NEW YORK, NY, Nov. 23, 2022 (GLOBE NEWSWIRE) — NuGene International, Inc. / Livento Group, Inc. (OTC Pink: NUGN), a dynamic group that specializes in acquiring and developing companies with disruptive business models in film, content and technology for fund managers, announced today that it is exploring acquisition with a software engineering firm focused on artificial intelligence and robotics.
“We are proceeding with due diligence to fully acquire this company. This company specializes in software development and AI robotics engineering with various applications for the past five years. The company has achieved 50% year-on-year growth and is seeking an active partner for further expansion into new markets,” commented David Staiber, Levento Group CEO. “We are in the process of completing our due diligence and aim to close the deal before the end of 2022.”
The company has a team of eight engineers providing services and products to various clients in Europe, with strong revenue and positive EBITDA, a fully sustainable acquisition with Livento, that will bring access to US market customers and capture more existing marketing opportunities. services and products.
Livento’s interest in the company is also to use their knowledge and resources to strengthen the Elisee software, increase its stability and robustness as well as trade and signal automation.
More details on the Company’s products and services will be announced once the due diligence process is complete and Livento will prepare definitive agreements.
About Levinto Group
levento group (Pink OTC: NUGN) to acquire and develop companies with disruptive business models. The company recently launched BOXO Productions, a film and television production subsidiary led by industry leading actor and producers. For more information, visit www.liventogroup.com and www.boxoproductions.com.
Safe Harbor Statement:
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You may define such statements as predictions, projections, or indicating future events, projections, possibilities, or the like. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those expected or projected. Although the Company believes that the expectations reflected in our forward-looking statements are based on reasonable assumptions, the Company is unable to give any assurance that its expectations will be realized due to several variable factors. Factors or events that may cause actual results to differ may arise, and it is impossible for the Company to predict all of them. Some of these risks and uncertainties include, but are not limited to, general economic and business conditions, the effects of ongoing geopolitical turmoil and regional conflicts, customer demand patterns, changes in consumer trends, and various other factors beyond the control of the Company. Although the Company intends to provide public updates, it undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
David Staeber, CEO
Livento Group, Inc.
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