SOURCE: GTREX Capital, Inc.

November 29, 2007 09:16 ET

GTREX Capital Announces Appointment of Interim President/CEO to Position Company for Synergistic Acquisition

MURRIETA, CA--(Marketwire - November 29, 2007) - GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today announced that the company's Board of Directors has appointed Steven R. Peacock to the position of interim president/chief executive officer, replacing Ronald Lindsay as interim president. Mr. Lindsay, who also serves as president of GTREX Capital's Global Travel Exchange subsidiary, a travel distribution technology company, will focus his efforts on Global Travel Exchange's preparations for an anticipated synergistic acquisition in the travel industry.

Mr. Peacock recently returned from a major international environmental conference, where he and Gary Nerison, chairman of the company's Board of Directors, conducted discussions related to the strategic acquisition opportunity for GTREX Capital.

GTREX Capital is currently negotiating terms for an initial agreement for the targeted acquisition that presents significant synergies with Global Travel Exchange, which has developed a travel distribution technology that offers a more efficient and cost-effective connection between customers and travel suppliers.

"I am pleased to accept the interim president/CEO position with GTREX Capital and look forward to delivering an acquisition candidate that will provide long-term value for the company's shareholders," said Mr. Peacock. "We are focused on a company that management believes has significant potential in the public markets and that is anticipated to provide attractive synergistic growth opportunities for Global Travel Exchange."

"We expect our initial agreement to be completed very shortly, so that we can begin discussing the broader strategy for GTREX Capital and the value that this acquisition is expected to bring," he added.

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About GTREX Capital, Inc.

GTREX Capital, Inc. ( 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 is in the process of identifying synergistic and non-synergistic businesses as potential acquisition targets for the company.

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.

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