SOURCE: Market Pulse

November 10, 2009 09:37 ET

Market Pulse Breaking News Alert for Tuesday, November 10, 2009: TCSR - TrinityCare Senior Living Announces Its Rapid and Significant Expansion Plans!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse

ATLANTA, GA--(Marketwire - November 10, 2009) - Market Pulse News Alert for this AM, Stocks to Watch are: TrinityCare Senior Living, Inc. (OTCBB: TCSR), Sprint Nextel Corp. (NYSE: S), NVIDIA Corporation (NASDAQ: NVDA) and Imaging3 Inc. (OTCBB: IMGG).

Investors need to be watching TrinityCare Senior Living, Inc. (OTCBB: TCSR) this AM! TrinityCare develops, manages, and owns quality senior living facilities that focus on enriching the faith of the residents and providing state-of-the-art independent living, assisted living, memory care and adult day care services in a single location. TrinityCare is not a start-up or emerging growth company, but an experienced operator of senior living facilities. The company partners with local churches and land developers for each facility to offer a wide range of both community and personal services to residents. TrinityCare is a rapidly growing business with three successful facilities: Trinity Oaks of Pearland, Texas, Trinity Hills of Knoxville, Tennessee and Trinity Shores of Port Lavaca, Texas. TrinityCare's properties in Knoxville and Port Lavaca obtained their certificate of occupancy in June and July of 2007, respectively. The total occupancy of all 3 projects as of July 31, 2009 was roughly 90%, based upon available units. Revenues exceed $6,000,000 with gross profit margins in excess of 60%. The company will capitalize each new project in 2010 through land contribution (from a church or land developer ranging from $1.0M to $2.0M), cash investments (typically $500,000 to $750,000 per project), and HUD 232 guaranteed financing through lenders who have underwritten TrinityCare (Wells Fargo and Duetsche Bank Berkshire Mortgage). The typical project cost is $10 million, and is 82 units covering 61,000 square feet. The company expands only in areas where there is a significant unmet need and where success can be easily achieved in a short period of time. The growth of the senior adult population is anticipated to expand rapidly over the next two decades, and thus supply cannot keep up with demand. It is estimated that over 6.5 million seniors currently need assistance with activities of daily living. Current expenditures for senior living in the United States exceeds $283 billion, with an estimated expenditure of $508 billion in 2030. Future and planned expansion developments will be in Pearland, Texas; Katy, Texas, Covington, Louisiana; Shreveport, Louisiana; Seymour, Tennessee; and Crossville, Tennessee. These projects will add an additional 488 units to the company bringing the total to 718 units. Current market valuation for these types of projects would bring the valuation to over $100 million. Currently, using this valuation, the fair market value of existing facilities is $32 million, with debt of $18 million, and cash investments thus far of $4 million. The company has experienced leadership, capable of rapid expansion, and excellent relationships with lenders and investors. Donald W. Sapaugh, Chairman and Chief Executive Officer of TrinityCare Senior Living, Inc., stated, "We carefully analyze the economics of each proposal and expect expansion in new and existing markets to serve as the foundation for profitability and the enhancement of shareholder values in the future." TrinityCare Senior Living, Inc. is poised to become a significant player in the long-term healthcare facilities industry! TCSR just had excellent news out in a press release before today's bell announcing the status of its rapid expansion plans! The company has embarked upon a significant expansion in 2010, with a goal to triple the number of beds currently owned and managed through new development! This could be great news for investors!

TrinityCare Senior Living, Inc. (OTCBB: TCSR), which develops, manages and owns faith-based senior living facilities, today announced the status of its rapid expansion plans. The company has embarked upon a significant expansion in 2010, with a goal to triple the number of beds currently owned and managed through new development.

"We have excellent lenders who are actively involved in assisting us with our senior debt for our expansion," stated Donald W. Sapaugh, Chairman and Chief Executive Officer of TrinityCare Senior Living, Inc. "We have been very strategic in selection of markets where the economic climate is strong in comparison to the balance of the country, where construction costs are low, and demand is high. These strict requirements will allow us to have successful expansion with excellent lease-up potential."

TrinityCare Senior Living, Inc. through its wholly owned management company will develop two new communities in the Houston metropolitan area, two in Louisiana (Shreveport and Covington) and two in Eastern Tennessee (Seymour and Crossville). All, but Shreveport have been approved by the respective lender and several are in queue for assignment to a HUD underwriter. The company expects to announce the final status of Shreveport, Louisiana by year end. These six new communities will add at least 480 new units, increasing the total units to over 700, and total communities owned and managed to nine.

About TrinityCare Senior Living, Inc.

TrinityCare Senior Living ("TrinityCare") develops, owns, and manages quality senior living facilities that focus on enriching the faith of the residents and providing state-of-the-art independent living, assisted living, memory care and adult day care services in a single location. The Company partners with local churches and developers for each facility and offers a wide range of both community and personal services to residents. TrinityCare is a rapidly growing company with three successful facilities currently operating in Texas and Tennessee. Near-term expansion plans target the Southeastern part of the United States. For more information please visit www.trinitycare.com. TrinityCare is headquartered in Friendswood, Texas (Houston metropolitan area) and its common stock trades on the OTC Bulletin Board under the symbol "TCSR".

Stocks in the news and acting well as of late include: Sprint Nextel Corp. (NYSE: S), NVIDIA Corporation (NASDAQ: NVDA) and Imaging3 Inc. (OTCBB: IMGG).

Information contained herein is the opinion of Market-Pulse.com ("MP") and is intended to be used strictly for informational purposes. You should be aware that MP attempts to assure itself of the accuracy of the information contained in the analyses it publishes. In this regard, MP does, at times, rely on the accuracy of information supplied to it by the companies which are the subject of MP's analyses and/or parties related to those companies. MP also relies on the accuracy and integrity of information that is contained in company press releases and reports filed with the SEC. The companies mentioned in this publication have not approved the content or timing of the information being published unless otherwise noted.

MP, because it relies on information supplied by various third parties disclaims any responsibility for the accuracy of such information. Any investor considering making an investment in any security which has been the subject of a MP analysis or opinion should, before making any such investment, consult with his/her market professional and/or do his/her own independent research regarding the company which is the subject of an MP opinion, recommendation or analysis. Information regarding companies which MP has opined upon is normally available from many sources including the subject company's filings with the SEC and various press releases issued by the company.

You should be aware that MP is often compensated for issuing analyses, recommendations or opinions concerning particular companies. Its opinion is therefore not unbiased and you should consider this factor when evaluating MP's statements regarding a company. MP has been compensated, in connection with its profile of TrinityCare Senior Living, Inc., twenty five thousand shares of TrinityCare Senior Living, Inc.'s common stock by a third party shareholder. Additionally, MP has pending twenty five thousand restricted shares of TrinityCare Senior Living, Inc. by a third party shareholder. To date, MP has not sold any of these shares. MP's officers and directors reserve the right to buy additional shares of the companies discussed in this opinion and may profit in the event those shares rise in value. When MP receives shares as compensation for a profiled company, MP may sell part or all of any such shares during the period in which MP is performing such services. Market-Pulse.com and Market Pulse Breaking News Alert are owned by Market Pulse LLC.

Contact Information