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Limitless Venture Group Inc. Announces New CEO Joseph Francella Has Officially Taken His Post
Limitless Venture Group Inc. Announces New CEO Joseph Francella Has Officially Taken His Post.
About this update from Limitless Venture Group Inc.
[{"type":"text","content":"\n \n \n Limitless Venture Group Inc. Announces New CEO Joseph Francella Has Officially Taken His Post\n \n \nLimitless Venture Group Inc. Announces New CEO Joseph Francella Has Officially Taken His Post\n \n HOLBROOK, NY--(Marketwired - Jan 22, 2014) -  Limitless Venture Group Inc. (OTC Pink: LVGI) - The changing of the guard has officially taken place as of Wednesday, January 15th. Exiting CEO Peter Scalise and myself, CEO Elect Joseph Francella, have collaborated on ways to increase LVGI businesses and solidify the current corporate structure for an exciting new future. Mr. Francella says, \"there are many new and exciting products in the pipeline and I can't wait to bring them into fruition. I am also fully aware there are concerns with the share price and I will be studying that situation immediately along with the following areas I have targeted to ensure continued company growth and increased shareholder value and confidence.\n \n \n Immediate increase in shareholder value by up to 50% with the return of approximately 520,000,000 restricted shares to treasury, which I negotiated with a shareholder, which could be reflected in current share price.\n \n \n \n \n Negotiate final amount due on existing third party note holder's debt to ensure NO conversion to common stock in LVGI, thereby ensuring no further dilution to shareholders value and maintain share price.\n \n \n \n \n Establish a Reg D rule 504 offering of $1,000,000 for production, marketing and distribution of SLAM products for LVGI. Those shares offered will be restricted and not immediately tradable but the cash will be immediately available to increase corporate revenues which will in turn create additional shareholder value. All existing shareholders with a verified accredited status will have the opportunity to invest in the 504 if they choose to. \n \n \n Mr. Scalise added, \"I'm excited to have someone with Joe's knowledge, experience and enthusiasm to guide the company into this new phase of business. He will make the company much stronger and we will both be able to focus solely on LVGI's specific businesses, which will greatly benefit everyone.\"\n Furthermore, the results of the poll where we asked for shareholder input on a share buyback, reverse split or combination thereof was inco...