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NuGeneInternational, Inc./ LiventoGroup, Inc . (OTC: NUGN ), afully public reporting holding company to the U.S. Securities andExchange Commission has obtained new financing from leadinginstitutional investor in the United States.
The investor hasacquired an old note of Livento Group from Kodiak Capital Group LLC.(“KCG”) and as part of the transaction, Livento Group has issued40,000 shares of its newly created Series E Preferred Stock.Livento’s management has announced that a potential loss/dispute hasbeen averted, where KCG could have claimed an outstanding balance onthe note, including interest and penalties, exceeding $600,000.
In addition toacquiring an old pending note of Livento Group, the investor hasagreed to make an initial investment of up to $750,000 in the companyin restricted F class shares. The Investment is expected to have apositive impact on Livento Group’s financial position and representsa significant step forward in the company’s continued growthstrategy. Furthermore, the investor has expressed its intention toinvest additional funds in Livento Group at a later stage. Theinvestment is seen as a validation of Livento Group’s business modeland its management team’s ability to execute its growth plans.
Livento Group isgaining significant attention in the investment industry with itsinnovative approach to building great businesses. This investment is asignificant vote of confidence in Livento Group’s potential forgrowth and innovation. As one of the prominent institutional investorsin the United States, this company is renowned for its ability toidentify promising companies and support their development andexpansion.
Livento Group’s potential for success is underscored by thisinvestment, serving as a compelling testament to their capabilities.“Securing this investment fills us with immense excitement,”expressed David Stybr, CEO of Livento Group. The infusion of capitalwill empower us to persistently drive innovation, introducing novelproducts and services to the market. We eagerly anticipate aprosperous partnership ahead.”
The investment will provide Livento Group with thenecessary resources to accelerate its growth and expand its reach inthe market. The access to capital provided by the investor will beused by Livento for further investment by the group.
About Livento Group,Inc.
LiventoGroup (OTC: NUGN ) isfocused on acquiring and developing companies with disruptive businessmodels. The company recently launched BOXO Productions, a film andtelevision production subsidiary led by a top actor and producers inthe industry. For more information, visit www.liventogroup.com and www.boxoproductions.com .
Safe HarborStatement:
Thisrelease contains forward-looking statements within the meaning of thePrivate Securities Litigation Reform Act of 1995. You can identifythese statements as predictions, projections, or references futureevents and expectations, possibilities or similar. Forward-lookingstatements involve risks and uncertainties that could cause results todiffer materially from those projected or anticipated. Although theCompany believes the expectations reflected in our forward-lookingstatements are based on reasonable assumptions, the Company is unableto give any assurance that its expectations will be attained due toseveral variable factors. Factors or events that could cause actualresults to differ may emerge, and it is impossible for the Company topredict all of them. Some of these risks and uncertainties include,but are not limited to, general economic and business conditions,effects of continued geopolitical unrest and regional conflicts, incustomer order patterns, changes in consumer trends, and various otherfactors beyond the Company's control. Although the Company intendsto provide public updates, it undertakes no obligation to publiclyupdate any forward-looking statement, whether as a result of newinformation, future developments or otherwise, except as may berequired by law.
Contact:
David Stybr, CEO
Livento Group, Inc.
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Livento Group, Inc.
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