revenues of approximately $ 30 million. With Nexus as a guide, those numbers and timelines are certainly available. ”
Devon Diaz, COO of LVGI adds: “I am very happy to work with the team of professionals at Nexus. They are well known and respected in the TPA market. I expect to have a candidate for TPA acquisition for review in the next few months and be able to close our TPA “Flagship” in the next quarter. I can’t wait to see what we can accomplish together “.
For more information on Nexus, please visit their website: www.nexus-img.com
In other news from LVGI: Our accountant is finally finishing our 1st quarter financial statements and we plan to file them this week or next year at the latest. Congratulations to our subsidiary Rokin Vapes for its November revenues of approximately $ 90,000. It’s pretty much DOUBLE what they did in November 2019. Great job Daryl and Larry Bauer and keep new products coming.
About Limitless Venture Group, Inc.
Limitless Venture Group, Inc. (“we”, “our”, “our”, the “Company”, “LVGI” and “Limitless”) provides its shareholders with access to growth-oriented small and medium-sized businesses. Leveraging its permanent capital base, disciplined long-term approach and actionable expertise, LVGI owns majority stakes in our subsidiaries and partners with their management teams to create businesses that can generate significant value for people. shareholders.
About Jasper Benefit Solutions, LLC.
Jasper Benefit Solutions, LLC (JBS), founded in 2018 and headquartered just outside of Nashville, TN, is a generalist insurer (MGU) specializing in risk management services for self-funded small and medium employers “Groups”. MGUs, unlike general agents in the insurance industries, are certified to underwrite health and life insurance policies on behalf of their partner carriers. Jasper’s niche is the unique ability and authority of a well-known and nationally recognized insurer to underwrite groups as small as five (5) employees as well as to offer limited benefit insured products for individuals. groups with part-time employees who cannot participate in their health plans.
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.
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.
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 that is 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.
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