Golden Triangle Ventures Announces Key Milestone for Its Logistics Division; Motor Carrier Authority and DOT Licenses Secured
Golden Triangle Ventures Inc. (OTC PINK: GTVH) has announced a significant milestone for its logistics division. LE Logistics, a wholly owned subsidiary of GTVH, has secured its Motor Carrier Authority (MC) and U.S. Department of Transportation (DOT) licenses. This achievement allows LE to launch its freight division and begin operations with its initial fleet under a new, clean operating license.
The company initially planned to transfer existing licenses from Cargo Management Group (CMG) but faced regulatory challenges. Instead, LE Logistics obtained fresh licenses, providing a stronger operational foundation. GTVH is now finalizing an operating agreement with CMG to transfer full operational control of CMG's business operations and revenues to LE Logistics, enabling management of a broader asset group under the new authority.
Golden Triangle Ventures Inc. (OTC PINK: GTVH) ha annunciato un traguardo significativo per la sua divisione logistica. LE Logistics, una controllata interamente di GTVH, ha ottenuto le sue licenze per il Trasporto di Merci (MC) e del Dipartimento dei Trasporti degli Stati Uniti (DOT). Questo risultato consente a LE di avviare la sua divisione cargo e dare il via alle operazioni con la sua flotta iniziale sotto una nuova licenza operativa pulita.
Inizialmente, l'azienda aveva pianificato di trasferire le licenze esistenti dal Cargo Management Group (CMG), ma ha affrontato sfide normative. Invece, LE Logistics ha ottenuto nuove licenze, fornendo una base operativa più solida. GTVH sta ora finalizzando un accordo operativo con CMG per trasferire il pieno controllo operativo delle operazioni commerciali e dei ricavi di CMG a LE Logistics, consentendo la gestione di un gruppo di beni più ampio sotto la nuova autorità.
Golden Triangle Ventures Inc. (OTC PINK: GTVH) ha anunciado un hito importante para su división de logística. LE Logistics, una subsidiaria de propiedad total de GTVH, ha obtenido sus licencias de Autoridad de Transporte por Carretera (MC) y del Departamento de Transporte de EE. UU. (DOT). Este logro permite a LE lanzar su división de carga y comenzar operaciones con su flota inicial bajo una nueva licencia operativa limpia.
La empresa inicialmente planeó transferir licencias existentes del Cargo Management Group (CMG), pero enfrentó desafíos regulatorios. En su lugar, LE Logistics obtuvo nuevas licencias, brindando una base operativa más sólida. GTVH ahora está finalizando un acuerdo operativo con CMG para transferir el control operativo total de las operaciones y los ingresos comerciales de CMG a LE Logistics, lo que permite gestionar un grupo de activos más amplio bajo la nueva autoridad.
골든 트라이앵글 벤처스 Inc. (OTC PINK: GTVH)는 물류 부문의 중요한 이정표를 발표했습니다. LE Logistics는 GTVH의 완전 자회사로, 운송업체 권한(MC)과 미국 교통부(DOT) 라이선스를 확보했습니다. 이 성과를 통해 LE는 화물 부서를 시작하고 새로운 청정 운영 라이선스 하에 초기 함대와 함께 운영을 시작할 수 있게 되었습니다.
회사는 최초에 Cargo Management Group(CMG)에서 기존 라이선스를 이전할 계획이었지만 규제 문제에 직면했습니다. 대신, LE Logistics는 새로운 라이선스를 취득하여 보다 강력한 운영 기반을 제공합니다. GTVH는 현재 CMG와의 운영 계약을 마무리하여 CMG의 사업 운영 및 수익의 전체 운영 권한을 LE Logistics로 이전하여 새로운 권한 하에 더 넓은 자산 그룹을 관리할 수 있게 하고 있습니다.
Golden Triangle Ventures Inc. (OTC PINK: GTVH) a annoncé une étape importante pour sa division logistique. LE Logistics, une filiale entièrement détenue par GTVH, a obtenu ses licences d'autorité de transport (MC) et du Département des Transports des États-Unis (DOT). Cette réalisation permet à LE de lancer sa division fret et de commencer ses opérations avec sa flotte initiale sous une nouvelle licence d'exploitation propre.
