TrinityCare Senior Living Announces $1.65 Million Investment Agreement

TrinityCare Senior Living, Inc. (OTCBB: TCSR), which develops, manages and owns faith-based senior living facilities, recently announced the execution of a $1.65 million investment agreement by RCHP, LLC, a Texas-based boutique investment firm.  The investment structure will be made on a per-project basis and will range from $225,000 to $300,000 in cash dependent upon the timing and location of new senior living projects. Each investment will be into a special purpose entity and will provide to RCHP, LLC a 10% accrued return on investment, with a target 18% internal rate of return over a three-to-five-year period. The return on investment will be paid in cash or stock at the option of TrinityCare.  The expected dilution to TrinityCare shareholders under this investment agreement is expected to be minimal.

"We are very pleased to have RCHP as an investor in our expansion. Their confidence in our vision and strategy is encouraging at a time when investment dollars are limited," stated Donald W. Sapaugh, Chairman and Chief Executive Officer of TrinityCare Senior Living, Inc. "This capital infusion, coupled with our senior lending agreements on new construction, will reduce our capital requirements significantly and allow us to achieve our previously outlined growth goals for 2010."