LAS VEGAS, Oct. 14, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Golden Triangle Ventures, Inc. (OTC PINK:GTVH) is pleased to announce that its technology division has received positive results from a second round of cut flower testing conducted using its HyFrontier Technologies, Inc. HyGrO hydrogen water system. The purpose of the test is to see which of the over 100 varieties of cut flowers, also called ornamentals, responds most favorably to the use of the HyGrO hydrogen water. Tests have been completed on hydrangeas, long-stem red roses, carnations, daisies, assorted greenery, mums, tulips and alstroemeria. The tests commenced in July 2021 and are still underway as the Company continues testing more than 150 varieties of cut flowers and greenery.
The tests were conducted at the headquarters of Colorado Springs Wholesale Florist, one of Colorado’s largest and longest-standing wholesale distributors of cut flowers. The experiment placed flowers of the same species in a vase of standard water (“control water”) and another set in a vase of HyGrO hydrogen water. The flowers were then monitored and photographed at different intervals to measure their longevity and quality of preservation over the set interval. Listed below are the results from testing carnations, hydrangeas and roses. These results are in accordance with the initial tests that were performed earlier in the year and show clear and undisputed evidence that HyGrO water dramatically increases the shelf life, resiliency, overall health and quality of cut flowers.
Cut Flower Test Results
- Hydrangeas placed in HyGrO water lasted 29 days as opposed to only seven days in the control water.
- Long-stem red roses in the HyGrO water had a two-week longer shelf life than the red roses in the control water.
- Carnations preserved in the HyGrO water lasted 21 days longer than carnations in the control water.
The U.S. market for cut flowers is currently valued at $6 billion per year, and the global market is expected to reach nearly $44 billion over the next six years. The implications of these initial tests further validate management’s belief in the significance of HyGrO hydrogen water being used within the flower industry – not only to increase the shelf life of cut flowers but to also dramatically reduce waste across the entire industry vertical.
Rhonda Nichols, a key figure that assisted in the tests, stated, “It’s about time that someone decided to help the flower industry. For any grower, wholesaler or florist, using the HyGrO hydrogen water technology will extend the shelf life and maintain the quality of the cut flower. The savings for flower businesses as well as the home grower will change the way we all grow and maintain flowers. I look forward to completion of the pending flower tests so we can further discover which flowers respond most positively.”
Steffan Dalsgaard, CEO of Golden Triangle Ventures, states, “I couldn’t be more excited for the results of this secondary round of testing. We tested the hydrangea, one of the more delicate flowers, which relies heavily on water uptake and has a very short shelf life. The visible results of how HyGrO extended the life of the flower by weeks has been unbelievable to witness. I am very grateful for the team at Colorado Springs Wholesale Florist for allowing us to use their facility and providing us with the very best fresh cut flowers for testing. They are incredibly supportive of our efforts and aim to utilize HyGrO for their operation once our products publicly launch.”
Robert “Bo” DuBose, CEO of HyFrontier Technologies, states, “These tests were done at a wholesale cut flower operation, further proving the results found at the retailer in our first report. The number of flowers we are testing and the results received are more exciting than ever. There are dozens of different flower types tested and even more to come. We have begun the process of contacting wholesalers to reveal the test results and, so far, everyone says they need to have a HyGrO system when they become available. We will be testing all other cut plants as time allows, as well. The applications for our new HyGrO HyVita technology could be endless.”
Martin Lorenz, vice president of sales, states, "The last major advancement in flower preservation was started by FLORALIFE in 1938, so it’s been 83 years since anything new has been invented to help cut flower companies preserve the integrity of ornamentals. We expect HyGrO’s HyVita to completely benefit the cut flower industry from top to bottom.”
About Golden Triangle Ventures, Inc.
Golden Triangle Ventures, Inc. (GTV) is a multifaceted consulting company pursuing ventures in the health, entertainment, technology, fulfillment and food & beverage industries, with many additional projects being developed that provide synergistic values to these divisions. The company aims to purchase, acquire and/or joint venture with established entities that management can help assist and develop into unique opportunities. Additionally, GTV provides a professional corporate representation service to different companies in these sectors while consulting on a variety of business development objectives. The goods and services represented are driven by innovators who have passion and commitment to these marketplaces. The company plans to utilize relationships and create a platform for new and existing businesses to strengthen their products and/or services.
HEALTH DIVISION
Global Health Services is a wholly owned subsidiary of Golden Triangle Ventures (operating under its Health Division). Dedicated to the promotion of well-being and natural wellness, the company currently does business in the medical PPE space as well as the industrial hemp/CBD industry. Additionally, the company has a vision to promote, market and generate sales for a myriad of products and services, which include a full retail line of high-end, all-natural health, wellness and beauty products created by Le Pragma, which the company is currently working to acquire in full. To help achieve this vision, Global Health Services is in the process of further developing an extensive online portal that will support the multiple verticals under the company and provide a one-stop shop for all of the company's products and services. Moreover, to support overarching business goals, senior management tirelessly works on acquiring and building an array of profitable assets and projects.