L'entreprise prévoyait initialement de transférer des licences existantes du Cargo Management Group (CMG), mais a rencontré des défis réglementaires. En conséquence, LE Logistics a obtenu de nouvelles licences, offrant ainsi une base opérationnelle plus solide. GTVH finalise actuellement un accord opérationnel avec CMG pour transférer le contrôle opérationnel complet des opérations commerciales et des revenus de CMG à LE Logistics, permettant la gestion d'un groupe d'actifs plus large sous la nouvelle autorité.
Golden Triangle Ventures Inc. (OTC PINK: GTVH) hat einen bedeutenden Meilenstein für seine Logistik-Sparte bekannt gegeben. LE Logistics, eine hundertprozentige Tochtergesellschaft von GTVH, hat ihre Transportgenehmigung (MC) und Lizenzen des US-Verkehrsministeriums (DOT) gesichert. Dieser Erfolg erlaubt es LE, ihre Frachtabteilung zu starten und mit ihrer ersten Flotte unter einer neuen, sauberen Betriebslizenz zu beginnen.
Das Unternehmen hatte ursprünglich geplant, bestehende Lizenzen von Cargo Management Group (CMG) zu übertragen, sah sich jedoch regulatorischen Herausforderungen gegenüber. Stattdessen hat LE Logistics neue Lizenzen erhalten, die eine stärkere operative Grundlage bieten. GTVH finalisiert nun einen Betriebsvertrag mit CMG, um die volle operative Kontrolle über die Geschäftstätigkeiten und Einnahmen von CMG an LE Logistics zu übertragen, was die Verwaltung einer breiteren Vermögensgruppe unter der neuen Autorität ermöglicht.
- Secured Motor Carrier Authority and DOT licenses for LE Logistics
- New licenses provide a clean and unencumbered operational foundation
- Positioned to launch freight division and commence operations immediately
- Finalizing agreement to transfer operational control of CMG's business to LE Logistics
- Set to manage a broader group of assets under new authority
- Delay in original timeline due to regulatory hurdles
- Unable to complete planned transfer of existing licenses from CMG
LAS VEGAS, Aug. 22, 2024 (GLOBE NEWSWIRE) -- via IBN -- Golden Triangle Ventures Inc. (OTC PINK: GTVH) (“GTV” or the “Company”) is pleased to announce a major development in its logistics division. LE Logistics, LLC (“LE”), a wholly owned subsidiary of Golden Triangle Ventures, has officially secured its Motor Carrier Authority (MC) and U.S. Department of Transportation (DOT) licenses. This achievement positions LE to immediately launch its freight division under the GTV umbrella and commence operations with its initial fleet of assets under a brand-new, clean operating license.
The journey towards securing these licenses has been met with both challenges and opportunities. Initially, the Company planned to transfer the existing MC and DOT licenses from Cargo Management Group (“CMG”) to LE Logistics as part of its strategic acquisition. However, due to regulatory requirements from the Federal Motor Carrier Safety Administration (FMCSA), the transfer was not completed, as it required a full merger with CMG — an operation that was not aligned with GTV’s current business objectives. While this regulatory hurdle caused a delay in the Company’s original timeline, it ultimately allowed LE Logistics to officially secure a fresh and unencumbered operating license, setting the stage for a stronger and more compliant operational foundation.
With the new licenses in hand, LE Logistics is now primed to execute its strategy of operating a larger fleet of assets, driving increased business cash flow directly through the Company. As a significant next step, GTV is finalizing a comprehensive operating agreement with TK Zarro, LLC, doing business as Cargo Management Group. This agreement will transfer full operational control of CMG’s business operations and revenues to LE Logistics, enabling LE to manage a much broader group of assets under its newly acquired authority.
