GTREX Capital verlässt den Subpennybereich!
greetings, Tikos
GRXI - Strong Buy
Ich werde immer nachkaufen
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Wertpapier: GTREX CAP INC |
Press Release
GTREX Capital Announces Development of New Website In Preparation for Anticipated Acquisition of International Green Brand for Tourism and Related Businesses
Issued Thursday January 31, 10:07 am ET
MURRIETA, Calif.--(MARKET WIRE)--Jan. 31, 2008--GTREX Capital, Inc. (OTC BB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today announced that in preparation for its expected acquisition of an international green brand for sustainable tourism, the company is developing a new corporate website that will provide links to the post acquisition subsidiaries, affiliates and joint venture relationships.
The new site will also prominently feature news related specifically to the company and to the sustainable travel and tourism industry, including links to TravelMole, the most highly acclaimed and largest global online community for the travel and tourism industry with over 450,000 registered travel and tourism professionals worldwide with which the company has entered into a strategic alliance. Acquisition of the green brand will officially launch the website and comprehensive efforts to increase worldwide awareness of its subsidiary operations. With TravelMole, the company may develop a number of specialized media related to the acquisition, including newsletter and video content that will highlight its international reach, intellectual property and operating affiliates.
In order to continue communicating effectively with its shareholders and the public markets, management will maintain the company’s email alert system on the GTREX Capital website (http://www.gtrexcapital.com/investor.php) and transfer all of the contacts to the new site so shareholders can continue to receive information on the acquisition.
GTREX Capital expects to close on the acquisition of 80% of the issued and outstanding shares of the green brand shortly and is currently completing the necessary due diligence to close the acquisition, which includes work with international legal counsel and a variety of overseas businesses. Management plans to announce the details of the acquisition, including the name of the acquired company, as soon as the necessary due diligence is complete.
“We expect to identify and close the acquisition of the targeted international green brand for sustainable tourism very shortly, and we encourage anyone who wants to follow the story of the acquisition and the resulting company to subscribe to receive the email alerts on the GTREX Capital website,” stated Steven R. Peacock, interim president/chief executive officer. “The scope and international nature of the anticipated acquisition has extended the due diligence process to some extent, but we still expect to close on the 80% very soon. When we do close, we will already have in place a new website to provide information and help our shareholders understand all of the businesses and affiliates that operate under the brand.”
In December 2007, GTREX Capital entered into an initial agreement outlining the acquisition that called for the acquisition of a majority interest in the targeted company, which has an existing subsidiary business with operations, existing clients and revenues. The planned structure of the post-acquisition entity is that the public company will house a high profile international green brand, which is expected to become synonymous with green sustainable tourism. There will be two operating subsidiaries of the public company: the existing subsidiary of the acquired company, and GTREX Capital’s current operating subsidiary, Global Travel Exchange, a travel distribution technology company that provides a more efficient and cost-effective connection between customers and travel suppliers.
To subscribe to the company’s email alert system and receive information directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.gtrexcapital.com/investor.php.
About GTREX Capital, Inc.
GTREX Capital, Inc. (http://www.gtrexcapital.com) is a holding company with a subsidiary conducting business in the travel industry. Global Travel Exchange, Inc., a GTREX Capital subsidiary, 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. GTREX Capital is in the process of identifying synergistic and non-synergistic businesses as potential acquisition targets for the company.
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, Inc.
A. Beyer
951-677-8073
investors@gtrexcapital.com
Press Release
GTREX Capital Announces Distribution of Definitive Agreement for Acquisition of International Green Brand for Tourism and Related Businesses
Issued Monday February 4, 8:57 am ET
Execution of Definitive Agreement Expected by End of Week
MURRIETA, Calif.--(MARKET WIRE)--Feb. 4, 2008--GTREX Capital, Inc. (OTC BB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today announced that the definitive agreement for the acquisition of 80% of an international green brand for sustainable tourism has been sent out to all parties so the agreement can be executed by the end of this week. Each of the parties is also reviewing and finalizing the due diligence materials necessary for the close of the transaction.
With the execution of the definitive agreement, GTREX Capital expects to identify the targeted green brand for sustainable tourism and close the transaction shortly thereafter.
