Trimin Capital Corp.: 2005 First Quarter Financial Results

Business Wire, May 13, 2005

TORONTO -- Trimin Capital Corp. ("Trimin") (TSX:TMN) announces its financial results for the quarter ended March 31, 2005.

For the three month period ended March 31, 2005 Trimin reported a loss from continuing operation of $1.2 million ($0.07 per share) on sales of $19.2 million compared with a loss from continuing operations of $1.4 million ($0.09 per share) on sales of $16.2 million for the same period last year.

Financial Highlights                             Three months ended
                                                      March 31
                                               ---------------------
($000's except per share data)                      2005       2004
                                                          (restated)
Sales                                             19,220     16,270
Loss from operations                                (604)    (1,245)
Net Loss from continuing operations               (1,197)    (1,406)
Earnings per share
 Basic                                             (0.07)     (0.09)
 Diluted                                           (0.07)     (0.09)


The following schedule and notes thereto provide a breakdown of
Trimin's financial results for the three months ended March 31, 2005
and 2004:


                                    Three months ended March 31
                                       2005             2004
                                -------------------------------------
                                                    (restated)
                                               Net              Net
                                            Income           Income
($000's)                     Notes   Sales   (Loss)   Sales   (Loss)
---------------------------------------------------------------------
Snack Alliance                  (1)  8,504    (413)   6,095    (105)
HPG                             (1)  1,275    (544)     913  (1,596)
Vantis                        (1,2)  9,441      27    9,262     (75)
IPC                             (1)      -    (273)       -    (218)
Burntsand                       (1)      -     (59)       -     (25)
Gain on sale of investments,
 net of taxes                   (3)      -       -        -     214
Corporate/other                          -      65        -     399
---------------------------------------------------------------------
Total                               19,220  (1,197)  16,270  (1,406)
---------------------------------------------------------------------
---------------------------------------------------------------------

Notes:

(1) Trimin's financial results consolidate the operations of 61.9% owned Snack Alliance under the proportionate interest method of consolidation and 77.5% owned HPG and 76.2% owned Vantis under the purchase method of consolidation. Also included, under the equity method, are its 41.0% legal ownership interest in IPC and its 8.1% indirect interest in Burntsand.

(2) Vantis results include Vantis International Corporation from its date of acquisition in June 2002 and Lexington Services Corp. (Lexington) from its date of acquisition in November 2003. Certain comparative figures for Vantis have been restated to reflect corrections made as a result of the Lexington acquisition.

(3) On March 31, 2004, in conjunction with Trimin's previously announced management transition, Terry Holland acquired 4.6%, 9.1% and 9.6%, respectively, of Trimin's holdings in Snack Alliance, Vantis and Integrated Paving. This transaction resulted in a gain of $208,000 for the Company.

Highlights for First Quarter 2005

Trimin reported a net loss of $1.2 million in the first quarter 2005 compared to a loss of $1.4 million for the same period in 2004.

Despite great efforts by HPG's management over the past two years to develop new products and customers, it was decided to cut back production to eliminate HPG's ongoing operating losses. Further details of this decision are provided in the Management Discussion and Analysis of Results.

During the first quarter, Snack Alliance continues to upgrade its facilities at the Bristol location. Starting May 2, 2005, Snack Alliance will commence a co-packing agreement with Wise Food, to services Wise's Southeast requirements. This agreement will significantly increase Snack Alliance's sales.

Vantis experienced an increase in revenue during the first quarter of 2005 of 2% or $180,000 over the same period in 2004 as well as an overall increase in reservation volume of approximately 6.5%.

About Trimin Capital Corp.

Trimin Capital Corp. is a management company. Trimin's strategy is to acquire large equity interests in operating businesses - its "Partners in Industry" - and build value for its shareholders through a combination of the established skills of its corporate management and the strong operating management teams of acquired businesses.