Advance Gold Technology ("AGT") Shareholders Overwhelmingly Approve Sale to Triton Distribution Systems, Inc. ("Triton")
December 20 2010 - 8:00AM
Marketwired
Triton's (PINKSHEETS: TTDZD) (PINKSHEETS: TTDZ) management
announced today that AGT and its Russian sister company
shareholders overwhelmingly approved last Friday December 17, 2010
by a majority vote the sale of 51% control of Advance Gold
Technology ("AGT") of Delaware to Triton Distribution Systems, Inc.
("Triton") of California. 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. Final agreements are expected be
executed by January 15, 2011.
About Advance Gold Technology ("AGT"):
http://www.agtusacorp.com. AGT was
recently formed in the United States. Together with its Russian
sister company AGT has active operations in 14 countries around the
Globe, in Europe, Africa and Asia. Future plans include exploration
and operations in Alaska, Utah, Nevada and California. Due to its
Eco Friendly Technology that is extracting minerals without using
chemicals, is a fast growing company that is attracting many
interested clients around the World.
AGT has assembled a management team and highly qualified
personnel that include scientists, metallurgists, engineers,
designers-engineers, and administrators. AGT and its Russian sister
company have invested over $25 Million in equipment, warehouses,
laboratory facilities, dump trucks, bulldozers, drilling equipment,
dredging equipment, power stations, snow and swamp vehicles,
conveyor belts and other manufacturing equipment.
AGT will operate autonomously from Triton. All operating
decisions will be made by its highly qualified management team.
AGT's future business plan includes the likelihood of going public
independently in the United States.
Universal Holdings of Beijing, China will provide the necessary
capital for the acquisition of AGT plus provide long term loans for
each specific project that will allow Universal to recoup its
investments plus purchase minerals at very favorable market
prices.
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. Triton is the architect of
developing the plan to acquire control of AGT, provide technology
globally and relationships in the United States, China and South
East Asia for business development and financing.
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. Gregory
Lykiardopoulos CEO 415-381-4806
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