Business
Limitless Venture Issues Letter to Shareholders on the Road Ahead
Limitless Venture Issues Letter to Shareholders on the Road Ahead.
About this update from Limitless Venture Group Inc.
[{"type":"text","content":"TULSA, OK / ACCESSWIRE / January 12, 2021 / (OTCMKTS:LVGI) Limitless Venture Group, Inc. ("Limitless", "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, issues the following Letter to Shareholders on behalf of the CEO:Dear Valued Shareholder,Allow me to begin by expressing deep gratitude to all of our shareholders for your loyalty, patience, and commitment. Today, I would like to provide you with a more thorough and detailed understanding of our vision, our current status, further insights into our emerging model, what we have recently accomplished, and what we are focused on achieving next.First off, we are extremely excited about the path in front of us after making several significant majority acquisitions over the past year. Those moves have already begun to pay off. While we did see new Company record revenues in our quarter ending September 30, 2020, we believe we are heading for scaling growth as our roll-up strategy in the healthcare benefits space picks up steam in 2021.To briefly recap recent events, we have closed on three majority acquisitions since our strategic shift early last year.Our first two moves were centered in the broad arena of supplements and wellness, beginning with Rokin Inc. and KetoSports, Inc., which were both closed before the end of summer last year.Closing the Rokin deal solidified our ability to raise capital on preferential terms, which allowed us to close the KetoSports deal. Those acquisitions propelled the Company to new record financial performance, which provided us with the financial relationships and foundation necessary to power our aggressive entrance into a $250 billion healthcare market segment - specifically, our roll-up strategy in the rapidly growing employer-sponsored health and wellness benefits space, where we see enormous promise and a lack of prohibitive competition.To both de-risk and expedite our strategy in the benefits space, we partnered with an industry executive and entrepreneur, Jason Bennett, CEO of gsd.health, a consulting and innovation company, to consult on strategy as well as provide deal flow advisory and business development services. Subsequently, we closed our first acquisit...