IRVINE, Calif., May 30, 2006 (PRIMEZONE) -- Trinity3 Corporation (OTCBB:TRYT) reported today that its revenues for the year ended 12/31/05 of $1,152,000 outpaced its earlier estimates of $950,000 by over $200,000. Revenue for the period beat the company's earlier estimates by 21 percent and represents a 35 percent increase over revenue for the previous year.
"Our corporate growth and restructuring has caused us to take some one-time charges in the past two quarters. However, with these write-offs behind us, and unprofitable operations now eliminated, the company expects to report breakeven to a small profit for the healthcare segment for its current quarter," said Steven D. Hargreaves, president and CFO of Trinity3 Corp. "This will be a significant improvement over the loss reported in our first quarter for the healthcare segment."
About Trinity3 Corp.
Trinity3 Corporation, through its wholly owned subsidiary Skyline Orthopedics, 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 healthcare 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 healthcare provider and patient.
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.