![Article thumbnail](https://public.newsdirect.com/562667671/tmthEfTT.png)
QYOU Media Reports Record Q1 FY 2023 Results
QYOU Media
Contact Details Doug Barker +1 437-992-4814 shareholder@qyoutv.com Company Website https://www.qyoumedia.com
May 31, 2023 12:59 PM Eastern Daylight Time
VideoQYOU Media
Contact Details Doug Barker +1 437-992-4814 shareholder@qyoutv.com Company Website https://www.qyoumedia.com
May 31, 2023 12:59 PM Eastern Daylight Time
VideoOYO
Ratings agency Fitch has upgraded its outlook on global travel tech company OYO’s (Oravel Stays Limited) long-term foreign and local currency issuer default ratings (IDRs) to positive from stable, while affirming the ratings at ‘B-’. Fitch has also affirmed the rating on the USD 660 million senior secured term loan facility due 2026, issued by OYO's fully owned subsidiary, Oravel Stays Singapore Pte Limited, at 'B-'. The Recovery Rating is 'RR4'. The Fitch report further states that the term loan facility is unconditionally and irrevocably guaranteed by OYO and certain subsidiaries within the group and the guarantee covers 121% of the outstanding principal or up to USD 800 million, and Fitch considers this guarantee full and worthy. Fitch explains the rating change, “We expect OYO to deliver positive EBITDA and CFO in FY24, ahead of Fitch’s earlier forecast, led by a greater reduction in operating costs than we expected. We expect significant growth in its EBITDA in FY24, led by an ongoing demand recovery in the travel and tourism industry, the company’s stable gross margins, and reduction in operating costs. This follows positive EBITDA in every quarter of FY23, which is the first year of profits since OYO’s incorporation in 2012. The rating also reflects OYO’s adequate liquidity.” The rating by Fitch reflects OYO’s asset-light business model that benefits from minimal capex needs, largely exclusive distribution rights, pricing control over storefront inventory, fixed revenue share and strong long-term growth potential. Fitch expects the cost-reduction measures that OYO undertook in recent years to support its improving profitability in FY24. The report states that such reductions will not affect growth, as OYO has increased its business development staff to prioritise storefront additions. Fitch also expects travel and tourism industry conditions to continue to improve in OYO’s key markets in FY24, following a strong recovery in FY23 from pent-up demand for leisure travel after the easing of Covid-19 restrictions. The Indian hotel industry saw improving occupancy rates with a 73% increase in the number of air-traffic passengers in FY23. Foreign tourist arrivals also increased to 6.2 million in 2022 from 1.5 million in 2021, albeit still well below pre-pandemic levels. “OYO increased the number of storefronts and GBV per storefront in its European homes business in FY23 as leisure travel recovered, despite the cost-of-living crisis and reduced disposable incomes in the region. We expect this recovery to continue over the upcoming summer holiday and be further supported by a recovery in business travel, which initially picked up at a slower pace.” said Fitch. The rating agency estimates that OYO's unrestricted cash at FYE23 is sufficient to fund it’s the Fitch-estimated free cash flow deficit of around USD 7 million and annual debt repayment of around USD 6 million in FY24. Recently, global ratings agency Moody’s (Moody’s Investors Service) announced that it expects OYO to remain EBITDA positive for FY24 and its overall outlook to remain stable. Moody’s in its report said that OYO will generate around $50 million-$55 million EBITDA, after shared based payment expenses in fiscal 2024, supported by a strong demand recovery in the hospitality business, increase in the number of storefronts on OYO's platform, and cost optimisations. In March, OYO refiled its Draft Red Herring Prospectus (DRHP) with the stock market regulator SEBI under the recently introduced Confidential pre-filing route. A source close to the company said that the company will be “fine-tuning the issue size, basis the market conditions, to between $400 to 600 million, all of which will now be a primary issuance, to repay most of its debt.” The Confidential pre-filing route option was allowed by SEBI in November 2022 as part of bringing in progressive and globally popular practices. The company recently announced that it plans to double the number of premium hotels such as Townhouse, Collection O and Capital O in India in 2023 by adding approximately 1800 high street, upmarket hotels. The company’s UK business plans to add more than 50 properties to its UK portfolio in 2023 with a focus on cities such as London and Birmingham. OYO already has more than 150 hotels across the UK. The company is also planning to add over 100 hotels in the US in 2023. Contact Details Anupriya +91 97911 63065 anupriya.d@oyorooms.com Company Website https://www.oyorooms.com/
