GTREX Capital Announces New Acquisition Candidate
Monday October 15, 2007 - 08:58 AM EDT
Source: Marketwire News Releases
Author: GTREX Capital, Inc.
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GTREX Capital, Inc. (OTCBB: 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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About GTREX Capital, Inc.
GTREX Capital, Inc. (http://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.
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.
Gemini Financial Communications, Inc.
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