ALISO VIEJO, Calif., April 13, 2005 (PRIMEZONE) -- GTREX Capital, Inc. (OTCBB:GRXI) today announced the launch of the Global Travel Exchange, Inc. website, www.gtrex.com. The website articulates Global Travel Exchange's core focus of providing direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies, and providers of other travel amenities.
The website serves as the worldwide public face of the company and will be utilized as an integral part of Global Travel Exchange's marketing and public relations program. Travel distribution suppliers and other potential customers can read detailed information on Global Travel Exchange's recently launched "Voyager Network," the company's comprehensive direct connection distribution platform. The Voyager Network enables lower cost connections directly between suppliers and buyers within the travel industry.
Industry information on the website includes growth projections for the travel distribution as a niche market of the immense travel and tourism industry. According to the information provided, international tourism is a multi-trillion dollar industry expected to grow at 7% per annum through 2010. Travel suppliers are projected to reach close to $650 billion in revenues by 2007, and $152 billion per year is spent on travel distribution, mostly to agents, consolidators and the Global Distribution Systems (GDS).
"The potential for Global Travel Exchange to capture market share in the multi-billion dollar travel distribution market and the expected success of our recently launched travel distribution platform are main reasons for the increasing enthusiasm for Global Travel Exchange in travel distribution circles. One of our major goals is to publicize both the tremendous revenue and growth potential for Global Travel Exchange and the opportunity for shareholders to participate in the anticipated increase in portfolio value for GTREX Capital. The website is just one element of establishing, maintaining and growing the reach of the Global Travel Exchange story, but it is a critical one. We will continue to work to ensure that shareholders in GTREX benefit from the expected success of this and any other subsidiary companies we might acquire," added Mr. Berlandier.
About GTREX Capital, Inc.
GTREX Capital, Inc. is a Business Development Company pursuant to the Investment Company Act of 1940 whose core focus is to assemble an investment portfolio of investments into businesses related to the travel industry, such as reservation systems and travel suppliers of airlines, cruise lines, hotels, and car rental companies, where management has significant experience and expertise.
Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. GTREX Capital, Inc. undertakes no obligation to update any such statements to reflect actual events.