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Triton's Controlling Shareholders Approve Acquisition of Advance Gold Technology ("AGT")
TIBURON, CA, Dec 15, 2010 (MARKETWIRE via COMTEX) -- Triton's (PINKSHEETS: TTDZD) (PINKSHEETS: TTDZ) management announced today that the Controlling Shareholders of Triton Distribution Systems, Inc. that control 52.63% of Triton's stock have officially approved the acquisition of 51% control of Advance Gold Technology ("AGT"). Under this acquisition AGT will become a wholly owned subsidiary of Triton Distribution Systems, Inc. Triton will exchange 20,000,000 restricted shares for 51% of the outstanding equity of AGT. The Board of Directors and Management of Triton were instructed to expedite the finalization of the Due Diligence documents and final agreements to be executed by January 15, 2011. All ("AGT") shareholders will vote their approval by Friday, December 17, 2010.
About Triton Distribution Systems: Triton Distribution Systems is an Internet-based software engineering company for electronic distribution of inventories in diversified industries from shipping to travel and from mining to transportation, hospitality and medical.
FORWARD-LOOKING STATEMENTS: This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. The company's operations and business prospects are always subject to risk and uncertainties.
