-------------------- Penny stocks are often very volatile, and just as often unpredictable. - Peter Leeds Posts: 254 | From: lawn guy land, new york | Registered: Feb 2006
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-------------------- Penny stocks are often very volatile, and just as often unpredictable. - Peter Leeds Posts: 254 | From: lawn guy land, new york | Registered: Feb 2006
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posted
Matto you in this one too??? Dude you've got serious skillz finding the stocks that go BANK!
Did you hear that dude on SubPennyRadio talking about the chart and how GRXI still holding up strong hasn't filled the gap and its the next PTSH?? And did you hear him tell us about NAWL?? Hope you got some shares of that one too!!
Here's to SubPenny and making 2006 super green!!
Posts: 22 | Registered: Nov 2005
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posted
GTREX Capital Enters into Escrow Agreement to Acquire Travel Businesses 2/16/06
ALISO VIEJO, Calif., Feb 16, 2006 (BUSINESS WIRE) -- GTREX Capital, Inc. (OTCBB:GRXI) today announced that it has entered into an escrow agreement to acquire all of the outstanding shares of Global Travel Partners, a Nevada corporation that owns 100% of AsiaWorld Travel Vancouver, Ltd., and Dominion Pacific Travel, two British Columbia-based travel companies. GTREX Capital expects to close the acquisition by the end of February 2006.
For fiscal year 2005, Dominion Pacific Travel posted over 4.2 million in total revenues, and AsiaWorld Travel exceeded 2.1 million in total revenues.
Under terms of its Letter of Agreement, GTREX Capital is acquiring these two companies for stock and long-term notes. AsiaWorld Travel is one of the largest hotel room wholesalers in the Vancouver region, and Dominion Pacific Travel is one of Vancouver's largest ticketing wholesalers for EVA Air (40 destinations on four continents, including Asia, Australia, New Zealand, Europe and North America) and China Airlines (59 destinations in 23 countries around the world).
The investments in these travel businesses, who are expected to become customers for GTREX Capital's wholly owned portfolio company, Global Travel Exchange, a leading provider of direct access travel distribution technology, will have the dual purpose of providing immediate revenues and portfolio value for GTREX Capital, as well as building the supplier and customer base for Global Travel Exchange.
"The escrow agreement is an important step in the acquisition of AsiaWorld Travel and Dominion Pacific Travel, and we look forward to the close of the acquisitions and the implementation of Global Travel Exchange's travel distribution solution for these businesses," said Christopher Berlandier, chairman and chief executive officer of GTREX Capital.
"We also expect to enter into additional agreements to acquire another round of travel-related businesses in the near term that will further diversify the interests of GTREX Capital and increase the revenues generated by its portfolio companies. These are important steps in developing GTREX Capital as an investment fund that returns value to its investors, and we look forward to achieving this goal for the benefit of our shareholders," added Mr. Berlandier.
To sign up to receive information by email directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings or other information is disclosed, please visit http://www.gtrexcapital.com/investor.asp.
About GTREX Capital, Inc.
GTREX Capital, Inc. (http://www.gtrexcapital.com) is a Business Development Company pursuant to the Investment Company Act of 1940 whose core focus is to assemble an investment portfolio of investments into businesses related to the travel industry.
Its initial portfolio investment, Global Travel Exchange, Inc., has launched its Voyager Network travel distribution platform, which provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. Through the Voyager Network searches for the availability and price for the itinerary suggested by the buyer over all direct connected suppliers and existing Global Distribution Systems (GDS), Global Travel Exchange presents the results in an easy to understand format. Besides improved brand and revenue management, suppliers save distribution costs while providing efficient service to major customers through a direct connection. Global Travel Exchange is positioned to market its services through travel distribution partners, contributing to the expansion of the Company's marketing channels and expedite revenue growth.
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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-------------------- Penny stocks are often very volatile, and just as often unpredictable. - Peter Leeds Posts: 254 | From: lawn guy land, new york | Registered: Feb 2006
| IP: Logged |
posted
yea im still in this one.. took a deep loss but unlike other people im NOT blaming matto, its my fault and my fault only!
-------------------- Penny stocks are often very volatile, and just as often unpredictable. - Peter Leeds Posts: 254 | From: lawn guy land, new york | Registered: Feb 2006
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