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This acquisition provides Triton entry throughout Europe including booking agreements with some of its largest vendors.
SAUSALITO, Calif.(BUSINESS WIRE) Oct. 10, 2008Triton Distribution Systems, Inc. (OTCBB: TTDS)
SAUSALITO, Calif., Oct 10, 2008 (BUSINESS WIRE) -- Triton is very pleased to announce it has reached an agreement to acquire 100 percent of ZTS, a German based company that for over twenty years has built a serious and respectable customer base.
ZTS operates in Germany, Switzerland, Poland, Russia, and Eastern Europe with annual sales revenue exceeding $147 million (USD) and gross revenues estimated to reach $4 million (USD) and with a net profit of $700,000 in 2008. Following the acquisition, Triton will realize this revenue on its balance sheet.
“Triton and its next generation booking tool, ReservationExpert? will process all the $147 million revenue in travel and additional requests that include TUI AG one of the world’s largest tourist firms owning travel agencies, hotels, airlines and cruise ships.
Triton also inherits ZTS’ agreements with Deutsche Bundesbahn, one of Europe’s largest rail lines, Steigenberger Hotels, a major European resort chain, Best Western Europe, Thomas Cook Travel, 75 major tour operators and much, much more.
Triton will also have immediate access to 3 major GDS’; Worldspan, Amadeus and Sabre, this along with Triton’s complete access to Galileo creates a full global reach of content options for ReservationExpert? users.
Due to this unique acquisition with its shared technology and strategies Triton immediately gains additional tools including IATA membership, a CRM tool, cash management and travel fulfillment, a customer call center and marketing and sales professionals.
"We are excited about the opportunity that comes with this acquisition. It will allow us to continue with our goal of offering the best and most comprehensive suite of tools and global content to the travel industry,” said Gregory Lykiardopoulos, Chairman and CEO for Triton and according to Michael Zartmann, Founder and General Manager of ZTS, "We look to Triton as the next generation leader in travel distribution and look forward to working with them."
ZTS (www.zts.net) was founded 24 years ago and has become one of Europe’s leading travel distributors with its web-based reservation system, a suite of additional travel tools, fulfillment, and customer support and database management.
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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