SOURCE: Trey Resources, Inc.

January 14, 2011 09:15 ET

Trey Resources Announces Six New MAPADOC Software Sales

Company Ends December on High Note, EDI Sales Continue to Expand

LIVINGSTON, NJ--(Marketwire - January 14, 2011) - Trey Resources, Inc. (OTCBB: TYRIA) announced today that the company's subsidiary, SWK Technologies, Inc., the premier total solutions provider specializing in accounting software and supply-side software solutions, has closed on a series of significant sales of its proprietary MAPADOC EDI (electronic date interchange) software.

The new customers are involved in industries as diverse as sporting goods, motion picture distributors, and apparel manufacturers. The new clients' trading partners include Amazon, LL Bean, Meijer, and Dick's, among others.

The aggregate value of the transactions was roughly $91,000.

Mark Meller, CEO of Trey Resources, said, "2010 was a great year for MAPADOC, both financially and in the number of new licenses sold. We successfully converted over 20 customers to MAPADOC from competitive products. Our product's ease of use and tight integration with MAS, together with our competitive pricing and world class customer service, has made MAPADOC the solution of choice for hundreds of MAS users. MAPADOC represents the linchpin of our supply-side product offerings, and we hope to expand the reach of MAPADOC on other ERP platforms in the coming months. We expect this to be a highly profitable product expansion, with significant financial results that benefit both our company and our shareholders."

Jeffrey D. Roth, CEO of SWK, stated, "Our sales organization is doing a great job in communicating the benefits of our technology to our channel partners and end users throughout the country. Companies who use EDI solutions like MAPADOC have a significant competitive advantage, and also enhance their profitability. Consequently, we look forward to continuing the very rapid sales pace of our proprietary software."

About Trey Resources
Trey Resources is involved in the acquisition and build-out of technology and software companies. The Company's growth strategy is to acquire firms in this extensive and expanding, but highly fragmented segment, as it seeks to create substantial value for shareholders. Since June 2004, Trey has acquired SWK Technologies, Inc., Business Tech Solutions Group, Inc., Wolen Katz Associates, and AMP-BEST Consulting, Inc. For more information, visit www.treyresources.com, www.swktech.comwww.mapadoc.com, or contact Trey Resources CEO Mark Meller at (973) 758-9555 or by e-mail at mark.meller@swktech.com.

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding among other things our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to Trey Resources, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

Contact Information

  • Contact:
    Trey Resources
    CEO Mark Meller
    (973) 758-9555
    Email Contact