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Press Release
GTREX Capital CEO Files Form 4 on 5 Million Share Common Stock Purchase
Issued Tuesday March 4, 12:47 pm ET
MURRIETA, Calif.--(MARKET WIRE)--Mar. 4, 2008--GTREX Capital, Inc. (OTC BB: GRXI), which recently acquired 85% of Green Globe, Ltd., a British company that owns the Green Globe brand, today announced that on March 3, 2008, Chief Executive Officer Steven R. Peacock purchased an additional 5 million shares of the company’s common stock in the open market at a price of $0.0002 per share. This purchase brings the total number of shares of the company’s common stock that Mr. Peacock owns to 59,919,385.
Mr. Peacock’s purchase is reflected in a Form 4 Statement of Change in Beneficial Ownership of Securities filed today with the Securities and Exchange Commission.
Under the ownership of GTREX Capital, which has announced plans to change its name to Green Globe International, Inc., Green Globe is expected to expand the reach of the brand beyond its current affiliated organizations, which include hotels, resorts and other tourism destinations that meet certain specific benchmarks for sustainability, to additional applications both inside and outside the travel and tourism market.
As a result of the acquisition of the green Globe brand, GTREX Capital’s Global Travel Exchange subsidiary is expected to apply its travel distribution technology in new global business opportunities. Portal technologies acquired by the company will include features and tools related to climate care and environmentally responsible travel.
“We are all very excited about the possibilities for the company as a result of the acquisition of the Green Globe brand, and I look forward to participating in the market with additional future purchases of the company’s common stock,” stated Mr. Peacock.
“The growing worldwide concern over the environmental impact of human behavior and response to global climate change has placed these issues at the forefront of the travel and tourism industry, as well as virtually every other business that exists today. We look forward to providing use of the Green Globe brand and the standards that it represents to businesses, organizations, communities, and others seeking a method to demonstrate that they are operating in a responsible fashion,” he added.
To subscribe to the company’s email alert system and receive information directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit www.gtrexcapital.com/investor.php.
About GTREX Capital, Inc.
GTREX Capital, Inc. (www.gtrexcapital.com) is a holding company with subsidiaries conducting business in the travel industry. Global Travel Exchange, Inc., a GTREX Capital subsidiary, 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. GTREX Capital has just closed the acquisition of majority ownership of Green Globe, Ltd., a British company that owns the Green Globe brand, the premier international brand for travel, tourism and related businesses. With the acquisition of Green Globe, Ltd. (UK), the focus of the company will be the promotion and protection of the Green Globe brand and to expand its use by businesses, communities and other entities.
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.
Contact:
Gemini Financial Communications, Inc.
A. Beyer
951-677-8073
investors@gtrexcapital.com
Press Release
GTREX Capital CEO Files Form 4 on 5 Million Share Common Stock Purchase
Issued Tuesday March 4, 12:47 pm ET
MURRIETA, Calif.--(MARKET WIRE)--Mar. 4, 2008--GTREX Capital, Inc. (OTC BB: GRXI), which recently acquired 85% of Green Globe, Ltd., a British company that owns the Green Globe brand, today announced that on March 3, 2008, Chief Executive Officer Steven R. Peacock purchased an additional 5 million shares of the company’s common stock in the open market at a price of $0.0002 per share. This purchase brings the total number of shares of the company’s common stock that Mr. Peacock owns to 59,919,385.
Mr. Peacock’s purchase is reflected in a Form 4 Statement of Change in Beneficial Ownership of Securities filed today with the Securities and Exchange Commission.
Under the ownership of GTREX Capital, which has announced plans to change its name to Green Globe International, Inc., Green Globe is expected to expand the reach of the brand beyond its current affiliated organizations, which include hotels, resorts and other tourism destinations that meet certain specific benchmarks for sustainability, to additional applications both inside and outside the travel and tourism market.
As a result of the acquisition of the green Globe brand, GTREX Capital’s Global Travel Exchange subsidiary is expected to apply its travel distribution technology in new global business opportunities. Portal technologies acquired by the company will include features and tools related to climate care and environmentally responsible travel.
“We are all very excited about the possibilities for the company as a result of the acquisition of the Green Globe brand, and I look forward to participating in the market with additional future purchases of the company’s common stock,” stated Mr. Peacock.
“The growing worldwide concern over the environmental impact of human behavior and response to global climate change has placed these issues at the forefront of the travel and tourism industry, as well as virtually every other business that exists today. We look forward to providing use of the Green Globe brand and the standards that it represents to businesses, organizations, communities, and others seeking a method to demonstrate that they are operating in a responsible fashion,” he added.
To subscribe to the company’s email alert system and receive information directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit www.gtrexcapital.com/investor.php.
About GTREX Capital, Inc.
GTREX Capital, Inc. (www.gtrexcapital.com) is a holding company with subsidiaries conducting business in the travel industry. Global Travel Exchange, Inc., a GTREX Capital subsidiary, 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. GTREX Capital has just closed the acquisition of majority ownership of Green Globe, Ltd., a British company that owns the Green Globe brand, the premier international brand for travel, tourism and related businesses. With the acquisition of Green Globe, Ltd. (UK), the focus of the company will be the promotion and protection of the Green Globe brand and to expand its use by businesses, communities and other entities.
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.
Contact:
Gemini Financial Communications, Inc.
A. Beyer
951-677-8073
investors@gtrexcapital.com
