TriCell LTD (fka TCLL)

[JJSeabrook]

TCLL (.37) Announces $740 Million Revenue and $6.7 Million Profit For First Half of 2006


STAFFORDSHIRE, England, Aug. 21 /PRNewswire-FirstCall/ -- Tricell, Inc. (OTC Bulletin Board: TCLL), today announced revenue for the first six months of $740.9 million. This compares to $276.8 million in revenue for the same period in 2005. Profit for first half of 2006 was $6,776,389, as compared to a net loss of $162,038 for the same period in 2005. The increase in revenue is the result of our expanded trading operations, which since June 30, 2005, includes the operations of our wholly owned subsidiary, Ace Telecom. Tricell's increased profit is the result of both our expanded operations, our reduced cost of capital, and a one time gain of $3,620,523 realized on net liabilities written off from liquidated subsidiaries.

Tricell generated revenue of $357.4 million for the three months ended June 30, 2006 as compared to $220.5 million for the same period in 2005. Tricell's quarterly profit for the quarter ended June 30, 2006 was $1,769,382, as compared to a net loss of $74,930 for the same quarter last year. The significantly improved profitability in the second quarter of 2006 resulted primarily from Tricell internally financing a majority of its trading activities with cash flow from operations, whereas an external line of credit was used to finance operations for the second quarter of 2005.

Andre Salt, Tricell's CEO and Chairman, stated, "Our results through the first six months of 2006 and for the second quarter of 2006 are very satisfying and we look to continue this level of operations through 2006. We plan on building on our base of operations in 2007, including our projected expansion into the United States by the end of the 2007 second quarter. We are continuing to move forward with our plans to acquire N2J, which we hope will allow us to increase not only revenue, but our profit margin."

Tricell Inc. was established in 1999 as a distributor of mobile phones and related accessories to the wholesale markets in the UK, Europe, Middle East and Asia. For more information, please visit our website at http://www.tricellinc.com, or the SEC's Edgar filing system at http://www.sec.gov.

Disclaimer:

The above news release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). These statements are based on assumptions that management believes are reasonable based on currently available information. However, management's assumptions and the company's future performance are both subject to a wide range of business risks and external factors. There is no assurance that these goals and projections can or will be met.

SOURCE Tricell, Inc.

Contact Information: Jeff Nunn, Managing Director of Tricell, Inc., United Kingdom, [phone], or Fax, [phone], or [e-mail]

WebSite: http://www.tricelldistribution.com