May 31, 2023 11:00 AM Eastern Daylight Time
Basketball Dreams
Eleazar (Ele) Kauderer, CEO of Tiger Marketing and Branding Agency (“Tiger”), and Dalmorlie Williamson, Assistant Director of the Rising Stars Youth Organization (“Rising Stars”), together, are proud to announce Kauderer’s sponsorship of “Team USA Select”, an Amateur Athletic Union (“AAU”) traveling basketball all-star team drawn, in part, from Williamson’s Rising Stars. Kauderer’s sponsorship will help to fund Team USA Select’s pursuit of greatness at the iconic “Quai 54” streetball tournament under the shadow of the Eiffel Tower in Paris, France, this summer. Quai 54, known globally as the world’s biggest streetball tournament championship event, will take place in early July. Every team competing at the event will be full of talented kids—from amateurs off the streets to current NBA stars—ready to leave everything on the court for global recognition in a direct-elimination process. The Team USA Select is an AAU traveling basketball team with roots in Ele Kauderer’s and Williamson’s efforts going back over a decade to found and sustain a NYC basketball program capable of stoking the hopes and dreams of talented kids from underserved neighborhoods. Kauderer commented on his sponsorship of the team in 2023: “These kids mean the world to me. Malie [Williamson] and I have been involved for long enough to see the longitudinal data—to see lives change and doorways open—and to see the results of that progress years later. I don’t think anything I have been involved with over the years has been such a source of pride and joy as this program has, and I am truly grateful to have the opportunity to make a fresh difference in 2023.” Kauderer continues, “In conjunction with my Not for Profit Organization Youth Empowerment & Success I’ve created a Go Fund Me Link for anyone who wants to be a part of making these boys Dreams come to reality as well as give global visibility to those who want to be a part of something so great! Because no matter what you make or what you do, if you don’t look to help those around you get better, stronger, more successful and achieve their dreams, you’ve not even made a blip in the time you’ve spent living your own life.” https://gofund.me/d0f6250d Ele Kauderer, a New York businessman, has been involved in international business, investment banking, marketing, branding, and public relations for nearly 25 years. He implemented television and radio marketing campaigns, production of commercials, national product launches, public relations for both private and public companies as well as political campaigns. A passionate supporter of youth and community causes, Ele has worked as a coach, mentor, and philanthropist, helping to drive opportunity pathways for underserved kids through multiple channels, including non-profit basketball programs leveraging the team sports model to bring kids and teens of all stripes together to compete in championship-level events. Dalmorlie Williamson has over 15 years of experience in youth basketball. During that time, he has worked as a high school basketball coach, an assistant director and coach for the D1 Stars AAU program, and a leader in the Rising Stars Youth organization. “Malie is on a mission in life to remove false ceilings for serious talent—to see driven young athletes leverage their God-given skills and their sense of determination to open up opportunities like a top-tier college education or a path into the pro sports marketplace,” added Kauderer. “Not only does he have a gift for spotting the genuine article—next-level talent—but he knows what it takes to translate that kind of rare gift into a real opportunity in the Show. He has special insight into these kids, and a lot of people know it. But he also has a heart of gold. He’s a true inspiration, and I’m grateful to be involved.” (Sponsor Team USA Select at the QUAI 54 in France & help pave the way for our next generation of success https://gofund.me/d0f6250d ) Related links: www.EleazarKauderer.com www.quai54.com www.aauboysbasketball.org Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com
May 31, 2023 09:16 AM Eastern Daylight Time
Brooklyn Magazine
