LAS VEGAS, Dec. 31, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Golden Triangle Ventures, Inc. (OTC PINK: GTVH) is pleased to announce that Lelantos Holdings, Inc. (“Lelantos Holdings” or “Lelantos”) has amended its consulting agreement with Golden Triangle Ventures, Inc. (“Company” or “Golden Triangle Ventures”) to provide further value to the Company and formally initiate a long-term partnership with the goal of contributing to each party’s success. The partnership is intended to assist the Company to become publicly traded while also providing business advisory services for an array of strategic projects. Lelantos Holdings, Inc. is managed and operated by the founders of Sonder Fulfillment, LLC, a wholly owned subsidiary of Golden Triangle Ventures, Inc. As part of the agreement between Lelantos Holdings and the Company, Steffan Dalsgaard, CEO of Golden Triangle Ventures, has joined the Board of Directors of Lelantos Holdings, alongside Lelantos President Nathan Puente and Vice President Joshua Weaver.
Lelantos is a professional corporate advisory company that seeks to acquire, purchase and/or joint venture with established entities in strategic and emerging market sectors such as engineering, agricultural technology and medical technology. The Company is dedicated to joint venturing with or successfully transforming the entities it acquires at a speed and scale to sustain transformational impact over time to capture full potential. By relentlessly focusing on capability building and assembling winning leadership teams, Lelantos Holdings strives to ensure the right mechanisms are in place to make its entities capable of driving and sustaining this transformational impact.
Puente has recently acquired controlling interest of ProConcept Marketing Group, Inc. (“ProConcept”) which trades under the stock symbol “PRMK.” ProConcept Marketing Group, Inc. has submitted documentation with the Financial Industry Regulatory Authority (“FINRA”) to achieve its goal of undertaking certain corporate actions necessary for the merger of Lelantos and ProConcept.
In addition to the signing of the consulting agreement, Golden Triangle Ventures is proud to announce that Lelantos Holdings has agreed to repay the Company its initial $500,000 investment in Q1 2022. This investment was used to capitalize the development of a large-scale agricultural refining operation in Michigan. Lelantos Holdings has secured the necessary equipment, developed all operational procedures, trained its employees and procured relationships with some of the largest farming operations throughout the state to provide the base material for refinement. The equipment is on track to ship out to Michigan in January and Lelantos Holdings will be facilitating the entire site build and facility operations. This facility is one of the many exciting engineering projects that will go live in 2022. Further, Lelantos Holdings is actively working towards several international developments.
Further extending value to the partnership, Lelantos Holdings has executed an agreement to pay Golden Triangle Ventures a monthly retainer fee of $250,000 per month, with the first two months of service anticipated to be paid in January 2022. This monthly retainer fee will adjust into a percentage of net profits once the Michigan facility officially launches and begins generating revenue. The consulting services provided by Golden Triangle Ventures will assist Lelantos Holdings in becoming publicly traded and provide a full support structure by collectively implementing professional teams to handle Operations, Marketing, Media, Legal, Accounting, Investor Relations, and many other services.
“It’s a true honor to join the team of professionals at Lelantos Holdings as a formal partner and director to their business,” Dalsgaard states. “Our company has been working hard to provide a turn-key support structure to assist its business in accomplishing a multitude of corporate objectives, including becoming publicly traded. I have worked side by side with Nathan and Josh for years and I am strongly confident that the value between this partnership will result in an exciting future for both of our companies and all of our stakeholders involved,” Dalsgaard stated.
“I couldn’t be more thankful for the investment that Golden Triangle Ventures provided us in 2021. It helped expedite our operations, galvanized additional investment, and greatly assisted our ability to take our company public. We are more than happy to not only repay our investment, but also bring on Golden Triangle as a consultant to help with business operations, compliance, investor relations, publicity and marketing. I have no doubt that our continued partnership will be mutually beneficial and allow us to achieve great heights,” Puente said.
“Executing the consulting agreement formalizes a working relationship that we have been building over the past 6 months. The GTV team has been incredibly helpful at getting us to the point we are now at. I am excited about this continued partnership and cannot wait to see what we can do together,” Weaver added.
About Golden Triangle Ventures, Inc.
Golden Triangle Ventures, Inc. (GTV) is a multifaceted consulting company pursuing ventures in the health, entertainment, technology, fulfillment and food & beverage industries, with many additional projects being developed that provide synergistic values to these divisions. The company aims to purchase, acquire and/or joint venture with established entities that management can assist and help develop into unique opportunities. Additionally, GTV provides a professional corporate representation service to different companies in these sectors while consulting on a variety of business development objectives. The goods and services represented are driven by innovators who have passion for and commitment to these marketplaces. The company plans to utilize relationships and create a platform for new and existing businesses to strengthen their products and/or services.
Global Health Services is a wholly owned subsidiary of Golden Triangle Ventures (operating under its Health Division). Dedicated to the promotion of well-being and natural wellness, the company currently does business in the medical PPE space as well as the industrial hemp/CBD industry. Additionally, the company has a vision to promote, market and generate sales for a myriad of products and services, which include a full retail line of high-end, all-natural health, wellness and beauty products created by Le Pragma, which the company is currently working to acquire in full. To help achieve this vision, Global Health Services is in the process of further developing an extensive online portal that will support the multiple verticals under the company and provide a one-stop shop for all of the company's products and services. Moreover, to support overarching business goals, senior management tirelessly works on acquiring and building an array of profitable assets and projects.
