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Trimol Group Announces Action Against The Government of the Republic of Moldova.

NEW YORK -- Trimol Group, Inc. (OTCBB:TMOL) today announced that Intercomsoft Ltd. ("Intercomsoft"), the Company's wholly owned subsidiary, advised the Ministry of Information Development of the Government of the Republic of Moldova ("Moldova"), in letters dated June 9, 2006 and June 12, 2006, that Moldova is in breach of the Contract on Leasing Equipment and Licensing Technology dated April 29, 1996, as amended, between Moldova and Intercomsoft (the "Supply Agreement") and demanded payment of amounts claimed due to Intercomsoft as a consequence of such breach. Such letters were sent to Moldova after Intercomsoft terminated lengthy negotiations with Moldova during which time it had attempted to resolve the matter without resorting to legal action.

Intercomsoft demanded payment from Moldova of approximately $2,500,000 in past-due lease and license payments under the Supply Agreement, including interest on such amount, for the period through April 29, 2006. In addition, Intercomsoft also demanded payment from Moldova of $4,261,240 for inflation adjustments and $17,598,443 in minimum guarantee deficiencies, in each instance, as provided under the terms of the Supply Agreement. Intercomsoft also disputed Moldova's notice of non-renewal of the Supply Agreement, effective April 29, 2006.

Intercomsoft notified Moldova that if these payments are not made by June 16, 2006, it intends to commence legal proceedings against Moldova for the recovery of such amounts.

Additional information with respect to such matter is available in the Company's Report on Form 8-K filed with the Securities and Exchange Commission on June 13, 2006.

Forward Looking Statements

This press release contains forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. These statements involve risks and uncertainties that could cause actual results to differ materially from those projected. For a complete list of risks and uncertainties, please see the Company's Form 10-KSB for the year ended Dec. 31, 2005 filed with the Securities and Exchange Commission.
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Publication:Business Wire
Geographic Code:1USA
Date:Jun 15, 2006
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