In December 2007, GTREX Capital entered into an initial agreement outlining the acquisition that called for the acquisition of a majority interest in the targeted company, which has an existing subsidiary business with operations, existing clients and revenues. The planned structure of the post-acquisition entity is that the public company will house a high profile international green brand, which is expected to become synonymous with green sustainable tourism. There will be two operating subsidiaries of the public company: the existing subsidiary of the acquired company, and GTREX Capital’s current operating subsidiary, Global Travel Exchange, a travel distribution technology company that provides a more efficient and cost-effective connection between customers and travel suppliers.
“We are pleased to have distributed the definitive agreement to all of the parties involved in the acquisition, and we look forward to receiving all of the necessary signatures this week,” commented Steven R. Peacock, interim president/chief executive officer. “The exchange of final due diligence will allow the acquisition to close as soon as possible, and we are already focused on increasing awareness of the international green brand in the U.S. public markets and highlighting the tremendous global opportunities we see as a result of this transaction.”
In anticipation of the close of the acquisition, the company is developing a new corporate website that will provide links to the post acquisition subsidiaries, affiliates and joint venture relationships. In order to communicate effectively with its shareholders and the public markets, management will maintain the company’s email alert system on the GTREX Capital website (http://www.gtrexcapital.com/investor.php) and transfer all of the contacts to the new site so shareholders can continue to receive information on the acquisition. GTREX Capital encourages anyone who wants to follow the story of the acquisition and the resulting company to subscribe to receive the email alerts.
To subscribe to the company’s email alert system and receive information directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.gtrexcapital.com/investor.php.
About GTREX Capital, Inc.
GTREX Capital, Inc. (http://www.gtrexcapital.com) is a holding company with a subsidiary conducting business in the travel industry. Global Travel Exchange, Inc., a GTREX Capital subsidiary, 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. GTREX Capital is in the process of identifying synergistic and non-synergistic businesses as potential acquisition targets for the company.
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, Inc.
A. Beyer
951-677-8073
investors@gtrexcapital.com
Last week, this week, next week?
What's up?
greetings
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Press Release
GTREX Capital Announces Resignation of Directors in Preparation for Acquisition of International Brand for Travel, Tourism and Related Businesses
Issued Wednesday February 20, 9:52 am ET
Close of Acquisition Expected by the End of the Week
MURRIETA, Calif.--(MARKET WIRE)--Feb. 20, 2008--GTREX Capital, Inc. (OTC BB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today announced that in preparation for the close of the acquisition of an international green brand for sustainable tourism and related businesses, two members of the GTREX Capital Board of Directors have submitted their resignations, effective February 19, 2008.
Directors James Bickel and Robert McCoy submitted their resignations and will be replaced by new Board members who are affiliated with the green brand that is being acquired by GTREX Capital. Mr. Bickel and Mr. McCoy are expected to continue to be involved with the company in some capacity.
Mr. Bickel was appointed to the GTREX Capital Board in January 2005, and Mr. McCoy was appointed to the Board in October 2005.
“We would like to thank Mr. Bickel and Mr. McCoy for their exemplary service to the Board over the last several years, and we look forward to their ongoing involvement with the post acquisition company,” stated Steven R. Peacock, interim president/chief executive officer. “These resignations pave the way for the appointment of the new Board members who have been involved with the international green brand that GTREX Capital is acquiring. The new Board members have considerable profile in the international sustainable travel and tourism space, and we are extremely pleased to be setting the events in motion that will lead to the close of the acquisition by the end of the week.”
In December 2007, GTREX Capital entered into an initial agreement outlining the acquisition that called for the acquisition of a majority interest in the targeted company, which owns the green brand and holds an interest in an existing joint venture with operations, existing clients and revenues. The planned structure of the post-acquisition entity is that the public company will house the green brand, which is expected to become synonymous with green sustainable tourism worldwide. There will be operating subsidiaries of the public company, including GTREX Capital’s current operating subsidiary, Global Travel Exchange, a travel distribution technology company that provides a more efficient and cost-effective connection between customers and travel suppliers.
In anticipation of the close of the acquisition, the company is developing a new corporate website that will provide links to the post acquisition subsidiaries, affiliates and joint venture relationships. In order to communicate effectively with its shareholders and the public markets, management will maintain the company’s email alert system on the GTREX Capital website (http://www.gtrexcapital.com/investor.php) and transfer all of the contacts to the new site so shareholders can continue to receive information on the acquisition. GTREX Capital encourages anyone who wants to follow the story of the acquisition and the resulting company to subscribe to receive the email alerts.
