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Triton Distribution Systems Announcing Debt to Equity Conversion

Dépèche transmise le 30 octobre 2009 par Business Wire

Triton Distribution Systems Announcing Debt to Equity Conversion

TIBURON, Calif.--(BUSINESS WIRE)--Triton (Pink Sheets:TTDZ), Announced today the starting of the debt to equity conversion that will raise $ 8 Million US Dollars over a period of six months.

This financing will allow the company to continue its operations and implement all the preplanned acquisitions in Europe and Mainland China during the fiscal year 2010.

“Converting the existing debt to equity will help us attract additional investments to execute our business plan and to finalize the acquisitions of other foreign companies that were planned a year ago. It is, in no uncertain terms, a wonderful opportunity for us,” said Gregory Lykiardopoulos, Chairman and CEO of Triton.

About Triton Distribution Systems

Triton Distribution Systems is a pioneer in low-cost, business-to-business, Internet-based travel distribution and procurement solutions. Triton provides the electronic distribution of travel inventory from airlines, car rental companies, hotels, tour and cruise operators, and other travel vendors to travel agencies and their clients on a global basis. Triton's proprietary products and services fill crucial needs in the travel industry, and offer product, pricing, and marketing advantages. Triton has developed a broad-based suite of products, including ReservationExpert™, TritonTwist™ and Red Dragon Express™ -- the world’s first distribution gateway to the Chinese market.

FORWARD-LOOKING STATEMENTS This news release includes forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.