Everyone See The News On TYRIA Today? Best 0.0001 on the Market
Press Release Source: Trey Resources, Inc. On Monday February 28, 2011, 10:10 am EST
LIVINGSTON, NJ--(Marketwire - 02/28/11) - Trey Resources, Inc. (OTC.BB:TYRIA - News) announced today that the company's subsidiary, SWK Technologies, Inc., the premier total solutions provider specializing in business software for manufacturers and distributors, has closed on a software sale valued at over $700,000.
The transaction involves the sale of Sage Software's ERP X3 software and attendant consulting services. The customer is a multi-national manufacturer headquartered in the Midwest.
Mark Meller, CEO of Trey Resources, stated, "This is a watershed event in the history of our company. I applaud the foresight of SWK's senior management in making the commitment to ERP X3. We made a very large investment in order to train people in our organization on ERP X3, and in less than a year we have recouped that investment. While the sales cycle on ERP X3 deals may be longer, the size of the transactions are larger, and as a result, we anticipate announcing additional significant deals in the near future. We have high hopes that the financial results of 2011 will be a record for our company."
Andrew Nunez, COO and head of sales for SWK Technologies, said, "We are very pleased to be able to announce the closing of this transaction. It was a lot of work, but our company's reputation for depth of expertise, talent, quality and service has placed us in the enviable position of being able to compete and win these substantial opportunities. Our commitment to ERP X3 is unwavering, and we believe that this scalable solution will continue to generate an ever greater percentage of our revenue in the coming months. Our pipeline is strong, and continues to grow, partly because our reseller partners look to refer ERP X3 deals to us. This transaction was, in fact, a referral from a reseller partner. As a result, we look forward to announcing 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.
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.
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