SOURCE: Triton Distribution Systems, Inc.

Triton Distribution Systems, Inc.

January 06, 2011 08:00 ET

Triton Distribution Systems, Inc. ("Triton") Files Interim Financial Reports and Announces Final Steps for the Closing of the Acquisition of Advance Gold Technology ("AGT")

TIBURON, CA--(Marketwire - January 6, 2011) - Triton's (PINKSHEETS: TTDZ) management announced today that the company has filed interim financial reports for November 30, 2010 with the Pink Sheets, listed on the OTC Markets website. This filing takes into consideration the Reverse Split Corporate Action that was approved by FINRA effective November 18, 2010 and the company's share structure prior to the closing of the acquisition of Advance Gold Technology, ("AGT").

Meanwhile Triton has communicated with AGT's management that all final documents and agreements will be available for execution on Friday, January 14, 2011. The announcement for the closing will be published in a press release on Tuesday, January 18, 2011. In coordination and simultaneously with the execution of all legal documents the exchange of stock between the two companies will take place at the same time. Following the closing of the acquisition Triton will file additional reports with the OTC Markets website to update the financial standings of both companies.

Subsequent to the closing of the acquisition, Triton's management decided that it will announce immediately after every project that has been contracted for and is starting operations in the United States.

About Advance Gold Technology ("AGT"): http://www.agtusacorp.com. AGT was recently formed in the United States. Together with its Russian sister company AGT has active operations in 14 countries around the Globe, in Europe, Africa and Asia. Future plans include exploration and operations in Alaska, Utah, Nevada and California. Due to its Eco Friendly Technology that is extracting minerals without using chemicals, AGT is a fast growing company that is attracting many interested clients around the World.

About Triton Distribution Systems ("Triton"): http://www.tritonds.com. Triton Distribution Systems is an Internet-based software engineering company for electronic distribution of inventories in diversified industries from shipping to travel and from mining to transportation, hospitality and medical. Triton is the architect of developing the plan to acquire control of AGT, provide technology globally and relationships in the United States, China and South East Asia for business development and financing. 

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