ALISO VIEJO, Calif., May 18, 2005 (PRIMEZONE) -- GTREX Capital, Inc. (OTCBB:GRXI) today announced that, as a result of the filing of the company's 10-KSB Annual Report earlier this week, the "E" has been removed from its ticker symbol, and the company is again trading under the symbol GRXI.
Chris Berlandier, chief executive officer of GTREX Capital, Inc., commented, "We are pleased to have completed the audits of both the 2003 and 2004 fiscal years and are looking forward to reporting a number of important milestones we expect to reach over the next several weeks. Global Travel Exchange is poised to take on the first customers for its Voyager Network, generating revenues and gaining profile in the immense travel distribution industry. There are a number of additional events that we look forward to reporting, all of which are expected to foster the growth of Global Travel Exchange and increase the value of GTREX Capital's investment portfolio.
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.
The Company's initial portfolio investment, Global Travel Exchange, Inc., has developed the Voyager Platform distribution network, which enables lower cost connections between travel buyers and the reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. Through a software solution that 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.