SOURCE: Triton Distribution Systems, Inc.

Triton Distribution Systems, Inc.

March 17, 2011 08:00 ET

Triton Releases More Information About Joint Venture Contracts and Funding Commitment for the Nevada Project With Universal Holdings

TIBURON, CA--(Marketwire - March 17, 2011) - Due to the number of inquiries received by the company regarding the request for clearer copies of the publicly released sample documents, Triton's (PINKSHEETS: TTDZ) Management decided to provide shareholders access to complete sets of sample documents that will not disclose specific names of locations or individuals due to non disclosure agreements that prevent the company from disclosure and are enforced by law. Shareholders can view the sample of these documents at http://www.tritonds.info. Please note that due to the number of agreements and the length of each agreement it was very difficult to publish the agreements in their entirety in last Friday's press release. We apologize for the confusion this may have caused investors recently.

Management also decided following Universal Holding's decision to invest in the Joint Venture, to engage a Securities Law Firm specializing in taking Green Earth Partners Public on the OTC Bulletin Board. Green Earth will first have to change its status from LLC to a regular Corporation in the State of Nevada. Thereafter Triton, Geo, Universal Holdings and a certain number of share holders will be shareholders of the future publicly trading Green Earth Partners. It is estimated that Green Earth Partners will be trading in August 2011.

Presently as previously announced Triton is going through an extensive audit and settlement of different matters. These include previous debts, agreements and engagements with Investor Relations Firm, Public Relations Firm and preparation of filings with the attorneys to upgrade the status of the company from a Pink Sheet company to an OTC Bulletin Board company.

The Company and Management are working very hard to make this project a success. Everyone in the company is very confident and the level of trust in our partners in China and the USA is very high. We wish to advise all shareholders that categorically there are no plans in the future to implement a Reverse Split. Previously several times beyond our control we were forced to follow the decisions that DTC wanted us to implement. Hence previous consolidation of shares was overturned into a Reverse Split. Based on the present results the future of the company is very promising. It is with great pride that the company states that it is a current company on the Pink Sheets and it will drive to remain current everywhere it is listed.

There are additional mining projects planned as well as other acquisitions in different industries. Everything needs time to develop; therefore management is asking all shareholders to be patient and promises to be focused on all company activities and work even harder to achieve a well deserved success.

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