Lakeba Group Announces Dismissal of Legal Proceedings with Former Shareholders

Lakeba Group, a prominent leader in technology innovation, is pleased to announce the resolution of its legal dispute with former shareholders. This legal proceeding initiated by the Plaintiffs has been officially discontinued without any admission of liability and no cost orders against Lakeba Group.

The legal proceeding revolved around Subscription Agreements, has been brought to a close by the Plaintiffs themselves. Throughout the proceedings, Lakeba Group consistently upheld its commitment to legal and ethical standards. The dismissal of the case allows the company to avoid lengthy litigation and the associated costs.

Giuseppe Porcelli, Founder and Chairman of Lakeba Group, remarked:

“We are pleased to have this matter resolved, allowing us to refocus on our mission of driving innovation and delivering value to our stakeholders. The discontinuance is a positive outcome for our company and shareholders, enabling us to continue our work without unnecessary distractions disruptions.”

Lakeba Group and the board are pleased with this result and remain committed to acting in the best interest of the shareholders.

Lakeba Group remains steadfast in its commitment to integrity, innovation, and excellence. The company looks forward to continuing its growth and solidifying its leadership in the technology sector.

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About Lakeba

Lakeba builds businesses that are optimised for high returns from low investment, at low risk when compared with the start-up sector. It utilises proprietary artificial intelligence (AI), decades of business and technology experience, and scalable shared services, to support each phase of business building. So far it has ‘conceived, created and commercialised’ 15 ventures, of which three have already been spun-out.

The unique Lakeba AI ‘neural network’ ‘conceives’ opportunities by continually interrogating the internet to establish patterns which suggest a business ‘need’ that could be solved digitally. Its entrepreneurs then double check this analysis and determine the viability of the business idea and its commercial potential.

To ‘create’ a venture, Lakeba works with partners, industry, and the wider innovations ecosystem to create digital technologies that eliminate the frictions identified by the neural network. A team of technologists, designers, and entrepreneurs build out the value proposition and establish the business. Lakeba invests its time, capabilities, capital and resources to craft ideas into reality.

‘Commercialise’ is the final stage of the Lakeba process. Once the digital proof of concept delivers on its promise, it is enhanced with radical intelligence. Working with partners, investors and the customers, Lakeba’s team refines and optimises the operations and distribution to rapidly commercialise the venture. This ensures the business continuously delivers value to customers as it scales and diversifies across industries and the globe.

Lakeba Group was founded by Giuseppe Porcelli, Entrepreneur and Visionary of Future Technology.