SOURCE: Triton Distribution Systems, Inc.

Triton Distribution Systems, Inc.

October 12, 2010 08:00 ET

Triton Announces Receiving Back 80% of the Shares to Be Retired

TIBURON, CA--(Marketwire - October 12, 2010) -  Triton (PINKSHEETS: TTDZ) announced today that from the recent Corporate Action to buyback Common Shares, it received during the weekend of October 8-10, 2010 34,892,672,564 shares or approximately 80% of the issued and outstanding shares to be retired or exchanged for lesser shares.

"We are very pleased to receive 80% of the shares to be Retired or Exchanged for lesser shares. This achievement accomplishes a significant reduction of the issued and outstanding shares of the Company, from the previous shares in circulation," 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

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