BB's Stock Haven

[westcoastcash]

Gtrex Capital GRXI .008 cents
ONLY 23 million shares outstanding

GRXIQuote / GRXINews / GRXI Msg Brd / GRXIChart / GRXILiveChart

GTREX Capital Announces Delivery of First Global Travel Exchange Cheque Cards for Asia Market
E-mail or Print this story

11 August 2005, 09:26am ET

ALISO VIEJO, Calif.--(BUSINESS WIRE)--Aug. 11, 2005--GTREX Capital, Inc. (OTCBB:GRXI) today announced that the marketing partner of subsidiary Global Travel Exchange, Inc. has received the first delivery of the Global Cheque Card in Asia. Worldwide Global Express, a Hong Kong corporation, has contracted with Global Travel Exchange, a leading provider of direct access travel distribution technology, for the marketing of Global Travel Exchange's branded cheque card in North America, Asia and Europe.

"Interest in the Global Cheque Card is extremely high, and Worldwide Global Express is preparing for an aggressive marketing effort, first in Asia and then in Europe and North America. A priority in our strategy for this segment of Global Travel Exchange's business is to initiate a multi-national chain to create more loading and transfer capabilities as well as more locations for an expanding customer base. We strongly believe that this initiative has the potential to bring significant revenue to our Global Travel Exchange subsidiary, and add value to our investment portfolio," commented Christopher Berlandier, chairman and chief executive officer of GTREX Capital, Inc.

Worldwide Global Express will use the first cards as test and presentation cards as it launches its marketing and distribution for the Global Cheque Card, beginning in 7 countries in North America, Asia and Europe, with a particular focus in the Asian market. Global Travel Exchange will receive a $30,000 per country licensing fee from Worldwide Global Express, in addition to initiation fees, monthly management fees, ATM usage fees, and loading fees.

Global Travel Exchange's Global Cheque Card will allow customers to pay for travel or any other products and services wherever the cards are accepted around the world and obtain money from automated teller machines. Graphic design and detail on the Global Travel Exchange's branded card has been completed, and the cards are expected to be produced in the next few weeks.

Mentioned Last Change
GRXI 0.009 0.001dollars or (10.00%)
"The Global Cheque Card is also the type of add-on product that carries significant cross-marketing potential with travel deals and loyalty from Asia customers that use the Global Travel Exchange's distribution platform. The cards allow these customers access to unique and affordable travel packages and inventory across the globe, as well as providing savings for users who order additional branded cards, including as a membership card with loyalty features such as discounts on travel products," added Mr. Berlandier.

This marketing launch is one of the events on Mr. Berlandier's itinerary during his four-country trip in North America and Asia to assist with advancing the progress of several ongoing ventures for Global Travel Exchange, Inc. Mr. Berlandier has completed a visit to British Columbia, Canada, where he continued the company's due diligence process for several Vancouver-based travel businesses. He is currently in Hong Kong for his meetings with Worldwide Global Express and the launch of the debit cards, and he will also visit the Philippines and Thailand, where he will meet with other debit card and banking partners.

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.

CONTACT: Gemini Financial Communications