SOURCE: SeaBridge Freight Corp.

SeaBridge Freight Corp.

September 23, 2010 06:00 ET

SeaBridge Freight Announces $3.34 Million Benefit From Maritime Administration Grant

PALMETTO, FL--(Marketwire - September 23, 2010) - SeaBridge Freight Corp. (in the process of changing its name from TrinityCare Senior Living, Inc. (OTCBB: TCSR)), a leading pioneer in the marine highway industry in the United States, today announced its participation in a grant award that will be used to purchase equipment and modify two barges. The purpose of the US Maritime Administration grant is to expand the American marine highway industry thereby providing key public benefits including reduced air emissions, less interstate highway congestion from trucks, and diesel fuel savings of nearly 2.7 million gallons annually.

With 35 applications submitted to the Maritime Administration for funding nationwide, the project supporting SeaBridge Freight's operation received nearly 50% of the available funding.

"The Cross Gulf Container Expansion Project was sponsored by the Mississippi Department of Transportation, the Port of Brownsville, Texas and Port Manatee, Florida and is based upon the SeaBridge Freight business model. The grant will enhance our service and reduce operating costs for the Company," stated Mike Shea, Chairman and Chief Executive Officer. Hank Hoffman, President and Chief Operating Officer went on to say, "This grant is a significant milestone for the Company and the confidence shown by the Maritime Administration in granting the award for our benefit reflects continued support for the marine highway we have developed between Texas and Florida."

About SeaBridge Freight Corp.

SeaBridge Freight Corp. is a leading pioneer in creating the US marine highway industry, providing an environmentally friendly, safe, cost efficient container-on-barge, blue water, intermodal freight service on geographically advantaged routes. The Company provides container-on-barge, break-bulk and out-of-gauge freight transport service between Port Manatee (Tampa), Florida and the Port of Brownsville, Texas. Utilizing a direct water route that is drastically shorter than overland routing, the Company offers a more environmentally friendly alternative that economically connects Mexico and South Texas with Southeastern US markets. As a reliable alternative freight transportation option for shippers, the Company's services can be integrated with third party logistics providers, truckers and intermodal rail carriers to significantly lower freight costs. SeaBridge Freight Corp. is headquartered in Palmetto, Florida. For more information, please visit www.seabridgefreight.com.

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:
    Michael D. Shea
    Chairman/CEO
    941-981-3850
    Or
    Tyson Wallis
    Public Relations
    281-482-9700 ext 103