NetworkNewsBreaks – Golden Triangle Ventures Inc
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Posted On: 05/24/2024 4:50:03 PM
NetworkNewsBreaks – Golden Triangle Ventures Inc. (GTVH) Executes LOI to Acquire Cargo Management Group
Golden Triangle Ventures (OTC: GTVH), a multifaceted consulting company, is announcing the execution of a Letter of Intent (“LOI”) with TK Zarro LLC, GTV’s primary note holder, to acquire Cargo Management Group. Golden Triangle Ventures is in the process of finalizing the acquisition. According to the announcement, Cargo Management is a complete shipping, logistics and trucking operation that achieved close to $3 million in top-line revenue in 2023 and presently maintains contracts with prominent corporations including JB Hunt, CH Robinson, Coyote Logistics and Echo Logistics. Cargo Management will support GTV’s Entertainment Division business model, operating under Lavish Entertainment. The announcement further noted that Lavish Entertainment has disclosed its plan to build a comprehensive four-pillar business model that aims to develop and acquire operations in logistics, staffing, equipment and production. “We are dedicated to transforming GTV into a strategic enterprise with operations that support all our divisions. This planned acquisition is designed to provide genuine cash flow through a scalable business model, supporting both Lavish Entertainment and the development and operation of our Destino Ranch project. With a clear strategy to implement the first of our four-pillar business model, our next immediate focus is to address our capital debt structure with TK Zarro and finalize this opportunity to deliver strong shareholder value,” commented Steffan Dalsgaard, CEO of Golden Triangle Ventures.
NOTE TO INVESTORS: The latest news and updates relating to GTVH are available in the company’s newsroom at https://nnw.fm/GTVH
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Golden Triangle Ventures (OTC: GTVH), a multifaceted consulting company, is announcing the execution of a Letter of Intent (“LOI”) with TK Zarro LLC, GTV’s primary note holder, to acquire Cargo Management Group. Golden Triangle Ventures is in the process of finalizing the acquisition. According to the announcement, Cargo Management is a complete shipping, logistics and trucking operation that achieved close to $3 million in top-line revenue in 2023 and presently maintains contracts with prominent corporations including JB Hunt, CH Robinson, Coyote Logistics and Echo Logistics. Cargo Management will support GTV’s Entertainment Division business model, operating under Lavish Entertainment. The announcement further noted that Lavish Entertainment has disclosed its plan to build a comprehensive four-pillar business model that aims to develop and acquire operations in logistics, staffing, equipment and production. “We are dedicated to transforming GTV into a strategic enterprise with operations that support all our divisions. This planned acquisition is designed to provide genuine cash flow through a scalable business model, supporting both Lavish Entertainment and the development and operation of our Destino Ranch project. With a clear strategy to implement the first of our four-pillar business model, our next immediate focus is to address our capital debt structure with TK Zarro and finalize this opportunity to deliver strong shareholder value,” commented Steffan Dalsgaard, CEO of Golden Triangle Ventures.
NOTE TO INVESTORS: The latest news and updates relating to GTVH are available in the company’s newsroom at https://nnw.fm/GTVH
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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