SOURCE: GTREX Capital, Inc.

November 20, 2007 09:10 ET

GTREX Capital Announces CEO Attendance at Environmental Conference in Support of Acquisition Strategy

MURRIETA, CA--(Marketwire - November 20, 2007) - GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today announced that Steven R. Peacock, consultant chief executive officer for the company, is attending an environmental conference hosted by the government of the Turks and Caicos Islands at which he is exploring additional acquisition opportunities for GTREX Capital. Gary Nerison, chairman of the company's Board of Directors, is attending the event with Mr. Peacock.

The acquisition opportunities being considered at this event include companies in the travel industry that present significant synergies with GTREX Capital's current subsidiary, Global Travel Exchange. Global Travel Exchange is a travel distribution technology company that provides a more efficient and cost-effective connection between customers and travel suppliers.

The conference, "Fostering a Green Culture in Small Island Nations," which is being held from November 18-20, 2007, will also serve as a venue for Ministerial Heads and Ministers of the Environment from the Caribbean Community (CARICOM) and the British Overseas Territories to meet and discuss policy initiatives, legislative advancements, technological innovations and research that have been undertaken in environmental management in their respective countries.

The keynote speaker at the event is former U.S. Vice President and 2007 Nobel Peace Prize recipient Al Gore.

GTREX Capital is a fully reporting over-the-counter bulletin board company that has been positioned as a public vehicle for an operating company that will bring value for shareholders. GTREX Capital management is focused on acquisition candidates that possess the potential for significant long-term growth in their respective industry segments.

"There are several high profile opportunities within the travel industry that have been presented to GTREX Capital, and we are attending this environmental event to discuss the possibilities with the appropriate representatives and perhaps to begin negotiations for a proposed transaction," stated Mr. Peacock. "Management has always maintained there are a number of interesting acquisition options for GTREX Capital, and our discussions with numerous acquisition candidates confirms the level of interest in the company as an attractive public vehicle."

To subscribe to the company's email alert system and receive information directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.gtrexcapital.com/investor.php.

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 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.

Contact Information

  • Contact:

    Gemini Financial Communications, Inc.
    A. Beyer
    951-677-8073
    Email Contact