About GTREX Capital, Inc.
GTREX Capital, Inc. (http://www.gtrexcapital.com) is a holding company with a subsidiary conducting business in the travel industry. Global Travel Exchange, Inc., a GTREX Capital subsidiary, 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. GTREX Capital is in the process of identifying synergistic and non-synergistic businesses as potential acquisition targets for the company.
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, Inc.
A. Beyer
951-677-8073
investors@gtrexcapital.com
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Jetzt ist die Katze aus dem Sack.
greetings
GTREX Capital has sent the following information at your request. If you do not wish to receive future correspondence from the Company, please respond to this message with "Unsubscribe" in the subject line.
Press Release
GTREX Capital Announces Acquisition of 83% of Green Globe, Limited, Owner of the Premier International Brand for Travel, Tourism and Related Businesses
Issued Thursday February 21, 10:13 am ET
The Green Globe Brand, Launched in 1994, is Targeted for Expansion Into New Markets and Industry Segments
MURRIETA, Calif.--(MARKET WIRE)--Feb. 21, 2008--GTREX Capital, Inc. (OTC BB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today announced that it has closed its acquisition of 83% of Green Globe, Ltd., a British company that owns the Green Globe brand, the premier international brand for travel, tourism and related businesses. GTREX Capital closed its acquisition of a majority of the shares of Green Globe, Ltd. (UK), a privately held company, through a securities purchase and share exchange agreement with two principal shareholders and one minority shareholder, whose combined ownership represents 83% of the total outstanding capital stock of Green Globe, Ltd. (UK).
GTREX Capital expects to purchase the remaining 17% of Green Globe, Ltd. (UK), which would be positioned as a wholly owned subsidiary of GTREX Capital, Inc.
With the acquisition of majority ownership of Green Globe, Ltd. (UK), the focus of GTREX Capital, Inc. will become the promotion and protection of the Green Globe brand and to expand its use by businesses, communities and other entities.
The World Travel and Tourism Council (WTTC) established Green Globe in 1992 as a response to the United Nations Rio de Janeiro Earth Summit, where 182 Heads of State endorsed the Agenda 21 principles of Sustainable Development. After two years of additional development, the Green Globe program was established as a commercial enterprise.
The Green Globe brand has historically been associated with sustainable travel and tourism. Under a membership program launched in the 1990s, Green Globe was associated with upwards of 500 hotels, resorts, tourist and travel associations, and similar organizations in nearly 100 countries on six continents. The Green Globe logo is currently marketed by organizations that have entered into joint ventures and/or licensing agreements with Green Globe, Ltd. (UK) to use the Green Globe brand for hotels, resorts and other tourism destinations that meet certain specific benchmarks for sustainability.
Under the ownership of GTREX Capital, Green Globe is expected to expand the reach of the Green Globe brand beyond its current affiliated organizations to additional applications in the travel and tourism market, as well as new potential applications for the Green Globe brand. With Green Globe as its focus, GTREX Capital has positioned its Global Travel Exchange subsidiary to utilize its travel distribution technology in new business opportunities related to the Green Globe initiative. It will place a major focus on solutions that help countries, communities, companies and consumers respond to climate change.
“The acquisition of majority ownership of Green Globe, Ltd. and ownership of the Green Globe brand has major significance for GTREX Capital and will represent a significant change in focus for the company,” stated Steven R. Peacock, interim president/chief executive officer. “Given the scope of this acquisition, it will be impossible to discuss every facet of the business and its expected operations at this juncture. There will be a number of regional and global initiatives related to the Green Globe brand, some associated with the current applications for the brand and others that will be launched as new programs. We can say however that the response to climate change will be an important and exciting new business opportunity.”
“For those who have been long-term shareholders and strongly believe in the viability of the Global Travel Exchange travel distribution technology, we are pleased to report that it will play a significant role in a major division of the company. The role of Global Travel Exchange, the status of current Green Globe affiliates and joint venture relationships, and the new planned applications for the Green Globe brand will be addressed in detail over the next several weeks as new agreements are executed and the company’s business strategy is implemented. We expect to conduct a very active communications schedule that will be an absolute necessity so that our shareholders and the broader public markets, to say nothing of the worldwide Green Globe audience, can gain a better understanding of our business strategy.
