SOURCE: GTREX Capital, Inc.

September 25, 2007 09:08 ET

GTREX Capital Identifies New Targets for a Reverse Merger or Acquisition Transaction

Acquisition Candidates Include Companies in Hospitality, Manufacturing and Recreation Market Segments

MURRIETA, CA--(Marketwire - September 25, 2007) - GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today announced that the company has targeted several new candidates for an acquisition or reverse merger transaction. GTREX Capital is a fully reporting over-the-counter bulletin board company that has been positioned as a public vehicle for an operating company that will bring value for shareholders.

The new potential candidates for acquisition or reverse merger are in a variety of market segments including hospitality, manufacturing and recreation. GTREX Capital has stated its intention to identify and acquire a company with sustainable revenues and the potential for significant long-term growth in its respective industry segment.

GTREX Capital recently determined that it should not proceed with an acquisition of Elleipsis, Inc. and that it would pursue other acquisition opportunities. The company has disclosed that there have been a number of additional acquisition opportunities presented to management and that it would consider these as possibilities due to their potential in the public markets.

GTREX Capital's existing subsidiary, Global Travel Exchange, is a travel distribution technology company that provides a more efficient and cost-effective connection between customers and travel suppliers. Since several of the acquisition candidates are not in the travel industry, there may be a spin-out of Global Travel Exchange that would include a dividend of its shares to GTREX Capital shareholders.

"We are currently conducting extensive due diligence on the acquisition candidates, and we believe that once we determine which of these acquisition targets will ultimately become the focus of the company's operations, the transaction will attract significant interest in the public markets," stated Steven R. Peacock, GTREX Capital consultant chief executive officer. "GTREX Capital will conduct its due diligence efforts while it continues to support the growth of Global Travel Exchange and pursues the opportunities that are currently being presented to this subsidiary."

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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 synergistic and non-synergistic businesses as potential acquisition targets for the company.

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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    A. Beyer
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