posted
Anyone know of news? Or, why this is starting to move up today?
-------------------- It's easy to sit there and say you'd like to have more money. And I guess that's what I like about it. It's easy. Just sitting there, rocking back and forth, wanting that money. --Jack Handy Deep Thoughts Posts: 64 | From: CT | Registered: Jan 2005
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Trey Resources Announces New EDI Sale MAPADOC is Small Business Choice for Wal-Mart Trading Partner LIVINGSTON, N.J. - PRNewswire-FirstCall - Feb. 25 LIVINGSTON, N.J., Feb. 25 /PRNewswire-FirstCall/ -- Trey Resources, Inc. (BULLETIN BOARD: TYRIA) announced today that its wholly owned subsidiary SWK Technologies, the premier total solutions provider specializing in business software, has closed on a significant sale of its proprietary MAPADOC EDI (electronic date interchange) software to a major distributor of boxed music sets.
The new customer's major trading partners include Wal-Mart, Costco, Fred Meyer and BJ's.
The MAPADOC fully integrated EDI solution offered by SWK Technologies provides users of Best Software's market-leading MAS family of accounting software a feature-rich product that is easy to use. MAPADOC provides the user with dramatically decreased data entry time, elimination of redundant steps, lower paper and postage costs, a reduction of time spent typing, signing, checking and approving documents and the ability to self-manage EDI in a way that saves time and money.
Dane DeSantis, channel sales manager at SWK Technologies, said, "Our proprietary MAPADOC EDI software gives small- and mid-sized companies the technological competence to electronically trade with very large companies like Wal-Mart and Costco. This new customer previously used a competitor's product, but came to realize that the functionality and reliability of MAPADOC was vastly superior."
Jeffrey 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. Our distribution channel grows regularly. We have recently announced deals in Alabama, New York and Canada. Trading partners serviced by our software include household names like General Motors, Home Depot, and Lowe's. As these large companies continue to move toward a total paperless transaction environment, those companies who utilize EDI solutions like MAPADOC will have a significant competitive advantage in selling products to these companies. As a result, 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. and Business Tech Solutions Group, Inc. For more information on Trey Resources, visit http://www.treyresources.com/ .
An online investor kit containing Trey press releases, SEC filings, current Level II price quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com/ and http://www.hawkmicrocaps.com/ . Investors may contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383, e-mail: info@hawkassociates.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.
-------------------- It's easy to sit there and say you'd like to have more money. And I guess that's what I like about it. It's easy. Just sitting there, rocking back and forth, wanting that money. --Jack Handy Deep Thoughts Posts: 64 | From: CT | Registered: Jan 2005
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Trey Resources Announces MAPADOC EDI Sales Up 235% in First Two Months of 2005 Tuesday March 1, 9:10 am ET Sales of Company's EDI Solution Continues to Rapidly Expand
LIVINGSTON, N.J., March 1 /PRNewswire-FirstCall/ -- Trey Resources, Inc. (OTC Bulletin Board: TYRIA - News) announced today that the company's wholly owned subsidiary, SWK Technologies, Inc., the premier total solutions provider specializing in business software, had record sales of its MAPADOC EDI (electronic data interchange) solution in January and February. Each month the company shattered its previous record for sales in a single month, and MAPADOC sales for the first two months of 2005 are over 235% from the same period in 2004. ADVERTISEMENT
Gary Berman, CTO of SWK Technologies, said, "Our business continues to grow because of the reliability, functionality and ease of use of MAPADOC. We continue to win new clients, those who are new to EDI and those who are switching over to our software from competitors. When customers compare our solution to our competitors, they immediately recognize the value and benefits of MAPADOC."