“As part of our discussion of Green Globe and ownership of the brand, we will be launching a new corporate website that will provide links to the company’s subsidiaries, including Green Globe, Ltd. and its joint ventures, affiliates, consultants and other related entities. We believe that this will help us to properly articulate the story of Green Globe and GTREX Capital to a broad audience. We will continue to urge shareholders and others interested in following our story to subscribe to receive the email alerts at http://www.gtrexcapital.com/investor.php.
“This is just the beginning for GTREX Capital and its association with Green Globe, and we are excited to become the stewards of a quality brand such as Green Globe. We look forward to expanding the application of its basic tenets of environmental responsibility and building commercial applications that are highly successful in the global marketplace,” Mr. Peacock added.
About GTREX Capital, Inc.
GTREX Capital, Inc. (http://www.gtrexcapital.com) is a holding company with subsidiaries conducting business in the travel industry. Global Travel Exchange, Inc., a GTREX Capital subsidiary, 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. GTREX Capital has just closed the acquisition of majority ownership of Green Globe, Ltd., a British company that owns the Green Globe brand, the premier international brand for travel, tourism and related businesses. With the acquisition of Green Globe, Ltd. (UK), the focus of the company will be the promotion and protection of the Green Globe brand and to expand its use by businesses, communities and other entities.
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, Inc.
A. Beyer
951-677-8073
investors@gtrexcapital.com
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...je länger/mehr ich drüber nachdenk, desto breiter wird mein grinsen!
Ich denk - hier kracht es nächste Woche gewaltig (für alle: ich rede von USA!)
ax
Green Globe websites:
Where in the world is Green Globe?
Green Globe has an international network of partners to assist in the delivery, development and promotion of the Green Globe programme around the world.
China: www.greenglobe21.cn
New Zealand: www.greenglobenz.com
Caribbean: www.cha-cast.com/GGproperties.html
Iceland: www.holar.is/greenglobe21
Japan: www.greenglobejapan.com
South America: www.greenglobe21.cl
France: www.francoistourismeconsultants.com
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http://money.cnn.com/galleries/2007/fortune/0703/...ts.fortune/2.html
Fortune Magazine:
Continental Airlines
Location: Houston
Year founded: 1934
Revenue: $13.1 Billion
Employees: 44,000
Worked with Boeing to engineer more fuel-efficient aircraft.
AMID RISING concern about aviation pollution, British Airways introduced a "CO2 emission calculator" on its website, letting passengers pay to offset the carbon dioxide generated by their flights. Lufthansa recently equipped an Airbus A340 with a 1.5-ton mobile laboratory to track gases and compounds. But it is American airline Continental that's gone furthest to green operations. Besides spending more than $16 billion over the past ten years to replace its fleet with more efficient aircraft, it installed fuel-saving winglets that reduce emissions by up to 5% on most of its Boeing 737s and 757s, and reduced the nitrogen oxide output from ground equipment at its Houston hub by over 75% since 2000. Its 13 full-time staff environmentalists work with engine manufacturers, design green terminals, and track carbon emissions and chemical recycling daily. Even all the trash from company headquarters is later sorted for recyclables. --Barney Gimbel
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GTREX Capital has sent the following information at your request. If you do not wish to receive future correspondence from the Company, please respond to this message with "Unsubscribe" in the subject line.
Press Release
GTREX Capital Announces Consulting Agreement and Acquisition of Intellectual Property Rights from Sustainable Tourism Development International
Issued Wednesday February 27, 9:25 am ET
GTREX Capital Acquires Rights to Green Products Related to Sustainable Tourism and Climate Sensitive Green Standards
MURRIETA, Calif.--(MARKET WIRE)--Feb. 27, 2008--GTREX Capital, Inc. (OTC BB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today announced that the company has entered into a three-year consulting agreement with Sustainable Tourism Development International Pty Ltd. (STDI), an Australian company that has designed and developed sustainability portal technologies services related to travel and tourism, as well as the means of undertaking carbon measurement for travelers, firms and destinations and developing climate sensitive policies, strategies and actions for companies and destinations.
