SOURCE: TrinityCare Senior Living, Inc.

TrinityCare Senior Living, Inc.

November 19, 2009 07:00 ET

TrinityCare Senior Living Announces $1.65 Million Investment Agreement

Significant Milestone for Expansion Accomplished

FRIENDSWOOD, TX--(Marketwire - November 19, 2009) - TrinityCare Senior Living, Inc. (OTCBB: TCSR), which develops, manages and owns faith-based senior living facilities, today announced the execution of a $1.65 million investment agreement by RCHP, LLC, a Texas-based boutique investment firm.

"We are very pleased to have RCHP as an investor in our expansion. Their confidence in our vision and strategy is encouraging at a time when investment dollars are limited," stated Donald W. Sapaugh, Chairman and Chief Executive Officer of TrinityCare Senior Living, Inc. "This capital infusion, coupled with our senior lending agreements on new construction, will reduce our capital requirements significantly and allow us to achieve our previously outlined growth goals for 2010."

The investment will be made on a per-project basis and will range from $225,000 to $300,000 in cash, based upon the timing and location of new senior living projects. Each investment will be into a special purpose entity and will provide to RCHP, LLC a 10% accrued return on investment, with a target 18% internal rate of return over a three-to-five-year period. The return on investment will be paid in cash or stock at the option of TrinityCare. RCHP has a consistent history of positive and productive investments for its investors. The expected dilution to TrinityCare shareholders under this investment agreement is expected to be minimal.

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

TrinityCare is headquartered in Friendswood, Texas (Houston metropolitan area) and its common stock trades on the OTC Bulletin Board under the symbol "TCSR".

Forward-Looking Statements

The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements related to the future financial performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful execution of growth strategies, product development and acceptance, the impact of competitive services and pricing, general economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.

Contact Information

  • For Additional Information, Please Contact:

    Donald W. Sapaugh
    (281) 482-9700

    RJ Falkner & Company, Inc.
    Investor Relations Counsel
    (830) 693-4400
    email: Email Contact