Rokin Inc. (Rokin Vapes), a Majority-Owned Subsidiary of Limitless Venture Group Inc. (LVGI) Announces Record Revenues for 2021; LVGI signs a letter of intent with Devmercs to begin metaverse development
TULSA, OK /ACCESSWIRE/January 26, 2022/ 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 especially well Positioned for Rapid Growth is pleased to announce today that Rokin, Inc recorded a dramatic sales increase of 129% in 2021. Rokin’s sales totaled $1,353,569 in 2021, compared to sales of $590,805 in 2020. This increase and total revenue represents the highest sales volume in Rokin’s six-year history and will surely lead to LVGI’s best year when these numbers are finalized.
“Rokin has continued to work hard to increase sales and product offerings. Strong, high-performance products like the Mini Tank continue to generate strong revenue. In addition, new products such as the Stinger, an electronic dabbing straw revolutionary, have also attracted a strong customer base in 2021. In 2022, we will continue to introduce desirable new products, including a dry herb device as well as several accessories that our customers have expressed high demand for,” said Daryl Bauer, CEO of Rokin.
CEO Joseph Francella says, “I am pleased and proud of Rokin’s management to achieve these high revenue figures, they are working long hours and diligently to make things happen. With continued funding from LVGI, we expect Rokin’s 2022 revenue to double that of 2021 to over 2.6. million dollars.” He also states, “Then there’s LVGI’s entry into the metaverse. We plan to be fully immersed in the metaverse this year and for the future of LVGI.
LVGI is pleased to announce that it has signed a Letter of Intent (LOI) with Devmercs, LLC., to build applications for use in the metaverse. Devmercs, LLC., (https://devmercs.com) is a software development company, located in San Antonio, TX, specializing in third-party development with everything from Shopify websites and SAP-based business solutions to mobile apps, where they recently created a game of street racing metaverse called Bwaaap (https://bwaaap.com). The letter of intent outlines a timeline for both parties to create a joint venture to study and develop strategies to build apps in the #metaverse by the end of May 2022.
“We are excited to take our first step into the Metaverse,” exclaims Devon Diaz, COO of Limitless Venture Group, Inc., “The metaverse is a blank slate with plenty of opportunities to grow everything from objects, from games and hangouts, to shopping, education and entertainment. Initially, the Devmercs team will work with LVGI to research the best entry point into the metaverse and develop a project plan to ensure the team will have a successful product launch with good revenue potential. . I have full confidence in David Smith, CEO of Devmercs and his team, that they will be able to build a solid company with great integrity and creativity, and that they will be a serious player in the meta.”
Devmercs, LLC., is excited to work with LVGI to create a joint venture specializing in metaverse development. There are so many places to get into the meta that it gives our team options to choose from, and past experience has shown me that having options is a good thing when it comes to developing. a successful application. Our team of skilled developers and top-notch creatives are ready to roll up our sleeves to start building the next generation of social interaction. says David Smith, CEO of Devmercs.
Update on the acquisition of medical cannabis:
In early December 2021, LVGI signed an exclusive 60-day letter of intent to acquire 100% of a medical cannabis cultivation operation in Oklahoma. After extensive due diligence, research and business planning, we have determined that this particular business is unlikely to be suitable for LVGI and its shareholders. Although the facility has the potential to grow up to 1,200 pounds per year of indoor grown medical cannabis, the estimated investment that will be required to achieve this potential shows insufficient return on investment over the next three years for it is worth it. this point in time. However, LVGI has interviewed at least 3 other major medical cannabis grow facilities in Oklahoma and will continue to seriously discuss potential partnerships or acquisitions for those we believe have the best chance of success.
“After researching the facility, its products, market opportunity, future revenue projections and barriers to entry, and asking our institutional investors to fly to Oklahoma and see the facility which then gave us the green light to buy the business if we so chose, I was disappointed that our findings did not align with LVGI’s vision of working with this medical cannabis cultivation facility which can generate immediate income with greater growth potential. That being said, after speaking with several other grow ops I think there is a good deal out there, we just have to keep looking for the winning one/ a win for LVGI, its growth partners and our shareholders,” said Joseph Francella, CEO of LVGI.
About Limitless Venture Group, Inc.
Limitless Venture Group offers its shareholders access to leading growth-oriented small and medium-sized companies. Leveraging its permanent capital, long-term disciplined approach and actionable expertise, LVGI holds majority stakes in its subsidiaries by partnering with management teams to create companies capable of generating significant value for its shareholders. .
For more information, please visit: www.lvginc.com.
The company currently has three main subsidiaries: Rokin, Inc., KetoSports, Inc. and Jasper Benefit Solutions, LLC.
About Rokin, Inc.
Rokin was founded in 2016 with a mission to provide our customers with the highest quality, technology-driven vaping products 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. Once a product is selected and production is complete, the product is certified to the latest FCC, CE standards (which are required for all vaping products), but Rokin goes above and beyond to certify our vaping products to the latest RoHS standard, which limits the use of six hazardous materials commonly found in electronic products. www.rokinvapes.com
About KetoSports, Inc.
KetoSports products flush the body with ketones, increasing blood ketone levels within minutes. Because the body and brain use ketones as their preferred source of energy and are used primarily for energy needs, KetoSports products are essential for anyone who wants to extend their energy stores for their sporting events or for those who simply want the benefit of non-carb stimulants. – free mental energy and increased acuity.
About Jasper Benefit Solutions, LLC
Jasper Benefit Solutions, LLC (JBS), founded in 2018 and headquartered just outside of Nashville, TN, is a Managing General Underwriter (MGU) specializing in risk management services for small and means self-funded employers “Groups”. MGUs, unlike MGAs in the insurance industry, are certified to underwrite health and life insurance policies on behalf of their insurance partners. Jasper’s niche is the unique ability and authorization of a well-known, nationally recognized insurer to underwrite groups as small as five (5) employees as well as to offer limited benefit insured products for groups whose part-time employees cannot participate in their health plans. www.jasperbenefitsolutions.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 in this release that are not historical facts, including, without limitation, statements relating to the Company’s expectations regarding the future impact on the Company’s results from new products in development, may be considered forward-looking statements. Words such as “expects”, “intends”, “plans”, “may”, “could”, “should”, “anticipates”, “probable”, “believes” and words of of similar significance also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyzes and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of publication. Except as required by applicable law, we undertake no obligation to update any forward-looking statements to reflect any event or circumstance that may arise after the date of this release.
THE SOURCE: Unlimited capital group
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