SOURCE: GTREX Capital, Inc.

January 02, 2008 09:19 ET

GTREX Capital Announces Appointment of Gary L. Halverson as Management Consultant in Advance of Planned Merger Transaction Involving International Green Brand

MURRIETA, CA--(Marketwire - January 2, 2008) - GTREX Capital, Inc. (OTCBB: GRXI), which recently signed an initial agreement to acquire 80% of the issued and outstanding shares of a company that is focused on the development of an internationally recognized green brand for sustainable tourism and additional environmentally conscious businesses, today announced the appointment of Gary L. Halverson, an experienced business professional with a background in general management, marketing, strategic planning, and sales in a broad range of market segments, as consultant to Steven R. Peacock, interim president/chief executive officer of the company.

Mr. Halverson's major focus will be to assist in the final due diligence gathering on all entities involved in the proposed merger transaction. The company expects to complete the majority of this due diligence work in the month of January 2008.

"Having served in the past on the company's Board of Directors, we are well aware of Mr. Halverson's capabilities and believe that he is an excellent fit to assist us as we complete the due diligence related to the proposed merger. Mr. Halverson has already begun his initial work on behalf of the company, and we look forward to the results of this and any additional projects that may be assigned to him," stated Mr. Peacock.

"The magnitude and future potential of the international green brand targeted by GTREX Capital is so significant that we are marshalling all the resources necessary to complete the agreements required to close the transaction, even as we concurrently plan for the future of the post-close public company," Mr. Peacock added.

Mr. Halverson commented, "I am very excited to again be involved with GTREX Capital, especially in light of its planned merger. The information I have seen thus far has been tremendously encouraging, and I look forward to seeing this transaction though to its successful completion."

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About GTREX Capital, Inc.

GTREX Capital, Inc. (http://www.gtrexcapital.com) is a holding company with a subsidiary conducting business in the travel industry. Global Travel Exchange, Inc., a GTREX Capital subsidiary, has launched its Voyager Network travel distribution platform, which 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. GTREX Capital has signed an initial agreement to acquire 80% of the issued and outstanding shares of a company that is focused on the development of an internationally recognized green brand for sustainable tourism and additional environmentally conscious businesses.

Safe Harbor Statement

This release contains forward-looking statements with respect to the results of operations and business of GTREX Capital, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

Contact Information

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