EX-99.1
8
exh99-1_14441.txt
PRESS RELEASE DATED JUNE 5, 2006
EXHIBIT 99.1
------------
TREY RESOURCES CLOSES ON ACQUISITION OF AMP-BEST
CONSULTING
ACQUISITION INCREASES COMPANY'S ANNUAL REVENUE BY OVER 40%;
TRANSACTION EXPECTED TO BE ACCRETIVE TO EARNINGS
Livingston, NJ - June 5, 2006 - Trey Resources, Inc. (OTC Bulletin Board: TYRIA)
announced today that the company's wholly owned subsidiary, SWK Technologies,
Inc., the premier total solutions provider specializing in accounting software
and supply-side software solutions, has closed on the acquisition of AMP-BEST
Consulting, Inc.
AMP-BEST is one of the most important and significant resellers of MAS 90/200
and MAS 500 solutions in the upstate New York region. The deal is forecast to
add more than $1,800,000 in annualized revenue and will be immediately accretive
to Trey's earnings. More information on AMP-BEST can be found at
www.amp-best.com.
Jeffrey D. Roth, SWK Technologies CEO, said, "We are pleased to welcome AMP-BEST
to the SWK Technologies family. This transaction gives us critical mass,
positioning us as one of the largest resellers and master developers of Sage
Software in the United States. With our management talent, in-house expertise,
and Trey's financial resources, we are confident that the combined companies
will be able to very rapidly increase sales and earnings".
Patrick J. Anson, President and CEO of AMP-BEST Consulting, Inc. stated, "The
speed at which we were able to close this transaction is a reflection of the
culture and values shared by our two companies. We are very excited about the
future."
Crandall "Chip" Melvin III, Vice President of AMP-BEST, commented, "The
Buffalo-Rochester-Syracuse corridor continues to grow, and AMP-BEST is a
recognized brand in this market. The combined SWK/AMP organization will have the
resources and drive necessary to dominate this market area".
Michelle A. Paparo, Vice-President of AMP-BEST, said, "We look forward to
building a very large and profitable company together with SWK. We have shown
that we work well together in the past, and we are confident about our abilities
to rapidly grow the company for the benefit of our shareholders and our
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., 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, www.amp-best.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. (OTCBB: "IVOI").
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.

EX - 99 . 1 8 exh99 - 1 _ 14441 . txt PRESS RELEASE DATED JUNE 5 , 2006 EXHIBIT 99 . 1 ------------ TREY RESOURCES CLOSES ON ACQUISITION OF AMP - BEST CONSULTING ACQUISITION INCREASES COMPANY 'S ANNUAL REVENUE BY OVER 40 % ; TRANSACTION EXPECTED TO BE ACCRETIVE TO EARNINGS Livingston , NJ - June 5 , 2006 - Trey Resources , Inc . ( OTC Bulletin Board : TYRIA ) announced today that the company 's wholly owned subsidiary , SWK Technologies , Inc . , the premier total solutions provider specializing in accounting software and supply - side software solutions , has closed on the acquisition of AMP - BEST Consulting , Inc . AMP - BEST is one of the most important and significant resellers of MAS 90 / 200 and MAS 500 solutions in the upstate New York region . The deal is forecast to add more than $ 1,800,000 in annualized revenue and will be immediately accretive to Trey 's earnings . More information on AMP - BEST can be found at www.amp-best.com . Jeffrey D . Roth , SWK Technologies CEO , said , " We are pleased to welcome AMP - BEST to the SWK Technologies family . This transaction gives us critical mass , positioning us as one of the largest resellers and master developers of Sage Software in the United States . With our management talent , in - house expertise , and Trey 's financial resources , we are confident that the combined companies will be able to very rapidly increase sales and earnings " . Patrick J . Anson , President and CEO of AMP - BEST Consulting , Inc . stated , " The speed at which we were able to close this transaction is a reflection of the culture and values shared by our two companies . We are very excited about the future . " Crandall " Chip " Melvin III , Vice President of AMP - BEST , commented , " The Buffalo - Rochester - Syracuse corridor continues to grow , and AMP - BEST is a recognized brand in this market . The combined SWK / AMP organization will have the resources and drive necessary to dominate this market area " . Michelle A . Paparo , Vice - President of AMP - BEST , said , " We look forward to building a very large and profitable company together with SWK . We have shown that we work well together in the past , and we are confident about our abilities to rapidly grow the company for the benefit of our shareholders and our 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 . , 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 , www.amp-best.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 . ( OTCBB : " IVOI " ) . 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 CAN NOT 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 .