SOURCE: Triton Distribution Systems, Inc.

Triton Distribution Systems, Inc.

December 20, 2010 08:00 ET

Advance Gold Technology ("AGT") Shareholders Overwhelmingly Approve Sale to Triton Distribution Systems, Inc. ("Triton")

TIBURON, CA--(Marketwire - December 20, 2010) - Triton's (PINKSHEETS: TTDZD) (PINKSHEETS: TTDZ) management announced today that AGT and its Russian sister company shareholders overwhelmingly approved last Friday December 17, 2010 by a majority vote the sale of 51% control of Advance Gold Technology ("AGT") of Delaware to Triton Distribution Systems, Inc. ("Triton") of California. Under this acquisition AGT will become a wholly owned subsidiary of Triton Distribution Systems, Inc. Triton will exchange 20,000,000 restricted shares for 51% of the outstanding equity of AGT. Final agreements are expected be executed by January 15, 2011.

About Advance Gold Technology ("AGT"): AGT was recently formed in the United States. Together with its Russian sister company AGT has active operations in 14 countries around the Globe, in Europe, Africa and Asia. Future plans include exploration and operations in Alaska, Utah, Nevada and California. Due to its Eco Friendly Technology that is extracting minerals without using chemicals, is a fast growing company that is attracting many interested clients around the World.

AGT has assembled a management team and highly qualified personnel that include scientists, metallurgists, engineers, designers-engineers, and administrators. AGT and its Russian sister company have invested over $25 Million in equipment, warehouses, laboratory facilities, dump trucks, bulldozers, drilling equipment, dredging equipment, power stations, snow and swamp vehicles, conveyor belts and other manufacturing equipment.

AGT will operate autonomously from Triton. All operating decisions will be made by its highly qualified management team. AGT's future business plan includes the likelihood of going public independently in the United States. 

Universal Holdings of Beijing, China will provide the necessary capital for the acquisition of AGT plus provide long term loans for each specific project that will allow Universal to recoup its investments plus purchase minerals at very favorable market prices. 

About Triton Distribution Systems: Triton Distribution Systems is an Internet-based software engineering company for electronic distribution of inventories in diversified industries from shipping to travel and from mining to transportation, hospitality and medical. Triton is the architect of developing the plan to acquire control of AGT, provide technology globally and relationships in the United States, China and South East Asia for business development and financing. 

FORWARD-LOOKING STATEMENTS This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. The company's operations and business prospects are always subject to risk and uncertainties. 

Contact Information

  • Contact:
    Triton Distribution Systems, Inc.
    Gregory Lykiardopoulos