LOS ANGELES, May 23, 2022 /PRNewswire/ — Bio Lab Naturals, (“the Company”) (OTCQB: BLAB) announced that the company and shareholders of Limitless X, a creative and inspirational lifestyle agency that has launched many industry-leading products industry in the complementary food and CBD sectors, have concluded their share exchange agreement with effect May 20, 2022which made Limitless X a wholly owned subsidiary and the principal operating subsidiary of the Company.
In connection with the share exchange, the Company issued to shareholders common shares of Limitless X equal to approximately 90% of the Company on a fully diluted basis in exchange for all of the shares of Limitless X. Along with the share exchange Jas Mathur, the founder and principal shareholder of Limitless X, has also purchased from Helion Holdings LLC 500,000 Class A super majority preferred voting convertible shares of the company, which at all times carry a number of votes equal to 60% of all outstanding issued shares of common stock of the Company. Unlimited X is a Nevada company incorporated in September 2021.
The Company intends to change its name and will request a stock symbol change in the coming weeks.
Limitless X will continue to carry on the business and principal activities of Bio Lab Naturals, including Prime Time Live, Inc., a Denver, CObased in New York that provides its customers with high-resolution mobile LED displays for entertainment, corporate, civic and sports events.
“Today marks an important milestone for Limitless X,” said Jas MathurCEO of Limitless X, “Our mission is to launch products and services that make people look and feel great. Operating as a public company, we are now able to increase our visibility and exposure on capital markets, expand our brand awareness and bring our market opportunity to a wider investor audience. I look forward to this next step, which is to enter the public markets and transform Limitless X into a successful, fast-growing company and a globally recognized household brand.
Led by a successful entrepreneur and venture capitalist Jas Mathur, Limitless X offers an integrated direct-to-consumer model, memorable brands and premium products, and an ambassador network that includes music stars, movie stars, athletes, and more. With this transaction, the company plans to expand its global ecosystem and continue to provide unique product and service-focused businesses in the health and wellness, beauty and skincare and of CBD.
About Jas Mathur
Jas Mathur is an investor, entrepreneur, and venture capitalist who has built multiple brands in marketing, health, and wellness, generating tens to hundreds of millions of dollars in revenue each year. The digital marketing and branding company he founded, Unlimited, has launched several industry-leading products in the dietary supplement and CBD sectors. He is a trailblazer with over seven million Instagram followers and frequently collaborates with leaders in the sports and entertainment industries.
About Unlimited X
Limitless X is a creative and inspirational lifestyle agency specializing in the full spectrum of digital advertising and marketing. The company has a global ecosystem with three verticals and a series of cutting-edge product and service-driven businesses within each, focused on the health and wellness, beauty and skincare and CBD.
This press release contains “forward-looking statements” within the meaning of the United States federal securities laws. Words such as “expect”, “estimate”, “project”, “budget”, “expect”, “anticipate”, “intend”, “plan”, “may”, “will” , “may”, “should”, “believes”, “predicts”, “potential”, “continues” and other similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results and, accordingly, you should not rely on these forward-looking statements as predictions of future events. The Company cautions that these statements are based on current knowledge and expectations. management and are subject to certain risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from the statements made herein. These risks and uncertainties include, but may s without limitation, an interruption in distribution or sales and/or a decline in sales due to current market conditions caused by the coronavirus pandemic. For a more detailed discussion of these and other risks that could affect our results of operations, see the Company’s reports filed with the Securities and Exchange Commission. The Company’s actual results could differ materially from those contained in the forward-looking statements. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Unlimited X