NEW YORK, Aug. 23, 2004 (PRIMEZONE) -- GTREX, Inc. (OTCBB:GRXI) announced today that it has appointed a new interim CEO, Christopher Berlandier. Berlandier and co-founder Ron Lindsey will spearhead new technology initiatives and streamline company's management and operations.
"I am extremely enthusiastic of my new role as interim CEO," stated Berlandier. "We are initiating sweeping changes within GTREX to streamline our operation and are working diligently to implement a superior technology platform for the travel distribution industry."
Co-founder Ron Lindsay commented, "Chris and I originally conceived of GTREX's technology platform to level the playing field for consumers of travel and related services. Now, with the foundation laid and initial installations complete, we can focus on improving the technology and continuing to innovate."
Berlandier, a co-founder of GTREX, is an experienced entrepreneur, having launched several technology and system services companies. As a founder, CEO and CTO, he led the creation and development of Securesoft Systems, Inc., which provides corporations and government entities with a portable and scalable compliance software solution. Berlandier was awarded the Congressional Medal of merit for Small Business Contribution to the community and was appointed to the National Business Advisory Council. Berlandier studied computer science and business administration at Long Beach State University.
Lindsay, a co-founder of the company, is an expert on travel distribution. Lindsay has worked and consulted with several major airlines, owned and operated a corporate/leisure travel agency, and consulted in marketing operations, advertising campaigns and multimedia project development.
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.
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. 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.