Paramount+ and Brooklyn Magazine, in partnership with Brooklyn Borough President Antonio Reynoso, Prospect Park Alliance and Fort Greene Park Conservancy, are excited to present “Paramount+ Movie Nights in Brooklyn,” a summer series of free films in Fort Greene Park, Prospect Park and McCarren Park. The fun kicks off with four consecutive Thursday evenings beginning Thursday, June 29, in Fort Greene Park, continues with four consecutive Wednesday evenings starting July 26 in Prospect Park’s Long Meadow, and ends with four final evenings starting Sunday, August 20, in McCarren Park. The series builds off of the longstanding “Summer Movies Under the Stars” series offered in Prospect Park for many years through the support of the Borough President. “Paramount+ Movie Nights in Brooklyn” will offer nostalgic classics and feel-good fan favorites for all ages. The two-month series lineup will include “Ferris Bueller’s Day Off,” recent hits “Marcel the Shell with Shoes On,” “Black Panther: Wakanda Forever,” “Everything Everywhere All at Once,” “Top Gun: Maverick,” and more. See below for the full lineup. The themes throughout are connectivity, perseverance, friendship, family, self-empowerment, creativity, fantasy, and fun — just what we could all use this summer. “There’s nothing better than Brooklyn in the summertime, especially the memories of summer as a kid. We’re in luck that nostalgia is the theme of our “Paramount+ Movie Nights in Brooklyn” series this summer,” said Brooklyn Borough President Antonio Reynoso. “I’m thrilled to bring a selection of classic movies, and films we know will become classics, to Fort Greene Park, Prospect Park, and McCarren Park throughout the summer. I look forward to getting this program started and want to extend my deep thanks to the Prospect Park Alliance and the Fort Greene Park Conservancy for their partnership.” “We are thankful to Borough President Reynoso for continuing this long-cherished tradition of bringing our community together for free movie nights under the stars in Brooklyn’s Backyard, and to Paramount+ and Brooklyn Magazine for their support of this series,” adds Morgan Monaco, President, Prospect Park Alliance, the non-profit organization that sustains, restores and advances Prospect Park. “We also are delighted to partner with the Fort Greene Park Conservancy to expand the series to our sister park for an even better season of outdoor fun.” Showtimes are at sunset. Get there early and bring the kids. Here is the full lineup: Fort Greene Park June 29: “Marcel the Shell with Shoes On” July 6: “House Party” July 13: “Black Panther: Wakanda Forever” July 20: “RRR” For more information and to RSVP, click here. Prospect Park, Long Meadow July 26: “Top Gun: Maverick” August 2: “Bring It On” August 9: “The Nutty Professor” (1996) August 16: “Guardians of the Galaxy” For more information and to RSVP, click here. McCarren Park August 20: “Ferris Bueller’s Day Off” August 30: “Ant-Man and the Wasp: Quantumania” (2023) September 6: “Everything Everywhere All at Once” September 13: “The Big Lebowski” For more information and to RSVP, click here. ### ABOUT PARAMOUNT+ Paramount+, a direct-to-consumer digital subscription video on-demand and live streaming service, combines live sports, breaking news and a mountain of entertainment. The premium streaming service features an expansive library of original series, hit shows and popular movies across every genre from world-renowned brands and production studios, including BET, CBS, Comedy Central, MTV, Nickelodeon, Paramount Pictures, SHOWTIME and the Smithsonian Channel. The service is also the streaming home to unmatched sports programming, including every CBS Sports event, from golf to football to basketball and more, plus exclusive streaming rights for major sports properties, including some of the world’s biggest and most popular soccer leagues. Paramount+ also enables subscribers to stream local CBS stations live across the U.S. in addition to the ability to stream CBS News Network for 24/7 news and CBS Sports HQ for sports news and analysis. About Brooklyn Magazine Founded in 2010, Brooklyn Magazine is as a multifaceted media entity, online lifestyle publication and semiannual print magazine that covers New York’s most populous borough through the lens of culture, community, commerce, arts and leisure. In addition to print and online editorial coverage, Brooklyn Magazine produces a free biweekly newsletter that engages with more than 220,000 subscribers, produces a weekly podcast, and organizes frequent events around the borough. About Brooklyn Borough President Antonio Reynoso Antonio Reynoso is Brooklyn’s 20th Borough President. A lifelong Brooklynite, he is the first Latino to hold the office in the borough and the first Dominican to be elected Borough President citywide. Previously, Borough President Reynoso served as City Council Representative