Triton Management Wishes to Clear up Incident of January 31st, 2014 Regarding Filing of Attorney Opinion Letter
February 03 2014 - 08:15AM
Marketwired
Triton Management Wishes to Clear up Incident of January 31st, 2014
Regarding Filing of Attorney Opinion Letter
TIBURON, CA--(Marketwired - Feb 3, 2014) - Triton Distribution
Systems, Inc. (OTC Pink: TTDZ), wishes to clarify an unforeseen and
dishonest episode. The story unfolded as follows: On January 30th
the company contacted OTC to inquire if this specific law firm is
still contracted with OTC and is in good standing, since the name
of the law firm and its phone number is still listed on the OTC
vendors list. It is important to note that the company had 4 years
earlier business dealings with this specific law firm that supplied
the company with other opinion letters for other matters. Therefore
it had an agreement previously with OTC. When the Company received
a positive confirmation from OTC, then and only then it contacted
the law firm. We placed the order for the Attorney Opinion Letter
with someone acting as an associate to the law firm. Later on we
received the Opinion Letter after we paid the required fee, and
uploaded it to the OTC site. At this point no suspicions or doubts
subjected anyone at the company.
The following very early morning we received information that
the attorney that signed the original opinion letter was deceased.
To date we are not qualified to express an opinion regarding the
attorney or the law firm. But we are qualified to protect the
shareholders, the company and its officers. Immediately after we
heard the news we contacted OTC and asked for their opinion what
procedures to follow. Finally we decided to remove the Opinion
letter from the OTC site and started our own investigation.
We would like to inform our shareholders that after several
attempts to communicate with OTC, we received an answer that if the
company wishes, can replace the defective opinion letter with a
legitimate one from a different attorney.
Also management spent extensive time on a telephone conference
call with a FINRA representative who asked number of questions and
made many detailed notes. Additionally the company received a
letter from FINRA with additional inquiries that the company
answered efficiently and forwarded to FINRA.
We would like to assure our shareholders that no mischievous or
malicious activities were instigated by the company and its
officers. It is clear that the company is a victim of malfeasance
by some dishonest and deceitful individuals. At no time ever the
company and its officers contemplated to defraud and deceive its
shareholders or Green Cures Inc. In fact the evidence is proving
that the company and its officers are trying to increase the
shareholders' value by updating the company filings bringing it
back to current status and completing the execution of the takeover
as soon as possible.
Please be advised that the company will be posting a new
attorney opinion letter shortly and has re-scheduled the closing of
the takeover by Wednesday, February the 5th 2014. We apologize for
the inconvenience and the unnecessary delay to close the final
transaction.
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
www.tritonds.com
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