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TRITON DISTRIBUTION SYSTEMS SIGNS MAJOR REVENUE PARTNERSHIP AGREEMENT WITH ADVANCED TRAVEL PARTNERS (ATP)
Triton’s ReservationExpert Will Now Become the Second Largest Distribution Platform for ATP’S 600 Agencies
SAUSALITO, Calif.--(BUSINESS WIRE)--Triton Distribution Systems, Inc. (OTCBB:TTDS), a next generation web-based travel distribution service provider announced the next phase of its European market penetration plan today with the scheduled arrival of Triton’s Customer Support team in Amsterdam where they will begin an installation and training program for ATP’s Implementation team.
The deployment of Triton’s Support team represents the final stage of a partnership agreement announced last April. In that agreement ATP, a top travel management firm in the corporate and leisure market with sales in excess of $750 million (USD), guaranteed to implement ReservationExpert™ in ATP’s existing network of approximately 600 agencies to promote, advertise, train and support each agency in the use of ReservationExpert.
In addition to using ReservationExpert within its own network, ATP is committed to working with Triton to penetrate the Dutch market of 600,000 ticket segments. Triton expects to begin realizing revenue in the first two weeks of November. The initial deployment should represent approximately $300,000 (USD) monthly or $3.6 million (USD) annually.
“We have been working closely with the Triton Engineering team over the past few months to ensure that our agencies have the best web-based booking tool possible,” said Dennis van Wijk, C.T.O. for ATP. “I’m very happy to report that ReservationExpert has met our stringent requirements and my whole team is looking forward to using a true point-and-click, web-based tool of this caliber.”
“The European travel market is still the largest travel market in the world with over 450 million arrivals each year,” said Gregory Lykiardopoulos, Chairman and CEO for Triton. “Building significant market share in Europe is a critical part of our global market plan. It’s exciting and rewarding to see companies of ATP’s reputation sign onto our program.”
ATP has also committed itself to promote and advertise ReservationExpert throughout the European market. ATP has offices in The Netherlands, Belgium, France, Norway, and the UK as well as the USA. ATP is continuously growing its worldwide network in four major regions in North America, Latin America, Europe and Asia/Pacific.
Triton has been expanding the functionality of ReservationExpert since its release last March. The core product now includes cruises with consolidator, low cost carrier and tour modules scheduled for completion this year.
About ATP International
ATP is one of the leading international travel management companies, with offices in the United Kingdom, The Netherlands, Belgium, France, Norway and the United States. ATP specializes in serving the business travel needs of corporate clients in various industries. Next to business travel, ATP has its dedicated units for, business related, group and incentive travel and travel and hospitality regarding sports events. Besides that, ATP is recognized as a specialist in organizing (inter)national congresses, meetings and business events. In the leisure domain of e-commerce, ATP exploits various airline ticket and leisure travel websites. ATP has been highly technology oriented for many years and with a combined turnover exceeding €500 million, allows ATP to leverage its substantial buying power on behalf of national and international clients.
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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