ttdz

[axelvento]

Triton Distribution

Tuesday 18 January 2011

Triton's (PINKSHEETS: TTDZ) management is pleased to announce the highly anticipated purchase of 51% of the outstanding equity of Advanced Gold Technology ("AGT"). On Friday January 14, 2011, Triton, AGT and Universal Holdings executed final purchase agreements and exchanged instructions for issuance of stock certificates to each company. "We are very excited to be in this partnership with Triton and Universal. We have planned a very ambitious and achievable business plan that we feel we can be successful executing, now that we have the management and guidance of Triton and the backing of Universal," said Edward Rubenstein, AGT's Chief Executive Officer.

In addition to the expertise in the mining industry, AGT brings sizable relationships in equipment manufacturing for mining and established functioning producing mines in the Russian Federation. AGT's contract with "ITOMAK" from Novosibirsk, Russia, allows AGT the opportunity to establish exclusive manufacturing of mining equipment in the United States for International sales all over the world. "For the first time ever this technology will be available for manufacturing in the United States," said Gregory Yudashkin, Chief Engineer and President of AGT USA.

Based on the 51% equity purchase of AGT, Triton is preparing to file initially the end of the year 2010 financial reports as well as work to upgrade the company to the OTC Bulletin Board and file the adjusted financial reports that will specify the AGT ownership and the preceding ownership of AGT in OJSC Berezovskoe mines in Russia.

It is estimated that in the next 5 years the 3 mines owned by Berezovskoe can produce 408,784 ounces of gold valued at a total price of $572,297,600 on the International gold market. Of that amount $280,425,824 will be credited to AGT and further $143,017,170 will be credited to Triton and be recorded on its balance sheet. Triton's Board of Directors have also decided to plan for future recognition of Triton with a new corporate Name and Brand to reflect the progress into multiple areas and future growth. "While not moving away from our ability to use and produce always new technology in software that will continue to grow over the coming years we would like to re-brand our company to move into multiple beneficial areas for our shareholders. The new name and branding is being worked on at this time and is expected to be rolled out in the coming month in a future press release," said Gregory E. Lykiardopoulos, Chief Executive Officer of Triton Distribution Systems, Inc.

FORWARD-LOOKING STATEMENTS This news release includes forward-looking statements. 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. The company's operations and business prospects are always subject to risk and uncertainties.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1482409

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1482412

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1482414



Contact

Triton Distribution Systems, Inc.

Gregory Lykiardopoulos

CEO

415-381-4806

[axelvento]

Momo$$$$$

[axelvento]

.038
45%

[giabull]

ma un entrata ora?
la news dice financials tra 15 giorni e di colpo scende. non è che hanno rastrellato alla grande?

[giabull]

sta allungando dopo aver toccato i minimi.
0.0172x0.0175
volume che entra.

[giabull]

74x75

[giabull]

Nessuno del fol?

[giabull]

come la vedete?

[playars]

Originalmente inviato da giabull

come la vedete?

news:
TIBURON, CA--(Marketwire - January 21, 2011) - Triton (PINKSHEETS: TTDZ) today announced that its board of directors, after consultation with Universal Holdings, has authorized a stock repurchase program of up to $3 million of its outstanding common stock to be accomplished and stretched out for the next six months and will take place in the open market.

"We believe that the recent speculation surrounding the company is without merit and fails to reflect our fundamental operational planning that has been very positive and reassuring for the company and the shareholders. This stock repurchase program demonstrates the board of directors' and our partner's confidence in the company's ability to execute its growth strategy. We continue to execute well in this fast growing market and are making the strategic decisions we believe will allow us to solidify our position as a well run company in this sector," said Gregory E. Lykiardopoulos, Triton's Chairman and Chief Executive Officer.

As of January 15, 2011 the company has secured a respectable capital investment through a convertible debenture that will allow the company to act on the repurchase program. The share repurchase program authorizes Triton to repurchase shares from time to time through the open market, or privately negotiated transactions. The company may adopt a Rule 10b5-1 repurchase plan which would allow the company to purchase its shares at times when it ordinarily would not be in the market because of self-imposed trading blackout periods. The number of shares to be purchased and the timing of the purchases will be based on market conditions, share price and other factors. The stock repurchase program does not require the company to repurchase any specific dollar value or number of shares and may be modified, extended or terminated by the board of directors at any time.

The company will announce next week the production of the editorial interactive audio interview that will provide all shareholders additional information about the company and its activities. The company will announce the interview in a forthcoming press release.

Contact
Triton Distribution Systems, Inc.
Gregory Lykiardopoulos
CEO
415-381-4806

[axelvento]

.02