for Council District 34, representing portions of Bushwick, Greenpoint, and Williamsburg in Brooklyn, and Ridgewood, Queens. More about Borough President Reynoso and his vision for a Brooklyn for all at https://www.brooklynbp.nyc.gov/. About Fort Greene Park Conservancy The Fort Greene Park Conservancy is an independent non-profit organization that partners with local communities and NYC Parks to program, maintain, and advocate for the park as a vital space today and for generations to come. We enrich and nurture Fort Greene Park as a public space that puts community first—protecting everyone's right to belong, organize, and connect with nature. About Prospect Park Alliance Prospect Park Alliance is the non-profit organization that sustains, restores and advances Prospect Park, Brooklyn’s Backyard, for the diverse communities we serve. Working in partnership with the City, we provide critical staff and resources that keep the park green and vibrant. Learn more at prospectpark.org. Contact Details N6A for Brooklyn Magazine +1 619-450-3743 brooklynmagazine@n6a.com Company Website https://www.bkmag.com/
May 31, 2023 09:00 AM Eastern Daylight Time
Revenue Management Solutions
Revenue Management Solutions (RMS), a world leader in data-driven analytics and tech-enabled solutions for restaurants, announced Jana Zschieschang as the newest addition to its Board of Directors. Her appointment marks the first new board member since RMS changed ownership in 2017. Zschieschang was also promoted from Chief Marketing Officer to Chief Brand Officer for Revenue Management Solutions. Since becoming Chief Marketing Officer in 2017, Zschieschang has established RMS’ global marketing and communications platform. Today, she manages its Tampa-based marketing team, global internal and external communications, and agency relationships. Most recently, she’s been integral to the company’s People Success initiatives, creating personalized career development plans that give every associate a meaningful growth path at RMS. “Jana is multilingual and previously worked in two of RMS’ international offices. One-third of our business is international, and Jana brings a critical element to our board,” said John Oakes, Chief Executive Officer of RMS. “She also has the pulse of our associates, clients and markets worldwide. She leads effectively and is an instrumental voice in our strategic business decisions.” Under Zschieschang’s leadership, Revenue Management Solutions has become a leading source of reliable restaurant sales and traffic data, menu trends and consumer behavior. In 2022, RMS grew revenue by 24% and added nearly 40 new associates and 15 leading restaurant brands as clients. “Jana elevated our marketing initiatives during the pandemic in meaningful ways to better serve our clients in the restaurant and hospitality sectors,” said Oakes. “Simultaneously, she strengthened our internal communications, recruitment and training processes, resulting in our highest-ever employee satisfaction rating.” As Chief Brand Officer, Zschieschang will continue to refine internal and external communications. In 2023, her team will roll out new and updated products and platforms, further elevating the brand’s client offerings. Internally, Zschieschang and her team are focusing on creating more training opportunities for associates’ professional development and supporting cross-functional communication across all RMS departments and locations. “We are delighted to add Jana to our board, where her invaluable input, judgment, creativity and productivity will prove as valuable as they are to our core business,” added RMS President and Chief Financial Officer Olivier Rougié. Learn more about Revenue Management Solutions’ winning team and industry solutions. About Revenue Management Solutions Revenue Management Solutions (RMS) is committed to supporting restaurants through these ever-changing times. Today, more than 50 major brands in 40-plus countries trust RMS. Its data-driven analytics and tech-enabled solutions optimize sales, menus and a brand’s financial health. RMS provides actionable insights to more than 100,000 restaurant locations worldwide to help them make informed business decisions that drive profitability and combat inflation and rising wages. The company holds five US patents on menu pricing and customer segmentation and supports ongoing academic research efforts. For more information on how RMS helps its clients, visit revenuemanage.com. Contact Details Tracy Henderson +1 720-989-3530 tracy@centerreachcommunication.com Company Website https://www.revenuemanage.com
May 31, 2023 08:10 AM Eastern Daylight Time
Universal Media Group, Inc.
