IRVINE, Calif., March 3 /PRNewswire-FirstCall/ -- Trinity3 Corporation
(OTC Bulletin Board: TRYT), announced today that Jeffrey S. Willmann had
joined its board of directors. Simultaneously, Trinity3 Corp. announced the
creation of a new Healthcare Development Division and has appointed Mr.
Willmann as its director.
This marks a major move in the company's strategy to vertically expand in
the durable medical equipment (DME), consumer health and orthopedics market.
"We are very excited to have a person of Jeff's caliber join our team. He
will focus on developing and expanding our new division through new internal
growth initiatives, acquisition of profitable, revenue-driven properties, and
expansion of the company's marketing strategies," said Steven Hargreaves,
president and CFO of Trinity3 Corp.
Mr. Willmann brings a wealth of knowledge and experience in the healthcare
industry. Currently he serves as acting chief financial officer to
LightBridge Hospice, Inc. of San Diego, outside board consultant to Family
Choice Health Plan of Michigan, and outside marketing consultant to Sharp
Health Plan of San Diego. From 2001 to 2003, Willmann served as vice
president and CFO of Sharp Health Plan, San Diego (a subsidiary of Sharp
HealthCare) where revenue more than doubled during his tenure.
Prior to Sharp, Willmann was a co-founder of Trinity Health Ventures,
Inc., where he served as president and chairman of the board from 1997 to
2001, before a successful sale of the company in 2001 to Odyssey Healthcare, a
publicly traded healthcare conglomerate with a market capitalization in excess
of $400 million. Prior to Trinity Health Ventures, Inc., Willmann had been
associated with healthcare industry leaders FHP, Inc. (merged into Pacificare,
in 1997) from 1996 to 1997, Aetna U.S. Healthcare from 1995 to 1996; and
Health Choice Arizona (formerly part of Tenet Healthcare) from 1991 to 1995.
Shannon Squyres, CEO of Trinity3 Corp. said, "We are embarking on an
important new phase in our development with the establishment of our
Healthcare Development Division. Jeff will add a new and energetic
perspective due to his deep roots and understanding of DME and healthcare.
The combination of his experience in the healthcare industry and his many
relationships with executives of health care systems, payers and other
healthcare information technology companies will enable us to identify
opportunities for growth and expansion that would not otherwise have been
available to us."
Mr. Willmann graduated from Arizona State University in 1993 with a Master
of Health Service Administration Degree (MHSA) and from Concordia College,
Moorhead, Minnesota with a Bachelor of Arts Degree (BA) in Hospital and
Business Administration, 1991 Cum Laude Honors.
Trinity3 Corporation acquired Skyline Orthopedics, Inc. in February of
2004, making Skyline a wholly-owned subsidiary of Trinity3 Corp. Skyline,
founded in 1994 and located in Newport Beach, California, is engaged in the
marketing and distribution of durable medical equipment (DME) and billing
systems to hospitals and related institutions, physician groups, and
healthcare insurance providers throughout California and Nevada.
Skyline services home health care organizations, a variety of physician
practices, physical and sports therapy clinics, and pain management clinics
throughout its rapidly expanding network. Skyline also provides technical
support and training to both the health care provider and patient. Its
products, which are primarily used in physical therapy and post-operative
recovery and rehabilitation, include a wide range of soft goods (custom
braces, supports, and other orthopedic products), and continuous passive
motion equipment. Trinity3 Corp. is working to expand the existing business
of Skyline while it seeks complementary products and services to add to the
About Trinity3 Corp.
Trinity3's mission is to build a profitable, diversified healthcare
holding company, through expansion of its operating divisions, becoming a
premier consumer healthcare and consumer products conglomerate noted for
quality, value and brand name recognition.
Certain statements in this release and other written or oral statements
made by or on behalf of the subject company(s) are "forward-looking
statements" within the meaning of the Federal securities laws. Statements
regarding future events and developments and our future performance, as well
as management's expectations, beliefs, plans estimates or projections relating
to the future are forward-looking statements within the meaning of these laws.
The forward-looking statements are subject to a number of risks and
uncertainties including market acceptance of the company's services and the
company's continued access to capital and other risks and uncertainties
outlined in its filings with the Securities and Exchange Commission, which are
incorporated herein by reference. The actual results the company achieves may
differ materially from any forward-looking statements due to such risks and
uncertainties. These statements are based on our current expectations and
speak only as of the date of such statements. The company undertakes no
obligation to publicly update or revise any forward-looking statement, whether
as a result of future events, new information or otherwise.
Shannon T. Squyres, CEO
SOURCE Trinity3 Corp.