Trai Thien USA Second Quarter 2011 Shows Increases in Revenue, Income from Operations and Net Income

HO CHI MINH CITY, Vietnam, Oct. 7, 2011 /PRNewswire/ -- Trai Thien USA (OTC Markets: TRTH) management today discussed the company's second quarter 2011 financial results.  Revenues for the quarter through June 30, 2011 increased seven percent as compared to the second quarter of 2010, with $3,829,013 in revenue as compared to $3,556,357 for the same period 2010.  Revenues for the six-month period ended June 30, 2011 increased nineteen percent as compared to the same period last year, with $7,698,999 in revenues compared to $6,469,606 in 2010.  The increase in revenues between 2010 and 2011 was mostly due to an improvement in the regional economic climate and an increase in the carrying capacity of the fleet.  

Income from operations increased from a loss of $5,282 in the second quarter of 2010, to a positive $504,842 in the same period this year.  Income from operations over the last two quarters grew 460%, from $250,052 in 2010 to $1,401,832 for the same period this year.

Net income increased strongly, as well, for the period with $348,763 in net income as compared to a loss of $537,304 in the second quarter 2010.  For the six month period ended June 30, 2011, net income grew to $742,211 as compared to a loss of $536,433 in 2011 for the same period.

Khanh Nguyen, Chairman & President of Trai Thien USA, commented, "These past two quarters, Trai Thien has focused on strengthening our balance sheet while continuing to maintain high fleet utilization rates. We believe that the positive movements in our revenue and income numbers reflect the effectiveness of our strategy. As global markets continue to recover into 2012, we expect niche Southeast Asian shipping markets to grow and for Trai Thien's business to benefit as a result of our strategic positioning."

The filing can be viewed at: http://www.otcmarkets.com/stock/TRTH/financials

About Trai Thien USA

Trai Thien USA is a fast-growing Vietnam-based dry bulk shipping company operating a 21,990 DWT fleet comprised of six geared bulk vessels specialized in providing ocean transportation services for raw material input items such as coal, ore, grain, lumber, cement, steel and fertilizer throughout the Southeast Asia region. In order to meet anticipated continued growth in demand from an expanding base of overseas and domestic Vietnamese customers, as well as to expand the geographic regions that it can service to include potentially more profitable routes in East and South Asia, Trai Thien has made deposits to acquire six larger 7600 DWT capacity new-buildings, which depending on the company's ability to meet additional capital resource requirements, are expected to be delivered in 2012.

Safe Harbor Statement: Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.

CONTACT: Jacob Nguyen of ProPublic Media, +1-310-740-3236, for Trai Thien USA

SOURCE Trai Thien USA