DLT Resolution Inc. Advances Growth Strategy with Acquisition of Global Motor Trade Group of Companies

Rhea-AI Summary

DLT Resolution Inc. (DLTI) announces strategic acquisitions to bolster its Gross Sales by an additional USD $50,000,000. The acquisitions aim to strengthen the company's offerings, diversified holdings, and market expansion, showcasing a shared vision of innovation and value creation for customers and stakeholders.

The all stock transaction would bolster DLT's Gross Sales by an additional USD $50,000,000

LAS VEGAS, NV / ACCESSWIRE / February 20, 2024 / DLT Resolution Inc. (OTC Pink:DLTI), a prominent Software as a Service (SAAS), information technology, and communication company, proudly announces the signing of a Term Sheet to acquire 100% ownership of Global Motor Trade LLC, Global Motor Trade International LLC, SJ Auto Trade LLC, and WEC International LLC. These strategic acquisitions reinforce DLT Resolution Inc.'s commitment to its growth strategy and market expansion.

The acquisitions highlight DLT Resolution Inc.'s foresight in cultivating a diversified and innovative portfolio aligned with evolving market demands.

Drew Reid, Executive Chairman of DLT Resolution Inc., stated, "These acquisitions mark a significant step towards strengthening our offerings and diversified holdings. We are driven by a shared vision of innovation, excellence, and value creation for our customers and stakeholders."

Charles Brofman of Global Motor Trade Group of Companies expressed enthusiasm, stating, "We are thrilled to be part of this venture. Drew Reid's vision for DLTI aligns perfectly with our growth aspirations. We are already planning our strategy to achieve the next level of revenue within the first twelve months after closing. Additionally, being part of DLTI will enable us to make strategic acquisitions within our industry, enhancing our customer base and international supply chains."

Empowering Future Growth

Global Motor Trade Group of Companies, based in the United States, specializes in international vehicle wholesale distribution and sale, with a primary focus on Canada, China, Europe, Dubai, and worldwide. This strategic move will contribute a combined annual gross revenue of $50,858,000 USD to DLT Resolution Inc.

The acquisition is an all-stock transaction, with an estimated 14,000,000 shares of DLTI to be issued upon closing.

Multiple Add-On Acquisitions Planned

DLT Resolution Inc. is on track to finalize multiple acquisitions within this calendar year, aiming to catalyze growth and expand its market footprint.

Advancing into the Future

The acquisition of Global Motor Trade Group of Companies signifies a substantial step towards amplifying value and expanding horizons. With a shared commitment to innovation and customer-centric excellence, DLT Resolution Inc. is poised to create a lasting impact across sectors, forging an exciting path forward.

About DLT Resolution Inc.

DLT Resolution Inc. has undergone transformative evolution, focusing on driving advancements in telecommunications and technology. Our core operations center around strategic Software as a Service (SAAS) acquisitions, enabling us to seize opportunities in the dynamic world of tech companies and cutting-edge technologies.

At the forefront of our pursuits lies the realm of SAAS, where we revolutionize how businesses operate and engage with their clientele. Through these acquisitions, we empower organizations to leverage state-of-the-art solutions for domestic and global growth.

DLT Resolution Inc. is more than a company; it's a catalyst for technological transformation. We are driven by the pursuit of groundbreaking solutions that empower businesses to navigate the digital era with confidence and embrace the limitless possibilities of telecommunications and technology.

Welcome to the future, where innovation is our foundation, and technology is our compass.

CONTACT:

Drew A. Reid
Executive Chair & CEO
1 (800) 463-5465
dreid@dltresolution.com
www.dltresolution.com

Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements.

SOURCE: DLT Resolution Inc.

View the original press release on accesswire.com

FAQ

What is the purpose of DLT Resolution Inc.'s (DLTI) recent acquisitions?

DLT Resolution Inc. aims to strengthen its offerings, diversified holdings, and market expansion with the strategic acquisitions.

Who expressed enthusiasm for being part of DLTI's venture?

Charles Brofman of Global Motor Trade Group of Companies expressed enthusiasm for being part of DLTI's venture.

What is the estimated number of shares to be issued upon closing of the acquisition?

An estimated 14,000,000 shares of DLTI will be issued upon closing of the acquisition.

What is the combined annual gross revenue contribution from the acquisition?

The acquisition will contribute a combined annual gross revenue of $50,858,000 USD to DLT Resolution Inc.

Where does Global Motor Trade Group of Companies specialize in vehicle distribution?

Global Motor Trade Group of Companies specializes in international vehicle wholesale distribution and sale, with a primary focus on Canada, China, Europe, Dubai, and worldwide.