ALISO VIEJO, Calif., July 8, 2005 (PRIMEZONE) -- GTREX Capital, Inc. (OTCBB:GRXI) today released its July 2005 investor newsletter chronicling a number of recent events that are expected to build revenues in its operating subsidiary, Global Travel Exchange, over the coming fiscal quarters. A text only version of the newsletter is being emailed through the company's website-based mailing list, and a PDF version of this issue and all past newsletters can be found on the company's website at www.gtrexcapital.com/newsletter.asp.
During the month of June, Global Travel Exchange, a leading provider of direct access travel distribution technology, has completed several agreements that will significantly increase the travel inventory available to its customers and assure a high level of service through technology management and add-on products.
Christopher Berlandier, chief executive officer of GTREX Capital, Inc., commented, "Global Travel Exchange has made great progress in June, and we expect similar performance throughout the next several months. We will continue to augment the travel inventory for Global Travel Exchange customers as we concurrently move forward to grow our customer base through the development of front-end booking platforms, such as the one for luxury travel firm TravelWizard, which we expect to be complete in early August."
"Global Travel Exchange continues to encounter new business opportunities that are anticipated to create new future revenue streams for this portfolio investment, as well as increase the revenue potential of its current operations. We will continue to announce these opportunities as they develop and remain committed to frequent communication with our shareholders," added Mr. Berlandier.
Those interested in receiving future monthly newsletters by email, along with all other written materials issued by the company, are encouraged to subscribe at www.gtrexcapital.com.
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.