Triton Distribution Systems (OTCBB: TTDS) hasretained Scottsdale Capital Advisors to provide financial consulting andinvestment banking services to the Company. Scottsdale Capital will focuson optimizing strategies to meet Triton's working capital requirements andimprove its balance sheet.
The Scottsdale Capital engagement is an important component of a new globalcorporate success plan which includes: fulfilling existing and prospectivetravel distribution contracts; undertaking strategic acquisitions in Chinaand Europe; and, rebranding the Company to accentuate the commercialscalability of Triton's proprietary Internet technology and its competitiveposition in the emerging domestic and international Chinese travel markets.
Scottsdale Capital Advisors is a boutique brokerage firm with investmentbanking, underwriting and market making capabilities. Leading the Tritonengagement is Neil Dabney, Director of Private Equity. Mr. Dabney has over33 years of experience in the investment field, including serving as aSenior Vice President in Drexel Burnham's High Yield Bond Department,co-founding the Dabney/Resnick companies (now known as Imperial Capital),forming creditors committees and structuring and successfully completingnumerous equity placements, in the $10 to $15 million range, for micro capissuers.
About Triton Distribution Systems
www.tritonds.com
Triton Distribution Systems is a pioneer in low-cost, business-to-business,Internet-based travel distribution and procurement solutions. Tritonprovides next generation electronic distribution of travel inventory fromairlines, car rental companies, hotels, tour and cruise operators, totravel agencies around the world including agencies in China. Triton'sproprietary products and services provide an investment opportunity in thetravel sector by offering greatly needed product, pricing, and marketingadvantages to a growing industry. Triton has developed a broad-based suiteof products, including ReservationExpert(TM), TritonTwist(TM) and RedDragon Express(TM) -- the world's first distribution gateway to theChinese market.
Forward-Looking Statements
This news release includes forward-looking statements that are madepursuant to the safe harbor provisions of the Private Securities LitigationReform Act of 1995. While these statements are made to convey to the publicthe company's progress, business opportunities and growth prospects,readers are cautioned that such forward-looking statements representmanagement's opinion. Whereas management believes such representations tobe true and accurate based on information and data available to the companyat this time, actual results may differ materially from those described.The company's operations and business prospects are always subject to riskand uncertainties. Important factors that may cause actual results todiffer are set forth in the company's periodic filings with the U.S.Securities and Exchange Commission.
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