ENTERTAINMENT DIVISION
Lavish Entertainment (EpicRaves) is a wholly owned subsidiary of Golden Triangle Ventures under its Entertainment Division. Operating out of Las Vegas, Nevada, the company started doing business in 2017 and was established with a vision of becoming a nationally recognized concert production company. The company currently has more than 30,000 national followers and nearly 100 team members who have helped the company successfully organize some of the most exciting electronic dance music concerts in Las Vegas. Lavish Entertainment is currently doing business as (DBA) "EpicRaves," which will eventually become a wholly owned subsidiary of Lavish Entertainment as the company expands its business into a variety of other forms of entertainment. The company is building an immersive virtual reality platform to help monetize its livestreamed concerts and assist its business in expanding into markets outside of Las Vegas. The company has also launched its own record label, called Syndicate Bass Records, to showcase some of the best bass music artists in the world and provide a platform to highlight their music. Lavish Entertainment has a partnership with Sahara Event Center, which is a 68,000-square-foot event center where the company organizes some of its larger concerts. Management has a vision of acquiring a large-scale venue to develop the most advanced event center in the world.
TECHNOLOGY DIVISION
HyFrontier Technologies is a wholly owned subsidiary of Golden Triangle Ventures under its Technology Division. The company owns a patent-pending process and device technology called "HyGrO," which is a molecular hydrogen and oxygen delivery system for agriculture. Golden Triangle Ventures, Inc. is assisting the company in commercializing the HyGrO unit for farm and home use in markets across the globe. HyFrontier Technologies, Inc. has a mission to improve global crop production efficiency by producing hydrogen and oxygen directly in the water stream. This technology can be used on any species of plant life in nearly any grow medium. Additionally, the system can be retrofitted to wellheads for large-scale agricultural projects, indoor grow operations and small farms or utilized for a multitude of residential home and garden applications. In-house testing has shown evidence that hydrogen is capable of increasing crop yields by up to 25% and, in many circumstances, a much higher amount. Larger root systems and better overall plant health were also observed by watering plants with the HyGrO unit. Multiple third-party commercial farms and testing facilities are currently working to validate the HyGrO technology, and all preliminary results are extremely positive. Company headquarters have moved into a 7,800-square-foot, state-of-the-art manufacturing facility located in Florida while executing a three-year lease with an option to purchase the entire 24,000-square-foot building.
FOOD & BEVERAGE
Napa Wine Brands is a wholly owned subsidiary of Golden Triangle Ventures and a synergistic business with a mission of providing a world-class portfolio of unique brands that are all birthed from Napa Valley and Sonoma Valley in the heart of California’s wine country. The company has a commitment to manufacture and distribute specialty wines, foods and unique items while tapping into an array of hidden markets in the food and beverage industry. With extensive resources and award-winning products, Napa Wine Brands aims to develop some of the most desirable products in today’s market. Originated by some of the most profound experts in Napa Valley, the company’s vision is to broaden the horizon of a traditional food and wine company by creating a platform different than anything seen in the Northern Hemisphere. Napa Wine Brands has an array of fully developed products and services that provide value to the other divisions under Golden Triangle Ventures. The company is now preparing the launch of several brands, products and services that are market-ready and will immediately turn into cash-positive businesses. Golden Triangle Ventures will provide a full support system and assist management of Napa Wine Brands in growing this company into another fun, exciting and profitable division of Golden Triangle Ventures.
SONDER FULFILLMENT
Sonder Fulfillment is a wholly owned subsidiary of Golden Triangle Ventures, providing an array of synergies to the many companies and projects within GTV. Sonder Fulfillment is a leading company in the industrial hemp and CBD industry. Sonder Fulfillment has put together a powerful team of research Ph.D.s, formulary scientists and flavor compounding specialists to build advanced cannabinoid-based nutritional and homeopathic products that are designed to catalyze the endocannabinoid system (ECS) to support targeted wellness and relief. The company’s management team has built many well-known products in the natural medicine space for several decades and has coalesced that knowledge to build out superior processes and products. Sonder Fulfillment has strong and longstanding relationships with farms, extraction labs, product formulation labs and co-packaging companies, which allows Sonder Fulfillment to secure the complete supply chain from start to finish and provide its clients with the lowest cost of goods sold as possible while maintaining the highest-quality standards in the industry. Sonder Fulfillment has produced for and currently has white-label contracts for some of the largest CBD companies in the space, such as Select (a division of CURA), Amway and many others. The company provides bulk raw CBD materials to clients in 22 countries and is now paving the way to become the first company to provide legally commercialized end-consumer CBD products into “hard-to-penetrate” markets such as Japan, Australia, South Korea and Mexico. Sonder Fulfillment has partnered with GVB Biopharma, one of the largest industrial hemp processors in the space, to undertake the extensive and rigorous process of getting active pharmaceutical ingredient (API) certification for raw products. API certification will allow Sonder Fulfillment to further expand its reach into markets where CBD can only be distributed through prescriptions as a medicinal product.
FORWARD-LOOKING INFORMATION
Certain information set forth in this press release contains "forward-looking information," including "future-oriented financial information" and "financial outlook," under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the company's business, projects and joint ventures; (iv) execution of the company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the company's projects; (vi) completion of the company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect to the future so they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance, and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The Securities and Exchange Commission ("SEC") has provided guidance to issuers regarding the use of social media to disclose material nonpublic information. In this regard, investors and others should note that we announce material financial information on our investor relations company website, www.TheWaypointRefinery.com, in addition to SEC filings, press releases, public conference calls and webcasts. We use these channels as well as social media to communicate with the public about our company, our services and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, in light of the SEC's guidance, we encourage investors, the media and others interested in our company to review the information we post on the following U.S. social media channels:
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CONTACT INFORMATION
Golden Triangle Ventures, Inc.
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info@GoldenTriangleInc.com
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