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TRITON DISTRIBUTION SYSTEMS SIGNS PARTNERSHIP AGREEMENT WITH ARABIAN BREAKS, A DIVISION OF RCI GLOBAL VACATION NETWORK
SAUSALITO, CA--(BUSINESS WIRE)—Aug. 1, 2007--Triton Distribution Systems, Inc. (OTCBB: TTDS), a next generation web-based travel distribution service provider, announced today the signing of a distribution partnership agreement with Arabian Breaks, a brand operated by RCI Middle East EC, a Wyndham Worldwide Group company and worldwide leader in vacation exchange for the last 30 years.
Following the success of its European program, RCI decided to introduce the concept of holiday home rental to the Middle Eastern market by offering a unique collection of some of the finest private and serviced homes in Dubai and the Arabian Peninsula within their brand - Arabian Breaks. With the property boom and the never ending demand for accommodation in Dubai especially with a projected 100,000+ villas and apartments becoming available in the next few years, Arabian Breaks will have enough properties to choose from to add to their portfolio. As a result, travel agents and holiday makers will have a plethora of choices – mainly in the Palm Jumeirah, Dubai Marina, Emirates Hills, and downtown Dubai, choosing from four different types of grading – 4-star, 5-star, Gold and Diamond.
“We are pleased to have signed an agreement with an RCI operated brand such as Arabian Breaks – a key partner for us in our global pipeline,” said Gregory Lykiardopoulos, Chairman and CEO for Triton. “We are delighted to join hands with such a well known and well respected brand, which we foresee will be a tremendous success, and look forward to a fruitful and longstanding relationship.”
RCI is backed by its parent company Wyndham Worldwide Corporation (NYSE: WYN) which services 4.4 million customers around the globe. As one of the world’s largest hospitality companies, Wyndham Worldwide encompasses more than 6,300 hotels with over 530,000 hotel rooms and accesses 55,000 holiday rental and exchange properties around the world. Wyndham Worldwide owns 9 hotel brands and over 30 other vacation brands including Wyndham, Ramada, Days Inn, Howard Johnson, Travelodge, Fairfield Resorts, RCI, English Country Cottages and Novasol.
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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