Trey Resources Closes Software Sale with Fashion House Thursday August 2, 10:32 am ET Transaction Valued at $102,000
LIVINGSTON, N.J., Aug. 2 /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 for manufacturers and distributors, has closed on a significant software sale with a major fashion house located in New York City. ADVERTISEMENT
The transaction, which involved Sage Software's MAS 500 and attendant services, was valued at over $102,000.
Lynn Berman, President of SWK Technologies, said, "We are very excited to announce the closing of this transaction. Our company's depth of talent and expertise gives us a significant competitive advantage over other solution providers in our marketplace, which is evidenced by the rapid pace at which we continue to win deals. Our sales momentum continues at a record pace, and we look forward to announcing even more exciting deals in the very 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., 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. Trey Resources was a recent spin-off of iVoice, Inc. (OTC Bulletin Board: IVOI - News).
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.
-------------------- Up Up and Away! Posts: 225 | From: Minneapolis | Registered: Jan 2006
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Holding this level pretty well. Might touch .0015 before it goes, but I think it will still bounce...
Posts: 2741 | From: Seattle | Registered: Feb 2005
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Touched .0015 today as I thought, just 2 500 share trades though.
Not sure if it will take out those .0015's then go, or if it will take off from here.
Bottom line, it will bounce, question is, from what level? Isn't that always the question?
Posts: 2741 | From: Seattle | Registered: Feb 2005
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quote:Originally posted by skip: Touched .0015 today as I thought, just 2 500 share trades though.
Not sure if it will take out those .0015's then go, or if it will take off from here.
Bottom line, it will bounce, question is, from what level? Isn't that always the question?
so it took out the .0015's. Fine with me, I'm loading this one up. Looks like pure summer time manipulation to me. It will turn...
Posts: 2741 | From: Seattle | Registered: Feb 2005
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IVOI filed today, o/s is still low at 109mil as of Monday. Numbers are still nice, over $800k gross profit in the last 6 months, and $11.8mil in assets
Looking good, up 38% so far today...
Posts: 2741 | From: Seattle | Registered: Feb 2005
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I am on Vacation all week but just came up to the room from the beach and saw the ask sitting at .0013 and decided to hit it, with a quick ratio of over 5 this thing is a steal at these levels.
-------------------- "Remember that time is money." Posts: 412 | From: Murfreesboro | Registered: Oct 2006
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I really like this one skip, the charts, vol..everything looks great, nice clean filing. just a matter if mm's let it go. man i like this chart
Posts: 6397 | Registered: Jan 2006
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*It has hit the bottom and the uptrend is very clear; *The voulume is picking up; *Low float - about 100 M shares; *The market cap is only about 170 K$, while it has an asset of 11.8 M$; * It got UHV and big takedown a few days ago.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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hey JimSC, nice little strategy system you have there, nice.
quote:Originally posted by JimSC: Great calls, Skip and Jordanm.
IVOI has met the Bottom-plus-volume model:
*It has hit the bottom and the uptrend is very clear; *The voulume is picking up; *Low float - about 100 M shares; *The market cap is only about 170 K$, while it has an asset of 11.8 M$; * It got UHV and big takedown a few days ago.
posted
now where is will to say he likes this?...lol..he may like it lower actually, seems like it wants to go. just not ready this week..
quote:Originally posted by cactus33: hey JimSC, nice little strategy system you have there, nice.
quote:Originally posted by JimSC: Great calls, Skip and Jordanm.
IVOI has met the Bottom-plus-volume model:
*It has hit the bottom and the uptrend is very clear; *The voulume is picking up; *Low float - about 100 M shares; *The market cap is only about 170 K$, while it has an asset of 11.8 M$; * It got UHV and big takedown a few days ago.
posted
Sat on .001 all day, cactus, had it at .0016, didn't behave like I expected, sold for .0018, no biggie. Might not see .001, but it sure is looking ripe!
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Looks like you are playing this one smart will, Yea It looked good there a couple times but the vol just didnt come, I guess it just wasnt ready. seems like it could move either way at this point, to .001 or finally break out back to past .003.. next week will tell the story... take care will
quote:Originally posted by will: Sat on .001 all day, cactus, had it at .0016, didn't behave like I expected, sold for .0018, no biggie. Might not see .001, but it sure is looking ripe!
posted
Hi, Cactus. I am glad that you like the Bottom-plus-volume model. Hope you can employ the system and find some good picks for us. The traditional bottom play is very dangerour because the pps can fall many steps further most of the time. I believe this system can greatly improve the chance of finding the real bottom.
quote:Originally posted by cactus33: hey JimSC, nice little strategy system you have there, nice.
quote:Originally posted by JimSC: Great calls, Skip and Jordanm.
IVOI has met the Bottom-plus-volume model:
*It has hit the bottom and the uptrend is very clear; *The voulume is picking up; *Low float - about 100 M shares; *The market cap is only about 170 K$, while it has an asset of 11.8 M$; * It got UHV and big takedown a few days ago.
quote:Originally posted by will: Sat on .001 all day, cactus, had it at .0016, didn't behave like I expected, sold for .0018, no biggie. Might not see .001, but it sure is looking ripe!
Hi, Will. Nice to read your post. Thanks for introducing the UHV concept to us. The Bottom-plus-model is based on UHV concept and other information.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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Trey Resources Reports Revenues in Excess of $1,795,000 for Second Quarter
Company Reports Best 6 Month Performance in Company History
LIVINGSTON, N.J., Aug 21, 2007 /PRNewswire-FirstCall via COMTEX/ -- Trey Resources, Inc. (OTC Bulletin Board: TYRIA), the premier total solutions provider specializing in business software for the small- and medium-sized business market, yesterday reported its financial results for its second quarter and six months ended June 30, 2007 in a Form 10-QSB filed with the SEC. For the quarter ending June 30, 2007, the Company reported revenue of $1,795,861 as compared to $1,568,772 for the second quarter of 2006, an increase of 14.5%.
The Company reported, on a consolidated basis, a net loss of $716,666 in the quarter ending June 30, 2007, as compared to a net loss of $638,899 for the quarter ended June 30, 20056, primarily due to increased corporate overhead, including additional sales and marketing expenses.
For the first six months of fiscal 2007, the Company reported revenue of $3,914,219 as compared to revenue of $2,907,706 for the first six months of 2006. This 34% increase reflects the continued growth of the Company's operating subsidiary, SWK Technologies, Inc.
Net loss on a consolidated basis for the first six months of fiscal 2007 was $908,259, versus a loss of $930,449 for the same period in 2006.
Mark Meller, CEO of Trey Resources, said, "Trey has grown in a short period of time from a company with no revenue, (back in May 2004), to a Company which today is reporting sales results at a run rate of $7.8 million per year. All indications point to a very active second half of the year. We are optimistic about the future and look forward to delivering superior financial results in the coming quarters."
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.
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: Mark Meller, CEO of Trey Resources, +1-973-758-9555, or mark.meller*swktech.com
posted
how is this trading so low? SSGI is ruining all the fun on this one, should be higher, if he moves it goes imo..news was pretty good
Posts: 6397 | Registered: Jan 2006
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