SOURCE: GTREX Capital, Inc.

May 01, 2007 09:14 ET

GTREX Capital Announces the Posting of May 2007 Investor Newsletter

TEMECULA, CA -- (MARKET WIRE) -- May 1, 2007 -- GTREX Capital, Inc. (OTCBB: GRXIE), a holding company with subsidiaries doing business in the travel industry, today posted the May 2007 edition of its investor newsletter on its website at http://www.gtrexcapital.com/newsletter.php.

The May 2007 newsletter is the first since the appointment of consultant chief executive officer Steven R. Peacock by the GTREX Capital Board of Directors. Mr. Peacock recently announced the company's intention to institute a comprehensive shareholder communications program and mentioned the monthly investor newsletter as an element of this program.

In the newsletter, Mr. Peacock addresses shareholders and comments, "As we work to increase the value of GTREX Capital's current subsidiary and identify an acquisition target for the Company, we will continue to prioritize transparency and consistent communication with shareholders. Our shareholder communication program has already been instituted, and this inaugural newsletter is one aspect of the comprehensive program we have put in place. We expect frequent press releases that will keep shareholders aware of the milestones we reach in the coming weeks and months."

The company has also encouraged shareholders to subscribe to the company's email alert systems, through which new information released by the company is sent directly to subscribers by email.

Several articles in the May 2007 newsletter pertain to GTREX Capital subsidiary Global Travel Exchange and its "direct connect" travel distribution platform, which was just delivered to a leading tour package company. The tour company's customers will now be able to access travel inventory using Global Travel Exchange's Voyager Network travel distribution platform. Global Travel Exchange has also announced additional existing customers including airline, hotel, car rental, travel agencies, and tour package companies for which GTREX Capital is translating data to OTA (OpenTravel Alliance) compliant XML as part of the preparations for direct connections through Voyager. Once the direct connect system for each customer is completed, tested and operating, GTREX Capital anticipates announcing each completed connection.

To sign up to receive information by email 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 subsidiaries doing business in the travel industry. The company is normally traded under the symbol GRXI, but is currently traded as GRXIE, due to a delinquent annual report, which is expected to be filed shortly. Global Travel Exchange, Inc. (www.gtrex.com), 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 recently acquired all of the outstanding shares of Global Travel Partners, a Nevada corporation that owns 100% of AsiaWorld Travel Vancouver, Ltd., and Dominion Pacific Travel, two British Columbia-based travel companies.

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

  • Contact:

    Gemini Financial Communications, Inc.
    A. Beyer
    951-587-8072
    Email Contact