SOURCE: Limitless Venture Group, Inc.

September 16, 2013 10:14 ET

Limitless Venture Group Inc. Addresses Shareholder Concerns Regarding Recent Common Stock Trading

Announces Shareholder Conference Call

HOLBROOK, NY--(Marketwired - Sep 16, 2013) -  Limitless Venture Group Inc's (OTC Pink: LVGI) senior management has released a statement regarding the recent activity in its company stock, while dismayed at the downward pressure in the stock there is no fundamental or corporate event that has taken place to lend credence to the price action and volatility, we have been made aware of certain private transactions with a senior note holder of our company which resulted in the conversion into certain common shares of company stock, we have consulted with our attorney and the note holder and deem the transaction in full compliance with securities rules and regulations. We can only assume these shares were sold into the open market without regard. The current market capitalization of the company is less than a million and a half dollars. The company is reviewing all options to stabilize the market of its company shares and instill confidence in our shareholder base.

Peter Scalise, Company Chairman and CEO stated, "We are building a strong company and an outstanding brand line with our G.E.A.R Sports Nutraceutical subsidiary being the first of many," said Scalise. "While very frustrating, we obviously have no control over market activity and any of the forces behind it. We want to assure our loyal shareholders that Limitless Venture Group is committed to shareholder value and to that end we are announcing a Shareholder Conference Call on Oct. 31st following our participation at the world-famous Joe Weider's Olympic Fitness and Performance Expo in Las Vegas September 27-28. This is the body building and fitness world's major event attracting more than 50 thousand people. This will be our coming out party for the entire world to see what LVGI and G.E.A.R are all about."

Limitless Venture Group management has an open door policy for shareholder visits at its headquarters in Holbrook, New York to see operations, meet staff and view its product line. Scalise stated specifically "We invite anyone to come to our facility to see how we are creating a company that will take our specific markets by storm, create a positive revenue stream and build shareholder value.

"The Internet is a remarkable communications tool but it also provides a forum for unscrupulous individuals to hide behind screen names and post false and malicious information without regulation. Our operations are an open book and we have adhered to every aspect of all requirements of a public company."

Scalise said the company will issue a press release regarding the shareholder call at least one week prior to the event.

Limitless Venture Group will soon introduce G.E.A.R.'s Shock Series™ product line with patent-pending BEET DRIVE™ technology. The initial workout line of supplements will consist of three products that focus on timing windows for maximum work out performance, sustentation and recovery.

G Shock™, which is the company's flagship pre-workout product, will be accompanied by E Shock™, the all day energy/endurance enhancer and Maxx Shock™ post workout supplement which focuses on muscle recovery.

G.E.A.R™ is an all inclusive Nutraceuticals line not specific to any particular sport. It is ideal not only for professional athletes at the highest levels but for any individual looking to get into shape and live a healthy, active lifestyle.

For more information on G.E.A.R. visit: www.gearnutra.com

About Limitless Venture Group Inc.
Located in Holbrook, New York Limitless Venture Group Inc is a full service brand development company specializing in beverage, supplement and healthy lifestyle products. Limitless Venture Group Inc has internationally recognized formulators, in house graphics department, in house web design team, and full support staff for marketing and distribution chain development. Limitless Venture Group Inc. proprietary product line consists of SLAM Infusination™ Limitless Body™, Limitless Health™, and G.E.A.R™.

For further inquiry on Limitless Venture Group Inc. products:

Website: www.lvginc.com

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 seemed 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.

Contact Information

  • Contact:
    Peter Scalise III
    C.E.O.
    Limitless Venture Group Inc.
    631.750.3195
    info@lvginc.com