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SAUSALITO, CA--(BUSINESS WIRE)—May 10, 2007--Triton Distribution Systems, Inc. (OTCBB: TTDS), a next generation web-based travel distribution service provider, announced today the signing of a distribution and subscriber agreement with Khalid Al-Nasrallah Tourist & Aviation Corporation (KNTAC), whereby Triton will distribute KNTAC inventory and KNTAC will make ReservationExpert™ available to it’s agents worldwide.
For nearly 40 years KNTAC has served the travel and tourism needs of the Middle East with flights, tours and accommodations for both the business and leisure sectors. KNTAC has won international awards for excellence from the Sheraton, Hilton and Holiday Inn and has opened offices in Dubai, Beirut, Cairo, and London.
Throughout the Middle East countries are embarking on an unparalleled program of investment and development activities aimed at increasing tourism revenue. Over the next 20 years, upwards of $3 trillion will be spent expanding airport capacity by 300 million passengers, adding over 200 new hotels with 100,000 additional rooms and purchasing 870 new aircraft.
“Regional forecasts suggest annual travel and tourism revenues could increase as much as 90% over the next ten years,” said Gregory Lykiardopoulos, Chairman and CEO for Triton. “That’s why Triton is moving aggressively to secure market share in the Middle East as well as Asia and Europe. We look forward to working closely with KNTAC as we expand our clientele worldwide.”
About Khalid Al-Nasrallah Tourist & Aviation Corporation
KNTAC was established in 1968, to develop and manage travel, tourism, and international freight services. It is one of the first travel agencies to re-open for business after the liberation of Kuwait, in 1991. With offices in Kuwait, Cairo, Dubai, London and Beirut, KNTAC assures continued excellence for million of travelers worldwide.
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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