SOURCE: Triton Distribution Systems, Inc.

Triton Distribution Systems, Inc.

February 15, 2011 08:00 ET

Update on Triton's February 7, 2011 Announcement of Expansion of Its Operations

TIBURON, CA--(Marketwire - February 15, 2011) - Triton's (PINKSHEETS: TTDZ) Management was informed yesterday by the company's attorneys that the final documents concerning the gold mine assets and the land of the operation in Nevada, USA, will be signed on Wednesday, February 16, 2011 and will be made public via a press release on Thursday, February 17, 2011. The agreements being put in place are in no way simple and actually take a bit more time than previously indicated. The attorneys working on this are expediting the agreements as best they can. Also the current short delay should absolutely not be interpreted as an issue with respect to our Chinese partners. The Company can positively report that our partners are extremely excited with Triton's long term future plans, and will also release additional news on the first investment that will be sent from China simultaneously with the release of the signing of the final documents.

Triton's Management also would like to inform shareholders that testing of the ore at the mine is showing that it we will be in a much more advantageous position processing the ore/materials on the property going forward and therefore considerably more advantageous to Triton Shareholders.

Triton organized a highly effective and efficient small scale operation for producing this mine as well as additional mines that the company expects to contract with and come on line in the near future. Management is also very much aware that the "Green Movement" in mining is on and are sensitive to that, thus the reason that we are producing minerals from the mines with a green approach and no cyanide is being used during this process. When a mining operation is complete Triton crews will leave the area clean with the environment in mind.

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