ALISO VIEJO, Calif., April 19, 2005 (PRIMEZONE) -- GTREX Capital, Inc. (OTCBB:GRXI) today announced that chief executive officer Christopher Berlandier has embarked upon a ten day initiative to Asia on behalf of portfolio investment Global Travel Exchange, during which he will meet with a number of technology partners, customers and potential new customers, as well as planning the addition of a new data center in Singapore.
Mr. Berlandier is beginning his trip in Singapore, where he will discuss Global Travel Exchange's newly launched Voyager Network distribution platform with several potential customers. The Voyager Network enables lower cost connections directly between suppliers and buyers within the $152 billion travel distribution industry. Also in Singapore, Mr. Berlandier will monitor progress of the addition of a new data center to run Global Travel Exchange's Voyager Network platform, the reservation system for Pacific Asian properties and a direct connection to suppliers in the region.
From there, Mr. Berlandier will travel to India, where he will meet with technology partners to plan the next generation of the Voyager Network, which includes five planned core technology enhancements. The meetings are also designed to move forward with supplier connectivity outsourcing so that Global Travel Exchange will ensure the ongoing support necessary to allow a large number of customers and suppliers to connect to the Voyager Network simultaneously. Also on the agenda will be the planned addition of mobile/wireless services and the establishment of a dedicated technology team for Global Travel Exchange as part of the GTREX Capital investment portfolio.
Chris Berlandier, CEO of GTREX Capital, commented, "The tasks we expect to accomplish on this trip are significant pieces of the comprehensive plan that will bring Global Travel Exchange to the forefront of the travel distribution industry. By expanding its base of customers and suppliers, increasing capacity for the Voyager Network and planning for the addition of new services and incentives as part of the Voyager Network, we intend to secure the long-term future of Global Travel Exchange and provide return for GTREX Capital investors."
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., 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 a software solution that 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.