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SAUSALITO, CA--(BUSINESS WIRE)—May 23, 2007--Triton Distribution Systems, Inc. (OTCBB: TTDS), a next generation web-based travel distribution service provider, announced today the continued expansion of its Middle Eastern operations and the opening of a new round of partnership talks.
CEO Gregory Lykiardopoulos returned to the Middle East for the third time this year where talks with five additional air carriers searching for a new distribution partner have been very successful. Large travel agencies serving the Gulf region have also shown interest in Triton’s ReservationExpert™ and have asked Mr. Lykiardopoulos to return next month for contract talks. This latest trip coincides with the build-out of Triton’s Kuwait office which will include a sales group, call center and customer support for the region.
“Throughout the Middle East, countries are embarking on an unparalleled program of development aimed at increasing tourism revenue by 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 expect contract announcements to follow shortly.”
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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