TORRANCE, Calif., July 20, 2005 (PRIMEZONE) -- Trimfast Group Inc. (Pink Sheets:TFTG) is pleased to announce its wholly owned subsidiary Sur Services, Inc. has added ProPTC a proprietary technology solution to their line-up of products.
This product provides publicly traded companies the ability to meet compliancy requirements for such acts and regulations as Sarbanes-Oxley (SOX) and HIPPA. Gartner, Inc., which is a leading research firm, forecasts capital expenditures for SOX and HIPPA will grow rapidly in 2005 and will reach more than $6 billion by 2006. Forrester which is another reputable research firm estimates more than half of all enterprises will adopt a technology-based approach to SOX by 2006.
Sur Services, ProPTC technology is anticipated to provide a significant source of revenue into TFTG and will be used by the company to be fully compliant and increase their speed to bulletin board status.
Jeffrey A. Ullman, Trimfast Group Inc. President stated, "There is an overwhelming demand from publicly traded companies to be fully compliant with Sarbanes-Oxley and HIPPA regulations. As our company expands and diversifies, we will continue to pursue high-growth industries and sectors which can provide us strong revenues with a high Return on Investment (ROI)." Mr. Ullman continued to state, "Our product will allow companies the ability to improve their record-keeping, while fulfilling compliancy duties in a single application."
About Trimfast Group, Inc.:
Trimfast Group is an emerging company actively looking for additional mergers or acquisitions. These mergers or acquisitions will be targeted towards private companies with a significant ability for growth. Recently Trimfast Group, Inc. acquired Sur Services, Inc. as a wholly owned subsidiary. Sur Services is a full service supplier of Pre-Paid, Re-loadable Stored Value ATM and MasterCard cards with Value Added products such as Roadside Assistance, Pre-Paid Legal, and Long Distance phone card services. Sur Services, Inc. cards also allow users to share access to their accounts from multiple locations, both nationally and internationally.
For additional information about Trimfast Group Inc., please contact Investor Relations at (973) 351-3868 or visit the company website at http://www.trimfastgroup.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.