SOURCE: GTREX Capital, Inc.

October 15, 2007 08:59 ET

GTREX Capital Announces New Acquisition Candidate

MURRIETA, CA--(Marketwire - October 15, 2007) - GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today announced that it has identified a new acquisition candidate to become the focus of the company's operations. An initial agreement in the form of a letter of intent is expected to be signed in the near future, at which time the name of the acquisition candidate will be announced.

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. Its existing subsidiary, Global Travel Exchange, is a travel distribution technology company that provides a more efficient and cost-effective connection between customers and travel suppliers. If the planned acquisition is not a company that does business in the travel industry, there may be a spin-out of Global Travel Exchange that would include a dividend of its shares to GTREX Capital shareholders.

The new targeted acquisition candidate has existing revenues and assets and is believed by GTREX Capital management to possess the potential for significant long-term growth in its industry segment.

GTREX Capital recently determined that it should not proceed with an acquisition of Elleipsis, Inc. due to the presence of more favorable acquisition opportunities presented to management.

"We are pleased to announce that a new acquisition candidate for GTREX Capital has been identified," stated Steven R. Peacock, GTREX Capital consultant chief executive officer. "Management very strongly believes that the company that we have identified to become the focus of the company's operations will not only deliver long-term value for shareholders, but will also attract significant interest in the public markets.

"We look forward to announcing a letter of intent in the near term, so we can begin discussing the business of the targeted acquisition and its potential in the public markets as soon as possible," he added.

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