Contact Information: For more information: Mark Meller CEO Trey Resources (973) 758-9555
LIVINGSTON, NJ--(Marketwire - April 15, 2008) - Trey Resources, Inc. (OTCBB : TYRIA )
announced today that the company's wholly owned subsidiary, SWK
Technologies, Inc., the premier total solutions provider specializing in
business software for manufacturers and distributors, has closed on a
software sale valued at roughly $97,000.
Mark Meller, CEO of Trey Resources, said, "In the time since we terminated
the proposed sale of SWK, we have gotten back to concentrating on sales,
and, more importantly, profitability. Sales have been very good, as has
cashflow. We began a bottom to top review of SWK's business processes, and
have already implemented several important changes. Our goal is to become
the most profitable company in our space, and to do it quickly. SWK's
reputation for depth of expertise, talent, quality, and service has placed
us in the enviable position of quoting on ever more significant
opportunities. Sales momentum continues at a record pace, and we look
forward to announcing more exciting deals in the very near future."
About Trey Resources
Trey Resources is involved in the acquisition and build-out of technology
and software companies. The Company's growth strategy is to acquire firms
in this extensive and expanding, but highly fragmented segment, as it seeks
to create substantial value for shareholders. Since June 2004, Trey has
acquired SWK Technologies, Inc., Business Tech Solutions Group, Inc., Wolen
Katz Associates, and AMP-BEST Consulting, Inc. For more information, visit
www.treyresources.com, www.swktech.com, www.mapadoc.com, www.amp-best.com,
or contact Trey Resources CEO Mark Meller at (973) 758-9555 or by e-mail at
mark.meller@swktech.com.
This news release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, as amended, regarding among other things our plans,
strategies and prospects -- both business and financial. Although we
believe that our plans, intentions and expectations reflected in or
suggested by these forward-looking statements are reasonable, we cannot
assure you that we will achieve or realize these plans, intentions or
expectations. Forward-looking statements are inherently subject to risks,
uncertainties and assumptions. Many of the forward-looking statements
contained in this news release may be identified by the use of
forward-looking words such as "believe," "expect," "anticipate," "should,"
"planned," "will," "may," "intend," "estimated," and "potential," among
others. Important factors that could cause actual results to differ
materially from the forward-looking statements we make in this news release
include market conditions and those set forth in reports or documents that
we file from time to time with the United States Securities and Exchange
Commission. All forward-looking statements attributable to Trey Resources,
Inc. or a person acting on its behalf are expressly qualified in their
entirety by this cautionary language.