BOCA
RATON, Fla., July 19,
2024 /PRNewswire/ -- Greenlite Ventures Inc. (OTC
Pink: GRNL) has announced the signing of a Reorganization
Agreement with No Limit Technology Holdings Inc. (No Limit), a
company involved in the sports betting and
cryptocurrency markets. The agreement has been
submitted to FINRA pursuant to its company-related action review
process. Once the review is concluded, and FINRA advises the
company that no further action is required, the acquisition will be
deemed closed. However, the decision to conclude the review
and determine that no further action is required is entirely within
the authority of FINRA and no assurance can be given that such will
be the case.
As a result of the acquisition, GRNL will own all physical
assets and intellectual property previously owned and developed by
No Limit. In consideration, No Limit has acquired majority
shareholder control of GRNL, and No Limit founder and CEO
Rafael Groswirt will be appointed as
GRNL's new CEO
With this acquisition, GRNL seeks to create a
decentralized sports betting ecosystem.
Utilizing blockchain technology, cryptocurrency,
artificial intelligence, and peer-to-peer algorithms, GRNL plans to
launch a sports betting exchange powered by its own
cryptocurrency, the No Limit Coin. The platform is
intended to offer financial benefits to users, including a greatly
reduced house take and non-custodial wallets that allow users to
always be in control of their funds.
Contact: Rafael Groswirt
901 909 9089 rafael@greenliteventures.com
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements are based on current
expectations, estimates, and projections about our industry,
management's beliefs, and certain assumptions made by us. Words
such as "anticipates," "expects," "intends," "plans," "believes,"
"seeks," "estimates," and similar expressions are intended to
identify forward-looking statements. These statements are not
guarantees of future performance and are subject to certain risks,
uncertainties, and assumptions that are difficult to predict.
Therefore, actual outcomes and results may differ materially from
what is expressed or forecasted in such forward-looking statements.
Factors that could cause actual results to differ materially from
those expressed or implied in forward-looking statements include
those described in our filings with the Securities and Exchange
Commission. We undertake no obligation to update publicly any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
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SOURCE Greenlite Ventures Inc.