SOURCE: GTREX Capital, Inc.

August 14, 2007 09:49 ET

GTREX Capital Releases August 2007 Investor Newsletter

TEMECULA, CA--(Marketwire - August 14, 2007) - GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiaries doing business in the travel industry, today issued its August 2007 investor newsletter. The newsletter features a recent agreement between the company's Global Travel Exchange subsidiary and Cybage, a leading software services organization, to build connectivity for a major U.S. airline using Global Travel Exchange's direct connect travel distribution platform.

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

In addition to the airline connectivity announcement, the August newsletter contains an article on the migration of Global Travel Exchange's Voyager Network travel distribution platform to the technology platform of Elleipsis, Inc. GTREX Capital has entered into a letter of intent to acquire all of the issued and outstanding shares of Elleipsis.

Another newsletter article reports 5 new international agreements entered into by Elleipsis, including the agreement for the migration of the Global Travel Exchange platform. These agreements signal the expansion of Elleipsis' Global Distribution System booking solution.

"This edition of our monthly investor newsletter reports significant events related to both our Global Travel Exchange subsidiary and Elleipsis, Inc., our current acquisition target," said Steven R. Peacock, consultant chief executive officer of GTREX Capital. "We continue to support Global Travel Exchange and believe it has the potential for outstanding growth and long-term value for shareholders. Concurrently, we are completing the due diligence process with Elleipsis with the intention of entering into a definitive acquisition agreement as soon as possible.

"We expect continued progress in both of these areas in the coming weeks and hope that shareholders will track the company's progress through upcoming newsletters and future press releases," Mr. Peacock added.

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
    Email Contact