Universal Media Group Inc. (OTC: UMGP) ("UMGP"), an emerging producer and distributor of short and long-form celebrity-based reality content, is pleased to announce the ongoing development of its new streaming platform, “Universal Streams.” In a groundbreaking move for the entertainment industry, the tool will be a state-of-the-art AI-based SVOD (Subscription Video on Demand) platform. The introduction of AI technology into the realm of SVOD platforms represents a significant leap forward in the quest to enhance the user and creator's experience. Universal Media Group wants to use the power of AI to bridge the gap between creators and viewers. Universal Streams is designed to understand and adapt to individual user preferences, providing personalized recommendations and content suggestions. By leveraging the power of artificial intelligence, the platform aims to offer a more tailored and engaging viewing experience for each user. It is determined to provide advanced Universal Streams Studio tools to help creators from ideation to distribution. Universal Streams has a creator-focused business model and has removed many barriers creators face when producing and monetizing their content. We are very excited to have teamed up with one of the industry's most innovative technology partners to build and support Universal Streams. Our team has also expanded to include industry professionals with decades of experience, including with Disney, MGM, Sony, and Paramount. Our expanding team enables us to expand our reach and partner with some of the industry giants providing added value for our productions as well as those by our independent creators. More details regarding our growing distribution network will follow. Currently listed on the OTC Pink Market (UMGP), Universal Media is in the process of up-listing to the OTCQB. This is in anticipation of our submittal of a listing application to the NASDAQ by the end of our 2023-2024 fiscal year. More to follow. About Universal Media Group Universal Media Group (UMGP) is a publicly traded Digital Media Production company. Universal creates an eclectic array of content, including national television network celebrity programming, streaming financial news, and opinion shows. The company will continue to pursue strategic business investments, partnerships, and acquisitions that will ultimately increase profitability and expand the company's reach, focus, and portfolio of business assets. For further information, visit: https://UMGP.com Media Details: Company Name: Universal Media Group Contact Phone Number: 561.908.3333 Contact Email Address: ms@umediagroupinc.com Address: 1199 S Federal Hwy, Suite 111, Boca Raton, Fl 33432 Safe Harbor Statement: This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements as predictions, projections, or references to future events, expectations, possibilities, or similar. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. Although the Company believes the expectations reflected in our forward-looking statements are based on reasonable assumptions, the Company cannot give any assurance that its expectations will be attained due to several variable factors. Factors or events that could cause results to differ may emerge, and the Company can't predict 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, customer order patterns, changes in consumer trends, and various other factors beyond the Company’s control. 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 required by law. Contact Details Universal Media Group ms@umediagroupinc.com Company Website https://umgp.com/
May 31, 2023 08:00 AM Eastern Daylight Time
RollerCoin.com
Join Rollercoin's 5th Anniversary celebration and win amazing rewards. Visit Rollercoin to get started and experience the thrill of virtual Bitcoin mining while having fun, learning crypto mining skills, and getting rewards. As the leading and the oldest giant in mining simulators, Rollercoin revolutionizes the gaming landscape with its immersive online Bitcoin mining game. Rollercoin's 5th Anniversary month-long celebrations are set to captivate millions of players with exciting activities and generous rewards! Players can join the project's birthday and stand a chance to win exclusive merch packs, referral rewards, and various miners, including Afterparty and Icarus. With a global player base of over 3.5 million users, Rollercoin Bitcoin mining simulator offers a rewarding and educational experience in the world of crypto mining. The game’s market share is 10 times larger than its competitors, making it a preferred choice for crypto enthusiasts and gamers! Online virtual Bitcoin mining game allows players to compete against friends in mining Bitcoins. The game features a unique blend of entertaining mini-games, a global mining pool, and the opportunity to receive real crypto rewards. Rollercoin Free-to-Play game is giving away rewards like never before, so take your chance to grab more. Join an extraordinary month of activities, amusements, and unparalleled rewards that will leave players in awe. During Rollercoin Birthday Events, players can 👇 Take part in the project's birthday celebration Win Merch Pack Win miners, including Afterparty, Icarus, etc. Get referral rewards: top-10 