GTREX Capital Identifies Planned Travel Industry Acquisition
Issued Monday May 21, 9:28 am ET
TEMECULA, Calif.--(MARKET WIRE)--May 21, 2007--GTREX Capital, Inc. (OTC BB:
GRXI) a holding company with subsidiary operations in the travel distribution industry, today
announced that the company has identified a potential acquisition that provides substantial
synergies with GTREX Capital’s existing subsidiary, Global Travel Exchange
Consultant CEO Steve R. Peacock, speaking on behalf of GTREX Capital, recently outlined
management’s strategy to target and execute a major acquisition of a synergistic company in the
travel industry. Mr. Peacock has extensive experience in seeking out and identifying emerging
growth investment opportunities.
“We are extremely pleased to announce that we have identified a potential investment
opportunity and that this acquisition target is the type of company that we expect will deliver
long-term value to GTREX Capital and its shareholders,” stated Mr. Peacock. “The fact that this
company has significant synergies with Global Travel Exchange only adds to the value potential
for GTREX shareholders.”
“We look forward to completing the initial due diligence process with the targeted acquisition
and providing additional information to our shareholders and the broader public markets shortly.
Shareholders should monitor the company’s upcoming announcements, since we remain
committed to consistent communications with an emphasis on transparency as our acquisition
strategy is executed,” Mr. Peacock added.
GTREX Capital recently announced that Mr. Peacock will participate in an interview that will be
posted with the company’s profile on www.equitydigest.com. The topics anticipated to be
addressed in the interview will be the targeted acquisition, the current structure of GTREX
Capital, the status of its Global Travel Exchange subsidiary, plans to facilitate long-term growth
in Global Travel Exchange, and expectations for long-term growth.
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, including the posting of Mr. Peacock’s upcoming interview, please visit
www.gtrexcapital.com/investor.php.
About GTREX Capital, Inc.
GTREX Capital, Inc. (www.gtrexcapital.com) is a holding company with a subsidiary
conducting business in the travel industry. Global Travel Exchange, Inc. (www.gtrex.com), 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 is in the process of identifying additional synergistic businesses in
the travel distribution sector as potential acquisition targets.