SAUSALITO, CA--(BUSINESS WIRE)—Feb. 5, 2007--Triton Distribution Systems, Inc. (OTCBB: TTDS), a next generation web-based travel distribution service provider, announced today that it has received requests from 385 agency customers in the United States, expanding its efforts in the North American market. This is an indication of major growth for the company. The overwhelming response from agencies represents an estimated $6 million in revenue annually for Triton.
Triton is one of the fastest growing web-based travel distribution providers, and this event marks the first time the company has generated substantial business in the United States. As agencies continue to seek robust, user-friendly solutions, Triton anticipates that new business will triple by end of year in the U.S. market in addition to its international commitments.
The substantial growth is driven by the launch of ReservationExpert™ less than a month ago. The comprehensive web-based booking application is the industry’s first comprehensive point-and-click system that makes booking travel efficient and cost-effective for agents.
“This is a significant milestone and accomplishment for Triton,” said Gregory Lykiardopoulos, Chairman and CEO for Triton. “ReservationExpert has raised the bar in the travel distribution industry and the market is responding favorably. Our solution delivers the best experience for agents today.”
At this pace, Triton’s domestic and international business can amass thousands of customers.
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.
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Netta Conyers Haynes