Elite Group, Inc. Addresses Shareholders

FRISCO, Texas, June 01, 2017 (GLOBE NEWSWIRE) -- Elite Group, Inc. (OTC:ELTZ) would like to address shareholders on several key developments and changes that have recently occurred within the corporation.

First and foremost, in March the company officially changed its name on OTC Markets from Elite Books, Inc. to Elite Group, Inc. This move was motivated by a change in direction of the corporation towards the Oil and Gas sector.

Secondly, realizing the usefulness of social media, the company has contracted a service to disseminate news and information to shareholders via Twitter and Facebook. Once this service is up and running we will put out a news release encouraging shareholders to follow and like these pages and to check them frequently for information. Additionally, the company has contracted The Olibri Group of Tampa Florida to perform Investor Relations duties. As of this release any shareholder wishing to get information about Elite Group is encouraged to call or email The Olibri Group. Their contact information will be at the end of this release.

Lastly, the company is pleased to announce that we are in the final stages of negotiations for the purchase of several Oil and Gas related acquisitions. We are working day and night to complete the purchase, and expect that it will be completed in the near term.

Elite Group CEO Terrence Tecco said, “We realize that our communication with shareholders has not been to the standards we like, and have put into place a plan to deliver information on a more regular basis. We are moving in the right direction, into a space where monumental growth can be achieved with the right plan.”

The company wishes to thank our current shareholders for their continued support and welcome all new shareholders that choose to invest in Elite Group, Inc.

Safe Harbor Act Notice: Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

For further information please contact: Briggs Smith The Olibri Group info@olibrigroup.com 813-438-5225

Source:Elite Group, Inc.