Business
Golden Triangle Ventures, Inc. Announces Corporate Update and Details into Its Partnership and Consulting Contract with Lelantos Holdings, Inc.
Golden Triangle Ventures, Inc. Announces Corporate Update and Details into Its Partnership and Consulting Contract with Lelantos Holdings, Inc..
About this update from Golden Triangle Ventures Inc.
[{"type":"text","content":"\n LAS VEGAS, April 29, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Golden Triangle Ventures, Inc. (OTC PINK: GTVH) (or “GTV”) announces an update on its partnership and consulting contract with Lelantos Holdings, Inc. (“Lelantos Holdings” or “Lelantos”) and provides further insight into the corporate developments and current strategies within both companies. The partnership between Lelantos and GTV was developed to provide a mutually beneficial interest between both companies and achieve the goal of enhancing value for all stakeholders involved. As Lelantos has been actively working towards a full merger with ProConcept Marketing Group, Inc. (OTC PINK: PRMK) to become a publicly traded Company, the business has been moving forward with the Financial Industry Regulatory Authority (\"FINRA\") to complete its corporate action and accomplish its reverse merger. Golden Triangle Ventures previously announced its partnership and consulting contract with Lelantos Holdings, Inc. which was stated to repay the Company its initial $500,000 investment in Q1 2022 and provide a monthly retainer fee of $250,000 per month, with the first two months of service anticipated to be paid in January 2022. Due to several unexpected delays in launching the large-scale agricultural refining operation in Michigan, this financial commitment to Golden Triangle Ventures has yet to be satisfied; however, the Lelantos team fully expects to honor and complete its previously announced obligations after the Michigan refining operation is fully developed. Lelantos Holdings has made substantial progress in 2022, not only with its build-out of the large-scale refining operation in Michigan but throughout its expansion plans and overarching Company goals. In 2022, the operation has received all of its equipment, completed the full installation and site build, assisted the operation in obtaining the necessary certifications and approvals, developed the SOP’s and plans for the operations and the anticipated white label division. Additionally, the Lelantos management team has formed numerous strategic partnerships to complement the Company’s expansion plans and is now helping its client to secure the final approvals needed to launch the Michigan operation. Originally, Lelantos was retained to provide engineering services ...