TMOL Trimol Group Inc (CE)

Trimol Group, Inc. (OTCBB:TMOL) today announced that it and Intercomsoft Ltd. ("Intercomsoft"), it's wholly owned subsidiary, commenced a legal action against the Ministry of Economics of the Republic of Moldova and the Republic of Moldova seeking damages of approximately $41 million. "For the past decade, Intercomsoft has provided the good people of the Republic of Moldova with a technology intensive service that produced all of Moldova's national passports, driver's licenses and other essential government issued identification documents," stated Yuri Benenson, Chief Executive Officer of Trimol Group, Inc. "The blatant disregard by the Republic of Moldova of the payment for such services is unacceptable," concluded Mr. Benenson. The action was brought in the United States District Court for the Southern District of New York against the Ministry of Economics of the Republic of Moldova and the Republic of Moldova seeking damages and injunctive relief for various specified breaches of the Contract on Leasing Equipment and Licensing Technology dated April 29, 1996, as amended, between the Ministry of Economics of The Republic of Moldova and Intercomsoft (the "Supply Agreement"). The action seeks damages against the defendants in the aggregate amount of approximately $41 million as a consequence of such breaches, as well as injunctive relief against the defendants for continuing to utilize the equipment and technology licensed to defendants under the Supply Agreement or for otherwise engaging in activities competitive with Intercomsoft for the period specified in the applicable provisions of the Supply Agreement. Additional information with respect to this matter is available in the Company's Report on Form 8-K filed with the Securities and Exchange Commission on June 27, 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.