SOURCE: Triton Distribution Systems, Inc.

Triton Distribution Systems, Inc.

September 16, 2010 08:30 ET

Triton Announces the Finalization of a Recapitalization Agreement With Foreign Investors From the Orient

NEW YORK, NY--(Marketwire - September 16, 2010) -  Triton (PINKSHEETS: TTDZ) announced today the Finalization of a Recapitalization Agreement with Foreign Investors from the Orient that will allow the Company to continue operations and expand the marketing and sales of its products to 3 global markets in addition to the USA and China. These markets are the EU market, the Central America market and the Southeast Asian market.

"We have finally successfully arranged for the Recapitalization of the Company through several Investors from the Orient. This plan will start implementation by the middle of October and will continue for the next six months. We are planning to expand our operations and design a marketing plan that will include marketing our products to countries in the EU regions, such as: the Northern European countries, and Central Europe. Additionally, we are planning to increase our presence in the United States and South America," said Gregory Lykiardopoulos, Chairman and CEO of Triton Distribution Systems, Inc.

About Triton Distribution Systems: Triton Distribution Systems is a pioneer in low-cost, business-to-business, Internet-based travel distribution and procurement solutions. Triton provides the electronic distribution of travel inventory from airlines, car rental companies, hotels, tour and cruise operators, and other travel vendors to travel agencies and their clients on a global basis. Triton's proprietary products and services fill crucial needs in the travel industry, and offer product, pricing, and marketing advantages. Triton has developed a broad-based suite of products, including ReservationExpert™, TritonTwist™ and Red Dragon Express™ -- the world's first distribution gateway to the Chinese market.

FORWARD-LOOKING STATEMENTS This news release includes forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.

Contact Information

  • Contacts
    Triton Distribution Systems, Inc.
    Gregory Lykiardopoulos
    CEO
    415-381-4806