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TrinityCare Senior Living, Inc. Announces Second Quarter Operating Results
Date:8/13/2009

FRIENDSWOOD, Texas, Aug. 13 /PRNewswire-FirstCall/ -- TrinityCare Senior Living, Inc. (OTC Bulletin Board: TCSR) ("TrinityCare" or the "Company"), which develops, manages and owns faith-based senior living facilities, today announced its operating results for the second quarter and first half of 2009.

For the three months ended June 30, 2009, total revenues increased 12% to $1,594,803, versus revenues of $1,428,476 in the second quarter of 2008. Gross profit increased 6% to $1,033,848 (64.8% of revenues) in the most recent quarter, compared with $1,027,846 (72.0% of revenues) in the three months ended June 30, 2008. The Company reduced its operating loss in the second quarter by 16% to ($196,125), compared with an operating loss of ($234,397) in the prior-year period. After interest expense, the Company reported a net loss of ($475,221), or ($0.26) per share, in the quarter ended June 30, 2009. In the year-earlier quarter, the Company reported a net loss before minority interest of ($692,719) and a net loss after minority interest of ($300,099), or ($5.34) per share. The number of weighted average shares outstanding in the second quarter of 2009 totaled 1,825,651, compared with 56,200 weighted average shares outstanding during the second quarter of 2008.

For the six months ended June 30, 2009, total revenues increased 15% to $3,141,804, versus revenues of $2,734,100 in the first half of 2008. Gross profit increased 18% to $1,847,555 (58.8% of revenues) in the first half of 2009, compared with $1,567,397 (57.3% of revenues) in the six months ended June 30, 2008. The Company's operating loss in the first half of 2009 totaled ($184,600), which represented a 53% improvement when compared with an operating loss of ($391,330) in the corresponding period of the previous year. After interest expense, the Company reported a net loss of ($721,167), or ($0.47) per share, in the
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SOURCE TrinityCare Senior Living, Inc.
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