IRVINE, Calif., April 5, 2005 (PRIMEZONE) -- Trinity3 Corporation (OTCBB:TRYT), announced today that it expects to report revenues of approximately $1.1 million for the year ended December 31, 2004. This represents revenue production for only 10 months since its acquisition of Skyline Orthopedics, making the annualized revenues closer to $1.3 million. Trinity3 Corp. expects to file its fourth quarter and year-end financial results on Form 10-K by April 15, 2005.
-- Expects to report 2004 revenues of $1.1 million -- Expects to report a loss of $.03 to $.05 per share for 2004 -- Growth initiatives are on track
"We set our course and made great progress toward our objectives during our first year of operations. Having now done much of the hard work associated with melding the operations of a private company into a public entity, we are now setting our sights on some exciting growth initiatives for 2005," said Shannon T. Squyres, CEO of Trinity3 Corp. "With the establishment of our new Healthcare Development Division and the management additions made this year, we are well equipped to execute our business plan."
"We expect our loss for 2004 to be small, in the range of $.03 to $.05 per share. We are now launching our strategy to vertically expand within the durable medical equipment (DME), consumer health and orthopedics markets," said Steven D. Hargreaves, president and CFO of Trinity3 Corp. "In 2005, we are focused on internal growth through expansion of our current marketing strategies and acquisition of profitable, revenue-driven properties."
Trinity3 Corporation acquired Skyline Orthopedics, Inc. in February of 2004, making Skyline a wholly-owned subsidiary of Trinity3 Corp. Skyline, founded in 1994 and located in Newport Beach, California, is engaged in the marketing and distribution of durable medical equipment (DME) and billing systems to hospitals and related institutions, physician groups, and healthcare insurance providers throughout California and Nevada.
Skyline services home health care organizations, a variety of physician practices, physical and sports therapy clinics, and pain management clinics throughout its rapidly expanding network. Skyline also provides technical support and training to both the health care provider and patient. Its products, which are primarily used in physical therapy and post-operative recovery and rehabilitation, include a wide range of soft goods (custom braces, supports, and other orthopedic products), and continuous passive motion equipment. Trinity3 Corp. is working to expand the existing business of Skyline while it seeks complementary products and services to add to the mix.
About Trinity3 Corp.
Trinity3's mission is to build a profitable, diversified healthcare holding company, through expansion of its operating divisions, becoming a premier consumer healthcare and consumer products conglomerate noted for quality, value and brand name recognition.
Forward-Looking Statements
Certain statements in this release and other written or oral statements made by or on behalf of the subject company(s) are "forward-looking statements" within the meaning of the Federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward-looking statements are subject to a number of risks and uncertainties including market acceptance of the company's services and the company's continued access to capital and other risks and uncertainties outlined in its filings with the Securities and Exchange Commission, which are incorporated herein by reference. The actual results the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements. The company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.