GTREX Capital Announces Travel Service Portals Planned for up to 25 Million Global Travel Exchange Customers in Asian Markets.
"As part of its expansion into East and Southeast Asian markets, Global Travel Exchange is in the final stages of negotiations with Asian companies, which range from banking institutions to retail locations, to bring travel service capabilities to their customers," commented GTREX Capital chairman and chief executive officer Christopher Berlandier. "The portals will be accessible on company websites and at targeted business locations that serve up to 25 million customers. Global Travel Exchange will utilize regional marketing professionals experienced in penetrating the target markets to bring a large number of users to these portals to maximize their revenue potential."
GTREX Capital recently announced that Global Travel Exchange has partnered with Matrix Traveller to distribute travel inventory to customers in Thailand and other Asian markets, generating transaction, set-up and license fees for Global Travel Exchange. This partnership and Global Travel Exchange's ongoing marketing initiative for branded debit and cheque cards across Asia are expected to further bolster Global Travel Exchange revenue potential in this region.
"With each additional service that Global Travel Exchange brings to Asia, the more complete its offerings become and the greater profile it can achieve in this market. To reach its potential in the travel distribution industry, Global Travel Exchange is pursuing a comprehensive expansion program, which includes the growth of its core distribution offerings, as well as the expansion of attractive add-on products such as the branded Global Cheque Card and related card products," added Mr. Berlandier.
Global Travel Exchange has developed and implemented several Extensible Markup Language (XML) interfaces, in accordance with OTA specifications, to ensure a direct connection between Global Travel Exchange and suppliers of travel services. Global Travel Exchange's high-quality direct connection will provide clients with access to higher quality information, translating into more convenience for travelers and travel arrangers.
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, 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), 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 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 of 1995.
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|Date:||Sep 21, 2005|
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