SAUSALITO, Calif.--(BUSINESS WIRE)-- Triton Distribution Systems, Inc. (OTCBB: TTDS), a next generation web-based travel distribution service provider, announced today the release of Red Dragon Express™, the world’s first online portal specially designed to provide travel agencies around the world with access to Chinese airlines, tours, cruises, and hotels. The eagerly anticipated gateway delivers content unavailable through any other source and at rates substantially lower than legacy distribution systems.
Travel agents are very excited about the growth of Asian tourism and are especially eager to build a niche market for China-bound travelers. Unfortunately, building a Chinese itinerary requires contacting each vendor individually and full payment is often required before reservations can be confirmed. Red Dragon Express™ solves these problems by providing a platform where agents can search through one of the largest networks of travel content available, build one itinerary, pay for the trip with one credit card transaction and receive one package containing the trip tickets. Travel agents can now offer a seamless travel experience, expertly managed and free from the financial and bureaucratic hurdles of the past.
Red Dragon Express gives travel agents real-time access to over 580 international airlines and 23 domestic Chinese airlines. It also delivers thousands of four- and five-star hotels, Yangtze river cruises, day tours, coach tours and hundreds of multi-city tours—all just in time for the increase in travel expected during the 2008 Beijing Olympic games.
A New Chapter in Global Distribution
No newcomer to the Chinese travel market, Triton chairman, CEO and founder Gregory Lykiardopoulos made history more than a quarter century ago when he helped negotiate the first regularly-scheduled flights by a U.S. airline to Beijing.
“Over the next six years China is expected to replace France as the world’s top tourist destination,”said Mr. Lykiardopoulos.“Already accounting for 34 percent of Asia’s tourist arrivals and growing at 10% per year, China is the key regional driver in this sector.”
“Opening China to travel agencies and their customers around the world is a significant win for Triton but it ’s just the beginning.” Mr. Lykiardopoulos went on to say, “China is the fastest growing outbound tourism market as well and by 2020 it is estimated that more than 100 million Chinese will make outbound leisure trips annually. We have already developed several key partnerships with Chinese companies and are well on our way to capturing a significant share of the growing outbound market with products designed for the Chinese travel agent.”
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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