NEW YORK, April 23, 2004 (PRIMEZONE) -- GTREX, Inc. (OTCBB:GRXI) today announced that it will be hosting a shareholder conference call on Tuesday, April 27th at 11:00 AM EDT.
A replay of the webcast will be available on GTREX's website following the call.
Parties who prefer to dial in to the conference may call 1-404-920-6613. The passcode is 212553. Please call in 5 minutes before the start of the call.
A telephone replay will be available shortly after the live call. The replay number is 1-404-920-6610. Passcode for the telephone replay is 110377. The telephone replay will be available through Thursday April 29th.
Online registration is available prior to the call on http://www.gtrex.com.
Interested parties are invited to dial into the call, which will be operator hosted. Shareholders and financial professionals will be allowed time to direct questions to management after the general discussion.
About GTREX
GTREX is a Global Distribution System providing 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 and presents the aggregated result in the format preferred by the buyer. Besides improved brand and revenue management, suppliers save distribution costs while providing efficient service to major customers through direct connection. GTREX will provide integrated and seamless web-based linkage from the supplier's reservation systems direct to the systems of their selected buyers and serve as a reservation service between them, obviating the need and cost of Global Distribution Systems (GDS).
According to Phocus Wright historicals and CSFB estimates, travel distribution is moving fast from off-line to on-line in the U.S. The penetration of on-line distribution is expected to grow from 15% in 2002 to 39% by 2007. On-line distribution is expected to grow at 27.7% CAGR from 2002 to 2007 when it is expected to approach $100 billion a year. Online supplier direct distribution is expected to grow five fold from $10 billion in 2002 to $45 billion by 2007. GTREX is ideally positioned to participate in this growth.
With direct access, GTREX brings cost efficiency to the provisioning of reservations among large suppliers and large buyers of travel, decreasing the brand confusion and complexity of yield management caused by the profusion of numerous channels that exist currently. Suppliers will save GDS costs, realize better brand and yield management and provide improved, segmented customer relationships. Travelers will enjoy the convenience of consolidated passenger name records when changing itineraries.
"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.