Golden Triangle Ventures Announces Key Milestone for Its Logistics Division; Motor Carrier Authority and DOT Licenses Secured

Golden Triangle Ventures, Inc.
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Golden Triangle Ventures, Inc.
Golden Triangle Ventures, Inc.

LAS VEGAS, Aug. 22, 2024 (GLOBE NEWSWIRE) -- via IBN -- Golden Triangle Ventures Inc. (OTC PINK: GTVH) (“GTV” or the “Company”) is pleased to announce a major development in its logistics division. LE Logistics, LLC (“LE”), a wholly owned subsidiary of Golden Triangle Ventures, has officially secured its Motor Carrier Authority (MC) and U.S. Department of Transportation (DOT) licenses. This achievement positions LE to immediately launch its freight division under the GTV umbrella and commence operations with its initial fleet of assets under a brand-new, clean operating license.

The journey towards securing these licenses has been met with both challenges and opportunities. Initially, the Company planned to transfer the existing MC and DOT licenses from Cargo Management Group (“CMG”) to LE Logistics as part of its strategic acquisition. However, due to regulatory requirements from the Federal Motor Carrier Safety Administration (FMCSA), the transfer was not completed, as it required a full merger with CMG — an operation that was not aligned with GTV’s current business objectives. While this regulatory hurdle caused a delay in the Company’s original timeline, it ultimately allowed LE Logistics to officially secure a fresh and unencumbered operating license, setting the stage for a stronger and more compliant operational foundation.

With the new licenses in hand, LE Logistics is now primed to execute its strategy of operating a larger fleet of assets, driving increased business cash flow directly through the Company. As a significant next step, GTV is finalizing a comprehensive operating agreement with TK Zarro, LLC, doing business as Cargo Management Group. This agreement will transfer full operational control of CMG’s business operations and revenues to LE Logistics, enabling LE to manage a much broader group of assets under its newly acquired authority.

Steffan Dalsgaard, CEO of Golden Triangle Ventures, commented: “Securing these licenses for LE Logistics is a crucial milestone in our ongoing efforts to expand and strengthen our logistics division. Although the path was not without its challenges, the result is a cleaner and more robust operational structure that aligns with our long-term vision for growth. We are now fully equipped to accelerate our business strategy, soon to begin driving substantial revenue growth, and deliver an enhanced value to our shareholders.”

About Golden Triangle Ventures, Inc.

Golden Triangle Ventures, Inc. or “GTV” is a multifaceted consulting company, which operates as the parent business pursuing ventures in the health, entertainment and technology sectors, along with others 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 in which this Company aims to do business. Golden Triangle Ventures is highly focused on acquiring a well-diversified portfolio of companies under one umbrella, which are all managed and owned by the Company. An amazing team of professionals supports each division and continues to help the Company grow daily. Being a publicly traded Company gives the ability to provide the support needed to help each subsidiary grow into the business that management believes it can and will become.

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