Please see our demo site. http://demo.theme4press.com/evolve/layerslider/
The layerslider is working properly.
The following message that you see in layerslider admin console.
This site is not yet authorized to receive plugin updates
This message means you need to buy a license from the author of layerslider in order to receive Automatic Updates and their premium support.
If not, you can wait for our Theme update, and my employer will update the theme bundled layerslider version.