Business
Limitless Venture Group, Inc. In Partnership With World Renowned Ketogenic Research Team Through KetoSports, Inc., With Executed Term Sheet/Future Acquisition
Limitless Venture Group, Inc. In Partnership With World Renowned Ketogenic Research Team Through KetoSports, Inc., With Executed Term Sheet/Future Acquisition.
About this update from Limitless Venture Group Inc.
[{"type":"text","content":"\n TULSA, OK, Jan. 14, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Limitless Venture Group, Inc. (PINK OTC: LVGI) is entering the 9.7 Billion Dollar Keto market, which is expected to grow to over 15.6 Billion by 2027, through an acquisition of the majority ownership in KetoSports, Inc. (KSI) (http://ketosports.com).  KetoSports is “THE PIONEER” of the ketone market segment and the FIRST company to bring exogenous ketones to the US marketplace, with their KetoForce product in 2012. KSI sells a full line of simple, stir-in, supplements that flushes the body with ketones to induce acute ketosis within minutes. KSI products were designed by the renowned organic chemist, Patrick Arnold.  Mr. Arnold is leading the research team at KSI to focus on developing ketogenic products for a healthy lifestyle as well as weight loss and increased athletic performance.  Over the past 4 years the KSI team has grown the company to approximately $1.3M in annual sales for 2019, via a host of channels that include GNC, Dick’s Sporting Goods, TJX/Homegoods and WalMart.com. LVGI and KSI have been in discussions for about 90 days and have reached an agreement through a fully-executed Term Sheet dated 12/27/19. The acquisition will close when LVGI has the required capital, raised through its currently filed Reg A offering, of which we have just received our first set of comments and are in the process of answering. “We are extremely excited to be entering this multi-billion dollar market with KetoSports, Inc. as our partner.  KetoSports, Inc. is headed by a top-notch team including a leader in ketone research, Patrick Arnold.  A major contribution to Ketogenic research for Mr. Arnold was that he created a new ketone diester, which has been shown to significantly reduce inflammation in mice and has great potential to help people suffering from cancer and epilepsy. Through his ketone research, Mr. Arnold has developed safe and effective weight-loss and athletic-performance products like ketone salts which can be found in the Ketosports line of products. (For more information please Read: https://www.theatlantic.com/health/archive/2019/11/patrick-arnold-ketones-baseball-balco/601399/ ) “This corporate dream-team at KetoSports, Inc., will be a tremendous compliment to our other subsidiaries as ...