Steffan Dalsgaard, CEO of Golden Triangle Ventures, commented: “Securing these licenses for LE Logistics is a crucial milestone in our ongoing efforts to expand and strengthen our logistics division. Although the path was not without its challenges, the result is a cleaner and more robust operational structure that aligns with our long-term vision for growth. We are now fully equipped to accelerate our business strategy, soon to begin driving substantial revenue growth, and deliver an enhanced value to our shareholders.”
About Golden Triangle Ventures, Inc.
Golden Triangle Ventures, Inc. or “GTV” is a multifaceted consulting company, which operates as the parent business pursuing ventures in the health, entertainment and technology sectors, along with others that provide synergistic value to these three core divisions. The Company aims to purchase, acquire, and/or joint venture with established entities within these areas of business. The goods and services represented are driven by innovators who have passion and commitment in these marketplaces. The Company plans to utilize relationships and create a platform for new and existing businesses to strengthen their products and/or services. The three points of the Golden Triangle exclusively represent the three sectors in which this Company aims to do business. Golden Triangle Ventures is highly focused on acquiring a well-diversified portfolio of companies under one umbrella, which are all managed and owned by the Company. An amazing team of professionals supports each division and continues to help the Company grow daily. Being a publicly traded Company gives the ability to provide the support needed to help each subsidiary grow into the business that management believes it can and will become.
Golden Triangle Ventures’ business model is supported by the drive for vertical integration to cut costs and maximize margins. Management strives to acquire entities and assets that they fully understand, which maintain the prospect for long-term exponential growth. The mission is to provide the necessary resources for each subsidiary to generate profit, and then allow them to leverage each other and maximize economic impact. In addition, GTV provides a professional corporate representation service to different companies in these sectors while consulting on a variety of different business development objectives.
The backbone of this business is truly a team of professional advisors looking to help companies with a multitude of corporate objectives. With an extensive Rolodex of relationships, management can help with a dynamic range of project obstacles while maintaining a quality service for each client the Company represents. No matter what the needs are, the team involved can help facilitate many different transactions successfully for all parties involved. The network of relationships expands to industry experts who can assist with project management, product sourcing, industrial agriculture project implementation and so much more. Golden Triangle Ventures develops strategies and detailed plans that are custom-tailored to each corporate need and objective in all areas of business.
The GTV business model is focused on the following core group of interests:
Acquisitions / Assets / Holdings - The Company currently owns a unique portfolio of companies that are all being developed and supported by GTV, each holding a common goal of making a positive impact in the industry in which they operate.
Services - Services are deployed through Golden Triangle Ventures to assist all the unique opportunities within its operation. The Company also offers its services to select opportunities that could develop synergistic value within the relationship between both companies through the result of its efforts.
Investments - Management identifies high-value opportunities and provides capital investments in several companies and projects being developed. Each investment is complemented by a hands-on approach of helping to develop the overall direction and strategic plan for each opportunity.
For more information, visit us at: www.GoldenTriangleInc.com
About Lavish Entertainment, Inc.
Lavish Entertainment, Inc. is a wholly owned subsidiary of Golden Triangle Ventures operating under its Entertainment Division. Currently conducting its business out of Las Vegas, Nevada, the Company started doing business in 2017 and was established with a vision of becoming nationally recognized in concert production. The Company currently has more than 30,000 national followers and nearly 100 team members who have helped Lavish successfully organize some of the most exciting electronic dance music concerts in Las Vegas. Lavish Entertainment strives to produce high-quality and professional events that provide an immersive experience through state-of-the-art production and sound implementation.
