SOURCE: GTREX Capital, Inc.

April 17, 2007 10:57 ET

GTREX Capital Announces Appointment of Steven R. Peacock as Consultant CEO

TEMECULA, CA -- (MARKET WIRE) -- April 17, 2007 -- GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiaries doing business in the travel industry, today announced that the Board of Directors has appointed Steven R. Peacock to the position of consultant chief executive officer for the company. Mr. Peacock, managing director of Javelin Advisory Group, a business development and management firm, will report to the Board and provide assistance with the growth of GTREX Capital and its wholly owned subsidiary, Global Travel Exchange.

The focus of Mr. Peacock's initial work will be to work directly with company president Ron Lindsay to build the company's infrastructure and facilitate long-term growth and stability. He will also help to develop long-range strategy for partnerships, joint ventures, mergers and acquisitions, including the potential for large acquisitions, and scaling GTREX Capital into a major company in the travel distribution industry.

The company is currently identifying potential acquisition targets and expects to announce its first new acquisition candidate in the near future. Currently, any new acquisitions are expected to possess synergies with the company's Global Travel Exchange subsidiary.

Global Travel Exchange, which is marketing its Voyager Network travel distribution platform, a system 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, has become the primary focus of the company since the withdrawal of GTREX Capital's business development company election in November 2006.

Mr. Peacock has over thirty years of experience in seeking out and identifying emerging growth investment opportunities, both startup companies and work out assignments and is skilled at analyzing management structure and setting up programs for raising capital. He has working knowledge of taking companies through the process of becoming publicly traded, as well as assistance with strategic planning, corporate communications including shareholder relations and internet marketing as well as an extensive background in SEC requirements and filings utilizing a broad network of legal, accounting, insurance, Internet technology and public relations affiliates.

Javelin Advisory Group specializes in providing management, SEC compliance, accounting, and related services to publicly traded companies. In the course of its work on behalf of client companies, Javelin management will occasionally step in to serve as transitional or interim officers or directors of the company.

"We are pleased to have Steve come aboard and assist us as we position GTREX Capital for growth," stated Gary Nerison, chairman of GTREX Capital, Inc. "His experience providing the resources necessary for emerging public companies to execute their business strategies will be a significant advantage as we make the operations of GTREX Capital subsidiaries the company's primary focus."

Mr. Peacock commented, "With the withdrawal of GTREX Capital's BDC election, we are now focused on the further development of its Global Travel Exchange subsidiary, executing additional acquisitions and building value for GTREX Capital shareholders. I look forward to working with the company, assisting with this transition and executing a strategy that results in long-term growth."

To sign up to receive information by email directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.gtrexcapital.com/investor.php.

About GTREX Capital, Inc.

GTREX Capital, Inc. (http://www.gtrexcapital.com) is a holding company with subsidiaries doing business in the travel industry. Global Travel Exchange, Inc. (www.gtrex.com), 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 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

  • Contact:
    Gemini Financial Communications, Inc.
    A. Beyer
    951-587-8072
    Email Contact