Greenlite Ventures Issues Corporate Update
Rhea-AI Summary
Greenlite Ventures (OTC PINK:GRNL) has released a corporate update following its merger with No Limit Technology Holdings. The company is developing a sports-betting ecosystem using AI technology, blockchain, and peer-to-peer algorithms. Key initiatives include:
1. Launching the No Limit AI Sports Advisory Service for premium subscribers, offering Arbitrage Alerts and real-time statistical updates.
2. Introducing a Daily Fantasy Sports (DFS) platform for the upcoming NFL season, powered by NoLimitCoin (NLC).
3. Launching a decentralized crypto exchange in Q4, modeled after Uniswap's non-custodial DEX.
4. Leveraging existing sports betting podcast networks and licensing deals with brands like Woodway and Bare Knuckle Fighting.
The company aims to achieve low player acquisition costs and high retention rates in the sports betting industry.
Positive
- Merger between No Limit Technology Holdings and GRNL completed
- Development of AI-powered sports betting ecosystem with blockchain integration
- Launch of No Limit AI Sports Advisory Service with Arbitrage Alerts
- Upcoming launch of Daily Fantasy Sports (DFS) platform for NFL season
- Planned launch of decentralized crypto exchange in Q4
- Existing licensing deals with sports brands like Woodway and Bare Knuckle Fighting
- Potential for low player acquisition costs and high retention rates
Negative
- None.
News Market Reaction – GRNL
On the day this news was published, GRNL gained 2.50%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
LOS ANGELES, CA / ACCESSWIRE / August 2, 2024 / Greenlite Ventures, Inc. (OTC PINK:GRNL) Rafael Groswirt, the new CEO of Greenlite Ventures, Inc. has just released the following statement:
"Now that the merger between No Limit Technology Holdings and GRNL has been completed, I want to take this opportunity to bring our shareholders fully up to date regarding our new corporate structure and near-term plans. It is my intent to continuously share our progress and achievements with you through our various messaging, video, and social media platforms.
Our Company is well on its way to becoming a fully integrated sports-betting ecosystem. Utilizing our own sports-centric AI technology along with the efficiency of blockchain and our peer-to-peer algorithms, we are building non-custodial sports betting platforms, sports advisory services, and crypto exchanges that offer direct user benefits never before seen in these markets. Add to this the sports licensing and ready-to-grow media platforms GRNL has already put in place, and we believe we can achieve some of the lowest player acquisition costs and highest player retention rates in the industry.
Our top priority is launching the No Limit AI Sports Advisory Service. This service will provide premium weekly subscribers with Arbitrage Alerts, enabling them to secure guaranteed arbitrage profits by leveraging line movements and odds discrepancies identified by No Limit AI across multiple betting platforms. Our AI technology also provides subscribers with real-time statistical updates that can instantly provide highly favorable betting opportunities for in-game, prop, and fantasy plays.
GRNL's Director of Podcasting, Jeff DeForrest, will soon be appearing on several prominent radio shows and podcasts across the country to showcase our AI Arbitrage Service to the betting public. Additionally, notable celebrities will join DeForrest on GRNL's "Bury Your Bookie" podcasts to further promote our No Limit AI betting services.
We will be launching our Daily Fantasy Sports (DFS) platform in time for the upcoming NFL season. Our NoLimitCoin (NLC) powers the DFS app and will be utilized as the currency for all No Limit fantasy contests. We will also be introducing our decentralized crypto exchange in Q4 modeled after Uniswap's non-custodial DEX that incorporates US compliant KYC and AML systems.
Even though this merger has just been completed, it feels like No Limit and Greenlite have been working together for the last 18 months. While we were building our breakthrough betting, crypto, and AI applications, Greenlite was putting together a sports betting podcast network as well as licensing deals with mega sports brands like Woodway and Bare Knuckle Fighting, all of which fit perfectly into our ecosystem. I feel truly blessed to be in this position and pledge total dedication from our talented team to achieve the greatest possible returns for our shareholders."
ABOUT GREENLITE VENTURES:
Through its merger with No Limit Technology Holdings Inc., GRNL is bringing together the efficiency of blockchain technology, cryptocurrency, Artificial Intelligence and newly developed peer-to-peer algorithms powered by NoLimitCoin (NLC) to dramatically disrupt the
SAFE HARBOR STATEMENT
This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. The economic, competitive, governmental, technological risks pertaining to the Company's business may cause actual results or events to differ materially from those described in the forward-looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information future events or otherwise. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.
Contact: Jeff DeForrest; 954 288 4725; jeffdeforrest5@gmail.com
Website: https://greenliteventures.com/
SOURCE: Greenlite Ventures, Inc.
View the original press release on accesswire.com
FAQ
What is Greenlite Ventures' (GRNL) main focus after the merger with No Limit Technology Holdings?
When will Greenlite Ventures (GRNL) launch its Daily Fantasy Sports (DFS) platform?
What is the No Limit AI Sports Advisory Service offered by Greenlite Ventures (GRNL)?
When does Greenlite Ventures (GRNL) plan to launch its decentralized crypto exchange?