winners will get crypto! Become the most active user and receive an additional prize. Event schedule: Week 1: Bitcoin Pizza Week Bitcoin Pizza Week Art Contest where users can showcase artistic skills in a contest for the best Rollercoin avatar and get rewards. Week 2: AMA Session + Party Events. Two weeks of amazing events where you users will receive rewards daily by crafting special miners in Craft Hard Event and completing exciting Event Quests! Week 3: RollerBirthday Quiz. The third week is Rollercoin Quiz week. Every day during the week, players will be challenged with tricky questions on Twitter and Discord about Rollercoin to get rewarded for that. After all, on May 31st, the main Big Rollercoin Birthday Party will start and brings even more fun and rewards. Ultimately, the TOP-3 players with the most referrals gathered during the Contest will receive an incredible prize set of miners and merch! What is Rollercoin Rollercoin game is an online virtual Bitcoin mining game that allows players to get crypto skills, compete against friends in mining Bitcoins, and build an empire with real crypto rewards. Innovative game mechanics provide players with a perfect balance between entertainment and learning — getting rewards while playing games and having fun. With its seamless browser-based gameplay, one of the oldest crypto games Rollercoin allows players to engage in the game across various devices without the need for downloads. The worldwide community of Rollercoin has grown rapidly since its inception in 2018, with a staggering 3.5 million players and 440,000 active community members. The platform's monthly player count of 1.5 million demonstrates its exceptional popularity and distinguishes it from other gaming platforms. Players can build and develop their own mining data center, upgrade settings to enhance mining power and collect miners to boost their performance. The game features a global mining pool, where the power of each player is combined, and block rewards are distributed based on individual mining power, emulating the dynamics of real-world crypto mining. Moreover, the game offers multi-mining opportunities for various cryptos, including BTC, ETH, DOGE, MATIC, BNB, Sol, TRON, Shiba, BUSD, USDT, and LTC. Also, Rollercoin provides instant withdrawals. Rollercoin offers a diverse range of addictive mini-games. These games provide an enjoyable experience while earning additional mining power. By completing Daily and Weekly Quests and easy tasks, players are getting opportunities to receive more rewards and learn about crypto mining. Adding to its attractive features, Rollercoin also offers a referral program. Players can invite their friends to join the Rollercoin universe and, in turn, get a percentage of their in-game earnings: 25% from referrals’ profit and 15% from in-game purchases. Contact Details Rollercoin.com Ana G. support@rollercoin.com Company Website https://rollercoin.com/
May 31, 2023 04:30 AM Pacific Daylight Time
YourUpdateTV
A video accompanying this announcement is available at: https://youtu.be/CqMCndmTOfg Would it surprise you to know that hearing loss in the U.S. is expected to double to 73M by 2060?* Hearing loss can prevent a life well-lived and cause some to miss out on meaningful connections. Even so, it takes people seven years from the time they suspect they might have hearing loss to the time they seek treatment. But no one should ever feel that hearing loss is something to be ashamed of. Proactive health habits such as hearing care are so important to living a long and healthy life. Hollywood legend and HearingLife spokesperson, William Shatner, has lived a full, adventurous life, from traveling to space to acting on the big screen. But what many might not realize is he is also living with tinnitus! William Shatner has teamed up with the leading hearing care company to spread awareness about the importance of hearing care in the US. To stress the importance of proper hearing care, HearingLife is currently running its “Love Your Ears” give back campaign and is giving away free hearing aids to people in financial need who are struggling with hearing loss. For the opportunity to receive free hearing aids through “Love Your Ears,” anyone in the U.S. can submit their personal story to www.hearinglife.com/giveback, or nominate a loved one, explaining how receiving hearing aids could make a difference in the quality of their life. HearingLife offers brands with some of the highest rated technology on the market, including several award-winning options. Hearing aid technology has come such a long way to cater to the unique treatment needs of the individual. With so many options out there, it’s crucial for people to seek out professional care from an audiologist or licensed hearing aid specialist. HearingLife offers personalized care with a focus on the individual’s unique needs so that we can provide people with the most optimal solution for their lifestyle. HearingLife.com has plenty of resources available. For more information on the give back program to submit your story, go to www.hearinglife.com/giveback. *Source: https://jamanetwork.com/journals/jamaotolaryngology/article-abstract/2606784 Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com
