Livento Group (NUGN) Logistics Holding Development Update
New York, NY
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May 10, 2023 09:18 AM Eastern Daylight Time
NuGene International, Inc./Livento Group, Inc. (OTC: NUGN), is a dynamic group that specializes in acquiring and developing companies with disruptive business models.
Livento is proud to announce the start of Global Dot Logistics (GDL). Specializing in the logistics sector, GDL will operate primarily as a holding company for multiple logistics subsidiaries across USA and Europe, with Livento holding an 15% ownership stake in the company. Livento Group’s management works actively with GDL, and its management contract will bring further revenues to the company.
As part of its growth plan, Livento announces the official renaming of its logistics subsidiary from “Eurodot” to “Global Dot Logistics.” GDL's objective is to expand through acquisitions, utilizing the holding company to manage and operate its subsidiary companies. GDL plans to scale up rapidly and create a global logistics network across the USA and EU.
GDL is excited to confirm the completion of an acquisition of a target company in Prague established in 2009, which has grown organically over the years, adding multiple transportation methods including road, air, sea, and rail, as well as storage services. With a turnover of $16m in 2022 and an extensive client base of globally recognized companies, the acquisition is a significant milestone for GDL. Livento Group’s management actively supports GDL's vision and growth plans.
GDL's management team is currently in discussions for a second acquisition, with due diligence already underway for a company based in Nevada, USA. The company currently operates in the trucking sector and provides managed warehouse services.
Global Dot Logistics has set an ambitious target turnover of over $55m within the next 12 months, which will be achieved through acquisitions. The companies within the GDL group will benefit from its internal distribution network across the USA and Europe, which will facilitate seamless operations.
Global Dot Logistics has obtained Reg A certification from the SEC and completed the registration process for Reg D. GDL plans to raise $5 million initially via Reg A and subsequently pursue additional acquisitions through Reg A/D offerings. Livento Group's establishment of Global Dot Logistics marks another significant step in the group's growth strategy. The subsidiary's focus on acquisitions and its vision for a global logistics network, supported by Livento group, positions Global Dot Logistics to become a dominant player in the logistics sector.
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.
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Livento Group, Inc.
