SOURCE: GTREX Capital, Inc.

March 10, 2008 10:54 ET

GTREX Capital Announces Name Change to Green Globe International, Inc. and New Stock Trading Symbol -- GGLB

MURRIETA, CA--(Marketwire - March 10, 2008) - Green Globe International, Inc. (OTCBB: GGLB), which recently acquired 85% of Green Globe, Ltd., a British company that owns the Green Globe brand, has announced that it has been assigned a new stock trading symbol, GGLB, effective as of the open of trading today. The ticker symbol change follows the change in the company's name from GTREX Capital, Inc. (OTCBB: GRXI), which traded under the symbol GRXI.

In addition to the company's name and symbol change, a reverse split of the company's issued and outstanding common stock on the basis of one share for 100 shares became effective today at 5:00 am EDT. In conjunction with the reverse split of the issued and outstanding stock, the Green Globe International Board of Directors has also reduced the number of authorized shares of capital stock of the company to 5,030,000,000 shares.

These actions were undertaken after the company received majority shareholder approval on proposals related to the name change, an increase in the number of authorized shares of capital stock of the company to 10,030,000,000, and an authorization for the Board to effect a reverse split of up to one-for-two hundred. The proposals were approved at a special meeting of shareholders held on February 27, 2008 at the company's corporate offices in Murrieta, California. A Schedule 14C Information Statement regarding the special meeting of shareholders was filed with the Securities and Exchange Commission on February 29, 2008.

The proposals addressed at the special meeting were put forward by the company's Board of Directors as a result of its acquisition of Green Globe, Ltd. The Green Globe brand is the premier international brand for sustainable travel, tourism and related green businesses, and Green Globe International will focus its efforts on the promotion and protection of the Green Globe brand and the expansion of its use by businesses, communities and other entities in a variety of applications worldwide.

In addition to its current uses, Green Globe International expects to integrate recently purchased sustainability portal technologies, which are expected to be utilized by the company's Global Travel Exchange subsidiary, to apply to its travel distribution technology in new global business opportunities. The portal technologies have been developed into an application that is expected to increase travel, rather than simply taking market share from traditional distribution channels. It will focus on aspects concerning climate care and responsible travel. The company also expects to purchase the remaining 15% of Green Globe, Ltd. (UK).

As a result of the acquisition of the Green Globe brand, the company expects to evaluate and potentially execute joint ventures, licensing agreements, partnerships, acquisitions and transactions that will spread the use of the brand and generate revenues for the company. Additional flexibility in the company's capital stock structure is expected to allow the company to entertain numerous opportunities to execute its global business strategy.

"We are very pleased to have officially changed the company's name to Green Globe International and to have a stock symbol that is reflective of the new name," stated Green Globe Chief Executive Officer Steven R. Peacock. "With the new name and symbol, we will begin to re-brand the public company and inextricably tie it to the Green Globe brand, which is recognized by travel and tourism businesses worldwide. Included in the transition to the new name will be the launch of a new corporate website, and we encourage all shareholders and others interested in following the progress of Green Globe International to subscribe to receive alerts whenever new information released by the company."

The company's email alert system is currently located at All mailing list contacts from the GTREX Capital website will be transferred to the Green Globe International website as soon as it is launched.

About Green Globe International, Inc.

Green Globe International, Inc. is the majority owner of Green Globe, Ltd., a British company that owns the Green Globe brand, the premier international brand for sustainable travel, tourism and related green businesses. The company also holds a majority interest in Global Travel Exchange, Inc., whose Voyager Network travel distribution platform 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.

Safe Harbor Statement

This release contains forward-looking statements with respect to the results of operations and business of Green Globe International, 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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