A recently filed Form 8-K reported that GTREX Capital has purchased a total of 85% Green Globe, Ltd. (U.K.) through a securities purchase and share exchange agreement with two principal shareholders and one minority shareholder. GTREX Capital expects to purchase the remaining 15% of Green Globe, Ltd. (UK), which would be positioned as a wholly owned subsidiary of GTREX Capital, Inc.
The sustainability portal technologies purchased from STDI are expected to be utilized by GTREX Capital’s Global Travel Exchange subsidiary to apply to its travel distribution technology in new business opportunities related to the Green Globe initiative. Since a significant focus of Green Globe’s program will be oriented toward solutions that help countries, communities, companies and consumers respond to climate change, the purchase of intellectual property rights are directly tied to the start up of a new Global Travel Exchange initiative that will utilize certain of these intellectual properties.
STDI, with its expertise in sustainability and climate science, is considered by GTREX Capital a highly valuable resource for consulting regarding marketing and promoting newly developed products and technologies to countless tourism stakeholders around the world, and for discovering new business opportunities, which contribute to the mission and goals of GTREX and its Green Globe, Ltd. subsidiary.
Over the last 15 years, this green movement has spread around the entire world and has become known as sustainable development. During this period, the concept of “triple bottom line” sustainable development has emerged – covering environment, economic and social elements. However, during the past 2 years, the entire field has shifted to add a fourth element – climate change. This thinking has become a mainstream component of government policy and regulation at a global, national and local level. It has also become the core component of corporate social responsibility.
A key element in this new global approach is the role of the United Nations World Tourism Organization (UNWTO) and its climate, environment, ethics and poverty frameworks. Green Globe’s programs, utilizing many of the intellectual properties acquired from STDI, as well as its consulting services, will reflect these approaches.
“We are very pleased to announce our consulting agreement with STDI, headed by our new Board member, Dr. Terry De Lacy,” said Steven R. Peacock, interim president/chief executive officer of GTREX Capital. “Professor De Lacy and the team at STDI have considerable experience with products developed in the public sector and introduced into commercial applications, and we look forward to introducing the entire team and its services to our shareholders and the U.S. public markets.”
“We intend to develop Green Globe as a world leader in technologies and related products that assist countries, communities, companies and consumers respond proactively to global climate change. STDI technologies are expected to provide many of the intellectual properties that will do just that,” Mr. Peacock added.
Dr. De Lacy coordinated the development of the Green Globe programs, which are being used in over 50 countries to measure and encourage the sustainability performance of tourism businesses and destinations.
To subscribe to the company’s email alert system and receive information directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.gtrexcapital.com/investor.php.
About GTREX Capital, Inc.
GTREX Capital, Inc. (http://www.gtrexcapital.com) is a holding company with subsidiaries conducting business in the travel industry. Global Travel Exchange, Inc., a GTREX Capital subsidiary, 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. GTREX Capital has just closed the acquisition of majority ownership of Green Globe, Ltd., a British company that owns the Green Globe brand, the premier international brand for travel, tourism and related businesses. With the acquisition of Green Globe, Ltd. (UK), the focus of the company will be the promotion and protection of the Green Globe brand and to expand its use by businesses, communities and other entities.
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, Inc.
A. Beyer
951-677-8073
investors@gtrexcapital.com
Press Release
GTREX Capital Files Definitive 14C Regarding Name Change to Green Globe International, Inc. and Changes to Capital Stock Structure
Issued Friday February 29, 9:20 am ET
New Name to Reflect New Focus as Owner of Premier Global Brand for Sustainable Travel, Tourism and Related Green Businesses and Restructure Planned to Allow Flexibility for Future Operations
MURRIETA, Calif.--(MARKET WIRE)--Feb. 29, 2008--GTREX Capital, Inc. (OTC BB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today filed a Schedule 14C Information Statement with the Securities and Exchange Commission reporting majority shareholder approval on proposals to change the name of the company to Green Globe International, Inc., to increase the authorized shares of capital stock of the company, and to authorize a reverse split of the company’s common stock at a ratio of up to one-for-two hundred within the next nine months.
Each of these proposals were put forward by the company’s Board of Directors as a result of GTREX Capital’s recent acquisition of 85% of Green Globe, Ltd., a British company that owns the Green Globe brand, the premier international brand for sustainable travel, tourism and related green businesses. The company expects to purchase the remaining 15% of Green Globe, Ltd. (UK), and for ownership of the Green Globe brand to become the focus of its operations. Green Globe International, Inc. will promote and protect the Green Globe brand and expand its use by businesses, communities and other entities in a variety of applications worldwide.
