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NuGeneInternational, Inc./ LiventoGroup, Inc . (OTC: NUGN), is a dynamic group thatspecializes in acquiring and developing companies with disruptivebusiness models.
Livento’s focus in the last two years was to reengineer ourbusiness and business model. Livento has invested significantfinancial resources coupled with hiring and developing the team todeliver on these objectives. Investments in BOXO, our Moviedevelopment business plus acquisitions in software development throughthe acquisition of Novel-Ti and the pending IPO of GDL positionus well moving forward.
The BOXOProductions brand is Livento’s flagship business. The experienceand potential in BOXO’s production team has unique access in themovie industry. The financials of the business model are incrediblypowerful. Through diversification, fixed margins, and a share of boxoffice revenue, this creates a strong foundation for BOXOgrowth.
Today,BOXO has made one of most important steps in its history. BOXO hasacquired assets worth $22,900,000 (twenty-two million nine hundredthousand USD) in Movies and $9,350,000 (nine million three hundred andfifty thousand USD) in related gaming and entertainment content.
“This deal takes BOXOto the next level. We are pleased that our production team andindustry contacts made this possible. After 4 (four) months ofnegotiations and various discussions with producers andcounterparties, the BOXO movie content library will increase andinclude 44 movies titles in various stages. Investors should note thatsome titles are already complete therefore they are delivering revenueas well as movies to be further developed ‘packaged’ as well asfilmed not released pieces. ‘Acquiring this content signifiesthat BOXO is becoming a recognized player in the industry,” saidDavid Stybr, BOXOProductions CEO.
The uniqueness of the deal is that BOXO has the right to thesame percentage in the case that any sequel for the movies is created.This constitutes an additional bonus, as the potential forconsiderable revenue remains without further financial investment intothe franchise.
The acquisition is increasing BOXO assets by a multiple of 4(four), bringing a total of 49 projects under the brand. BOXO plans tomanage private content library funds. This very significant increasein assets under management will attract high net-worth andinstitutional investors and provide them with the confidence that weare a mature business with the experience to manage and develop largecontent libraries.
BOXO will make publicly available the details about each of theprojects with its development plans, expected revenues anddescription. The Video games are based on the movies we are acquiring.For example, one of the games is based on the movie titled‘medieval’ which will be released on Mobile and PC.
BOXO has acquired apercentage ownership in the following content:
- 7 finalizedmovies
- 6 television series
- 2 Documentaries
- 29projects currently in production
The full list will follow shortly after thisrelease.
Theacquisition was paid through proceeds from real estate in amount ofUSD $7,250,000 and by shares issued at a price for 6.5 cents. Ourpartners believe that the Livento management team and BOXO is astrategic partner that has the right foundations and enroute to builda much larger movie and entertainment company. These shares arerestricted for a period of 6 months.
Our Partners who are now Investors and shareholdersconsider this a long-term investment and are fully aware of thecompany’s ambition to proceed and apply to up list to NASDAQ.
Several videosshowcasing some of the content can be seen here: Video 1 - Video 2
“The capitalincrease is a step forward for Livento’s plan to progress to NASDAQ.We have increased our yearly revenues by 80% and we anticipate asignificant increase in our market valuation. Revenues from moviesthat have already been released will increase our revenue and cashflow, thereby enhancing our ability to invest in new projects” commented David Stybr
About Livento Group, Inc.
Livento Group (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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