GTREX Capital Announces Syndication Agreement with Bowstreet for Global Travel Exchange Subsidiary.ALISO VIEJO, Calif. -- GTREX Capital Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GRXI) today announced that its operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , Global Travel Exchange Inc., has signed a three-year travel syndication agreement with Bowstreet Inc., which will deliver and manage syndication of travel content and highly configurable travel storefronts to countless unique supplier and customer Web sites engaged with the Global Travel Exchange distribution system. Bowstreet's Syndication Factory is a patented software automation platform that simplifies and accelerates the development, customization, distribution and maintenance of Web applications. Bowstreet's Syndication Factory enables companies to seamlessly embed em·bed also im·bed v. em·bed·ded, em·bed·ding, em·beds v.tr. 1. To fix firmly in a surrounding mass: embed a post in concrete; fossils embedded in shale. highly customized applications into partners' Web sites in a cost-effective, scalable manner. Unlike other approaches, this powerful technology eliminates the IT bottleneck A lessening of throughput. It often refers to networks that are overloaded, which is caused by the inability of the hardware and transmission lines to support the traffic. It can also refer to a mismatch inside the computer where slower-speed peripheral buses and devices prevent the CPU by empowering business users to dynamically create and maintain highly customized versions of services. Since the services are dynamically generated rather than explicitly coded, change becomes essentially effortless ef·fort·less adj. Calling for, requiring, or showing little or no effort. See Synonyms at easy. ef  fort·less·ly adv. . The net result is a dramatic reduction in IT costs, improved partner loyalty, and increased market share. "This agreement with Bowstreet will allow Global Travel Exchange and countless suppliers to syndicate content to be distributed to literally thousands of associated Web sites," commented Christopher Berlandier, chairman and chief executive officer of GTREX Capital Inc. "Moreover, the information will be customized to each individual need. In the case of suppliers that use Global Travel Exchange to distribute their inventory, the supplier is still seen by the customer as the seller with the unique branded look of that company, and brand management is an important element of the supplier/customer relationship. Most suppliers pride themselves in customer loyalty, so they want the inventory that Global Travel Exchange distributes to have the correct look and feel. "Bowstreet's Syndication Factory provides low overhead and affordability that allows Global Travel Exchange to distribute content worldwide to travel distribution partners both large and small. We expect to utilize the Syndication Factory to expand the reach and improve the effectiveness of Global Travel Exchange's distribution platform," added Berlandier. 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., 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 a software solution that 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 distribution costs distribute npl → Vertriebskosten pl 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion