Golden Triangle Ventures provides key updates on Cargo Management Group acquisition

Golden Triangle Ventures Inc. (“GTV” or the “Company”) announces significant advancements following its acquisition of Cargo Management Group. This strategic acquisition, completed in June, has been instrumental in developing the company’s four-pillar model and setting the stage for future growth within the organization.

A major milestone in this journey is the formation of LE Logistics LLC, a wholly owned subsidiary of GTV. This entity is poised to take full charge of the Company’s logistics operations once the motor carrier (MC) authority from Cargo Management Group (CMG) is fully transferred and can be integrated. Additionally, LE Logistics has been structured to support and facilitate the growth of other licensed logistics operating companies by providing them with management and transportation support services. This collaborative approach not only helps these companies expand their reach and streamlines their operation, but also drives additional revenue into its core logistics business.

To ensure an optimal fleet within the operation, the Company has made a substantial effort to audit and assess its equipment with a comprehensive inspection process, followed by complete vehicle and equipment repairs and upgrades to its recently acquired fleet of trucks and trailers. LE Logistics has not only invested in the equipment to enhance operational capabilities and reliability but to meet all U.S. Department of Transportation compliance requirements which will improve safety ratings and reduce insurance premiums. The Company has also implemented a new preventative maintenance and compliance program. These measures are designed to keep the equipment in optimal condition, minimize unexpected downtime, and comply with all industry standards. The improvements made were crucial to enhancing the operation and the Company is continuing to strengthen its entire asset portfolio.

Following the complete transition of CMG, the Company’s focus will be towards acquiring more assets and securing larger contracts with major corporations. By expanding its asset base, LE Logistics can create new revenue opportunities for the Company. Management is actively working to procure high-value contracts with large-scale businesses that may provide high paying and dedicated lanes to expand our footprint in the marketplace.

In a forward-looking move, LE Logistics is working to integrate artificial intelligence into its logistics business. This AI integration will automate real-time updates to drivers and clients about their loads, streamline email notifications when bills are paid and due, and enhance accounting processes by updating accounting software, managing invoices, and handling communications such as calls and texts. This innovative approach is set to streamline many of the operations involved, significantly boosting efficiency and service quality.

Steffan Dalsgaard, CEO of Golden Triangle Ventures, states: "As the company has been diligently working around the clock to fully integrate our recent acquisition, we are also preparing for all business income to transition to LE Logistics upon the completion of the CMG license transfer which is still in process. Additionally, the company is now establishing a stock brokerage account to facilitate anticipated share buybacks that are planned to commence once the transition is finalized, and the business begins to realize profits. We are committed to making this acquisition a great success for our shareholders and we have many more exciting developments in the pipeline."