Lavish Entertainment (EpicRaves) is a wholly owned subsidiary of Golden Triangle Ventures under its Entertainment Division. Operating out of Las Vegas, Nevada, the company started doing business in 2017 and was established with a vision of becoming a nationally recognized concert production company. The company currently has more than 30,000 national followers and nearly 100 team members who have helped the company successfully organize some of the most exciting electronic dance music concerts in Las Vegas. Lavish Entertainment is currently doing business as (DBA) "EpicRaves," which will eventually become a wholly owned subsidiary of Lavish Entertainment as the company expands its business into a variety of other forms of entertainment. The company is building an immersive virtual reality platform to help monetize its livestreamed concerts and assist its business in expanding into markets outside of Las Vegas. The company has also launched its own record label, called Syndicate Bass Records, to showcase some of the best bass music artists in the world and provide a platform to highlight their music. Lavish Entertainment has a partnership with Sahara Event Center, which is a 68,000-square-foot event center where the company organizes some of its larger concerts. Management has a vision of acquiring a large-scale venue to develop the most advanced event center in the world.
HyFrontier Technologies is a wholly owned subsidiary of Golden Triangle Ventures under its Technology Division. The company owns a patent-pending process and device technology called "HyGrO," which is a molecular hydrogen and oxygen delivery system for agriculture. Golden Triangle Ventures, Inc. is assisting the company in commercializing the HyGrO unit for farm and home use in markets across the globe. HyFrontier Technologies, Inc. has a mission to improve global crop production efficiency by producing hydrogen and oxygen directly in the water stream. This technology can be used on any species of plant life in nearly any grow medium. Additionally, the system can be retrofitted to wellheads for large-scale agricultural projects, indoor grow operations and small farms or utilized for a multitude of residential home and garden applications. In-house testing has shown evidence that hydrogen is capable of increasing crop yields by up to 25% and, in many circumstances, a much higher amount. Larger root systems and better overall plant health were also observed by watering plants with the HyGrO unit. Multiple third-party commercial farms and testing facilities are currently working to validate the HyGrO technology, and all preliminary results are extremely positive. Company headquarters have moved into a 7,800-square-foot, state-of-the-art manufacturing facility located in Florida while executing a three-year lease with an option to purchase the entire 24,000-square-foot building.
FOOD & BEVERAGE
Napa Wine Brands is a wholly owned subsidiary of Golden Triangle Ventures and a synergistic business with a mission of providing a world-class portfolio of unique brands that are all birthed from Napa Valley and Sonoma Valley in the heart of California’s wine country. The company has a commitment to manufacture and distribute specialty wines, foods and unique items while tapping into an array of hidden markets in the food and beverage industry. With extensive resources and award-winning products, Napa Wine Brands aims to develop some of the most desirable products in today’s market. Originated by some of the most profound experts in Napa Valley, the company’s vision is to broaden the horizon of a traditional food and wine company by creating a platform different than anything seen in the Northern Hemisphere. Napa Wine Brands has an array of fully developed products and services that provide value to the other divisions under Golden Triangle Ventures. The company is now preparing the launch of several brands, products and services that are market-ready to become cash-positive businesses. Golden Triangle Ventures will provide a full support system and assist management of Napa Wine Brands in growing this company into another fun, exciting and profitable division of Golden Triangle Ventures.
Sonder Fulfillment is a wholly owned subsidiary of Golden Triangle Ventures, providing an array of synergies to the many companies and projects within GTV. Sonder Fulfillment is a leading company in the industrial hemp and CBD industry. Sonder Fulfillment has put together a powerful team of research Ph.Ds, formulary scientists and flavor compounding specialists to build advanced cannabinoid-based nutritional and homeopathic products that are designed to catalyze the endocannabinoid system (ECS) to support targeted wellness and relief. The company’s management team has built many well-known products in the natural medicine space for several decades and has coalesced that knowledge to build out superior processes and products. Sonder Fulfillment has strong and longstanding relationships with farms, extraction labs, product formulation labs and co-packaging companies, which allows Sonder Fulfillment to secure the complete supply chain from start to finish and provide its clients with the lowest cost of goods sold as possible while maintaining the highest-quality standards in the industry. Sonder Fulfillment has produced for and currently has white-label contracts for some of the largest CBD companies in the space, such as Select (a division of CURA), Amway and many others. The company provides bulk raw CBD materials to clients in 22 countries and is now paving the way to become the first company to provide legally commercialized end-consumer CBD products into “hard-to-penetrate” markets such as Japan, Australia, South Korea and Mexico. Sonder Fulfillment has partnered with GVB Biopharma, one of the largest industrial hemp processors in the space, to undertake the extensive and rigorous process of getting active pharmaceutical ingredient (API) certification for raw products. API certification will allow Sonder Fulfillment to further expand its reach into markets where CBD can only be distributed through prescriptions as a medicinal product.
Certain information set forth in this press release contains "forward-looking information," including "future-oriented financial information" and "financial outlook," under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the company's business, projects and joint ventures; (iv) execution of the company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the company's projects; (vi) completion of the company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect to the future so they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance, and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The Securities and Exchange Commission ("SEC") has provided guidance to issuers regarding the use of social media to disclose material nonpublic information. In this regard, investors and others should note that we announce material financial information on our company website, www.GoldenTriangleInc.com, in addition to SEC filings, press releases, public conference calls and webcasts. We also use social media to communicate with the public about our company, our services and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, in light of the SEC's guidance, we encourage investors, the media and others interested in our company to review the information we post on the following U.S. social media channels:
Golden Triangle Ventures, Inc.
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