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    Golden Triangle Ventures Expands Logistics Operations Through Strategic Partnership with West End Trucking, Inc.

    LAS VEGAS, Sept. 12, 2024 (GLOBE NEWSWIRE) -- via IBN -- Golden Triangle Ventures, Inc. (OTC PINK: GTVH) ("GTV" or the "Company") is thrilled to announce a key advancement in its logistics division through a strategic partnership between its wholly owned subsidiary, LE Logistics, LLC ("LE"), and West End Trucking, Inc. ("West End"). This collaboration marks a pivotal moment in GTV’s growth strategy, significantly boosting its asset base and operational capacity while setting the stage for sustained revenue growth and long-term success.

    Through this partnership, LE Logistics currently manages a fleet of five trucks and 13 trailers. Of these, three trucks and trailers will remain under LE’s own license, ensuring full operational control over a portion of the fleet. The remaining two trucks will be transitioned to West End’s well-established Department of Transportation (“DOT”) and Motor Carrier (“MC”) authority. Additionally, GTV has secured a commitment from TK Zarro to acquire eight more trucks, which will also operate under West End’s authority. This will bring West End’s total fleet to 10 trucks and 10 trailers, consisting of a mix of dry vans and reefers, fully managed by LE's logistics team.

    In total, LE Logistics will operate 13 trucks and trailers across both licenses, handling all day-to-day operations including driver management, dispatch, load planning, and maintenance. This ensures that every asset operates at peak performance and efficiency. West End will provide regulatory oversight, ensuring compliance with all safety and legal standards, while LE handles the logistics backbone, creating a robust system for fleet management. Under the terms of the agreement, LE Logistics will receive 100% of the income generated by the trucks and trailers, with West End handling factoring services through their established provider. All receivables will be seamlessly processed, with payments remitted to LE on a weekly basis, ensuring smooth cash flow. By leveraging West End’s seasoned authority, LE is able to expedite the deployment of assets and maximize revenue potential without the delays often associated with newer licenses.

    Furthermore, GTV is making strong progress on securing insurance for the assets previously acquired from TK Zarro. Once insured, these assets will begin operations under LE’s DOT and MC licenses, further strengthening the Company’s logistics platform. LE Logistics is actively working to transfer all key systems and processes to streamline operations under its own management. This includes transitioning accounts, licenses and services across vital platforms such as load boards, electronic logging devices (“ELDs”) and fuel programs. Golden Triangle Ventures remains laser-focused on expanding its asset portfolio, driving cash flow, and delivering long-term value to its shareholders. The Company looks forward to executing its growth strategy and unlocking opportunities through this partnership. This includes the future initiation of a share buyback program, utilizing 10% of its logistics division profits as they are realized.

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    Golden Triangle Ventures Expands Logistics Operations Through Strategic Partnership with West End Trucking, Inc. LAS VEGAS, Sept. 12, 2024 (GLOBE NEWSWIRE) - via IBN - Golden Triangle Ventures, Inc. (OTC PINK: GTVH) ("GTV" or the "Company") is thrilled to announce a key advancement in its logistics division through a strategic partnership between its wholly …