GTREX Capital Announces New Acquisition Candidate
Issued Monday, October 15, 8:58 am ET
MURRIETA, Calif.--(MARKET WIRE)--Oct. 15, 2007--GTREX Capital, Inc. (OTC BB:
GRXI), a holding company with subsidiary operations in the travel distribution industry, today
announced that it has identified a new acquisition candidate to become the focus of the
company’s operations. An initial agreement in the form of a letter of intent is expected to be
signed in the near future, at which time the name of the acquisition candidate will be announced.
GTREX Capital is a fully reporting over-the-counter bulletin board company that has been
positioned as a public vehicle for an operating company that will bring value for shareholders.
Its existing subsidiary, Global Travel Exchange, is a travel distribution technology company that
provides a more efficient and cost-effective connection between customers and travel suppliers.
If the planned acquisition is not a company that does business in the travel industry, there may be
a spin-out of Global Travel Exchange that would include a dividend of its shares to GTREX
Capital shareholders.
The new targeted acquisition candidate has existing revenues and assets and is believed by
GTREX Capital management to possess the potential for significant long-term growth in its
industry segment.
GTREX Capital recently determined that it should not proceed with an acquisition of Elleipsis,
Inc. due to the presence of more favorable acquisition opportunities presented to management.
“We are pleased to announce that a new acquisition candidate for GTREX Capital has been
identified,” stated Steven R. Peacock, GTREX Capital consultant chief executive officer.
“Management very strongly believes that the company that we have identified to become the
focus of the company’s operations will not only deliver long-term value for shareholders, but
will also attract significant interest in the public markets.
“We look forward to announcing a letter of intent in the near term, so we can begin discussing
the business of the targeted acquisition and its potential in the public markets as soon as
possible,” he added.
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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 a subsidiary
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 is in the process of identifying synergistic and non-synergistic businesses as
potential acquisition targets for the company.