Triton Has Received a Third Party Offer
January 16 2014 - 8:00AM
Marketwired
Triton Has Received a Third Party Offer
TIBURON, CA--(Marketwired - Jan 16, 2014) - Triton Distribution
Systems, Inc. (OTC Pink: TTDZ) announced today that it has received
a Letter of Intent from a third party that wishes to purchase for
an undisclosed amount, selected assets of the company, which
include all controlling shares for Triton Distribution Systems
currently being held by Mr. Gregory Lykiardopoulos, the company's
CEO. At closing, all of the Company's liabilities and assets will
be held by a newly formed company that will be owned by Privileged
World Travel Club, Inc., which is a subsidiary of Triton
Distribution Systems, Inc.
Currently, both parties are working on meeting all conditions
and requirements to complete the closing of this transaction.
Simultaneously, Triton would like to inform its shareholders and
the public that it is in the process of bringing the company status
back to "Current." As indicated above as of the date of the Closing
(the "Closing Date"), Triton shall have sold, assigned, or
otherwise disbursed its assets, and all of its liabilities to a
newly formed company that will be owned by Privileged World Travel
Club, Inc.
Additional information and updates will be made public in the
near future.
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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