SOURCE: GTREX Capital, Inc.

January 31, 2008 10:08 ET

GTREX Capital Announces Development of New Website in Preparation for Anticipated Acquisition of International Green Brand for Tourism and Related Businesses

MURRIETA, CA--(Marketwire - January 31, 2008) - GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today announced that in preparation for its expected acquisition of an international green brand for sustainable tourism, the company is developing a new corporate website that will provide links to the post acquisition subsidiaries, affiliates and joint venture relationships.

The new site will also prominently feature news related specifically to the company and to the sustainable travel and tourism industry, including links to TravelMole, the most highly acclaimed and largest global online community for the travel and tourism industry with over 450,000 registered travel and tourism professionals worldwide with which the company has entered into a strategic alliance. Acquisition of the green brand will officially launch the website and comprehensive efforts to increase worldwide awareness of its subsidiary operations. With TravelMole, the company may develop a number of specialized media related to the acquisition, including newsletter and video content that will highlight its international reach, intellectual property and operating affiliates.

In order to continue communicating effectively with its shareholders and the public markets, management will maintain the company's email alert system on the GTREX Capital website (http://www.gtrexcapital.com/investor.php) and transfer all of the contacts to the new site so shareholders can continue to receive information on the acquisition.

GTREX Capital expects to close on the acquisition of 80% of the issued and outstanding shares of the green brand shortly and is currently completing the necessary due diligence to close the acquisition, which includes work with international legal counsel and a variety of overseas businesses. Management plans to announce the details of the acquisition, including the name of the acquired company, as soon as the necessary due diligence is complete.

"We expect to identify and close the acquisition of the targeted international green brand for sustainable tourism very shortly, and we encourage anyone who wants to follow the story of the acquisition and the resulting company to subscribe to receive the email alerts on the GTREX Capital website," stated Steven R. Peacock, interim president/chief executive officer. "The scope and international nature of the anticipated acquisition has extended the due diligence process to some extent, but we still expect to close on the 80% very soon. When we do close, we will already have in place a new website to provide information and help our shareholders understand all of the businesses and affiliates that operate under the brand."

In December 2007, GTREX Capital entered into an initial agreement outlining the acquisition that called for the acquisition of a majority interest in the targeted company, which has an existing subsidiary business with operations, existing clients and revenues. The planned structure of the post-acquisition entity is that the public company will house a high profile international green brand, which is expected to become synonymous with green sustainable tourism. There will be two operating subsidiaries of the public company: the existing subsidiary of the acquired company, and GTREX Capital's current operating subsidiary, Global Travel Exchange, a travel distribution technology company that provides a more efficient and cost-effective connection between customers and travel suppliers.

To subscribe to the company's email alert system and receive information 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 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 synergistic and non-synergistic businesses as potential acquisition targets for the company.

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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