NEW YORK, July 6, 2004 (PRIMEZONE) -- GTREX, Inc. (OTCBB:GRXI) announced today that it has appointed Kathy Misunas to its Advisory Board. Ms. Misunas, a travel industry veteran, is past CEO of The SABRE Group (NYSE:TSG), a division of American Airlines/AMR (NYSE:AMR), as well as past CIO of American Airlines, Inc. Prior Director roles include Saturn Reservations Systems, Travelocity.com, and Genispace, in addition to current roles at TechData Corporation and Canadian Tire Corporation.
Misunas, a Certified Travel Counselor (CTC), joined American Airlines in 1973, and in 1977 joined the Marketing Automation department which supported the sale and implementation of the company's SABRE computer system to the retail distribution network of travel agents and related suppliers. In 1988 Misunas was named an Officer of the company and President of the SABRE Travel Information Network. In that role, Misunas created a high-impact marketing team and established business locations and relationships throughout the Americas, Europe and the Pacific Rim. She was appointed President and CEO of The SABRE Group and SVP of AMR/American Airlines in 1993. Misunas served on the Executive Committee of the World Travel & Tourism Council -- a global coalition of more than 100 CEO's from all segments of the travel and tourism industry -- is a lifetime member and was a Trustee of the Institute of Certified Travel Agents, and participated in the exclusive technology-related Research Board.
Most recently, Misunas was CEO of AirTreks, a San Francisco-based travel company, and previously CEO of Reed Travel Group. At Reed, Misunas oversaw publications such as OAG, Travel Weekly and Weissmann Travel Reports. Misunas has lectured at major academic institutions and recently co-authored a book: Multi-Channel Distribution: The Essential Guide.
Kailash Khanna, CEO of GTREX, Inc. stated, "Our aim with the GTREX Advisory Board is to engage industry leaders known for outstanding achievement, understanding, reputation and influence to advise and guide the Board and assist in making GTREX a success." He added, "Having worked for American Airlines myself, I have known and followed her career for some time. We are delighted to add Kathy to the Advisory Board, her knowledge of the existing and evolving travel distribution systems is second to none. The GTREX Board and I look forward to her valuable counsel in shaping and executing GTREX's marketing strategy."
Misunas commented, "Direct integrated access to suppliers' inventory is the keystone to successful distribution. Since GTREX is involved in implementing solutions to assist the travel industry in solving its marketing challenges, I am delighted to join Tommaso Zanzotto and Kailash Khanna in addressing GTREX's mission."
About GTREX
GTREX is a Global Distribution System (GDS) enabling 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's and 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.
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.