Golden Triangle Ventures Announces Letter of Intent to Acquire Shipping and Logistics Operation

LAS VEGAS, May 24, 2024 (GLOBE NEWSWIRE) -- via IBN -- Golden Triangle Ventures, Inc. (OTC PINK: GTVH) (“GTV” or the “Company”) is pleased to announce the execution of a Letter of Intent (or “LOI”) with TK Zarro, LLC, GTV’s primary note holder, for the acquisition of Cargo Management Group, a complete shipping, logistics and trucking operation that aims to support its Entertainment Division business model, operating under Lavish Entertainment. The Company is in the process of finalizing the acquisition, facilitating the company’s assumption of full ownership of the logistics operation, brokerage business, licenses and all associated assets. This milestone underscores GTV’s strategic expansion efforts, positioning the company for fundamental business income and financial independence.

Cargo Management Group achieved close to $3 million in top-line revenue in 2023 and presently maintains contracts with prominent corporations including JB Hunt, CH Robinson, Coyote Logistics and Echo Logistics. As the Company progresses in finalizing the structure and transition strategy of integrating this shipping and logistics operation into GTV, management is concurrently crafting a comprehensive business plan aimed at substantially expanding the company’s growth trajectory. This includes incorporating all types of trucking freight movements and adding Heavy Haul to the mix. Additionally, Cargo Management Group currently holds high paying specialized loads in the gaming industry that transport slot machines to locations nationwide.

Lavish Entertainment has disclosed its plan to build a comprehensive four-pillar business model which aims to develop and acquire operations in logistics, staffing, equipment and production. This strategic framework is a critical component in advancing Lavish Entertainment’s mission to create an industry leading entertainment business while also supporting the complete development and operation of its flagship project, Destino Ranch (www.DestinoRanch.com). With a clear path set to delivering the first pillar of Lavish’s business model, the Company is pleased to secure this Letter of Intent with TK Zarro, LLC, strengthening the ongoing support in Golden Triangle Ventures and its operations within the Company.