Combining the Two Companies Creates a Powerhouse of Innovation,
Leading and Changing the Face of Travel Distribution
Triton (OTCBB:TTDS) has finalized its acquisition of ZTS, a
multi-faceted, German-based travel services company that for over twenty
years has formed and built relationships with some of Europe’s largest
and most respected travel providers creating a growing brand with a
loyal following. Triton will immediately assume 100% control and the
purchase is being financed in the form of a five year note, no equity
will be issued related to the acquisition
ZTS' customers bought over $147 million (USD) of travel, resulting in
net revenues of over $4 million for its fiscal year ending December 31,
2007. Escrow is expected to close in the next few days. Thereafter,
Triton expects to file an 8K within the required 45 days which will
include consolidated financials in US GAAP.
The synergistic effect of the combination of both companies creates a
breakthrough opportunity from a technological, marketing and sales
perspective. The acquisition immediately provides Triton with an
established European hub of sales, marketing and customer support
empowering Triton to successfully exceed the requirements of its current
European clientele.
Currently in a beta version, both Triton and ZTS have combined their
next generation desktop tools (ReservationExpert™ and Tour Select™
respectively) to be known as ReservationExpert-TourSelect™ and made
available to selected users of ZTS' 15,000 agency base. Even in this
early stage of integration, Triton is witnessing ZTS users requesting to
switch to the new, integrated product.
The US and Asian markets will benefit immensely from the new product,
gaining access by association to more than 70 European tour operators
which includes inbound and outbound operators, rail, cruise, hotel, car
and flight operators. Conversely, the European market will benefit
through Triton's exclusive Chinese content and US content.
Triton now offers a broad suite of travel related services. This
includes a CRS and CRM tool, a consumer web booking engine which allows
passengers to pick and choose their own tours, transfers, special events
and more and bundle them, in real time with flights and hotels.