This Acquisition Provides Triton Entry Throughout Europe Including
Booking Agreements With Some of Its Largest Vendors
Triton (OTCBB:TTDS) 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 thousand 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."
About ZTS
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 (www.tritonds.com)
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 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.
Capital Group Communications, Inc.
Mark Bernhard or Daniel Shea,
415-332-7200
(Investor Inquires)
triton@capitalgc.com
