SOURCE: GTREX Capital, Inc.

July 19, 2007 09:27 ET

GTREX Capital Announces Status of Migration of Global Travel Exchange Customers to Elleipsis Technology Platform

MURRIETA, CA--(Marketwire - July 19, 2007) - GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today announced the status of the migration of Global Travel Exchange's Voyager Network to the Elleipsis technology platform. Voyager Network is a more efficient and cost-effective "direct connection" between travel suppliers and buyers that offers vastly improved services while reducing distribution costs.

The move to the test platform is underway and is expected to be complete by the end of the week. All web services and database messages have been implemented. A majority of the messages have been successfully tested and the book and read packages will be tested today. Existing customers will then receive open access to the platform so they can begin testing on their sides.

Preparations for the move to the production platform are also being made with ongoing setup of the server. Once the test platform has been successfully tested, which is expected to be complete in the next several weeks, production customers will be moved one by one to the new platform.

Elleipsis, Inc. is a premiere provider of aggregated travel web services based on the OpenTravel™ Alliance (OTA) specifications, for the purpose of providing the clients of GTREX Capital's Global Travel Exchange subsidiary and its Voyager Network platform the use of the Elleipsis technology.

Under terms of the agreement, Elleipsis will work with Global Travel Exchange and GTREX Capital to migrate the Global Travel Exchange Voyager Network technology platform to the Elleipsis technology. This will include the migration of Global Travel Exchange's first completed direct connect client, all other current clients and all future clients signed by Global Travel Exchange. The agreement also includes any necessary technical maintenance and support, software updates, hosting, and development.

Elleipsis' products include TravelTalk Web Services and TravelTalk Portal. TravelTalk Portal is a travel booking and content portal providing automation of travel reservations that is built upon the TravelTalk platform. TravelTalk is a multi-GDS platform with additional connections to other travel suppliers and content providers. Current customers of Elleipsis include Conducive Technology, Euroflightpass.com, Costamar Travel and M2B World Travel.

"We are pleased with the progress of the migration and look forward to its completion in the coming weeks," stated GTREX Capital consultant chief executive officer, Steven R. Peacock. "Ron Lindsay and his team at Global Travel Exchange are actively soliciting new contracts with new travel inventory suppliers. By significantly upgrading the capabilities of Global Travel Exchange's Voyager Network direct connect system by integrating it with the technology of the Elleipsis platform, we believe that the full potential of the Voyager Network can be realized."

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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 is in the process of identifying additional synergistic businesses in the travel distribution sector as potential acquisition targets.

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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