SOURCE: GTREX Capital, Inc.

April 19, 2007 08:56 ET

GTREX Capital Announces Delay in Filing Annual Report to Better Position the Company for Future Strategic Acquisitions

Company Anticipates Adjustments to Result in Significant Anti-Dilutive Impact

TEMECULA, CA -- (MARKET WIRE) -- April 19, 2007 --GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiaries doing business in the travel industry, today announced a delay in the filing of the company's annual report for fiscal year 2006. The company is undertaking several changes that will impact the report and that are expected to have a significant anti-dilutive impact on GTREX Capital's stock structure.

As a result of the delay in filing the annual report, GTREX Capital's stock symbol will temporarily change to GRXIE, effective at the open of trading on Friday, April 20, 2007.

"Due to the withdrawal of the company's election to be regulated as a business development company and the previously announced focus on targeting new synergistic investments to deliver value to GTREX Capital and its shareholders, management has decided to delay the filing of the annual report until several internal issues are addressed," stated Steven R. Peacock, consultant chief executive officer for the company.

"Foremost among these issues is to terminate a previous acquisition entered into by former management, the result of which is expected to be the cancellation of a large number of common shares, which are currently counted among the issued and outstanding shares of the company," he added.

As well as serving as consultant CEO for GTREX Capital, Mr. Peacock is managing director of Javelin Advisory Group, a business development and management firm, which provides an array of services for public companies, including SEC compliance and the filing of quarterly and annual reports.

"While we do not take the timing filing of periodic reports lightly, GTREX Capital management believes that it is in the best interests of the company and its shareholders to rectify several issues before the annual report is filed. Even as we complete the work on the annual report, we will continue in our efforts to build Global Travel Exchange and to target the acquisition of a synergistic company to enhance operations and increase the financial performance of GTREX Capital," Mr. Peacock said.

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About GTREX Capital, Inc.

GTREX Capital, Inc. ( is a holding company with subsidiaries doing 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 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.

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