SOURCE: GTREX Capital, Inc.

July 17, 2007 09:22 ET

GTREX Capital Announces Global Travel Exchange Agreement With Cybage Software to Assist With Connection for Major U.S. Airline

MURRIETA, CA--(Marketwire - July 17, 2007) - GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today announced that its Global Travel Exchange subsidiary has entered into a consulting agreement with Cybage Software Pvt. Ltd. (www.cybage.com), a leading software services organization, to build connectivity for a major U.S. airline using Global Travel Exchange's direct connect travel distribution platform.

Under the terms of the agreement, Cybage Software, whose services include software development, maintenance, re-engineering, software testing and technical documentation, will provide design, construction, testing, deployment, and monitoring services to facilitate the airline connection.

Global Travel Exchange's OTA (Open Travel Alliance) compliant Voyager Network travel distribution platform is a more efficient and cost-effective connection that offers vastly improved services while reducing distribution costs for the travel supplier.

"Building connectivity for a major U.S. airline is a significant step for Global Travel Exchange, and this one customer has the potential to substantially raise the profile of Global Travel Exchange in the travel industry," commented company president Ron Lindsay. "We are pleased to have contracted for the services of Cybage Software to assist the Global Travel Exchange team as we complete the work necessary to establish this connection."

Steven R. Peacock, GTREX Capital consultant CEO, stated, "GTREX Capital is moving aggressively forward with the migration of the Global Travel Exchange technology platform to the Elleipsis, Inc. technology, in part to allow for additional Global Travel Exchange clients. By growing the customer base for Global Travel Exchange, we expect to bring additional value to the company as it prepares for the planned acquisition of Elleipsis."

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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 has entered into a preliminary agreement with Elleipsis, Inc., a premiere provider of aggregated travel web services, under which GTREX Capital would acquire all of the issued and outstanding shares of Elleipsis.

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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