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SAUSALITO, CA--(BUSINESS WIRE)—Jun. 27, 2007--Triton Distribution Systems, Inc. (OTCBB: TTDS), a next generation web-based travel distribution service provider, commented today on the recent drop and subsequent recovery of the company’s common stock.
“It is our understanding that the decline in the price of our common stock on June 26, 2007, resulted from the forced liquidation on that day of a large stock position in our securities held by a broker dealer that was recently forced to terminate its operations,” said Gregory Lykiardopoulos, Chairman and CEO for Triton. “We are not aware of any fundamental change in the company’s financial position, operating performance or prospects which would result in such a significant increase in trading activity. Our company is very focused on the fulfillment of already executed contracts that will meet with our business objectives.”
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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