TIBURON, CA--(Marketwired - Feb 3, 2014) - Triton Distribution Systems, Inc. (OTC Pink: TTDZ), wishes to clarify an unforeseen and dishonest episode. The story unfolded as follows: On January 30th the company contacted OTC to inquire if this specific law firm is still contracted with OTC and is in good standing, since the name of the law firm and its phone number is still listed on the OTC vendors list. It is important to note that the company had 4 years earlier business dealings with this specific law firm that supplied the company with other opinion letters for other matters. Therefore it had an agreement previously with OTC. When the Company received a positive confirmation from OTC, then and only then it contacted the law firm. We placed the order for the Attorney Opinion Letter with someone acting as an associate to the law firm. Later on we received the Opinion Letter after we paid the required fee, and uploaded it to the OTC site. At this point no suspicions or doubts subjected anyone at the company.
The following very early morning we received information that the attorney that signed the original opinion letter was deceased. To date we are not qualified to express an opinion regarding the attorney or the law firm. But we are qualified to protect the shareholders, the company and its officers. Immediately after we heard the news we contacted OTC and asked for their opinion what procedures to follow. Finally we decided to remove the Opinion letter from the OTC site and started our own investigation.
We would like to inform our shareholders that after several attempts to communicate with OTC, we received an answer that if the company wishes, can replace the defective opinion letter with a legitimate one from a different attorney.
Also management spent extensive time on a telephone conference call with a FINRA representative who asked number of questions and made many detailed notes. Additionally the company received a letter from FINRA with additional inquiries that the company answered efficiently and forwarded to FINRA.
We would like to assure our shareholders that no mischievous or malicious activities were instigated by the company and its officers. It is clear that the company is a victim of malfeasance by some dishonest and deceitful individuals. At no time ever the company and its officers contemplated to defraud and deceive its shareholders or Green Cures Inc. In fact the evidence is proving that the company and its officers are trying to increase the shareholders' value by updating the company filings bringing it back to current status and completing the execution of the takeover as soon as possible.
Please be advised that the company will be posting a new attorney opinion letter shortly and has re-scheduled the closing of the takeover by Wednesday, February the 5th 2014. We apologize for the inconvenience and the unnecessary delay to close the final transaction.
ABOUT TRITON DISTRIBUTION SYSTEMS, INC. www.tritonds.com
Triton is a low-cost, business to business internet based travel distribution and procurement solution. Triton provides the electronic distribution of travel inventory from airlines, car rental companies, hotels, tour & cruise operators and other travel vendors to global travel agencies and their clients.
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. Triton disclaims any obligation or intention to update any forward-looking statement.