SOURCE: Limitless Venture Group, Inc.

April 14, 2014 09:40 ET

Limitless Venture Group Inc. Announces It Has Settled Debt Holder Dispute

HOLBROOK, NY--(Marketwired - Apr 14, 2014) -  Limitless Venture Group Inc. (OTC Pink: LVGI) (PINKSHEETS: LVGI) today announced that the company and a third party debt holder Beaufort Capital Partners reach an amicable settlement regarding an outstanding note which had essentially floorless convertible terms attached, the parties agreed to a two tranche fixed conversion to settle in its entirety a $163,391.00 note balance, for a total of 273,257,143 shares.

"We've believe that that these shares have already been sold and Beaufort Capital no longer has any equity interest in the company," stated LVGI CEO Joseph Francella. He went on to say, "I'm pleased to have settled this matter and appreciate Beaufort's full cooperation in reaching a resolve that has allowed them to recoup their capital and remove further and future dilution to our shareholders. This is one more step in our continued efforts to build shareholder value."

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 acts as a brand incubator bringing products from concept to reality then releasing them as standalone companies. 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™.

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:
    Joseph Francella
    C.E.O.
    Limitless Venture Group Inc.
    631.750.3195
    joefrance@aol.com