TIBURON, Calif., June 21, 2012 /PRNewswire/ -- Triton Distribution Systems, Inc. (TTDZ.PK) announced today that the Company has finalized an agreement via its wholly owned subsidiary Privileged, Inc. and under a separate newly formed division named Privileged World Travel an agreement with a consortium of Chinese Provinces affiliated with the main Chinese Federal Government. Privileged World Travel will provide exclusive travel services to 1,000,000 Chinese tourists visiting the United States in the fiscal year 2012-2013.
It is estimated that 13,000,000 Chinese will be authorized to visit the United States in the next 12 months of 2012-2013 fiscal year. Destinations in the United States include Las Vegas, Los Angeles, San Francisco, Chicago, New York, Boston, Houston and Miami.
Privileged World Travel will provide also additional services to the Chinese Tourists such as health insurance with the possibility of hospitalization if needed while in the United States, Club membership in Privileged Travel Club with discounts in transportation, lodging, restaurants, theaters, etc., etc. while visiting.
It is estimated that the net profit expected from this agreement will reach approximately $50.00 per person or $50 Million in total.
Mr. Gregory Lykiardopoulous, Triton Distribution Systems, Inc. CEO said; " This latest development of our sister company will open the doors to other Asian countries to use our elite travel club facilities and services. We are very excited with this agreement and we are looking forward to the challenges in providing good services to our visitors and in showing our countries most prestigious and sophisticated tourist destinations."
Triton is a low-cost, business to business internet based travel distribution and procurement solution. Triton provides the electronic distribution of travel inventory from airlines, car rental companies, hotels, tour & cruise operators and other travel vendors to global travel agencies and their clients.
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.
Contact: Triton Distribution Systems, Inc. 415-381-4806
TIBURON, CA -- (Marketwire) -- 06/27/12 -- Triton Distribution Systems, Inc. (PINKSHEETS: TTDZ) announced today that its wholly owned subsidiary, "Privileged, Inc.," is in negotiations to acquire the controlling interest in a publicly trading company on the OTC Markets Exchange. Privileged, Inc., is planning and is arranging to merge with the public company following the acquisition.
Triton and Privileged have agreed to commemorate this event by offering to all Triton's shareholders a one-year, Imperatorial level Membership in Privileged Travel Club free of charge, valued at $150.00 per person annually, in appreciation for their long-time support of Triton. All shareholders of record as of July 16, 2012, will be eligible to receive this bonus. Additional information will be provided to shareholders about the Travel Club Membership and this offer in the very near future.
Triton owns 100% of Privileged, Inc. and will also license its proprietary Travel Reservation System's technology: "Reservation Expert System™" (RES), to Privileged, Inc. for an initial annual royalty of $2 Million. The license agreement will be for an initial term of two years, and thereafter it will be renegotiated annually based upon customary performance clauses.
ABOUT TRITON DISTRIBUTION SYSTEMS, INC. www.tritonds.com
Triton is a low-cost, business to business internet based travel distribution and procurement solution. Triton provides the electronic distribution of travel inventory from airlines, car rental companies, hotels, tour & cruise operators and other travel vendors to global travel agencies and their clients.
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. Triton disclaims any obligation or intention to update any forward-looking statement.
Contact: Triton Distribution Systems, Inc. info@tritonds.com
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