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SAUSALITO, Calif.--(BUSINESS WIRE)--July 25, 2006--Petramerica, Inc. (OTCBB: PAOI) announced today that it has retained Capital Group Communications, Inc. ("CGC") to provide a suite of professional investor relations and communications services. CGC's IR team will provide strategic counsel designed to raise the visibility of the Company while concurrently building and sustaining investor relations support as key business activities develop.
Petramerica's President Gregory Lykiardopoulos stated, "We are very pleased to announce our relationship with Capital Group Communications. CGC will lead the effort to communicate the development of the rapidly developing business of our operating company, Triton Distribution Systems, Inc., with the financial community, and our shareholders. We chose CGC for their breadth and depth of their industry-specific experience, as well as their firsthand relations to the investment community. The immediate goal is to build awareness of our company within the financial community, as well as direct communication with shareholders."
"CGC is ecstatic to represent Triton Distribution Systems, Inc. as they forge into the public market. Based on Triton's business model and technology, we believe that Triton has an excellent opportunity in a multi-billion dollar international sector. We look forward to a long relationship and communicating Triton's compelling story with the goal of expanding their visibility to the investment community, our extensive network, in addition to Triton shareholders," said Devin J. Bosch, CEO of Capital Group Communications, Inc.
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.
About Petramerica Oil, Inc.
Petramerica recently acquired all of the outstanding stock of Triton Distribution Systems, Inc., and plans are underway to change the name and apply for a new trading symbol reflecting the change in its ongoing business. Triton Distribution Systems is an emerging, next-generation Web-based travel services distribution company. Our core business is the electronic distribution of travel inventory from airlines, car rental companies, hotels, tour and cruise operators, and other travel sellers to travel agencies and their clients on a global basis. According to Plunkett Research, the existing worldwide travel market exceeds $3.5 trillion in size with billions of individual transactions that occur annually. Our revenue model is designed so that Triton receives a transaction fee from travel agents and travel vendors (providers of travel services) each and every time a booking occurs over our system. Triton operates solely in the vendor-to-travel agent or business-to-business segment of the market because it is estimated that over 80% of global airline tickets, 90% of cruises and 70% of all travel is consummated through travel agents. Through our web-based distribution system, we believe we offer pricing advantages and better distribution methods than that of competitors.
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.
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Netta Conyers Haynes