Trinity Partners and FreeSeas Announce Filing of Preliminary Proxy Material With SEC

Market Wire, May, 2005

Trinity Partners Acquisition Company Inc. (OTC BB: TPQCA) (OTC BB: TPQCB) and FreeSeas Inc. (formerly Adventure Holdings, S.A.) jointly announced today that the preliminary proxy statement seeking approval of the merger of Trinity Partners with and into FreeSeas Inc. has been filed with the Securities and Exchange Commission. The consummation of the merger is subject to, among other things, the mailing of a final proxy statement and obtaining the requisite vote of the Class B stockholders of Trinity Partners. There can be no assurance that the proposed transaction will be consummated.

FreeSeas currently operates as a privately held Marshall Islands corporation headquartered in Piraeus, Greece which was organized in April 2004 and acquired the M/V "Free Destiny" in August 2004 and the M/V "Free Envoy" in September 2004. These Handysize drybulk carriers have cargo capacities of 25,240 and 26,318 deadweight tons (dwt), respectively, and are deployed under Time Period Charter arrangements. FreeSeas has also entered into a memorandum of agreement to purchase for $11,025,000 a 1982 HandyMax drybulk carrier with capacity of approximately 40,000 dwt for delivery charter-free during the current quarter. FreeSeas is in the process of arranging suitable financing for the purchase. With this acquisition, FreeSeas' fleet would increase to 3 drybulk carriers. Drybulk carriers are employed for seaborne transportation of key commodities and raw materials such as iron and steel, fertilizers, minerals, forest/agricultural products (soybeans, wheat, corn), sugar, salt, ores, bauxite, alumina, cement and other construction materials transported in bulk.

Shareholders of Trinity Partners Acquisition Company Inc. are urged to read the registration statement filed with the Securities and Exchange Commission because it contains important information. The registration statement, including its exhibits, 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 business combination. 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.

For further information: Lawrence Burstein, President Trinity Partners Acquisition Company Inc. (212) 696-4282 lburstein@unitycapital.com Nicolas Bornozis Capital Link, Inc. New York (for FreeSeas) (212) 661-7566 nbornozis@capitallink.com