About Livento Group
Livento Group is a US-based company focused on disruptive business models. Livento is a dynamic organization looking for businesses that can deliver value and strong growth. Founded five years ago, we are in continuous development of our own AI & machine learning portfolio system, and the start of the BOXO movie production brand.
Acquisition and merger with NuGene International Inc. delivered the opportunity to boost the value of our business and expand it on a global scale. Our ultimate target is to be listed on major world exchanges so large investors across the globe can participate in our projects.
Livento Group - Always a step ahead
Our production team has been involved in packaging and producing the following movies:
New York, NY, June 21, 2022 (GLOBE NEWSWIRE) -- NuGene International, Inc./Livento Group LLC (OTC Pink: NUGN) today announced that it signed a strategic consultancy agreement with a hotel in Tenerife, in the Canary Islands. The Company will be providing refurbishment consultancy, bank refinancing and long-term strategy services for the property.
“Tenerife is one of the most exquisite locations in the Canary Islands and draws millions of tourists throughout the year,” said David Štýbr, CEO of Livento Group. “We believe that our real estate team, which will be focused exclusively on this project, can deliver added value for this hotel, modernizing it and providing strategic input. This is expected to result in significant upside for investors.”
Livento also has the exclusive right to sell the hotel or find a strategic partner, whereby the Company will receive 20% of the sales price in exchange for short term property financing in amount of maximum USD 350,000. Additionally, Livento will receive monthly fix fee followed by success fees for bank financing and refurbishment milestones. The total revenue can accumulate to USD 750,000 during next 12 months not counting the fee for sale of the property.
The hotel has great growth potential via further development on its plots. It includes following elements:
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About Livento Group LLC
Livento Group (OTC Pink: NUGN) specializes in acquiring and developing companies with disruptive business models. The company is focused on film production, portfolio management and real estate investment. BOXO Productions, its recently launched film and television production subsidiary, is led by top actors and producers in the industry. For more information, visit www.liventogroup.com and www.boxoproductions.com.