DLT Resolution Inc Announces New Business Alliance with the signing of New Independent Exclusive Agent Agreement
Rhea-AI Summary
DLT Resolution (OTC PINK: DLTI) has announced a new exclusive Independent Agent agreement with Michael Carvath of Liverpool, UK, through its subsidiary, Global Motor Trade International. This alliance is expected to generate an additional $10 million in annual sales for the company's Global Motor Trade Group. Carvath's established success in automotive exports, with $8.5 million in 2023 sales, enhances the company's market position. The 3-year agreement includes issuing 100,000 shares at the start and an additional 100,000 shares at the end of each of the two subsequent 12-month periods, contingent on achieving $10 million in sales annually. This partnership aligns with DLT's strategy to diversify and innovate its portfolio, with multiple acquisitions planned by year-end.
Positive
- Projected additional annual sales of $10 million from new agency agreement.
- Michael Carvath's group generated $8.5 million in sales in 2023, indicating strong market expertise.
- The 3-year agreement enhances DLT's market position in automotive exports.
- DLT Resolution plans multiple acquisitions within the year to catalyze growth.
- Increased focus on export markets in China and the Middle East, targeting high-end and exotic vehicles.
Negative
- Issuing 100,000 shares upfront and potentially 200,000 more, leading to shareholder dilution.
- Sales targets must be met to avoid negative implications for share issuance.
News Market Reaction
On the day this news was published, DLTI declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
The Agency is anticipated to drive an additional
LAS VEGAS, NV / ACCESSWIRE / May 14, 2024 / DLT Resolution Inc. (OTC PINK:DLTI), a leading US publicly traded acquisition company specializing in revitalizing and amplifying businesses, proudly announces the signing of an exclusive Independent Agent agreement. Through its wholly owned subsidiary Global Motor Trade International LLC, DLT has entered into an exclusive alliance-agency agreement with Michael Carvath of Liverpool, United Kingdom. This strategic alliance is anticipated to reinforce DLT Resolution Inc.'s commitment to its growth strategy and market expansion, with projected additional sales of USD
In 2023, Carvath Group generated in excess of USD
Drew Reid, Executive Chairman, DLT Resolution Inc. commented "This agency partnership marks a significant stride in building our Global Motor Trade brand, enhancing our offerings, and diversifying our holdings. We are driven by a shared vision of innovation, excellence, and value creation for our customers and stakeholders."
Charles Brofman, Global Motor Trade Group of Companies stated "The strategic alliance with Carvath Group signifies a major milestone of growth for our emerging business. Michael Carvath's 14 years of experience and consistent profitability bring a valuable dimension to our team. Carvath's focus on export markets in China and the Middle East as well as high end and exotic motor vehicles adds another layer of opportunity for our business."
As part of the 3-year term agreement, the Company will issue 100,000 shares at commencement and an additional 100,000 shares at the end of each of two 12-month periods, subject to Carvath generating in excess of
The Corporation's Global Motor Trade Group of Companies, based in the United States, specializes in international vehicle, vehicle parts and equipment, and machinery and equipment wholesale distribution and sales, with a primary focus on markets worldwide.
Multiple Add-On Acquisitions Planned
DLT Resolution Inc. is on track to finalize multiple acquisitions within this calendar year, aiming to catalyze growth and expand its market footprint.
Advancing into the Future
The strategic exclusive business alliance with the Carvath Group signifies a substantial step towards amplifying value and expanding horizons. Bringing new software technologies to the import/export market will be in the forefront of strategic planning. With a shared commitment to innovation and customer-centric excellence, DLT Resolution Inc. is poised to create a lasting impact across sectors, forging an exciting path forward.
About DLT Resolution Inc.
Amplifying Value - Where strategic acquisitions meet innovation in the dynamic world of technology and beyond. As a US publicly traded acquisition company, we specialize in revitalizing and amplifying businesses. Our mission is to navigate through suppressed profits and tightening credit markets, empowering small to mid-sized companies with seamless succession plans. By offering them the opportunity to transition their existing ownership for publicly traded shares, we ensure increased valuations and liquidity, driving growth and profitability for all stakeholders. Join us in reshaping the future of business. For more information visit: www.dltresolution.com
Making Good Companies Exceptional.
CONTACT:
Drew A. Reid
Executive Chair & CEO
1 (800) 463-5465
dreid@dltresolution.com
www.dltresolution.com
Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements.
SOURCE: DLT Resolution Inc.
View the original press release on accesswire.com
FAQ
What is the projected additional annual sales for DLT Resolution's Global Motor Trade Group due to the new agreement?
How much did the Carvath Group generate in sales in 2023?
What is the term of the agreement between DLT Resolution and Michael Carvath?
How many shares will be issued to Michael Carvath under the new agreement?
Which markets will DLT Resolution focus on due to the new partnership?
What are DLT Resolution's plans for acquisitions in 2024?