Lavish Entertainment is currently developing a flagship entertainment complex called Destino Ranch, which intends to become an ideal outdoor music and festival venue, immersive art installation, tourist attraction, and world-renowned destination center. The Company recently secured a purchase agreement to acquire nearly 70 acres of prime and improved land for its Destino Ranch project, which is strategically located in Arizona. The property secured has upgrades that represent a substantial investment totaling nearly
Lavish Entertainment acquired ABI Create (www.ABICreate.com) as a wholly owned subsidiary of its Entertainment division. Founded in 2015 by Marco Antonio Moreno, ABI Create has earned a reputation for delivering top-quality productions at major events across the United States. ABI’s commitment to excellence and innovation is showcased in projects developed for multiple NFL Super Bowls, San Diego and New York Comic Con, EDC and Camp EDC, Bonnaroo Music Festival, the Waste Management Phoenix Open, Arnold Palmer Invitational, alternative events such as Burning Man, and numerous other high-profile projects. ABI offers an all-in-one approach, making it a preferred partner for large-scale productions with a comprehensive suite of services including event organization, management, production, logistics and site planning and permit consulting, construction, contracting, custom design and fabrication. The strategic acquisition of ABI Create enhances Lavish Entertainment’s operational capabilities by providing an in-house support structure for all internal productions and projects. With Moreno now serving as president and COO of Lavish Entertainment, the relationship between ABI and Lavish intends to drive new levels of creativity and operational success throughout the organization. ABI Create’s integration further supports Lavish’s goal of becoming an industry leading entertainment company.
Four-Pillar Business Model
Lavish Entertainment’s revised model encompasses the following key foundational elements: logistics, staffing, equipment, and production. These pillars were meticulously identified and organized to complement each other and ensure seamless operations across all facets of the Company. To enhance its bandwidth and expand service offerings, Lavish Entertainment intends to develop and acquire operations in each of the four key areas.
1. Logistics: Effective logistics are crucial for any successful entertainment operation. Coordinating event schedules, managing transportation and venue setup are pivotal in ensuring smooth operations and optimal audience experiences. By establishing a dedicated logistics division, Lavish Entertainment streamlines event planning, enhances coordination of resources, minimizes delays, and boosts overall efficiency. This integrated approach is instrumental in managing the complex movement of resources required for Lavish Entertainment's operations and projects like Destino Ranch. Recently, GTV acquired Cargo Management Group to fully support Lavish’s logistics division.
2. Staffing: Talent and manpower are essential assets in the entertainment industry. Skilled technicians, event coordinators and guest services personnel are critical for delivering memorable experiences. Lavish Entertainment’s staffing division focuses on recruiting, training and managing diverse talent to meet operational demands. By cultivating a well-trained and motivated workforce, Lavish Entertainment elevates service quality and fosters a culture of excellence crucial for exceptional guest experiences at its events.
3. Equipment: Cutting-edge equipment and state-of-the-art technology are central to Lavish Entertainment’s corporate vision. From orchestral-quality sound systems to advanced lighting and visual effects equipment, investing in top-tier gear is essential for creating immersive entertainment experiences. Lavish’s strategy emphasizes acquiring, maintaining and upgrading an extensive equipment inventory to support diverse productions and events. This commitment allows the Company to innovate, captivate audiences and leave a lasting impression with each event.
4. Production: Production expertise is paramount in delivering successful entertainment experiences. Whether designing stage sets, crafting narratives or executing live performances, proficiency in production defines memorable events. Lavish leverages seasoned professionals to conceptualize, plan and execute diverse entertainment experiences—from concerts and theatrical productions to immersive events and sensory spectacles. This dedication to production excellence ensures each event is meticulously crafted to deliver unparalleled entertainment.
Forward-Looking Statements
Certain information set forth in this press release contains "forward-looking information," including "future-oriented financial information" and "financial outlook," under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vii) renewal of the Company's current customer, supplier and other material agreements; and (viii) future liquidity, working capital and capital requirements. Forward-looking statements are provided to give potential investors the opportunity to understand management's beliefs and opinions in respect to the future so they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance, and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The Securities and Exchange Commission ("SEC") has provided guidance to issuers regarding the use of social media to disclose material nonpublic information. In this regard, investors and others should note that we announce material financial information on our Company website, www.GoldenTriangleInc.com, in addition to SEC filings, press releases, public conference calls and webcasts. We also use social media to communicate with the public about our Company, our services and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, in light of the SEC's guidance, we encourage investors, the media and others interested in our Company to review the information we post on the following U.S. social media channels:
Twitter: www.twitter.com/GTV_Inc
CONTACT INFORMATION:
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info@GoldenTriangleInc.com
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FAQ
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