IRVINE, Calif., March 3 /PRNewswire-FirstCall/ -- Trinity3 Corporation (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 mix.
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.
Forward-Looking Statements
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.
Company Contact: Shannon T. Squyres, CEO Trinity3 Corporation 949-910-2383
Trinity3 Corp.CONTACT: Shannon T. Squyres, CEO of Trinity3 Corporation,+1-949-910-2383
