posted
Trey Resources Announces Sales Continue at Historic Pace 1/23/2006
MAPADOC Continues to Rapidly Penetrate EDI SMB Marketplace
LIVINGSTON, N.J., Jan 23, 2006 /PRNewswire-FirstCall via COMTEX/ -- Trey Resources, Inc. (OTC 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 manufacturer of original equipment parts for truck tractor manufacturers.
The client is part of a larger group of companies that support the transportation industry worldwide with an extensive range of high quality products and services. The referral for the MAPADOC solution came from one of the sister companies within the larger organization which has been using MAPADOC for a period of time. Their success with MAPADOC led to the adoption of the MAPADOC solution at the new client. There are 11 companies in total that are part of the larger group of companies.
The transaction is valued at over $42,000.
Dane DeSantis, Channel Sales Manager at SWK Technologies, said, "We are pleased that the referral for this sale came from one subsidiary to another within a larger holding company. Referrals of this type are the strongest statement possible about the value and benefits of MAPADOC. We hope that we will be able to provide MAPADOC to the other subsidiaries of the group over a period of time."
Tim Peterson, Director of Sales, said, "The client was looking for an integrated EDI Product for MAS200. They had some unique requirements when processing data. We were able to modify MAPADOC in a way that would meet the needs of the process. The client's QC Manager has told me that the MAPADOC solution will play a critical role at the company and is a central piece of their quality control initiative. We are gratified by their confidence, and look to work with them and their sister companies in the coming months."
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.
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.
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
