SOURCE: Triton Distribution Systems, Inc.

Triton Distribution Systems, Inc.

April 15, 2011 08:00 ET

Triton's Progress of All Plans and Business Activities to Date

TIBURON, CA--(Marketwire - Apr 15, 2011) - Triton's (PINKSHEETS: TTDZ) Management wishes to update all shareholders of the Company progress for its plans and business activities to date as well as highlight the significant progress we have made over the past eight months. While Triton has received several calls regarding validation or clarification of its previous announcements, the company's management will not deviate from the information provided and will stay within company's guidelines in providing accurate and truthful public news to its shareholders.

Management efforts and energy is 100% directed towards making the company successful and profitable. While it is the management's policy not to comment on the company share fluctuation or price, we at Triton feel confident that the fundamentals will take hold and effectively increase in due course.

Shareholders should always do their own due diligence and Triton is committed to providing accurate and detailed information for shareholder perusal.

We are extremely happy to provide below a list of the progress we have made:

List of Company Progress to date:

1. Triton reduced its debt by US $ 8.3 Million Dollars.

2. Triton Restructured its capitalization from 44,007,866,636 shares to 220,010,817 shares including the Retirement of 34,892,672,451 shares belonging to the Company's CEO at no cost to the Company.

3. The share price increased from $ 0.0001 to $ 0.0045.

4. Triton Reduced its authorized shares from 50,018,000,100 shares to 1,000,000,000 shares.

5. Due to the legal ramifications involved in the AGT deal, Triton cannot comment any further on the AGT deal.

6. Triton files Year-end Financial Reports and announces that the Company is now current.

7. Triton announced a stock repurchase program and purchased an undisclosed amount of shares on the open market at market prices.

8. Triton CEO does Live Interview on ChartPoppers.com.

9. Triton secured the takeover of gold mine assets operation in Nevada, USA.

10. Triton announces the signing of a definitive and binding Joint Venture and Strategic. Alliance agreement with GEO, Inc. of Nevada.

11. Triton established a relationship with an accounting firm to audit the Company's financials from 2008 to date. Auditing is in progress.

12. Triton is working closely with the securities attorneys to complete the upgrade of the Company on the OTC Bulletin Board. When the financials are ready the filing will be submitted to the responsible Authorities.

13. The new identity and branding is ready. Once the Company is approved for the upgrade on the OTC Bulletin Board it will be introduced accordingly.

14. All documents concerning the Joint Venture and the establishing of Green Earth Partners, LLC have been signed and all claims have been registered.

15. Triton acquires an additional mine in Nevada, USA.

16. Universal Holdings agrees to invest US $ 3 Million in the Joint Venture in return for equity.

17. Triton and Green Earth Partners commissioned a new Technical Report on their Nevada properties.

18. Triton is still on the lookout for an Investor Relations and Public Relations company.

19. Triton is preparing Green Earth Partners to go public.

20. Triton will release the latest testing, geophysical and assay results for all the Nevada properties together with the engineering report next week. The initial indications of the testing are excellent.

21. Triton and Green Earth Partners are working on a detailed Business and Operational plan to start the mining operations very soon.

It is expected that simultaneously when the test results and the engineering report are released Triton will receive from Universal Holdings their investment funds of US $ 3 Million. The Company will announce the deposit of the funds immediately upon receiving them and this funding will begin our mining operations.

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