NEW YORK, May 6, 2004 (PRIMEZONE) -- GTREX, Inc. (OTCBB:GRXI), announced today that it has signed an agreement with PASS Consulting Corp. (PASS), a leading international provider of network and infrastructure consulting. The range of services provided by PASS extends from pure integration on the data level to the automation of cross-company business processes.
Under the terms of the agreement, GTREX will connect to The PASS XX1 application Travel Server. PASS XX1 provides universal Web Service access to all major Global Distribution Systems (GDS), including Amadeus (OTCBB:AGTWF), Worldspan, Sabre (NYSE:TSG) and Galileo. This connection is an important milestone in GTREX's mission to provide its customers with a direct connection to the best reservations.
Kailash Khanna, CEO of GTREX, Inc. commented, "This agreement expands the GTREX platform, offering the greatest visibility possible to our customers. PASS counts all of the GDS's as customers, which insures compatibility and seamless integration of our Web Services."
Based on its innovative strategy for building online travel, tourism and hospitality technology solutions, customers using the GTREX platform will benefit from many technological innovations such as seamless connectivity to reservation and inventory management systems, and automation and delivery of the most adaptable and flexible distribution solutions.
About GTREX
GTREX is a Global Distribution System (GDS) enabling direct access to reservation systems of major travel suppliers -- airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. Unlike other GDS's, GTREX searches for the availability and price for the itinerary suggested by the buyer over all direct connected suppliers and GDS's and presents the results in an easy to understand format. Existing GDS services do not present information from suppliers that are not part of their system. Besides improved brand and revenue management, suppliers save distribution costs while providing efficient service to major customers through a direct connection.
"Safe-Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the Company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of GTREX, Inc. to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in GTREX'S periodic reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and GTREX assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products and or services, inability to deliver products and or services when ordered, inability of potential customers to pay for ordered products and or services, and political and economic risks inherent in international trade.