As a result of the acquisition of the Green Globe brand, the company expects to evaluate and potentially execute joint ventures, licensing agreements, partnerships, acquisitions and transactions that will spread the use of the brand and generate revenues for the company. Additional flexibility in the company’s capital stock structure is expected to allow the company to entertain numerous opportunities to execute its global business strategy.
The information statement reported that at a special meeting of shareholders held on February 27, 2008 at the company’s corporate offices in Murrieta, California, principal shareholders, who collectively represented 2,304,574,735 shares, or 51%, of the 4,512,524,305 shares of common stock outstanding on February 22, 2008 were either present at the meeting or voted in absentia. All of the principal shareholders voted in favor of the proposals. Accordingly, no proxies will be solicited regarding the proposals.
The resolutions approved by shareholders at the meeting were: 1) to amend the company's articles of incorporation to change the name of the corporation to Green Globe International, Inc., 2) to amend the company’s articles of incorporation to authorize 10,030,000,000 shares of capital stock of the company, and 3) to amend the company’s articles of incorporation to effect a reverse split of the company’s common stock at a ratio of up to one-for-two hundred during the six month period following the date of the special meeting of shareholders.
The Board expressed its belief that the name change is in the company’s best interests in that it more accurately reflects the intended business operations of the company as owner of the Green Globe brand.
“Green Globe has a long history as a global leader in sustainable tourism and environmentally responsible development, and a major focus of Green Globe International will be to expand the use of the brand and introduce it into new businesses and communities,” stated Steven R. Peacock, interim president/chief executive officer of GTREX Capital. “Green Globe International believes that operating in an environmentally responsible manner is no longer just an option, but it is an absolute necessity as the world faces the challenges presented by global climate change. We believe that this name change is an important aspect of re-branding the public company to reflect this orientation.”
Shareholders will not be required to tender their shares for reissuance; however, shares that are submitted to the transfer agent for whatever reason will be reissued under the new name and CUSIP number. Shareholders should not encounter difficulty in selling or transferring shares as a result of the change in name, CUSIP number or ticker symbol.
The Board believes that the increase in the number of authorized shares and the authorization for a future reverse split are in the company's best interests in that they will allow the company to pursue business opportunities related to the worldwide growth of the Green Globe brand and fully execute the company’s business strategy. It will allow the company to address both the number of issued and outstanding shares as well as the number of authorized shares in a future reverse split scenario.
“We strongly respect the company’s existing shareholder base, but the planned readjustment of the share structure is important for Green Globe International to effectively conduct its ongoing and future business. We believe that a future reverse of the issued and outstanding stock, as well as the authorized stock, will still allow for market liquidity and share appreciation as the company’s operating companies and affiliates service existing Green Globe clients, build the brand, and grow it into new operations both domestically and internationally,” added Mr. Peacock.
To subscribe to the company’s email alert system and receive information directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.gtrexcapital.com/investor.php.
About GTREX Capital, Inc.
GTREX Capital, Inc. (http://www.gtrexcapital.com) is a holding company with subsidiaries conducting business in the travel industry. Global Travel Exchange, Inc., a GTREX Capital subsidiary, 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. GTREX Capital has just closed the acquisition of majority ownership of Green Globe, Ltd., a British company that owns the Green Globe brand, the premier international brand for travel, tourism and related businesses. With the acquisition of Green Globe, Ltd. (UK), the focus of the company will be the promotion and protection of the Green Globe brand and to expand its use by businesses, communities and other entities.
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, Inc.
A. Beyer
951-677-8073
investors@gtrexcapital.com
GTREX Capital Files Definitive 14C Regarding Name Change to Green Globe International, Inc. and Changes to Capital Stock Structure
...and to authorize a reverse split of the company’s common stock...
Ich ärgere mich besonders über die Erhöhung!
Das Reverse-Splitting ist zwar eine logische Sache, da es mit diesem Stand jetzt ja nicht tiefer gehen kann aber auch eine Frechheit.
