Triton Announces the Finalization of a Recapitalization Agreement With Foreign Investors From the Orient
September 16 2010 - 8:30AM
Marketwired
Triton (PINKSHEETS: TTDZ) announced today the Finalization of a
Recapitalization Agreement with Foreign Investors from the Orient
that will allow the Company to continue operations and expand the
marketing and sales of its products to 3 global markets in addition
to the USA and China. These markets are the EU market, the Central
America market and the Southeast Asian market.
"We have finally successfully arranged for the Recapitalization
of the Company through several Investors from the Orient. This plan
will start implementation by the middle of October and will
continue for the next six months. We are planning to expand our
operations and design a marketing plan that will include marketing
our products to countries in the EU regions, such as: the Northern
European countries, and Central Europe. Additionally, we are
planning to increase our presence in the United States and South
America," said Gregory Lykiardopoulos, Chairman and CEO of Triton
Distribution Systems, Inc.
About Triton Distribution Systems: Triton
Distribution Systems is a pioneer in low-cost,
business-to-business, Internet-based travel distribution and
procurement solutions. Triton provides the electronic distribution
of travel inventory from airlines, car rental companies, hotels,
tour and cruise operators, and other travel vendors to travel
agencies and their clients on a global basis. Triton's proprietary
products and services fill crucial needs in the travel industry,
and offer product, pricing, and marketing advantages. Triton has
developed a broad-based suite of products, including ReservationExpert™, TritonTwist™ and Red Dragon
Express™ -- the world's first distribution gateway to the
Chinese market.
FORWARD-LOOKING STATEMENTS This news
release includes forward-looking statements that are made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. 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. Whereas management
believes such representations to be true and accurate based on
information and data available to the company at this time, actual
results may differ materially from those described. The company's
operations and business prospects are always subject to risk and
uncertainties. Important factors that may cause actual results to
differ are set forth in the company's periodic filings with the
U.S. Securities and Exchange Commission.
Contacts Triton Distribution Systems, Inc. Gregory
Lykiardopoulos CEO 415-381-4806
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