LAS VEGAS (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.