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TRITON DISTRIBUTION SYSTEMS FINALIZES AGREEMENT WITH HANOI TOSERCO OF VIETNAM
SAUSALITO, CA--(BUSINESS WIRE)--Feb. 13, 2007--Triton Distribution Systems, Inc. (OTCBB: TTDS), a next generation web-based travel distribution service provider, announced today that the company finalized an agreement with Hanoi Tourist Service Company (Hanoi Toserco), a leading tourism company in Hanoi, Vietnam. Triton will market and distribute the inventory of Hanoi Toserco’s network of hotels, airlines, cruise lines, tour operators and car rental companies globally through the advanced technology of ReservationExpert™. The partnership with Hanoi Toserco is expected to generate $2 million in revenue annually for Triton.
This agreement offers ReservationExpert™ users more travel options to Vietnam, an increasing popular tourist destination. Some industry analysts estimate tourist arrivals will double to 8 million by 2010. With increased tourist interest in the country, Triton expects substantial activity from travel agents seeking to book travel accommodations to Vietnam.
Through Triton’s web-based booking application that integrates all travel information to the desktop, agents will be able to cost-effectively and easily access Hanoi Toserco’s inventory of hotels, airlines, cruise lines, tour operators and rental cars.
“This agreement is a significant benefit for Triton,” said Gregory Lykiardopoulos, Chairman and CEO for Triton. “We are continuing to expand and partner with leading tourist companies throughout the world to offer agents access to the most sought after destinations.”
Hanoi Toserco, established in 1998, is a national tourist company operating in tours arrangement, hotels and apartments, offices for lease, restaurants, air ticketing, and car rentals. The award-winning company offers one stop shopping of travel products via its Web site at www.tosercohanoi.com, is licensed by the National Administration of Tourism and an accredited member of the Pacific Asia Travel Association.
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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