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DLT Resolution Inc. (DLTI) is a prominent US publicly traded acquisition company specializing in revitalizing businesses. With recent acquisitions, DLT has strengthened its portfolio, including becoming the largest shareholder of Ciscom Corp. and acquiring Global Motor Trade Group of Companies. Led by Drew Reid, DLT focuses on strategic Software as a Service (SAAS) acquisitions, driving advancements in telecommunications and technology. The company's commitment lies in empowering organizations with cutting-edge solutions and fostering technological transformation.
DLT Resolution (OTC PINK: DLTI) has announced a new exclusive Independent Agent agreement with Michael Carvath of Liverpool, UK, through its subsidiary, Global Motor Trade International. This alliance is expected to generate an additional $10 million in annual sales for the company's Global Motor Trade Group. Carvath's established success in automotive exports, with $8.5 million in 2023 sales, enhances the company's market position. The 3-year agreement includes issuing 100,000 shares at the start and an additional 100,000 shares at the end of each of the two subsequent 12-month periods, contingent on achieving $10 million in sales annually. This partnership aligns with DLT's strategy to diversify and innovate its portfolio, with multiple acquisitions planned by year-end.
DLT Resolution Inc., a publicly traded acquisition company, provided an update on its share exchange transactions with Ciscom Corp., aiming to consolidate ownership but later unwinding due to regulatory issues. DLT issued shares to Concerned Shareholders and entered new agreements with Subject Shareholders. The company focuses on growth initiatives and aligning with disenfranchised shareholders. DLT's ownership position in Ciscom changed from 42.05% to 0%. The closing price per Ciscom common share was $0.09.
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