Golden Triangle Ventures Inc (GTVH)

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LAS VEGAS, June 14, 2024 (GLOBE NEWSWIRE) -- via IBN -- Golden Triangle Ventures, Inc. (OTC PINK: GTVH) (“GTV” or the “Company”) is excited to announce it has received financial commitment to launch an internal, full-service freight brokerage business which aims to significantly expand its logistics capabilities. This initiative follows the successful acquisition of Cargo Management Group from TK Zarro, LLC which included a logistics operation, brokerage business, licenses, and all associated assets. Management is working to complete the full transition of Cargo Management Group and its logistics brokerage operation that can provide an additional income stream with a strong growth potential.

The new freight brokerage business will leverage current infrastructure that was recently acquired along with extensive industry relationships of Cargo Management Group, which generated nearly $3 million in revenue for 2023. The recent acquisition includes a portfolio of contracts with industry leaders such as 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. After the full transition of the business is complete, Cargo Management Group looks forward to providing the unique ability to fully meet clients' needs with its assets and manage overflow through brokerage services.