Triton Reached Agreement for Takeover
January 23 2014 - 08:00AM
Marketwired
Triton Reached Agreement for Takeover
TIBURON, CA--(Marketwired - Jan 23, 2014) - Triton Distribution
Systems, Inc. (OTC Pink: TTDZ), announced today that it has reached
an agreement with a group of investors from Los Angeles, California
headed by Mr. David Osegueda, a previously successful business man.
The group is forming a new California Company that will assume the
submitted letter of intent to Triton, and the commitment to
purchase the Triton shell.
Mr. Osegueda and his investors group, will invest an initial
$65,000 in Triton in return for the following:
a) The Triton Shell. b) 450,000,000 shares of Triton.
c) 4,062,500 Shares of Privileged World Travel Club, Inc.
(PVCL), priced at $1 a share, and disbursed to all the Triton
shareholders as a dividend.
Triton shall file the 3rd quarter 2013 (Ending September 30,
2013) financial reports next week, reflecting all the details of
the takeover agreement by Mr. Osegueda and his investors group and
bring Triton current on the OTC Markets website.
Additionally Triton will allocate in reserve 740,000,000 shares
priced at $0.00405 per share for an additional investment of $3
Million that will be invested in Triton, by an offshore investor
for Operating Capital.
It is mutually agreed by Mr. Osegueda and his investors group
and the management of Triton that the final, Closing Date of the
takeover by the new California Company will be at the end of
January 2014.
Meanwhile Gregory Lykiardopoulos Chairman and CEO of Triton
shall surrender the following at the closing:
a) One (1) share of restricted Series A Preferred;
b) One Million (1,000,000) shares of restricted Series B
Preferred Stock of Triton; c) Eight Million (8,000,000) shares
of restricted Series F Preferred Stock of Triton; and d) Three
Hundred Five Million (305,000,000) shares of restricted Common
Stock of Triton.
Also at the Closing Date, Triton shall have sold, assigned, or
otherwise disbursed its assets, and all of its liabilities to a
different newly formed company that will be owned by Privileged
World Travel Club, Inc.
Further information and updates will be made public in the very
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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