SOURCE: Triton Distribution Systems, Inc.

Triton Distribution Systems, Inc.

February 07, 2011 08:00 ET

Triton Distribution Systems, Inc. Expands Its Operations

TIBURON, CA--(Marketwire - February 7, 2011) - (PINKSHEETS: TTDZ) Triton's Management wishes to inform all shareholders that the company has secured the takeover of a gold mine assets operation in Nevada, USA for an undisclosed amount. The contract will be signed by the end of this week or sooner and will be made public. The length of the contract will be 5 years. The Mine has an aggregate mine field of 16 acres. Per an independent technical consulting report, it has been confirmed that the exploration activity at the mine is currently at the exploitation and production stage. The report supports that the initial operation will start with 2,000 tons of tailings situated on the ground surface of the mine and can produce an average grade of 3 ounces per ton. This equals approximately $ 8 Million Dollars, which can be immediately extracted. Additionally, there is approximately an additional output of more than 200,000 tons of ores that is estimated to generate $780 Million Dollars to all companies involved in this project. The full operation will be fully controlled by Triton. Triton will be responsible to establish the financing of the operation, mining teams, equipment, Security Company to protect the extraction of the gold, and the sale of the gold. The company also wishes to notify the shareholders that its Chinese partners are processing next week the initial agreed upon investment in Triton to support Triton's operations, secured by 5,000,000 free trading Common Shares.

Triton is declaring that regarding the business relationship with AGT, the Company has made public all the documentation signed between the 2 companies. None of the agreements are demonstrating that Triton owes any financing to AGT or its officers. The entire deal was established on exchanging stock between the 2 companies. Any financing was to be invested by Triton's Chinese partners secured by Triton's Common Shares. This financing was intended to establish mining operations in the USA.

The Company will not speculate what happened between the 2 companies. Presently Triton is conducting a very thorough investigation. Therefore management is not prepared to announce any results on the matter.

Consequently Triton is continuing to pursue the implementation of its business plan that was previously announced.

FORWARD-LOOKING STATEMENTS This news release includes forward-looking statements. 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. The company's operations and business prospects are always subject to risk and uncertainties. 

Contact Information

  • Contact

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