GTREX Capital Announces Global Financial Exchange U.S. Marketing Agreement for Debit Cards.ALISO VIEJO, Calif. -- GTREX Capital, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GRXI) today announced Global Financial Exchange, a subsidiary of GTREX Capital's portfolio investment, Global Travel Exchange, has signed an agreement with 1WorldCardUS for marketing of the 1WorldCard as a 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. in 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. . 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. "We are pleased to have completed this agreement to bring Global Financial Exchange's 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 program to the lucrative U.S. market," said GTREX Capital chairman and chief executive officer Christopher Berlandier. 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 business. "We anticipate that, in addition to our expansion into the U.S., Global Financial Exchange will be entering into marketing agreements for other regions of the world very shortly and will be receiving new country licensing fees as these agreements are executed," added Mr. Berlandier. "Not only does each new region and country licensed portend por·tend tr.v. por·tend·ed, por·tend·ing, por·tends 1. To serve as an omen or a warning of; presage: black clouds that portend a storm. 2. greater future revenues for Global Financial Exchange through 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, but the licensing fees provide immediate revenues that provide stability for our portfolio investment." 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's 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
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. |
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