SOURCE: GTREX Capital, Inc.

May 16, 2007 09:32 ET

GTREX Capital Files Quarterly Report

TEMECULA, CA -- (MARKET WIRE) -- May 16, 2007 -- GTREX Capital, Inc. (OTCBB: GRXIE) has filed its 10-QSB Annual Report with the Securities and Exchange Commission for the period ended March 31, 2007.

During the quarter reflected in this report, GTREX Capital and its new management team began preparing to execute its strategy to deliver value to the company through the further growth and development of its Global Travel Exchange subsidiary, as well as through identifying additional potential acquisitions in the travel industry.

Steven R. Peacock, who was appointed to the position of consultant CEO of GTREX Capital in April 2007, has extensive experience in seeking out and identifying emerging growth investment opportunities and has outlined management's strategy to target and execute a major acquisition of a synergistic company in the travel industry.

"While the majority of the information reported in the 10-QSB for the first fiscal quarter of 2007 was also included as part of the recently filed 2006 annual report, we are pleased to have this filing completed on time, so GTREX Capital can move forward and execute its strategy to deliver value for shareholders," stated Mr. Peacock.

"Our focus will continue to be the growth of GTREX Capital's Global Travel Exchange subsidiary and the anticipated acquisition of an existing travel-related business that is positioned for significant long-term growth. The changes to the company's capital structure that were reported in both the annual and quarterly reports, including the expected cancellation of a large number of issued and outstanding common shares of stock from the unwind of the acquisition of Global Travel Partners, are seen as important steps in the execution of the company's strategic initiatives," Mr. Peacock added.

GTREX Capital recently announced that Mr. Peacock will participate in an interview that will be posted with the company's profile on www.equitydigest.com. The topics anticipated to be addressed in the interview will be the current structure of GTREX Capital, the status of its Global Travel Exchange subsidiary, plans to facilitate long-term growth in Global Travel Exchange, and expectations of the company's acquisition strategy.

To subscribe to the company's email alert system and receive information directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, including the posting of Mr. Peacock's upcoming interview, please visit http://www.gtrexcapital.com/investor.php.

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. (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 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

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