Triton Announces Reduction of Authorized Shares of the Company

TIBURON, CA–(Marketwire – October 26, 2010) –  Triton’s (PINKSHEETS: TTDZ) Board of Directors instructed management and announced today the reduction of the Company’s authorized shares from 50,018,000,100 shares to 1,018,000,100 shares of a par value of $ 0.001 per share.

The Company’s Present Share Structure is as follows:

No new shares have been issued by the Company and no change in the Corporate Structure of the Company is presently planned. The Company is not, nor has it participated in any of the recent trading of the Company’s common stock. At this time it is unknown to the Company who is trading the Company’s shares in the market. 

“We are taking the steps we believe are necessary to curtail the current pressure on the Company’s common stock. We have communicated these steps in order to keep the market informed and it is our hope that these efforts will bring some stability to the Company and allow the market to reflect a more appropriate value for the Company’s common shares,” said Gregory Lykiardopoulos, Chairman and CEO of Triton Distribution Systems, Inc.

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.

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.