ALISO VIEJO, Calif., April 7, 2005 (PRIMEZONE) -- GTREX Capital, Inc. (OTCBB:GRXI) today announced that portfolio investment company Global Travel Exchange has launched the "Voyager Network," the company's comprehensive direct connection distribution platform. The Voyager Network enables lower cost connections directly between suppliers and buyers within the travel industry and will allow a complete bypass of the existing Global Distribution System (GDS) when purchasing travel products. The GDS systems currently control over 98% of the worldwide travel bookings market. By offering a direct, less expensive alternative to the travel industry, Global Travel Exchange expects to emerge as a leader in this $12 billion niche market.
Global Travel Exchange will market its platform in the travel industry to the travel agencies, airlines, hotels, and all other travel booking enterprises as a direct replacement for the costly GDS systems currently utilized. In addition to the money that is saved on every transaction, the Voyager Network's direct connect solution offers vastly improved services to global travel suppliers and buyers while reducing distribution costs, implementation time, and cost of ownership.
Christopher Berlandier, Chief Executive Officer of GTREX Capital, Inc., commented, "This is a momentous event for Global Travel Exchange. After spending many years and significant resources, Global Travel Exchange has completed the core deliverable, which it will now market as a superior travel distribution product. We have initiated marketing and awareness programs for the Voyager Network distribution platform and believe that customers across the industry will recognize the advantages and cost saving that the Voyager Network will bring to their businesses and seek to establish relationships with our subsidiary."
"Over the next several months, Global Travel Exchange will continue to enhance the Voyager Network with new offerings, services, and capabilities. Global Travel Exchange is committed to always scaling its offerings, so that it can deliver the best quality of service to its customers," added Mr. Berlandier.
About GTREX Capital, Inc.
GTREX Capital, Inc. (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. (www.gtrex.com), 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 direct connectivity. 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.
Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. GTREX Capital, Inc. undertakes no obligation to update any such statements to reflect actual events.