Business
Texas Oil & Minerals, Inc. Announces an Executed Joint Venture with Golden Triangle Enterprises, Inc.
Texas Oil & Minerals, Inc. Announces an Executed Joint Venture with Golden Triangle Enterprises, Inc..
About this update from Golden Triangle Ventures Inc.
[{"type":"text","content":"\nSAN ANTONIO, TX, March 07, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Texas Oil and Minerals Inc. (OTC Pink: TOMI) is pleased to announce that the Company has formalized an agreement to Joint Venture with Golden Triangle Enterprises, Inc.\n Golden Triangle Enterprises, Inc. (“GTE”) is a multi-faceted consulting company aiming to purchase, acquire and/or joint venture with businesses in the Entertainment, Health and Technology sectors. The initial target acquisition is planned to be announced in the very near future. With an array of knowledge and combined operational and executive experience, Golden Triangle Enterprises strives to become a meaningful innovator driven by its passion and commitment in these marketplaces. The Company also plans to utilize their relationships and create a platform for new and existing businesses to strengthen their products and / or services. As part of this change in business strategy, Golden Triangle Enterprises has executed an agreement to Joint Venture with Texas Oil and Minerals and acquire the Preferred Series F and G, which represent voting control of the company, from the current controlling shareholder and former CEO of the Company, Tom Gouger.  Additionally, a new CEO has been elected and Tom Gouger has resigned his positions as CEO and Chairman. Stuart Seim has been appointed as the new CEO of Texas Oil & Minerals, Inc. The company also intends to pursue the possibility of a name and symbol change to better reflect the new business strategy. Mr. Seim, CEO of Texas Oil & Minerals, began his career as an Associate Professor at the University of Manitoba in the field of Outdoor and Environmental Education after receiving his master’s degree and completing advanced educational studies. Coming from a family with an extensive financial background, Mr. Seim transitioned into the Financial Services Industry where he then became a Stock Broker in Rockford, IL, for a major regional financial firm, Robert W. Baird. In a short time, he became the Branch Manager for Baird in Minneapolis, MN while also serving as a Managing Director for Baird. During this time, Mr. Seim also served on the Board of an Industrial Hearing Company, which he helped to launch as a new company (The TK Group).  Mr. Seim continued to serve on a Hospital Advisory Board in Ro...