- Cargo Management Group acquisition includes a full-fledged logistics operation, brokerage business, licenses and all associated assets
- Acquisition helps move GTVH toward goal of becoming a highly profitable company with minimal to zero debt and a diverse asset portfolio
- Along with acquisition, company receives full financial support from T&K Zarro to fund key components of new venture
In a strategic move that aligns with the company’s vision “to assemble a strong portfolio of successful businesses under one overarching umbrella” (https://nnw.fm/LKlcN), Golden Triangle Ventures (OTC: GTVH) (“GTV”) has announced a full-service freight brokerage business designed to significantly expand its logistics capabilities (https://nnw.fm/iIzfH).
The announcement comes as the company completed its acquisition of Cargo Management Group from T&K Zarro LLC (https://nnw.fm/zF8qW) and received the full financial commitment needed to launch the freight brokerage business. The Cargo Management Group acquisition includes a full-fledged logistics operation, brokerage business, licenses and all associated assets.
“The acquisition of Cargo Management Group is a transformative step for GTV,” said Golden Triangle Ventures CEO Steffan Dalsgaard. “This deal provides a scalable business model that will support both Lavish Entertainment and the development of our future flagship project, Destino Ranch. This business, its income and our recently completed renegotiations on our outstanding note will dramatically impact our balance in a positive manner. Additionally, this helps move GTV toward its goal of becoming a highly profitable company with minimal to zero debt and a diverse asset portfolio.”
Golden Triangle Ventures also noted that, along with the acquisition, the company received full financial support from T&K Zarro to fund key components for the freight brokerage business, including state-of-the-art freight brokerage software and load board subscriptions to streamline all operations and improve service delivery. In addition, Cargo Management Group has noted key steps it is planning in order to ensure a successful launch. These steps include establishing a new location and call center to drive sales and manage operations efficiently; hiring and training skilled freight brokers, dispatchers and customer service representatives; and developing a comprehensive marketing strategy to attract new clients and build strong industry partnerships.
Golden Triangle Ventures noted that its new freight brokerage business will leverage Cargo Management Group’s current infrastructure as well as its extensive industry relationships. The company, which reported nearly $3 million in revenue in 2023, has an impressive portfolio of contracts with industry leaders, including J.B. Hunt, C.H. Robinson, Coyote Logistics and Echo Global Logistics. These established partnerships will enable Cargo Management Group to provide comprehensive logistics solutions, including freight brokerage services, to its diverse clientele.
“I am excited to see Cargo Management Group become an official part of Golden Triangle Ventures,” said Tom Zarro, the owner of Cargo Management Group and GTV’s largest note holder. “This acquisition aligns perfectly with GTV’s strategic vision and offers a recession-proof, scalable and profitable business model. With GTV’s expertise and resources, their team has given me full confidence in their ability to expand this enterprise far beyond my current capabilities. As a major investor in GTVH, I remain fully committed to supporting all their endeavors that enhance shareholder value.”
A multifaceted consulting company, Golden Triangle Ventures operates as a parent business pursuing ventures in the health, entertainment and technology sectors. The company is looking 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://nnw.fm/GTVH
About NetworkNewsWire
NetworkNewsWire (“NNW”) is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: https://www.NetworkNewsWire.com/Disclaimer
NetworkNewsWire
New York, NY
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is powered by IBN
No comments:
Post a Comment