SOURCE: Triton Distribution Systems, Inc.

Triton Distribution Systems, Inc.

February 25, 2011 08:00 ET

Triton's Latest Developments of the Joint Venture Mining Project in Nevada

TIBURON, CA--(Marketwire - February 25, 2011) - Following yesterday's press release, Triton's (PINKSHEETS: TTDZ) Management wishes to inform all shareholders of the latest developments and progress of the company's Joint Venture.

  1. The Company's attorneys filed all documents required for the formation of "Green Earth Partners LLC" with the Nevada Secretary of State. Response should follow very quickly.

  2. The attorneys have also submitted for registration a total of 14 claims specifically designated for the mines in question in the name of "Green Earth Partners LLC."

  3. All corporate documentation was submitted to the Bank to open a new account in the name of the newly formed "Green Earth Partners LLC." Once the Nevada Secretary of State confirms the applications the bank account will be active.

  4. The company wired a substantial amount of funds to the attorney's trust account for the initial capitalization of "Green Earth Partners LLC." Additional operating capital will follow per the established and approved budget.

  5. The contemplated 5 year lease, with an option for an additional 5 years, of the 280 acres that houses the mines was fully executed and all payments have been agreed upon and settled. Additionally, an attached Exhibit to the lease also was agreed upon and executed for the ownership of the mines in twelve months from February 23, 2011.

  6. Universal Holdings executives confirmed the meeting in Beijing, China with Triton's CEO on March 10, 2011. It is also confirmed that simultaneously coinciding with the meeting Universal Holdings will finance the operation in the initial amount of US $3 Million.

Additionally:

  1. The Company is presently negotiating with an Investors Relations company to respond and answer all calls and requests received from the shareholders in a timely fashion.

  2. Next week the company will announce the progress of its new identity and branding.

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