- Through acquisition, management has agreed to use 10% of the profits from logistics business to buy back and retire GTVH stock
- “This transition marks a pivotal moment in our journey,” states exec
- Management is crafting a comprehensive business plan that substantially expands the company’s growth trajectory
Golden Triangle Ventures (OTC: GTVH) continues to take strategic steps toward expanding and positioning the company for fundamental business income and financial independence. The latest in these steps is the completed acquisition of Cargo Management Group, a multifaceted logistics and trucking operation (https://cnw.fm/IjALN). According to the announcement, through this acquisition, management has agreed to use 10% of the profits from its logistics business to buy back and retire GTVH stock, effectively reducing the number of outstanding shares on a consistent basis as profits are realized. The buyback will commence once the full transition of the logistics business is complete and profits of the business can be realized.
A complete shipping, logistics and trucking operation, Cargo Management Group will be a key component in providing support for GTVH’s Lavish Entertainment division. With the acquisition completed, Golden Triangle is now focused on facilitating the company’s assumption of full ownership of the logistics operation, brokerage business, licenses and all associated assets.
“We are confident about successfully implementing our initiatives, maintaining profitability and significantly scaling the operation,” said Lavish Entertainment president and COO Marco Antonio Moreno. “Our goal is to secure premium, dedicated, high-paying lanes, upgrade our existing equipment, strengthen all operations and expand our business into more lucrative markets, which further supports our other internal projects. This transition marks a pivotal moment in our journey, as we are now boots on the ground working towards a seamless integration, transition and a complete business enhancement on all fronts.”
The acquisition of Cargo Management Group brings a time-tested, proven performer into the Golden Triangle community. Cargo Management Group reported close to $3 million in top-line revenue last year. In addition, the company currently has contracts with numerous prominent corporations, including JB Hunt, CH Robinson, Coyote Logistics and Echo Logistics. Cargo Management Group also holds high-paying specialized loads in the gaming industry to transport slot machines to locations nationwide.
Short-term, GTVH and Cargo Management Group are focused on defining the structure and transition strategy for combining a high-performing shipping and logistics operation into GTVH. In addition, key team leaders are crafting a comprehensive business plan that builds on the strengths of the combined companies, which will substantially expand the company’s growth trajectory. Specifically, the plan will include incorporating all types of trucking freight movements and adding heavy haul to the services offered by GTVH and Cargo Management Group.
“This initiative marks the first of several strategies we plan to implement that aim to optimize our capital structure within GTVH,” said Steffan Dalsgaard, Golden Triangle Ventures president. “Our goal is to develop true fundamental business activities that support all our operations. We have successfully implemented the first part of our four-pillar business model that supports Lavish Entertainment and our flagship Destino Ranch project, and our team is now focused on executing a series of other promising developments. These efforts are designed to further our objective of increasing shareholder value across all facets of our company.”
Golden Triangle Ventures is a multifaceted consulting company that operates as a parent business pursuing ventures in the health, entertainment and technology sectors, along with other sectors 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 the company aims to do business in.
For more information, visit the company’s website at www.GoldenTriangleInc.com.
NOTE TO INVESTORS: The latest news and updates relating to GTVH are available in the company’s newsroom at https://cnw.fm/GTVH
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