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SAUSALITO, Calif.(MARKET WIRE) April 9, 2008Triton Distribution Systems, Inc. (OTCBB: TTDS), has retained Scottsdale Capital Advisors to provide financial consulting and investment banking services to the Company. Scottsdale Capital will focus on optimizing strategies to meet Tritonís working capital requirements and improve its balance sheet.
The Scottsdale Capital engagement is an important component of a new global corporate success plan which includes: fulfilling existing and prospective travel distribution contracts; undertaking strategic acquisitions in China and Europe; and, rebranding the Company to accentuate the commercial scalability of Tritonís proprietary Internet technology and its competitive position in the emerging domestic and international Chinese travel markets.
Scottsdale Capital Advisors is a boutique brokerage firm with investment banking, underwriting and market making capabilities. Leading the Triton engagement is Neil Dabney, Director of Private Equity. Mr. Dabney has over 33 years of experience in the investment field, including serving as a Senior Vice President in Drexel Burnhamís High Yield Bond Department, co-founding the Dabney/Resnick companies (now known as Imperial Capital), forming creditors committees and structuring and successfully completing numerous equity placements, in the $10 to $15 million range, for micro cap issuers.
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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