Greenlite Ventures
Completes Agreement with No Limit Technology
Boca Raton, FL -- July
19, 2024 -- InvestorsHub NewsWire -- 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.