Registration Statement Regarding Merger of Trinity Partners and FreeSeas Declared Effective by SEC; Special Stockholders Meeting Scheduled for December 15, 2005

Business Wire, Nov 14, 2005

NEW YORK & PIRAEUS, Greece -- Trinity Partners Acquisition Company Inc. (OTCBB: TPQCA; TPQCB) and FreeSeas Inc. jointly announced today that the Securities and Exchange Commission has declared effective the Form F-1 registration statement concerning their proposed merger.

Trinity will hold a special meeting of its Class B stockholders and Class B unit holders on December 15, 2005 to approve the proposed merger. Only Trinity Class B stockholders and Class B unit holders of record as of November 10, 2005 are entitled to vote at the special stockholder meeting. A definitive joint proxy statement/prospectus will be mailed to stockholders on or about November 10, 2005. The merger is subject to customary closing conditions, including requisite approval by the Trinity Class B stockholders. The parties expect to close the proposed merger within three days after Trinity conducts its special stockholder meeting and receives the requisite Class B stockholder approval.

Trinity Class B stockholders and Class B unit holders are invited to attend the special meeting of stockholders to be held at 10:00 a.m. on Thursday, December 15, 2005 at the offices of Seward & Kissel LLP, One Battery Park Plaza, 20th Floor, New York, New York 10004.

Additional Information and Where to Find It

FreeSeas has filed a registration statement on Form F-1 and FreeSeas and Trinity have filed a joint proxy statement/prospectus with the SEC in connection with the proposed merger. Stockholders of each company are urged to read the registration statement and the joint proxy statement/prospectus filed with the SEC because it contains important information. Copies of these documents can be obtained from the SEC's web site at http://www.sec.gov, free of charge.

Safe Harbor Statement

This press release contains statements that are forward looking as that term is defined by the United States Private Securities Litigation Reform Act of 1995. These statements are based on current expectations that are subject to risks and uncertainties. Actual results may differ due to factors such as material adverse events affecting either company or the ability of either company to satisfy the conditions to completion of the merger. Readers are referred to Trinity's most recent periodic and other reports filed with the Securities and Exchange Commission.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of such jurisdiction.