Die Abstimmung über diese Maßnahme wurde im stillen Kämmerlein getroffen. Auch wenn 51% Sharekapital abgestimmt hat, ist das ja keine Kunst, wenn nur 44% frei gehandelt werden können! Wenn das RS durchgeführt wurde, und eine 1:200 Umrechung erfolgt, so sieht man den Kurs bei 0,02! Von dort gibt es dann wieder jede Menge an "Abwärtspotential".
Jetzt muss bald einmal eine Erfolgsmeldung kommen, sonst werde ich meine 50 Mio. Stück auf den Markt.
greetings
Press Release
GTREX Capital Announces Management Interviews with TravelMole.TV Discussing the Green Globe Acquisition and the Business Strategy of Green Globe International, Inc.
Issued Monday March 3, 11:25 am ET
CEO Steven R. Peacock and Dr. Terry De Lacy are Interviewed and Sessions Posted to www.travelmole.tv
MURRIETA, Calif.--(MARKET WIRE)--Mar. 3, 2008--GTREX Capital, Inc. (OTC BB: GRXI), a holding company with subsidiary operations in the travel distribution industry, today announced that Director Terry De Lacy and Chief Executive Officer Steven R. Peacock have participated in interviews with TravelMole, the most highly acclaimed and largest global online community for the travel and tourism industry with over 450,000 registered travel and tourism professionals worldwide. Dr. De Lacy and Mr. Peacock were interviewed on Friday, February 29, 2008 in Los Angeles, California and video clips from the interviews have been posted at http://www.travelmole.tv/index.php.
In the interviews, Dr. De Lacy discusses some of the history of the Green Globe program and brand, as well as the importance of environmental responsibility for businesses, communities and countries. He describes how concerns over global climate change have grown in recent years and how Green Globe expects to focus considerable attention on providing solutions that help countries, communities, companies and consumers respond to climate change through the use of certain technologies.
In his interview, Mr. Peacock describes why GTREX Capital targeted the Green Globe brand for acquisition and how the company expected to grow the brand worldwide.
These interviews are the first in what are expected to be a series of media opportunities through TravelMole that will be undertaken by Green Globe International, Inc. The company has entered into a strategic alliance with TravelMole to broaden awareness for Green Globe International in the public markets and worldwide. Due to TravelMole’s stature in the global travel and tourism industry, and specifically its effectiveness in reaching a large and diverse audience in this market, the company will utilize TravelMole in the areas of news distribution, news links, audio and video content, event sponsorships, high profile associations, mutual support, and brand visibility.
A Current Report on Form 8-K filed with the Securities and Exchange Commission on February 21, 2008 reported that the company has purchased a total of 85% Green Globe, Ltd. (U.K.) through a securities purchase and share exchange agreement with two principal shareholders and one minority shareholder. The company expects to purchase the remaining 15% of Green Globe, Ltd. (UK), which would be positioned as a wholly owned subsidiary of the company.
On Friday, February 29, 2008, a 14C Information Statement was filed by the company announcing shareholder approval of a proposal to change the company’s name to Green Globe International, Inc.
Operating under the ownership of Green Globe International, the Green Globe brand is expected to expand its reach beyond its current affiliated organizations to additional applications in the travel and tourism market, as well as new potential applications in a variety of sectors. With Green Globe as its focus, the company’s Global Travel Exchange subsidiary will be positioned to utilize its travel distribution technology in new business opportunities related to the Green Globe initiative. It will place a major focus on solutions that help countries, communities, companies and consumers respond to climate change.
“We are very pleased to have this opportunity to speak to the TravelMole audience and the public market community through these interviews,” commented Mr. Peacock. “Green Globe has a long history as a global leader in sustainable tourism and environmentally responsible development, and it will be an important part of Green Globe International’s business strategy to articulate how we will grow use of the brand worldwide and potentially apply it in entirely new applications.”
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About GTREX Capital, Inc.
GTREX Capital, Inc. (http://www.gtrexcapital.com) is a holding company with subsidiaries conducting business in the travel industry. Global Travel Exchange, Inc., a GTREX Capital subsidiary, 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. GTREX Capital has just closed the acquisition of majority ownership of Green Globe, Ltd., a British company that owns the Green Globe brand, the premier international brand for travel, tourism and related businesses. With the acquisition of Green Globe, Ltd. (UK), the focus of the company will be the promotion and protection of the Green Globe brand and to expand its use by businesses, communities and other entities.
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, Inc.
A. Beyer
951-677-8073
investors@gtrexcapital.com