NEW YORK, July 12, 2004 (PRIMEZONE) -- GTREX, Inc. (OTCBB:GRXI) announced today that its travel distribution service was launched at TravelWizard, LLC (travelwizard.com), the leading luxury travel agency that maintains a website at www.travelwizard.com.
GTREX, Inc. has created a 'white labeled' service that complements the existing travelwizard.com website and enables the online booking of airline, hotel and car rental trips through Galileo, Inc., and direct connections to the inventory of selected suppliers to travelwizard.com.
Travelwizard.com currently offers the most outstanding and comprehensive luxury travel information on the worldwide web, and is considered the number one source for luxury vacations in the world. With GTREX, Inc., travelwizard.com expands the scope of its business and has the ability to complete online bookings as well. Customers with simple itineraries will be able to quickly execute reservations for their entire trip in a single session on travelwizard.com, enabling travelwizard.com agents' time to concentrate on the more complex itineraries. With direct connection to travelwizard.com's suppliers, the agents will become more productive, the agency more profitable and customers will realize enhanced speed and efficiency when booking their travel plans.
GTREX, Inc. believes that its solution is unique among those currently available in that it allows travelers to access reservations from the Global Distribution Systems (GDS) and also directly from preferred travel suppliers, insuring access to total availability and the best price. GTREX will earn fees for reservations made through the service.
Kailash Khanna, CEO of GTREX, Inc. stated, "The entire GTREX team is excited with the launch of the GTREX service, it is a very satisfying culmination of hard work and dedication by so many people. GTREX is now operating commercially and we will begin seeing revenue generated from the web service." He added, "Travelwizard.com has done extensive hands-on testing and is very satisfied with the functionality and performance of the GTREX booking engine. We look forward to the future success of travelwizard.com. GTREX Inc. will now charge ahead with its sales and marketing efforts, targeting other suppliers and distributors to connect to the GTREX service."
About GTREX
GTREX is a Global Distribution System (GDS) enabling direct access to reservation systems of major travel suppliers -- airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. GTREX searches for the availability and price for the itinerary suggested by the buyer over all direct connected suppliers and GDS's, and 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.
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This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the Company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of GTREX, Inc. to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in GTREX's periodic reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and GTREX assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products and or services, inability to deliver products and or services when ordered, inability of potential customers to pay for ordered products and or services, and political and economic risks inherent in international trade.