Triton Distribution Systems Receives Accreditation from the Philippine Economic Zone Authority (PEZA).SAUSALITO, Calif. -- Triton Distribution Systems, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PAOI), a next generation web-based travel services distributor, announced today that it has received accreditation from the Philippine Economic Zone Authority (PEZA PEZA Philippine Export Zone Authority ), giving it special incentives and preferred business status for its expansion into 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. . Triton has recently opened an office in Manila in The Enterprise Building, one of PEZA's designated "Economic Zones" in Makati City The City of Makati, or simply Makati, is one of the cities and municipalities that make up Metro Manila, the greater metropolitan area of the national capital of the Philippines. , Manila's prestigious business and financial center. PEZA is an investment promotion agency and a government owned corporation, attached to the Department of Trade & Industry. PEZA's accreditation boosts Triton's efforts to establish the Philippines as its major operations hub to serve the region's growing travel market. The accreditation allows Triton to enjoy fiscal and non-fiscal incentives, such as exemption from corporate income tax for a period of time, simplified import and export procedures, and exemption from duties and tax on imported capital equipment. PEZA also offers ready-to-occupy office locations such as the one Triton occupies in designated "Economic Zones." "Receiving PEZA's accreditation is a cornerstone of our business strategy for developing the Southeast Asia travel market and for helping to boost the travel and tourism industry there," said Gregory Lykiardopoulos, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Triton Distribution Systems. "We are pleased to have the Philippine Economic Zone Authority as our strategic partner as we continue to serve our growing number of clients in that area of the world." About Triton Distribution Systems Triton Distribution Systems is a pioneer in low-cost, business-to-business Internet-based travel distribution and procurement solutions. Triton provides the electronic distribution of travel inventory from airlines, car rental companies, hotels, tour and cruise operators, and other travel sellers to travel agencies and their clients on a global basis. Triton's proprietary products and services fill crucial needs in the travel industry, and offer product, pricing, and marketing advantages. Triton has developed a broad-based suite of products, including ReservationExpert(TM), CruiseExpert(TM) and TourExpert(TM)-- its keystone key·stone n. 1. Architecture The central wedge-shaped stone of an arch that locks its parts together. Also called headstone. 2. The central supporting element of a whole. technology for use by travel agents. 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. This news release includes forward-looking statements that are made pursuant to the 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. provisions 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. 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. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission. To receive public information, including press releases, conference calls, SEC filings, profiles, investor kits, News Alerts and other pertinent information please click on the following link: http://www.b2i.us/irpass.asp?BzID=1391&to=ea&s=0. |
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