SAUSALITO, CA--(BUSINESS WIRE)—Jun. 12, 2007--Triton Distribution Systems, Inc. (OTCBB: TTDS), a next generation web-based travel distribution service provider, announced today the signing of a distribution agreement with IFA Travel & Tourism, a subsidiary of IFA Hotels & Resorts. This partnership will give travel agents around the world the ability to book IFA Hotels & Resorts’ five-star hotels and resort properties through Triton’s ReservationExpert™.
IFA Hotels & Resorts has a market capitalization of over $1 billion and is listed on both the Kuwait and Johannesburg stock exchanges. Its portfolio of branded properties includes mixed-use resorts, five-star hotels and lifestyle experience locations in the UK, Portugal, South Africa, Zanzibar, Kenya, the UAE and Lebanon, managed by five-star hotel operators such as Fairmont Hotels & Resorts, Kempinski Hotels, Starwood International, Mövenpick Hotels & Resorts, Sun International and Yotel. Recent additions include properties in Thailand, Namibia as well as the IFA Yacht Ownership Club base in the Caribbean.
“Our combination of exclusive residential, resort and hotel properties in exotic locations sets us apart from other developers,” said Maher Nayef, Manager, IFA Travel & Tourism. “Our growth depends on efficient distribution which is why this agreement is so important to us.”
“We’re very excited to have IFA Hotels & Resorts partner with us because of the quality and diversity of their properties,” said Gregory Lykiardopoulos, Chairman and CEO for Triton. “Our agent customers are looking for high-end travel experiences to sell and IFA fits perfectly into that distribution model.”
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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