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GTREX Capital Announces Global Financial Exchange Debit Card Marketing Agreement for Markets Outside the U.S.


ALISO VIEJO, Calif. -- GTREX Capital, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:GRXI) today announced that portfolio company Global Financial Exchange has signed an agreement with Worldwide Star Holdings, a Hong Kong-based company, for the marketing of the 1WorldCard to countries outside the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. .

"In addition to our recent agreement to facilitate entry of Global Financial Exchange's debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account.  program into the United States, there is great potential for significant business in the Middle East and Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. ," said GTREX Capital chairman and chief executive officer Christopher Berlandier. "Remittances alone, which is money sent by workers back to their home countries, represent over one hundred billion dollars annually, and Worldwide Star Holdings will target this market as well as the market for travel cards and other debit card applications."

The 1WorldCard (www.1worldcardus.com) provides a unique network of services that facilitates convenient, affordable and real time transfers of funds in any part of the world. The debit cards may be used as remittance cards, employee payroll cards, retail cards, affinity group A special interest group. This is a marketing term for a group of people with similar interests.  cards, travel cards and fund transfer cards and can be used wherever its major card brand is accepted around the world.

Global Travel Exchange recently formed Global Financial Exchange as a new subsidiary whose core focus is to manage and oversee the expansion of its burgeoning debit and cheque card cheque card
Noun

Brit a plastic card issued by a bank guaranteeing payment of a customer's cheques

cheque card n (BRIT) → tarjeta de identificación bancaria 
 business.

Beyond licensing fees generated by each new country licensed for the debit card program, Global Financial Exchange receives revenue from activation fees, monthly management fees, ATM usage fees ATM Usage Fees are the fees many banks and interbank networks charge for the use of their Automated Teller Machines (ATMs). In some cases, these fees are assessed solely for non-members of the bank; in other cases, they apply to all users. , and loading fees that are generated on a per card basis.

Global Financial Exchange initially entered the debit and cheque card market as attractive add-on product for cross-marketing with travel deals and loyalty features for worldwide customers that use the Global Travel Exchange distribution platform. The cards allow customers access to unique and affordable travel packages and inventory across the globe, as well as providing savings for users who order additional branded cards, including as a membership card with loyalty features such as discounts on travel products.

To sign up to receive information by email directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.gtrexcapital.com/investor.asp.

About GTREX Capital, Inc.

GTREX Capital, Inc. (http://www.gtrexcapital.com) is a Business Development Company pursuant to the Investment Company Act of 1940 whose core focus is to assemble an investment portfolio of investments into businesses related to the travel industry.

Its initial portfolio investment, Global Travel Exchange, Inc., has launched its Voyager Network travel distribution platform, which provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines
See also List of ferry operators
This is a list of cruise lines, companies that operate cruise ships.
Name Headquarters
A'rosa Europe
NCL America America
AIDA Cruises Europe
American Cruise Lines America
, hotels, car rental companies and providers of other travel amenities. Through the Voyager Network searches for the availability and price for the itinerary suggested by the buyer over all direct connected suppliers and existing Global Distribution Systems (GDS GDS Global Distribution System
GDS Google Desktop Search (Google)
GDS Goodie Domain Service (Vienna University of Technology, Austria)
GDS Guards
), Global Travel Exchange presents the results in an easy to understand format. Besides improved brand and revenue management, suppliers save distribution costs while providing efficient service to major customers through a direct connection. Global Travel Exchange is positioned to market its services through travel distribution partners, contributing to the expansion of the Company's marketing channels and expedite revenue growth.

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement

This release contains forward-looking statements with respect to the results of operations and business of GTREX Capital, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 2, 2006
Words:616
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