GTREX Capital Announces Partnership with XpressDebit Payment Systems for Global Financial Exchange Debit Card Program
ALISO VIEJO, Calif.--(MARKET WIRE)--Apr. 04, 2006--GTREX Capital, Inc. (OTCBB: GRXI) today announced that portfolio company Global Financial Exchange is partnering with XpressDebit Payment Systems to deliver membership, payroll, and commission prepaid debit cards. XpressDebit Payment Systems will handle a broad range of services related to the management of a debit and cheque card program.
XpressDebit Payment Systems is a fully integrated provider of prepaid debit cards used for payroll, personal spending and remittance applications. XpressDebit delivers a set of world-class capabilities to enable the cardholder to transact business at the retail point of sale, ATMs, over the Internet, or wherever they are in the world. The strength of XpressDebit is its ability to deliver custom tailored prepaid card solutions designed to meet the absolute needs of the targeted cardholder by the marketer. It brings together the best combination of transaction processing, the issuing bank, the plastic card manufacturing, card fulfillment and customer service to provide its customers with the best in stored value products.
“XpressDebit Payment Systems is an important partner in Global Financial Exchange’s debit card program, and we are pleased to utilize their extensive industry experience as the program is launched into our markets,” stated Christopher Berlandier, chairman and chief executive officer
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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. (www.gtrex.com), 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. A second portfolio company, Global Financial Exchange, was formed to manage and oversee the expansion of Global Travel Exchange’s growing debit and cheque card business, which allow customers to pay for travel or any other products and services wherever the cards are accepted around the world and obtain money from automated teller machines. The cards also allow customers access to unique and affordable travel packages and inventory across the globe, as well as providing savings for users who order additional branded cards, including as a membership card with loyalty features such as discounts on travel products. GTREX Capital has signed initial agreements to acquire two travel businesses with 2005 fiscal year revenues of over $6 million.
Safe Harbor Statement This release contains forward-looking statements with respect to the results of operations and business of GTREX Capital, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Contact:
Gemini Financial Communications A. Beyer 951-587-8072 investors*gtrexcapital.com
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