SOURCE: Trey Resources, Inc.

January 31, 2011 09:47 ET

Trey Resources Announces That Company Restructuring Process Has Commenced

Initial Two Payments Due to YAGI Paid in Full

LIVINGSTON, NJ--(Marketwire - January 31, 2011) - Trey Resources, Inc. (OTCBB: TYRIA) announced today that the Company has successfully completed the first phase of its financial restructuring. It has paid in full the first two installments due to Y.A. Global Investments ("YAGI") in accordance with the debenture amendment signed by the parties on November 1, 2010.

Funds for the payments were generated by internally-generated cash and a loan from the CEO. No additional shares were issued by the Company for these funds. The proceeds were therefore arranged with no additional dilution to existing shareholders.

Mark Meller, CEO of Trey Resources, stated, "Today represents a fresh start for our Company. With these payments, our agreement with YAGI is effective. There will be no conversions on our debentures in 2011, we have the ability to redeem our debentures on advantageous terms, and we have the certainty required to effectively restructure and recapitalize the business on the best terms for the Company and our shareholders."

Meller continued, "We are meeting with investment bankers and other professionals to begin the next phase of our process. Raising the capital we want on the terms we want will be a challenge in this environment, but our Company has a compelling story, and represents what we believe to be a dynamic opportunity in 2011. We are hopeful about our prospects."

Meller concluded, "It is also important that we thank YAGI for the financial support they have provided the Company since our founding in 2003. The Company would not be the success it is today without YAGI's assistance."

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,,, or contact Trey Resources CEO Mark Meller at (973) 758-9555 or by e-mail at

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
    Mark Meller
    (973) 758-9555
    Email Contact