SOURCE: Trai Thien USA Inc

April 05, 2010 16:40 ET

Trai Thien USA Inc Retains Investor Relations Firm

HO CHI MINH CITY, VIETNAM--(Marketwire - April 5, 2010) -  Trai Thien USA Inc (OTCBB: TRTH), a U.S. publicly traded shipping company with operations based in Vietnam, today announced that the Company has retained Chesapeake Group to develop and manage an ongoing investor relations program.

Relating to the appointment of Chesapeake Group, Haley Manchester, CEO of Trai Thien USA Inc, said, "We have an exciting story to tell, and given its fourteen years of experience in the industry, and particularly its experience in working with Asian-based companies, we believe that the Chesapeake Group is ideally suited to share it with the investment community." Mr. Manchester elaborated, "It's important for investors to understand that although we are Vietnam-based, our business is actually generated throughout the greater Southeast Asia region, therefore our story is more generally about the expectations for tremendous intra-Asia economic growth and the transportation of the basic raw materials that is feeding it, than it is about Vietnam specifically. In addition to the overwhelming demand for our services, we see the ramifications of globalization playing out in favor of our business everyday in the form of growing interdependent trade relations among the Asian economies with each other and the rest of the world." He went on to point out that the Asia Pacific region already accounts for nearly 60% of the world population and about 70% of world sea-borne trade in bulk commodities.

"Trai Thien is strategically sandwiched between China and India in the dynamic heart of Southeast Asia, one of the most populated and fastest growing regions in the world. As one of the first U.S. publicly-traded Vietnamese companies, Trai Thien plans to leverage its access to U.S. capital markets to further develop its fleet of dry bulk vessels that cater to the growing number of small and medium size suppliers and manufacturers that dominate these economies -- much as they do in developing countries like our own. As a shipping company, with access to U.S. capital markets, its low-cost Vietnam-based operations, highly versatile vessels, and U.S. Dollar denominated revenues, they are well positioned to succeed in their market space," said Kevin Holmes, CEO of Chesapeake Group. "We look forward to helping Trai Thien communicate its story and build shareholder value," he added.

About Trai Thien USA Inc

Trai Thien is a fast-growing Vietnam-based dry bulk shipping company specializing in providing ocean transportation services for raw material input items such as coal, ore, grain, cement, steel and fertilizer within the Southeast Asia region. The Company currently operates a fleet of five owner-operated and term-leased geared vessels with an average size of approximately 3,500 dead weight tons ("DWT"). Due to growing demand from an ever-expanding base of overseas and local Vietnamese customers, Trai Thien plans to aggressively acquire additional vessels and to expand the geographic regions that it services, including more profitable routes in East and South Asia.

About Chesapeake Group

Chesapeake Group is a full service investor relations firm with over a decade of experience introducing small and mid cap companies to the investing community. Chesapeake develops strategically-timed investor and public relations campaigns that increase and maintain the market recognition and outlook of companies.

Safe Harbor Statement: Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.

Contact Information

  • CONTACT:
    Kevin Holmes
    Chesapeake Group
    410-825-3930