SOURCE: GTREX Capital, Inc.

August 02, 2006 09:15 ET

GTREX Capital Announces Relocation of Corporate Headquarters and Operations of Global Travel Exchange Subsidiary

TEMECULA, CA -- (MARKET WIRE) -- August 2, 2006 -- GTREX Capital, Inc. (OTCBB: GRXI), an investment company with holdings in emerging travel-related businesses, today announced that its Board of Directors has unanimously voted to relocate the company's corporate offices to 43180 Business Park Drive, Suite 202, Temecula, California, effective immediately. The corporate headquarters of GTREX Capital subsidiary Global Travel Exchange will also be relocated to the same address.

The Board took this action to improve the overall corporate management of these two companies and improve both the efficiency and flow of information to and from GTREX Capital. By relocating to the Temecula address, GTREX Capital will have better access to key management consultants who assist with the day-to-day operations, corporate compliance, accounting, bookkeeping and other critical business functions.

Gary Nerison, chairman of the Board of Directors and interim chief executive officer, commented, "The Board believes that the move to these new offices will greatly improve the operational effectiveness of GTREX Capital and Global Financial Exchange, especially as new management executes its strategy to build value for GTREX Capital shareholders."

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About GTREX Capital, Inc.

GTREX Capital, Inc. (http://www.gtrexcapital.com) is a Business Development Company pursuant to the Investment Company Act of 1940 whose core focus is to assemble an investment portfolio of investments into businesses related to the travel industry.

Its initial portfolio investment, Global Travel Exchange, Inc. (www.gtrex.com), 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. A second portfolio company, Global Financial Exchange, was formed to manage and oversee the expansion of Global Travel Exchange's growing debit and cheque card business, which allow customers to pay for travel or any other products and services wherever the cards are accepted around the world and obtain money from automated teller machines. The cards also allow customers access to unique and affordable travel packages and inventory across the globe, as well as providing savings for users who order additional branded cards, including as a membership card with loyalty features such as discounts on travel products. GTREX Capital recently acquired all of the outstanding shares of Global Travel Partners, a Nevada corporation that owns 100% of AsiaWorld Travel Vancouver, Ltd., and Dominion Pacific Travel, two British Columbia-based travel companies.

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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