SOURCE: Trey Resources, Inc.

February 03, 2011 09:21 ET

Trey Resources Announces That Restructuring Process Continues at Rapid Pace

Company Retires 650 Million Shares of Common Stock, Reduces Number of Outstanding Shares

LIVINGSTON, NJ--(Marketwire - February 3, 2011) -  Trey Resources, Inc. (OTCBB: TYRIA) announced today that the Company has retired 650 million shares of Class A Common Stock which were previously issued to various professionals and consultants. The shares are being returned to the transfer agent and will be cancelled. As a result, the number of outstanding shares of Class A Common Stock has been reduced by 650 million shares.

Mark Meller, CEO of Trey Resources, stated, "In order to position the Company for aggressive growth in the near future, we need to rationalize our capital structure so that it reflects a compelling investment opportunity for our shareholders and new investors. Towards that end, we are pleased that we have been successful in retiring these 650 million shares, which represented approximately 7.5% of the outstanding Class A shares of the Company. There are now approximately 8.054 billion shares outstanding."

Meller continued, "We still have a lot of work to do. This is just one in a series of steps we will take in the coming weeks and months. We continue to explore other potential options, including additional stock retirements, stock buy-backs, private placements, and the whole panoply of opportunities available to us. Nothing is off the table. We will continue to keep shareholders informed as developments occur, both on the restructuring front and on the operational front. We are looking forward to a very exciting 2011."

Meller concluded, "On a separate note, we have received inquiries regarding the loan I recently made to the Company to facilitate the payment to YAGI. That loan is a straight note, with no conversion features. No additional shares will be issued as a result of the payment made to YAGI."

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.com, www.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

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