SOURCE: GTREX Capital, Inc.

February 22, 2008 14:28 ET

GTREX Capital Files Form 8-K Reporting Acquisition of 85% of Green Globe, Ltd., Owner of the Premier International Brand for Sustainable Travel, Tourism and Related Businesses

Geoffrey Lipman and Terry De Lacy Appointed to Company Board of Directors

MURRIETA, CA--(Marketwire - February 22, 2008) - GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiary operations in the travel distribution industry, has filed Current Report on Form 8-K that includes details of its acquisition of Green Globe, Ltd., a British company that owns the Green Globe brand, the premier international brand for sustainable travel, tourism and related businesses.

The complete Form 8-K can be viewed through a link on the GTREX Capital website at

The Form 8-K reported that GTREX Capital has purchased a total of 85% Green Globe, Ltd. (U.K.) through a securities purchase and share exchange agreement with two principal shareholders and one minority shareholder. GTREX Capital expects to purchase the remaining 15% of Green Globe, Ltd. (UK), which would be positioned as a wholly owned subsidiary of GTREX Capital, Inc.

In addition to the purchase of Green Globe, the Form 8-K disclosed that on February 20, 2008, the company entered into an intellectual property purchase agreement with Sustainable Tourism Development International, Inc. ("STDI"), an Australian Company, for the purchase of the intellectual property rights to the sustainability portal technologies designed and developed by STDI. The purchase will include the start up of a new Global Travel Exchange initiative that will utilize the STDI intellectual property.

The Form 8-K also reported the appointment of two new members, Terry De Lacy and Geoffrey Lipman, to the company's Board of Directors.

Geoffrey Lipman currently serves as Assistant Secretary General of the World Tourism Organization (UNWTO), a specialized agency of the United ýNations and the leading international organization in the field of tourism. From 2001 to 2005, Mr. Lipman served as Special Advisory to Secretary General of the UNWTO. During that period, Mr. Lipman also served as Chairman of Green Global Village and a member of the board of directors of Green Globe Ltd. (U.K.).

Mr. Lipman was the first President of the World Travel and Tourism Council (WTTC), the global business leaders' forum. Between 1990 and 1999, he shaped its agenda during its growth from 10-100 members and the positioning of travel and tourism as the world's largest industry, as well as its Millennium Vision for open markets, elimination of barriers and sustainable development.

Mr. Lipman is an Adjunct Professor at Victoria University's Centre for Sustainable Tourism (Australia) and Griffith University (Australia) as well as Senior Research Fellow at George Washington University (US). He is also a Board Member of Great Canadian Railway Company.

He was a member of two European Union High Level Commissions, on Airline Liberalization and on Tourism Employment, as well as a member of the UK Roundtable on Sustainable Development. He is a Fellow of the Tourism Society, Member of the President of Zambia's Business Advisory Council and the Ethiopia Think Tank. He has been Tourism Envoy for the United Nations Development Programme (UNDP) Administrator & Tourism Advisor to the Commonwealth Business Council & World Economic Forum.

He has written and lectured around the world on tourism strategy, sustainability and airline liberalization, co-authored books on opening up European Aviation and established a Think Tank on Free Trade in the Air.

Mr. Lipman spent 20 years with the International Air Transport Association (IATA), where he was Executive Director and Head of Government Affairs, later as Executive Director of IFAPA, a foundation representing passengers, and as partner in Global Aviation Associates, a strategic airline consultancy specializing in government relations and competition matters.

Terry De Lacy recently took up a position as professor in sustainable tourism and environmental policy at Victoria University, having stood down in July 2007 after 10 years as CEO of the national Sustainable Tourism Co-operative Research Centre (STCRC), established by the Australian government.

Previously, Dr. De Lacy was Dean of the Agriculture and Natural Resources faculty at the University of Queensland and held a continuing chair in environmental policy at that university. Before that, he was professor of natural resources at Charles Stuart University.

Dr. De Lacy's research area is in environmental policy specializing in natural resources and sustainable tourism. He has authored six books, over 100 articles, 30 keynote addresses, been granted two patents, received 10 Australian Research Council grants, and has attracted over $9 million in personal research.

Professor de Lacy has extensive research and project experience in Asia, specifically in China. He was appointed to the Queensland Government's China Council and the Joint Australian India Government's Sustainable Tourism joint working party. He has carried out a number of policy, program and project evaluations both in Australia and overseas for international agencies and national governments. He is a director of several "for profit" and "not for profit" companies including Chairman of STDI Pty Ltd.

Dr. De Lacy coordinated the development of the Earthcheck program, which is being used in over 50 countries by Green Globe to benchmark the sustainability performance of tourism businesses and destinations. When working at STCRC he coordinated a proposed R&D program for tourism and climate change for the Australian government and recently led a destination adaptation to climate change strategy for the Sri Lankan government.

Additional biographical information on Mr. Lipman and Dr. De Lacy will be included on a new corporate website expected to be launched by the company with in the next several weeks.

"We are thrilled to have Mr. Lipman and Dr. De Lacy accept appointments to the company's Board of Directors and look forward to their active participation in the fostering the growth of the Green Globe brand," stated Steven R. Peacock, interim president/chief executive officer of GTREX Capital. "Given its position as a leader in the field of tourism, we will look to follow the direction of the UNWTO in promoting the development of standards for responsible tourism, ýsustainable tourism, sustainable tourism for the elimination of poverty, and response to climate change. Mr. Lipman is particularly well suited to guide us in these areas, and we very much look forward to his ongoing contributions, particularly in the area of global climate change.

"Dr. De Lacy's background as a leader in sustainable tourism and environmental policy for major Australian academic institutions, his experience in both for profit and not for profit settings and his tenure as CEO of the STCRC will provide the company with a unique and invaluable perspective on expanding the Green Globe brand to applications well beyond any currently in use.

"We anticipate that the Board will have a very active hand in managing the direction of the company, and these two new Directors will help us to grow its worldwide partnerships, joint ventures and other affiliations that will support environmentally responsibility and positive responses to global climate change," Mr. Peacock added.

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About GTREX Capital, Inc.

GTREX Capital, Inc. ( is a holding company with subsidiaries 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 just closed the acquisition of majority ownership of Green Globe, Ltd., a British company that owns the Green Globe brand, the premier international brand for travel, tourism and related businesses. With the acquisition of Green Globe, Ltd. (UK), the focus of the company will be the promotion and protection of the Green Globe brand and to expand its use by businesses, communities and other entities.

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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