ALISO VIEJO, Calif., April 14, 2005 (PRIMEZONE) -- GTREX Capital, Inc. (OTCBB:GRXI) today announced that portfolio investment company Global Travel Exchange has entered into an agreement to link a full e-commerce travel agent solution to its Voyager Network distribution platform. A customer interface will allow customers to seamlessly connect through Voyager to purchase flight, car, tour, and hotel products.
Christopher Berlandier, Chief Executive Officer of GTREX Capital, Inc. commented, "The addition of this user interface giving travel buyers access to the Voyager Network is a critical step in the marketing of Global Travel Exchange's core product and is expected to drive revenue from our customer base and travel agents. It will also allow us to create follow-on products and service offerings stemming from this relationship, each with the potential to generative significant additional revenue and bring value to the company. We anticipate a definitive agreement in 30 days, at which time we will be free to discuss more comprehensive details of the agreement and our new business partner."
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., 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.
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.