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GTREX Capital Files Quarterly Report and Updates Shareholders on Execution of Acquisition Strategy
GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today filed its quarterly report on Form 10-QSB for the period ended September 30, 2007 and updated shareholders on the status of its expected acquisition of a company that will become the focus of its future operations.

A link to the quarterly report can be found on the company's corporate website, www.gtrexcapital.com.

In addition to reporting the filing of the 10-QSB, GTREX Capital announced that it is continuing the due diligence process related to the company it has targeted for acquisition. In mid-October, the company announced that it had identified a new acquisition candidate and expected to enter into a letter of intent shortly thereafter.

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.

GTREX Capital management is focused on acquisition candidates that possess the potential for significant long-term growth in their respective industry segments.

"As we continue with our due diligence process on the targeted acquisition, which has taken more time than was initially anticipated, we will concurrently consider additional acquisition and reverse merger opportunities that are presented to GTREX Capital," stated Steven R. Peacock, GTREX Capital consultant chief executive officer. "The additional acquisition candidates include companies both within and outside the travel field, and depending upon which company becomes the operating entity within GTREX Capital, there could possibly be a spin-out of Global Travel Exchange including a dividend of its shares to GTREX Capital shareholders."

"Shareholders should also be aware that Global Travel Exchange's travel distribution technology provides a number of attractive scenarios for synergistic acquisitions, and we are currently evaluating several of these as acquisition candidates," Mr. Peacock added.

To subscribe to the company's email alert system and receive information directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.gtrexcapital.com/investor.php.

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.

Contact:

Gemini Financial Communications, Inc.
A. Beyer
951-677-8073
Email Contact





Source: Marketwire (November 15, 2007 - 9:08 AM EST)

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