SOURCE: GTREX Capital, Inc.

December 11, 2007 09:17 ET

GTREX Capital Announces Initial Agreement for Merger Transaction Involving an International Green Brand With Operations in Related Businesses

Existing Global Travel Exchange Subsidiary Expected to Provide Travel Technology Component for Synergistic Acquired Operations

MURRIETA, CA--(Marketwire - December 11, 2007) - GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today announced that it has entered into an initial agreement to acquire 80% of the issued and outstanding shares of a company that is focused on the development of an internationally recognized green brand for sustainable tourism and additional environmentally conscious businesses.

The initial agreement, in the form of a memorandum of understanding, outlines the strategy for acquiring the targeted company, which has an existing subsidiary business with operations, existing clients and revenues. The planned structure of the post-merger 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.

There are anticipated to be several immediate synergies between Global Travel Exchange and the existing subsidiary of the acquired entity, as well as opportunities with additional affiliated businesses and intellectual properties. These synergies are related to the use of Global Travel Exchange's travel distribution technology in global initiatives related to travel and tourism.

As part of the expected merger transaction, GTREX Capital is expected to appoint a high profile management team with established names in the international tourism, travel, hospitality, and business management fields.

Steven R. Peacock, interim president/chief executive officer of GTREX Capital, commented, "This initial agreement is an important milestone in our efforts to create long-term value for the company's shareholders."

In November, Mr. Peacock attended a major international environmental conference, where he and Gary Nerison, chairman of the company's Board of Directors, conducted meetings related to the initial agreement and the merger strategy.

"We look forward to providing additional details of the proposed transaction, as well as the individuals, businesses and intellectual assets that are expected to be involved in the merger, as soon as possible," Mr. Peacock added.

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About GTREX Capital, Inc.

GTREX Capital, Inc. ( 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.

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