HOUSTON, Nov. 18, 2002 (PRIMEZONE) -- IPOdesktop.com, in its continuing series of Internet radio reports featuring Trinity Energy Resources, Inc. (OTCBB:TRGC), today interviewed Phil Gennarelli, Managing Director of Houston-based Millennium Energy Ventures, the company's strategic consulting firm, about its role in Trinity's expansion strategies.
Gennarelli was interviewed by program host Francis Gaskins, Editor of IPOdesktop.com. Listeners may access the interview through RealAudio at: http://gaskinsco.com/trgc2.ram and via Windows Media: http://gaskinsco.com/trgc2.asx . If these are not direct links, listeners can simply copy and paste to their Internet browser to listen to the interview.
During the interview, Gennarelli noted that over the past several years, Millennium Energy Ventures has been rated among the top 15 advisory businesses by The Houston Business Journal, and although the firm is only three years old, the average level of experience among its partners is more than 25 years. He also reported that in addition, the firm co-manages the Millennium Emerging Technology Fund, a $100 million privately sponsored fund focused on energy, telecom, utility and information technology investments in the United States.
In the post-Enron environment, he said, "our focus is on people and bringing deals to them." Gennarelli said that one of the considerations that his firm found attractive about Trinity was the depth of its management as well as its key advisors. "We focus on management, and building companies around them."
He said that Millennium was committed to raising up to $5 million for Trinity in the first quarter of 2003 through a private placement, and that his firm also is focusing on three additional transactions that he believes will offer the benefit of immediate cash flow to Trinity as it executes its business plan.
An earlier introductory interview with Trinity's President & CEO, Dennis Hedke, can be heard on RealAudio at http://gaskinsco.com/trgc.ram and also can be heard on Windows Media at: http://gaskinsco.com/trgc.asx .
About Trinity Energy Resources, Inc.
Trinity Energy Resources is actively engaged in the exploration, production and acquisition of crude oil and natural gas properties within and outside the continental United States. Most of the company's current assets are concentrated in various domestic hydrocarbon provinces located in the Permian Basin of Texas, the Louisiana and Texas Gulf Coast, The Denver Basin of Colorado and the Powder River Basin in Wyoming. The company is committed to developing energy resources and expanding its strategic reserve base in ways that are economically and environmentally viable. Trinity became a public company on November 27, 2000. For further information, please visit the company's Website at www.trinityenergy.com.
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the company's current views with respect to future events that involve risks and uncertainties including uncertainties related to successful negotiations with other parties, oil and gas exploration risks, price volatility, production levels, closing of transactions, capital availability, operational and other risks, uncertainties and factors described from time to time in the company's publicly available SEC reports. In light of these risks and uncertainties, the forward-looking events described in this release might not occur.