Buyer Executes Proposal to Finance Acquisition
Livingston, NJ, November 28, 2007 -- Trey Resources, Inc. (OTC Bulletin Board: TYRIA) today reported that SWK Solutions, LLC, a newly-created limited liability company formed by Jeffrey D. Roth, CEO of SWK Technologies, Inc. and its management team to acquire the business of SWK Technologies, has executed a financing proposal from an institutional investor to fund the acquisition.
Mark Meller, CEO of Trey Resources, said, “The transaction is moving forward at a steady pace. Now that a financing proposal has been executed, we can begin the arduous task of preparing and finalizing the legal agreements to close on the transaction. Due diligence has already commenced, and we expect that the transaction will be able to close in the first quarter of 2008 as scheduled.”
Jeffrey D. Roth, CEO of SWK Technologies, stated, “We are moving forward expeditiously, and look forward to finalizing the transaction as soon as possible.”
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”).
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