LIMITLESS VENTURE GROUP, INC. SIGNS ANOTHER MOU WITH ITS' SENIOR SECURED NOTE HOLDER TO SUSPEND DEBT CONVERSIONS UNTIL SEPTEMBER 17TH

TULSA, OK / August 23, 2023 / Limitless Venture Group, Inc. (OTC PINK:LVGI) ("LVGI" or the "Company"), a publicly traded holding company that provides its shareholders with access to investment opportunities in small and medium-sized businesses uniquely positioned for rapid growth announced today that it has signed an MOU (Memorandum of Understanding) with its Senior Secured Note Holder dated August 18, 2023, to not execute any conversions of the balance due for 30 days thereafter.

Joseph Francella, CEO, states “LVGI has a great financial partnership with our Senior Secured Note Holder. They have been willing to make accommodations to the letter of the note to limit the amount of conversions and number of shares of conversion from time to time and this is another one of those accommodations. We look forward to continued success together”. Mr. Francella further states “during these 30 days we are going to review our business model with them and determine if there is a better, more profitable one to be operating under together to create added value for our shareholders.”

About Limitless Venture Group, Inc.

Limitless Venture Group provides its shareholders with access to leading small and medium-sized businesses focused on growth. Leveraging its permanent capital base, disciplined long-term approach, and actionable expertise, LVGI owns controlling interests in its subsidiaries as it partners with management teams to build businesses with the capacity to unlock significant value for its shareholders.

For more information, please visit: www.lvginc.com.

The Company currently has three primary subsidiaries: Rokin, Inc., Limitless Technology Group, LLC, and KetoSports Holdings LLC.

About Limitless Technology Group, LLC.

Limitless Technology Group, LLC, (LTG) is a wholly owned subsidiary of Limitless Venture Group, Inc. and was formed as an Oklahoma limited liability company on July 19, 2022.  LTG is focused on developing new and innovative opportunities in the e-commerce, crypto and metaverse markets. 

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 are rigorously tested by Rokin and multiple consumer focus groups to ensure the products meet strict quality standards before any production takes place. After a product is selected and production complete, the product is certified to the latest FCC, CE standards (which are required for all vaping products) but then Rokin goes above and beyond to certify our vaping products to the latest RoHS standard, which restricts the use of six hazardous materials commonly found in electronic products. www.rokinvapes.com

About KetoSports Holdings, LLC

KetoSports sells a variety of products under the KetoSports brand, including its flagship exogenous ketone supplements. These products flush the body with ketones, a preferred energy source for the body and brain, within a few minutes of consumption. KetoSports products are essential for anyone who wants to prolong energy reserves for their athletic events or for those who just want to benefit from carb-free, stimulant-free mental energy and enhanced acuity. For more information, please visit www.ketosports.com

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Disclaimer Regarding Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts, including, without limitation, statements that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development, may be deemed to be forward-looking statements. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analysis and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of the release. Except as may be required under applicable law, we assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.

SOURCE: Limitless Venture Group