TRTH - TraiThien USA Comments on Profitable First Quarter 2011 with 32% Revenue Increase

Jul 07, 2011

OTC Disclosure & News Service

Ho Chi Minh City, Viet Nam -

TraiThien USA Comments on Profitable First Quarter 2011 with 32% Revenue Increase

HO CHI MINH CITY, VIETNAM –July 7, 2011 -- Trai Thien USA (OTCMarkets: TRTH) management today discussed the results of its first quarter 2011 financial results. Revenues for the quarter through 31 March increased 32.8% to $3,869,986 as compared to$2,913,249 in the first quarter 2010. Net Income also increased significantly from $871 in Q1 2010 to $420,715 in Q1 2011.

Khanh Nguyen, Chairman &President of Trai Thien USA, commented, “The upticks on our overall Revenues and Net Income for the first quarter 2011, as compared to last year, reflect an improving operating environment and the effectiveness of our strategy of concentrating on niche shipping markets. As the overall global economy continues to recover, and especially asthe Southeast Asia shipping market regains its vitality, we expect that TraiThien’s business results will continue to improve relative to 2010.”

AboutTrai 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 inputitems such as coal, ore, grain, lumber, cement, steel and fertilizer through out the Southeast Asia region. In order to meet anticipated continued growth in demand from an expanding base of overseas and domestic Vietnamese customers, aswell 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, aree xpected to be delivered in 2011 and 2012.