SOURCE: GTREX Capital, Inc.

June 12, 2007 09:17 ET

GTREX Capital Announces Agreement With Elleipsis to Provide Technology Platform for Global Travel Exchange's Voyager Network Clients

TEMECULA, CA--(Marketwire - June 12, 2007) - GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today announced that the company has entered into an agreement with Elleipsis, Inc., a premiere provider of aggregated travel web services based on the OpenTravel™ Alliance (OTA) specifications, for the purpose of providing the clients of GTREX Capital's Global Travel Exchange subsidiary and its Voyager Network platform the use of the Elleipsis technology.

Under terms of the agreement, Elleipsis will work with Global Travel Exchange and GTREX Capital to migrate the Global Travel Exchange Voyager Network technology platform to the Elleipsis technology. This will include the migration of Global Travel Exchange's first completed direct connect client, all other current clients and all future clients signed by Global Travel Exchange. The agreement also includes any necessary technical maintenance and support, software updates, hosting, and development.

Elleipsis' products include TravelTalk Web Services and TravelTalk Portal. TravelTalk Portal is a travel booking and content portal providing automation of travel reservations that is built upon the TravelTalk platform. TravelTalk is a multi-GDS platform with additional connections to other travel suppliers and content providers. Current customers of Elleipsis include Conducive Technology, Euroflightpass.com, Costamar Travel and M2B World Travel.

"GTREX Capital was presented with the opportunity to significantly upgrade the capabilities of Global Travel Exchange's Voyager Network direct connect system by integrating it with the technology of the Elleipsis platform, and we are pleased to have initiated that process through this integration agreement," stated GTREX Capital consultant chief executive officer, Steven R. Peacock. "The effect of this decision will be to allow Ron Lindsay and his team to actively solicit new contracts with new travel inventory suppliers and their retail clients who wish to have the ability to do business with each other through direct connections under the Voyager Network brand."

Ron Lindsay, president of GTREX Capital and its Global Travel Exchange subsidiary, commented, "Global Travel Exchange is pleased to contract with Elleipsis to speed up its development process in order to service more customers in a shorter amount of time. Voyager Network will be faster with more tools and will be more responsive to a larger number of direct connect customers. The upgrade in technology will allow Global Travel Exchange and Voyager Network to be ahead of the curve with new customers and its already established customer base. We look forward to a smooth transition process while enhancing the Voyager Network platform."

The effective date of the agreement was June 1, 2007, and the work to prepare for the migration of the Global Travel Exchange Voyager Network technology platform to the Elleipsis platform has been initiated.

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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 additional synergistic businesses in the travel distribution sector as potential acquisition targets.

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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