TYRIA.033 huge news:Read bold.IMO.05 to.10 with these kind of news not out of question.Also read the past PRs on some DD.Loaded with good stuff:IBM ETC:This stock should be .05 to .10 with all these News But todays news is huge.
(COMTEX) B: Trey Resources Secures Sarbanes-Oxley Assignment Company's Gro
ing Reputation Enables New Profit Center Expansion (
B: Trey Resources Secures Sarbanes-Oxley Assignment Company's Growing Reputation
Enables New Profit Center Expansion ( PRNewswire-FirstCall )These audits represent an ever-increasing profit center for SWK.
As
more and more of these public companies are required to phase in their
compliance with Sarbanes-Oxley in the next 12 months, we expect this market
opportunity to represent a large and lucrative profit center for SWK."
LIVINGSTON, N.J., Feb. 10, 2005 /PRNewswire-FirstCall via COMTEX/ -- Trey
Resources, Inc. (OTC Bulletin Board: TYRIA) announced today that SWK
Technologies, its wholly owned subsidiary, has been chosen to assist in the
technology audit for a public company as mandated by the current Sarbanes-Oxley
legislation. These audits represent an ever-increasing profit center for SWK.
Because of SWK's growing reputation in the field, part of the assignment will
include training a West Coast consulting firm so that they will be able to
conduct these audits themselves in the future.
SWK Technologies anticipates completing many such audits in order to assist
public companies in complying with the Sarbanes-Oxley Act of 2002.
Sarbanes-Oxley (commonly known as SOX) was enacted largely in response to the
large number of corporate and accounting scandals in the last few years
involving some of the most prominent companies in the U.S., such as Enron,
WorldCom and Global Crossing. It establishes new standards for corporate
accountability as well as penalties for corporate wrongdoing. Compliance with
SOX begins with the management's assessment of its internal controls over
financial reporting, a complicated and expensive process. Forty-eight percent of
public companies that need to comply with SOX will spend at least $500,000 on
compliance, according to finance executives who participated in a recent CFO
Magazine survey.
"We view Sarbanes-Oxley compliance to be an enormous opportunity for SWK and
Trey," said Jeffrey Roth, CEO of SWK Technologies. "SWK Technologies' core
competency lies in the planning, testing and documentation of IT systems for
compliance with the new regulations. We assess the environment, network, and
applications of the client. The market for SOX compliance, which is growing very
rapidly because it is mandated by law, is in many ways reminiscent of the demand
for Y2K solutions that were presented in the mid-1990s."
"SWK is well-positioned to perform these mandated technology audits," added Mark
Meller, CEO of Trey. "Our expertise in information technology and financial
software and reporting makes us well-suited to performing these critical and
expensive reviews. What's exciting about this market is that most public
companies have no choice; they must perform these audits or violate the law. As
more and more of these public companies are required to phase in their
compliance with Sarbanes-Oxley in the next 12 months, we expect this market
opportunity to represent a large and lucrative profit center for SWK."
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. and Business Tech Solutions Group, Inc. For more information
on Trey Resources, visit treyresources.com .
A profile for investors on Trey Resources may be found at the website
hawkassociates.com .
An online investor kit containing Trey press releases, SEC filings, current
Level II price quotes, interactive Java stock charts and other useful
information for investors can be found at hawkassociates.com and
hawkmicrocaps.com . Investors may contact Frank Hawkins or Julie
Marshall, Hawk Associates, at (305) 852-2383, e-mail: info@hawkassociates.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.
SOURCE Trey Resources, Inc.
CONTACT: Frank Hawkins or Julie Marshall, both of Hawk Associates, +1-
05-852-2383, or
info@hawkassociates.co, for Trey Resources, Inc.
URL: prnewswire.com
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Copyright (C) 2005 PR Newswire. All rights reserved.
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