ALISO VIEJO, Calif., June 15, 2005 (PRIMEZONE) -- GTREX Capital, Inc. (OTCBB:GRXI) and its operating subsidiary Global Travel Exchange, Inc., a leading provider of direct access travel distribution technology, today announced a connection agreement with World Choice Travel, a division of Travelocity.com. World Choice Travel is a travel affiliate program company providing online booking engines to thousands of privately branded travel affiliate Websites. Under the terms of the connection agreement, Global Travel Exchange will deliver to its customers real-time booking information and access to World Choice Travel's inventory of more than 57,000 hotels worldwide.
Christopher Berlandier, chief executive officer of GTREX Capital, Inc. commented, "World Choice Travel is a terrific organization with which to enter into a relationship, in large part due to its reputation in and commitment to the travel industry," commented Christopher Berlandier, Chief Executive Officer of GTREX Capital, Inc. "As a result of our agreement with World Choice Travel, we have further expanded the inventory available to our customers, while at the same time, increased the distribution capabilities of World Choice Travel. We believe that this will be a win-win relationship for years to come."
Global Travel Exchange has developed and implemented several XML (Extensible Markup Language) interfaces, in accordance with OTA specifications, to ensure a direct connection between Global Travel Exchange and suppliers of travel services. XML, a cross-platform software and hardware-independent tool for storing and transmitting information, is becoming the standard method to communicate data between servers and between servers and browsers. Global Travel Exchange's high-quality direct connection will provide clients with access to higher quality information, translating into more convenience for travelers and travel arrangers.
About World Choice Travel
World Choice Travel, a division of Travelocity, is a travel affiliate program company that provides privately-branded web portals with online booking capabilities for more than 57,000 hotels and resorts worldwide. Using the World Choice Travel booking engine, these portals are global travel centers, with hotel reservations available on demand in 12 languages and over 160 currencies.
About GTREX Capital, Inc.
GTREX Capital, Inc. (http://www.gtrexcapital.com) 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.
Its initial portfolio investment, Global Travel Exchange, Inc., has launched its Voyager Network travel distribution platform, which provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. Through the Voyager Network searches for the availability and price for the itinerary suggested by the buyer over all direct connected suppliers and existing Global Distribution Systems (GDS), Global Travel Exchange 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. Global Travel Exchange is positioned to market its services through travel distribution partners, contributing to the expansion of the Company's marketing channels and expedite revenue growth.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of GTREX Capital, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.