UPDATE -- Golden Triangle Ventures Announces the Acquisition of Napa Wine Brands, Inc.

Rhea-AI Summary

Golden Triangle Ventures (GTVH) has acquired Napa Wine Brands, focusing on unique brands from Napa and Sonoma Valleys. This strategic move aims to enhance GTV's offerings in specialty wines and food products, leveraging Napa Wine Brands' established market. The partnership is expected to create a platform for innovative products and services, with a goal of immediate cash flow from market-ready items. Both companies' CEOs express excitement about the synergies and growth potential from this merger, anticipating significant benefits for the customer base and the broader market.

Positive

• Acquisition of Napa Wine Brands enhances GTV's portfolio in the specialty wine and food sector.
• Napa Wine Brands has market-ready products expected to generate immediate cash flow.
• Strategic synergy aims to broaden product offerings and create innovative market solutions.

Negative

• None.

LAS VEGAS, NV, May 06, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Golden Triangle Ventures, Inc. (OTC PINK:GTVH) announced today that the Company has acquired Napa Wine Brands, Inc., a synergistic business that has the mission of providing a world-class portfolio of unique brands which are all birthed from Napa Valley and Sonoma Valley in the heart of California’s Wine Country. The Company has a commitment to manufacture and distribute specialty wines, foods, and unique items while tapping into an array of hidden markets in the food and beverage industry.

With extensive resources and award-winning products, Napa Wine Brands aims to develop some of the most desirable products in today’s market. Originated by some of the most profound experts in Napa Valley, the Company’s vision is to broaden the horizon of a traditional Food and Wine Company by creating a platform different than anything seen in the Northern Hemisphere.

Napa Wine Brands has an array of fully developed products and services that provide value to the other divisions under Golden Triangle Ventures. The Company is now preparing the launch of several brands, products, and services that are market-ready and will immediately turn into cash-positive businesses. Golden Triangle Ventures will provide a full support system and assist management of Napa Wine Brands in growing this Company into another fun, exciting, and profitable division of Golden Triangle Ventures.

More information about Napa Wine Brands can be found at: www.NapaWineBrands.com.

Arron Johnson, CEO of Napa Wine Brands, states, “I’m very excited about the merge with Golden Triangle Ventures and partnering with my long-time friend, who I’ve always considered my little brother, Steffan Dalsgaard. His passion, energy, and razor-sharp focus are key attributes that will help make Napa Wine Brands one of the premier top-tier businesses of California’s #1 attraction, The Wine Country. I have been building my dream business for years and we are all very excited to disclose the entire portfolio under Napa Wine Brands for the world to see.”

Steffan Dalsgaard, CEO of Golden Triangle, states, “The acquisition of Napa Wine Brands is another great accomplishment for our Company. Arron has been such an amazing person in my life, and he is someone I consider an older brother and part of my family. Before starting my professional career working with public companies, I worked at Arron’s shop building hot rod engines and classic cars for his Company, Bad Ass Racing. After witnessing Napa Wine Brands develop over the years and fully understanding the synergistic value his company can provide all of our current divisions, I knew that this marriage would be a perfect fit for Golden Triangle Ventures. In the weeks and months ahead, the world will learn about the different brands, products, and services that fall under Napa Wine Brands and I believe everyone will understand why this unique business fits so well with everything we are building.”

About Golden Triangle Ventures, Inc.

Golden Triangle Ventures, Inc. (GTV) is a multifaceted consulting Company pursuing ventures in the Health, Entertainment, and Technology industries, with many additional projects being developed that provide synergistic values to these divisions. The Company aims to purchase, acquire, and/or joint venture with established entities that management can help assist and develop into unique opportunities. 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.

ENTERTAINMENT DIVISION

Lavish Entertainment is a wholly owned subsidiary of Golden Triangle Ventures under its Entertainment Division. 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.

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.

TECHNOLOGY DIVISION

Golden Triangle Ventures currently 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. Universities and multiple 3rd party testing 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

FAQ

What is the significance of Golden Triangle Ventures acquiring Napa Wine Brands?

The acquisition allows Golden Triangle Ventures (GTVH) to expand its portfolio with unique specialty wines and food products from Napa and Sonoma Valleys, potentially leading to increased revenue.

When was the acquisition of Napa Wine Brands announced?

The acquisition was announced on May 6, 2021.

What are the expected benefits from the acquisition of Napa Wine Brands by GTVH?

GTVH expects immediate cash flow from market-ready products and aims to leverage synergies for innovative product offerings.

Who are the key executives involved in the acquisition of Napa Wine Brands?

The acquisition involves Arron Johnson, CEO of Napa Wine Brands, and Steffan Dalsgaard, CEO of Golden Triangle Ventures.