SOURCE: GTREX Capital, Inc.

January 17, 2008 09:27 ET

GTREX Capital Announces Expected Close on Acquisition of 80% of International Green Brand

MURRIETA, CA--(Marketwire - January 17, 2008) - GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today announced that the company expects to close on the acquisition of 80% of the issued and outstanding shares of an internationally recognized green brand for sustainable tourism and additional environmentally conscious businesses shortly and GTREX Capital management expects to announce the details of the acquisition, including the name of the acquired company, by the end of January.

Steven R. Peacock, interim president/chief executive officer of GTREX Capital, has completed the meetings with shareholders of the acquisition target, has achieved agreement on the terms of the acquisition and has received the commitments required to close on the 80% ownership.

In December 2007, GTREX Capital entered into an initial agreement outlining the acquisition that called for the acquisition of a majority interest in the targeted company, which has an existing subsidiary business with operations, existing clients and revenues. The planned structure of the post-acquisition entity is that the public company will house a high profile international green brand, which is expected to become synonymous with green sustainable tourism. There will be two operating subsidiaries of the public company: the existing subsidiary of the acquired company, and GTREX Capital's current operating subsidiary, Global Travel Exchange, a travel distribution technology company that provides a more efficient and cost-effective connection between customers and travel suppliers.

"We believe very strongly that GTREX Capital is well-positioned for the acquisition transaction and we look forward to closing on the 80% in just a matter of days," stated Mr. Peacock. "The capital structure of the company has not changed since we addressed the number of shares issued and outstanding back in May 2007, and we believe that the current structure will be favorable for our upcoming acquisition."

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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 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

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