Golden Triangle Ventures Announces the Appointment of MaloneBailey as its Independent Public Accounting Firm and Independent Auditor

Rhea-AI Summary

Golden Triangle Ventures (OTC PINK:GTVH) has appointed MaloneBailey, LLP as its new independent public accounting firm and auditor. This strategic move comes as part of the company's commitment to enhance transparency and align with SEC compliance to facilitate an 'up-listing' process. MaloneBailey will conduct a comprehensive two-year audit for GTVH, alongside audits for its subsidiaries, Global Health Services and Lavish Entertainment. This initiative is pivotal for GTVH in achieving its goal of becoming a 1934 Act Filer and progressing with planned spin-offs.

Positive

• Appointment of MaloneBailey, LLP enhances transparency and credibility.
• Audit will facilitate compliance with SEC regulations and support up-listing efforts.
• Strategic audits of subsidiaries could unlock future value through spin-offs.

Negative

• The necessity for a new auditor highlights previous compliance issues.
• Transition to PCAOB-audited financials may delay immediate business operations.

LAS VEGAS, NV / ACCESSWIRE / March 29, 2021 / Golden Triangle Ventures, Inc. (OTC PINK:GTVH) announced today that, effectively immediately, it has appointed and retained MaloneBailey, LLP to serve as its new independent public accounting firm and auditor. After conducting an extensive evaluation, the Board of Directors has selected MaloneBailey, LLP (www.Malone-Bailey.com) due to their impeccable reputation, 30 Years' experience in the industry, and their firm's experience with the Public Company Accounting Oversight Board (PCAOB). Malone & Bailey is a Houston-based accounting firm ranked among the top audit firms in America.

The Company reached a decision to engage the selected PCAOB qualified auditor as part of its commitment to provide increased transparency as well as prepare the Company's goal of "up-listing," a process which requires U.S. GAAP, PCAOB-audited financial statements as a primary requirement. Malone & Bailey will be performing a consolidated two-year audit on Golden Triangle Ventures as the Company seeks to become compliant with the SEC. In addition, Malone & Bailey will also conduct an audit on Global Health Services and Lavish Entertainment which will allow the Company to submit both Form 10 Filings and spin-off its two subsidiaries into their own trading entities.

Steffan Dalsgaard, CEO of Golden Triangle Ventures, states, "Becoming an audited Company has been a goal of ours since the inception of this business. We are honored to work with one of the most reputable firms in the nation to help us achieve our goal of becoming a 1934 Act Filer. Having audited financials will give us the ability to file with the SEC and achieve yet another milestone needed to up-list our security and move forward with our previously proposed spin-offs."

About Golden Triangle Ventures, Inc.

Golden Triangle Ventures, Inc. (GTV) is a multifaceted consulting Company pursuing ventures in the Health, Entertainment, and Technology industries. The Company aims to purchase, acquire, and/or joint venture with established entities within these areas of business. Additionally, GTV provides a professional corporate representation service to different companies in these sectors while consulting on a variety of business development objectives. The goods and services represented are driven by innovators who have passion and commitment to 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 represents these three sectors in which the Company aims to do business in.

HEALTH DIVISION

Global Health Services is a wholly-owned subsidiary of Golden Triangle Ventures (operating under its Health Division). Dedicated to the promotion of well-being and natural wellness, the Company currently does business in the Medical PPE space as well as the Industrial Hemp/CBD industry. Additionally, the Company has a vision to promote, market, and generate sales for a myriad of products and services which include a full retail line of high-end, all-natural, health, wellness, and beauty products. To help achieve this vision, Global Health Services is in the process of further developing an extensive online portal that will support the multiple verticals under the company and provide a one-stop-shop for all of the Company's products and services. Moreover, to support overarching business goals, senior management tirelessly works on acquiring and building an array of profitable assets and projects.

ENTERTAINMENT DIVISION

Lavish Entertainment is a wholly owned subsidiary of Golden Triangle Ventures under its Entertainment Division. The Board of Directors has elected to explore the opportunity to Spin off its Entertainment division through a Form 10 Filing, which is anticipated to be filed after the Company completes auditing its financials. Operating out of Las Vegas, Nevada, the Company started doing business in 2017 and was established with a vision of becoming a nationally recognized concert production Company. The Company currently has more than 30,000 national followers and nearly 100 team members which have helped the Company successfully organize some of the most exciting Electronic Dance Music concerts in Las Vegas. Lavish Entertainment is currently Doing Business as (DBA) "EpicRaves" which will eventually become a wholly-owned subsidiary of Lavish Entertainment as the Company expands its business into a variety of other forms of Entertainment.

TECHNOLOGY DIVISION

Golden Triangle Ventures owns 51% of HyFrontier Technologies under its Technology Division. The Company owns a patent-pending process and device technology called "HyGrO", which is a molecular Hydrogen and Oxygen delivery system for Agriculture. Golden Triangle Ventures, Inc. is assisting the Company in commercializing the HyGrO unit for farm and home use in markets across the globe. HyFrontier Technologies, Inc. has a mission to improve global crop production efficiency by producing Hydrogen and Oxygen directly in the water stream. This technology can be used on any species of plant life in nearly any grow medium. Additionally, the system can be retrofitted to wellheads for large-scale agricultural projects, indoor grow operations and small farms or utilized for a multitude of residential home and garden applications. In-house testing has shown evidence that Hydrogen is capable of increasing crop yields by up to 25%, and in many circumstances, a much higher amount. Larger root systems and better overall plant health were also observed by watering plants with the HyGrO unit. Multiple flagship universities are currently working to validate the HyGrO technology, and all preliminary results are extremely positive. To push the development and commercialization of the technology, Management is now in the process of moving the Company headquarters from Colorado to Florida which will transition its operations into a 7800 sq. ft. state-of-the-art manufacturing facility. The Company recently executed a 3-year lease with an option to purchase the entire 24,000 sq. ft. building which will help the business in achieving its ultimate goal of commercializing this technology to the world.

Forward-Looking Information

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; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that 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 result 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 non-public information. In this regard, investors and others should note that we announce material financial information on our investor relations company website, www.TheWaypointRefinery.com, in addition to SEC filings, press releases, public conference calls and webcasts. We use these channels as well as 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:

Facebook: www.facebook.com/GoldenTriangleInc
Twitter: www.twitter.com/GTV_Inc
The Waypoint Refinery, LLC
www.thewaypointrefinery.com
Twitter:@waypointthe

CONTACT INFORMATION

Golden Triangle Ventures, Inc.
3035 E Patrick Ln #15
Las Vegas, NV 89120
info@GoldenTriangleInc.com
1-800-469-2614

SOURCE: Golden Triangle Ventures, Inc.

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FAQ

What is the significance of Golden Triangle Ventures appointing MaloneBailey as its auditor?

This appointment is crucial for enhancing transparency and meeting SEC compliance, necessary for the company's up-listing process.

How will the audit by MaloneBailey impact Golden Triangle Ventures' subsidiaries?

The audit will also include GTVH's subsidiaries, enabling compliance for potential spin-offs and independent trading.

What are the goals of Golden Triangle Ventures with this new auditor?

GTVH aims to achieve 1934 Act Filer status and prepare for an up-listing by ensuring rigorous financial audits.

When will the audit by MaloneBailey begin for Golden Triangle Ventures?

The audit is expected to commence immediately following the appointment.

What are the expected outcomes of the audit for GTVH?

The outcomes include improved financial transparency, compliance with SEC regulations, and support for future business strategies.