Jeffrey Roth, CEO of SWK Technologies, said, "The additional capital invested in SWK Technologies by our parent, Trey Resources, is having a significant positive effect on our sales and marketing efforts. Our sales organization continues to successfully penetrate the small- and medium-sized business market in an aggressive fashion. We are now selling and marketing aggressively and effectively throughout the U.S. and the world. We have recently announced deals in Alabama, New York, California, and Canada. Trading partners serviced by our proprietary software include household names like Wal-Mart, General Motors, Home Depot and Lowe's. Our sales pipeline is exceptionally strong. We are closing on deals both large and small. Our business partner relationship with IBM gives us tremendous credibility in the marketplace. We expect to be in a position of announcing additional exciting transactions in the near future."
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. and Business Tech Solutions Group, Inc. For more information on Trey Resources, visit http://www.treyresources.com.
An online investor kit containing Trey press releases, SEC filings, current price Level II quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com and http://www.hawkmicrocaps.com. Investors may contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383, e-mail: info@hawkassociates.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.
-------------------------------------------------------------------------------- Source: Trey Resources, Inc.
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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LIVINGSTON, N.J., March 3 /PRNewswire-FirstCall/ -- Trey Resources, Inc. (OTC Bulletin Board: TYRIA) announced today that its wholly owned operating subsidiary, SWK Technologies, Inc., has closed on the previously announced transaction with the senior executives of Business Consulting Solutions, LLC (BCS), who have joined the SWK management team. BCS is a New York City-based information technology company and value-added reseller of Best Software's category-leading MAS 90/200/500 accounting software. Formed in 2002, BCS has installed systems at prominent companies throughout the New York City metropolitan region. BCS' management anticipates being able to immediately deliver more than $700,000 in annualized revenue to Trey. During 2004, BCS had revenues exceeding $700,000 and operating income in excess of $125,000. Accordingly, the deal is expected to be accretive to Trey's earnings. Mark Meller, president and CEO of Trey Resources, said, "BCS is a great information technology company. The company is an important and significant reseller of MAS 500 in the New York region. Andrew Rudin and his team have built a company with a solid revenue stream and an established customer base. Andy gives us a solid beachhead in the lucrative New York City and Long Island marketplaces, and his expertise in MAS 500, the enterprise-class financial accounting solution from Best Software, gives us the opportunity to close larger transactions more quickly. Andy's loyal customers are in the process of being consolidated with the extensive SWK client base; by the end of this week, the former BCS clients will list SWK as their MAS 90/200/500 'Reseller of Record.' Working in tandem with our management team and Trey's financial resources, we are confident that Andy will be able to rapidly increase sales and earnings over the next 12 months." Jeffrey Roth, CEO of SWK Technologies, said, "Andy Rudin, Lisa Margolies and Harry Bourne are exactly the types of professionals we want to work with. They have extensive expertise, stellar reputations and are outstanding individuals. Andy's affiliations with major regional accounting firms like Friedman LLP will continue to enhance our business." Andrew Rudin, formerly managing director of BCS and now vice president of SWK Technologies, said, "We entered into this transaction because we want to be part of creating a large, profitable, high-quality IT firm. Trey's acquisition program and financial capabilities will allow us to realize our maximum potential. We look forward to becoming part of the SWK Technologies team as we embark on the mission to create a dynamic success story that rewards both shareholders and employees." 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. and Business Tech Solutions Group, Inc. For more information, contact Trey Resources CEO Mark Meller at (973) 758-9555 or by e-mail at mark.meller@swktech.com. A profile for investors on Trey Resources may be found at the website http://www.hawkassociates.com/trey/profile.htm . An online investor kit containing Trey press releases, SEC filings, current Level II price quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com and http://www.hawkmicrocaps.com . Investors may contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383, e-mail: info@hawkassociates.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. SOURCE Trey Resources, Inc.
Contact Information: Mark Meller, CEO of Trey Resources, +1-973-758-9555, or mark.meller@swktech.com; or Investors, Frank Hawkins or Julie Marshall, both of Hawk Associates, +1-305-852-2383, or info@hawkassociates.com, for Trey Resources, Inc.
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