SOURCE: GTREX Capital, Inc.

July 09, 2007 09:32 ET

GTREX Capital Issues July 2007 Investor Newsletter Highlighting Initial Agreement to Acquire Elleipsis, Inc.

TEMECULA, CA--(Marketwire - July 9, 2007) - GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiaries doing business in the travel industry, today released its July 2007 investor newsletter, which features the news of its initial agreement to acquire all of the issued and outstanding shares of Elleipsis, Inc., a premiere provider of aggregated travel web services based on the OpenTravel™ Alliance (OTA) specifications.

The July 2007 newsletter edition can be viewed on the GTREX Capital website at http://www.gtrexcapital.com/newsletter.php and has been distributed to subscribers to the company's website based mailing list.

In addition to highlighting the agreement to acquire Elleipsis, the July newsletter contains articles concerning the major events that occurred over the previous month. These events include the expansion of data center capacity to facilitate the ongoing growth of the company's Global Travel Exchange subsidiary, an agreement with Elleipsis to provide its technology platform for Global Travel Exchange's Voyager Network travel distribution system, and a statement from the Global Travel Exchange president citing travel industry trends toward increased "direct connect" distribution.

"Our newsletter continues to be a medium through which we provide a snapshot of GTREX Capital's progress over the previous month, and the July newsletter reviews some important events, including the initial agreement to acquire Elleipsis," said consultant chief executive officer Steven R. Peacock. "The due diligence process between GTREX Capital and Elleipsis is ongoing, and we expect to have all facets of that process completed in the coming weeks. We look forward to reaching the definitive agreement stage even as we continue to increase the capabilities of our Global Travel Exchange subsidiary."

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
    951-677-8073
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