Triton Distribution Systems Finalizes the Acquisition of a Public Company
July 19 2012 - 9:00AM
Marketwired
Triton Distribution Systems, Inc. (PINKSHEETS: TTDZ) announced
today that on July 18, 2012, Mr. Gregory Lykiardopoulos, Chairman
and CEO of Triton Distribution Systems, Inc., entered into a share
purchase agreement with APEX 4, Inc., a publicly reporting company,
for the purchase of 10,000,000 shares of common stock of APEX 4,
constituting 100% of the outstanding shares of APEX 4, from its
sole shareholder.
Mr Lykiardopoulos had previously been appointed as a director of
APEX 4. Following the purchase of the shares, Richard Chiang, the
other director and sole officer of APEX 4, resigned from all
positions with the Company.
Mr. Lykiardopoulos intends to transfer the 10,000,000 shares to
Triton, which will make Triton the sole shareholder of APEX 4.
Mr. Lykiardopoulos also announced that he intends to change the
name of APEX 4 to reflect the new business of the public company.
Following this purchase APEX 4 will change its name to "Privileged
World Travel Club."
Effective immediately Triton owns 100% of APEX 4 that will now
be named "Privileged World Travel Club." Triton is also licensing
its proprietary Travel Reservation System's technology:
"Reservation Expert System™" (RES), to APEX 4/Privileged for an
initial annual royalty of $2 Million. The license agreement is 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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