Mikel Anderson Signs Agreement
to Acquire Voting Control of Greenlite Ventures
Boca Raton, FL -- November 15, 2023 -- InvestorsHub NewsWire --
Greenlite Ventures, Inc. dba Game Time Productions (OTC
Pink: "GRNL") has announced the signing of a Term Sheet with
renowned inventor and scientist Mikel Anderson that will give
Greenlite up to 100% of all present and future revenues generated
by Anderson's products and patents. If the deal is completed,
Anderson will receive a new series of Preferred Stock granting him
voting control of Greenlite along with 20 million restricted
shares. The Preferred Shares currently owned by Chairman Russ
Elbaum and CEO Adam Pennington that are convertible into 75 million
common shares will be retired.
Mikel Anderson is the inventor and manufacturer of a wide
array of breakthrough products and delivery systems that have begun
disrupting the food, beverage, cosmetics, and wellness industries.
His "Dosing Cap" technology, which is protected by numerous
patents, has thousands of applications for the improved delivery of
vitamins, pharmaceuticals, cosmetics, and beverages. He is
currently producing Mushroom Elixirs as well as Kava and Kratom
drinks for several well-known celebrities and athletes that have
become instant successes in their space. Some of his most recent
pioneering breakthroughs include "EggHead Nutrition" Protein Bars
and Protein Powders made from premium egg-whites and a new line of
unique energy, focus and "feel good" drinks called Beverly Hills
Herbal Company. Anderson has recently begun work with independent
testers on mushroom formulations and delivery systems that can
potentially treat addiction, PTSD, and other forms of anxiety and
depression.
The newly signed Agreement, when finalized, will supersede and
greatly expand Anderson's previous Consulting Agreement with
Greenlite. The joint mission is to consolidate as much of
Anderson's business interests into Greenlite as possible, including
all newly created revenue streams. "This is exactly what we were
hoping for when we signed Mikel to be our Director of Product
Development", said Adam Pennington, Greenlite CEO. "As we fully
grasped the life changing potential and magnitude of his inventions
and patents, along with the extraordinary revenue streams his new
celebrity branded products have generated right out of the box, we
realized that the greatest thing we could do for our shareholders
was to bring as many of those patents and businesses into Greenlite
as quickly as possible. This Agreement is a gigantic step toward
accomplishing that goal."
Mikel Anderson concluded, "I believe Greenlite is the best
possible home for my team and our products on many levels. Over the
last few months, I have gotten to know everyone involved with
Greenlite and we've quickly built a strong mutual trust and respect
for each other's capabilities. On top of that we have great
synergies with Game Time's pro sport licensing businesses, and we
are very close to launching new branded beverages with a number of
Game Time's existing clients. The Company's share structure could
not be better and our two-year Game Time audit has just been
completed. We are positioned to raise the money we need
without using convertible debt instruments that are excessively
dilutive to shareholders' interests. The enormity of the
opportunities we are pursuing and attempting to fully develop is
going to require talent, teamwork and total dedication from top to
bottom and I am extremely confident that we are building an
organization that will be more than up to the task."
ABOUT GAME TIME
PRODUCTIONS
Game Time Productions is a rapidly rising player in the Sports
Licensing and Merchandising markets through the acquisition of Game
Time Watches and Game Time Bands. Game Time is the leader in
licensed sports watches having active, ongoing license agreements
with the NFL, MLB, NHL, NASCAR, and WWE, along with several iconic
athletes and brands. The Company recently entered the health
and fitness arena through the acquisitions of Altitude Chambers and
Altitude Wellness, which are the flagship brands for the Game Time
Performance division. GRNL also recently formed Game Time Media,
Inc, to develop its podcast content and distribution networks,
along with its social media, public relations and media outreach
efforts. For more information please visit
gametimeproductions.com
SAFE HARBOR STATEMENT
This press release contains certain "forward-looking
statements," as defined in the United States Private
Securities Litigation Reform Act of 195, 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 and other factors identified in the Company's
previous filings with the Securities and Exchange Commission 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 contained in this press release should be
construed as any indication of the Company's future revenues,
results of operations, or stock price.
Contact:
Russ Elbaum
631 561 3401