May 30, 2023 12:00 PM Eastern Daylight Time
VideoLivento Group
NuGene International, Inc./ Livento Group, Inc. (OTC: NUGN), is a dynamic group that specializes in acquiring and developing companies with disruptive business models. Livento’s focus in the last two years was to reengineer our business and business model. Livento has invested significant financial resources coupled with hiring and developing the team to deliver on these objectives. Investments in BOXO, our Movie development business plus acquisitions in software development through the acquisition of Novel-Ti and the pending IPO of GDL position us well moving forward. The BOXO Productions brand is Livento’s flagship business. The experience and potential in BOXO’s production team has unique access in the movie industry. The financials of the business model are incredibly powerful. Through diversification, fixed margins, and a share of box office revenue, this creates a strong foundation for BOXO growth. Today, BOXO has made one of most important steps in its history. BOXO has acquired assets worth $22,900,000 (twenty-two million nine hundred thousand USD) in Movies and $9,350,000 (nine million three hundred and fifty thousand USD) in related gaming and entertainment content. “This deal takes BOXO to the next level. We are pleased that our production team and industry contacts made this possible. After 4 (four) months of negotiations and various discussions with producers and counterparties, the BOXO movie content library will increase and include 44 movies titles in various stages. Investors should note that some titles are already complete therefore they are delivering revenue as well as movies to be further developed ‘packaged’ as well as filmed not released pieces. ‘Acquiring this content signifies that BOXO is becoming a recognized player in the industry,” said David Stybr, BOXO Productions CEO. The uniqueness of the deal is that BOXO has the right to the same percentage in the case that any sequel for the movies is created. This constitutes an additional bonus, as the potential for considerable revenue remains without further financial investment into the franchise. The acquisition is increasing BOXO assets by a multiple of 4 (four), bringing a total of 49 projects under the brand. BOXO plans to manage private content library funds. This very significant increase in assets under management will attract high net-worth and institutional investors and provide them with the confidence that we are a mature business with the experience to manage and develop large content libraries. BOXO will make publicly available the details about each of the projects with its development plans, expected revenues and description. 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 a percentage ownership in the following content: 7 finalized movies 6 television series 2 Documentaries 29 projects currently in production The full list will follow shortly after this release. The acquisition was paid through proceeds from real estate in amount of USD $7,250,000 and by shares issued at a price for 6.5 cents. Our partners believe that the Livento management team and BOXO is a strategic partner that has the right foundations and enroute to build a much larger movie and entertainment company. These shares are restricted for a period of 6 months. Our Partners who are now Investors and shareholders consider this a long-term investment and are fully aware of the company’s ambition to proceed and apply to up list to NASDAQ. Several videos showcasing some of the content can be seen here: Video 1 - Video 2 “The capital increase is a step forward for Livento’s plan to progress to NASDAQ. We have increased our yearly revenues by 80% and we anticipate a significant increase in our market valuation. Revenues from movies that have already been released will increase our revenue and cash flow, thereby enhancing our ability to invest in new projects” commented David Stybr About Livento Group, Inc. Livento Group (OTC: NUGN ) is focused on acquiring and developing companies with disruptive business models. The company recently launched BOXO Productions, a film and television production subsidiary led by a top actor and producers in the industry. 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 can identify these statements as predictions, projections, or references future events and expectations, possibilities or similar. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. Although the Company believes 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 attained due to several variable factors. Factors or events that could cause actual results to differ may emerge, 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, effects of continued geopolitical unrest and regional conflicts, in customer order patterns, changes in consumer trends, and various other factors beyond the Company's control. 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. Contact: David Stybr, CEO Livento Group, Inc. ir@liventogroup.com Livento Group | LinkedIn | Twitter Boxo Productions | LinkedIn | Twitter | Instagram | Facebook Global Dot Logistics | LinkedIn | Twitter Contact Details Livento Group, Inc. ir@liventogroup.com
May 30, 2023 09:15 AM Eastern Daylight Time