Golden Triangle Ventures Inc (GTVH)

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$GTVH Lavish Entertainment, Inc. Expands Presence in Event Production Industry Through the Acquisition of ABI Create

https://www.globenewswire.com/news-release/2024/04/11/2861416/0/en/Lavish-Entertainment-Inc-Expands-Presence-in-Event-Production-Industry-Through-the-Acquisition-of-ABI-Create.html

LAS VEGAS, April 11, 2024 (GLOBE NEWSWIRE) -- via IBN -- Golden Triangle Ventures, Inc. (OTC PINK: GTVH) (“GTV” or the “Company”) is pleased to announce that Lavish Entertainment (or “Lavish”), a wholly owned subsidiary of GTV, has completed a full acquisition of ABI Create (or “ABI”), a premier event management and production firm. Founded in 2015 by Marco Antonio Moreno (recently appointed as the new President and COO of Lavish Entertainment), ABI Create has delivered high-quality productions for a range of large-scale installations at major music festivals, sporting events and conventions across the United States. Notable projects include collaborations with the NFL Super Bowl, San Diego and New York Comic Con, EDC and Camp EDC, Bonnaroo Music Festival, the Waste Management Phoenix Open, Arnold Palmer Invitational, Burning Man, and many more.

This acquisition will transition ABI Create into a wholly owned subsidiary of Lavish Entertainment and bolster its position in the entertainment industry through ABI’s longstanding and exceptional reputation, as well as its proven track record of executing high-level projects. Headquartered in Las Vegas, Nevada, ABI’s comprehensive suite of services includes event organization, management, production, logistics, site planning, permitting, construction, contracting, custom design and fabrication.

Steffan Dalsgaard, CEO of Golden Triangle Ventures, has developed a strong relationship with Marco Moreno through mutual projects, including the production of Lavish Entertainment’s Playa Playground New Year's event ("Playa"), a groundbreaking Burning-Man-style music festival held in Downtown Las Vegas on Dec. 31, 2021. As the relationship progressed, Dalsgaard handpicked Moreno to lead Lavish Entertainment and the development of its Destino Ranch project (www.DestinoRanch.com), as well as leverage ABI Create's expertise to propel Lavish towards its goal of becoming an industry-leading music and arts entertainment production company.

“This acquisition of ABI Create sets the stage for us to begin showcasing all other synergistic divisions within Lavish that will support all resources, relationships and partnerships within the ABI portfolio of offerings,” said Dalsgaard. “Our goal is to develop ABI into a one-stop-shop event management business within Lavish that will hold a complete suite of event management and development services. This aims to complement all internal projects and productions and will potentially support outside business opportunities that can provide fundamental synergies to our ultimate plan of building a complete entertainment enterprise.”

Moreno further comments: “I am excited to deliver my exhaustive portfolio of work and overall business expertise within ABI Create, through Lavish Entertainment. This acquisition marks the first of many exciting commitments and developments that have transpired since my appointment. We are actively working to roll out further details on all other complementary aspects within our revised business model that will evolve Lavish into a powerhouse in the entertainment industry.”