ALISO VIEJO, Calif., June 16, 2005 (PRIMEZONE) -- GTREX Capital, Inc. (OTCBB:GRXI) and its operating subsidiary Global Travel Exchange, Inc., a leading provider of direct access travel distribution technology, today announced an agreement with Itellix to provide a single comprehensive solution for the Global Travel Exchange's Voyager Network travel distribution system. The web services management solution provided by Itellix is expected to reduce costs and improve service as Global Travel Exchange increases the number of transactions booked through its platform.
Itellix's web services management tool integrated within the Voyager Platform will author and manage service level agreements, ensure quality of service while optimizing available resources, and support various pricing models based on usage and agreed upon service levels. The results for Global Travel Exchange will include a reduction in personnel needed to manage a complex travel distribution system on an ongoing basis and the facilitation of several new offerings to the supplier market for distribution and services.
"We are pleased to have contracted with Itellix to use its web services management suite and integrate these tools into the Voyager Network. We have worked diligently and continue to work with Itellix's engineering staff to make certain that our platforms are well integrated and scalable. By having the proper system and support in place, Global Travel Exchange is preventing any compromise in service quality and a range of security and performance issues for its customers," commented Christopher Berlandier, chief executive officer of GTREX Capital, Inc.
Global Travel Exchange has developed and implemented several XML (Extensible Markup Language) interfaces, in accordance with OTA specifications, to ensure a direct connection between Global Travel Exchange and suppliers of travel services. XML, a cross-platform software and hardware-independent tool for storing and transmitting information, is becoming the standard method to communicate data between servers and between servers and browsers. Global Travel Exchange's high-quality direct connection will provide clients with access to higher quality information, translating into more convenience for travelers and travel arrangers.
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.
Its initial portfolio investment, Global Travel Exchange, Inc., 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. Through the Voyager Network 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.
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.