Triton's Progress of All Plans and Business Activities to Date
April 15 2011 - 8:00AM
Marketwired
Triton's (PINKSHEETS: TTDZ) Management wishes to update all
shareholders of the Company progress for its plans and business
activities to date as well as highlight the significant progress we
have made over the past eight months. While Triton has received
several calls regarding validation or clarification of its previous
announcements, the company's management will not deviate from the
information provided and will stay within company's guidelines in
providing accurate and truthful public news to its shareholders.
Management efforts and energy is 100% directed towards making
the company successful and profitable. While it is the management's
policy not to comment on the company share fluctuation or price, we
at Triton feel confident that the fundamentals will take hold and
effectively increase in due course.
Shareholders should always do their own due diligence and Triton
is committed to providing accurate and detailed information for
shareholder perusal.
We are extremely happy to provide below a list of the progress
we have made:
List of Company Progress to date:
1. Triton reduced its debt by US $ 8.3 Million Dollars.
2. Triton Restructured its capitalization from 44,007,866,636
shares to 220,010,817 shares including the Retirement of
34,892,672,451 shares belonging to the Company's CEO at no cost to
the Company.
3. The share price increased from $ 0.0001 to $ 0.0045.
4. Triton Reduced its authorized shares from 50,018,000,100
shares to 1,000,000,000 shares.
5. Due to the legal ramifications involved in the AGT deal,
Triton cannot comment any further on the AGT deal.
6. Triton files Year-end Financial Reports and announces that
the Company is now current.
7. Triton announced a stock repurchase program and purchased an
undisclosed amount of shares on the open market at market
prices.
8. Triton CEO does Live Interview on ChartPoppers.com.
9. Triton secured the takeover of gold mine assets operation in
Nevada, USA.
10. Triton announces the signing of a definitive and binding
Joint Venture and Strategic. Alliance agreement with GEO, Inc. of
Nevada.
11. Triton established a relationship with an accounting firm to
audit the Company's financials from 2008 to date. Auditing is in
progress.
12. Triton is working closely with the securities attorneys to
complete the upgrade of the Company on the OTC Bulletin Board. When
the financials are ready the filing will be submitted to the
responsible Authorities.
13. The new identity and branding is ready. Once the Company is
approved for the upgrade on the OTC Bulletin Board it will be
introduced accordingly.
14. All documents concerning the Joint Venture and the
establishing of Green Earth Partners, LLC have been signed and all
claims have been registered.
15. Triton acquires an additional mine in Nevada, USA.
16. Universal Holdings agrees to invest US $ 3 Million in the
Joint Venture in return for equity.
17. Triton and Green Earth Partners commissioned a new Technical
Report on their Nevada properties.
18. Triton is still on the lookout for an Investor Relations and
Public Relations company.
19. Triton is preparing Green Earth Partners to go public.
20. Triton will release the latest testing, geophysical and
assay results for all the Nevada properties together with the
engineering report next week. The initial indications of the
testing are excellent.
21. Triton and Green Earth Partners are working on a detailed
Business and Operational plan to start the mining operations very
soon.
It is expected that simultaneously when the test results and the
engineering report are released Triton will receive from Universal
Holdings their investment funds of US $ 3 Million. The Company will
announce the deposit of the funds immediately upon receiving them
and this funding will begin our mining operations.
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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