Triant Enters Non-Binding Agreement to Negotiate Sale of Assets



    VANCOUVER, Aug. 14 /CNW/ - Triant Holdings Inc. (TSX:TNT, "Triant")
announced today that it has entered into a non-binding agreement to negotiate
the sale of the assets of its FDC (Fault Detection & Classification) business.
The prospective sale is subject to a number of conditions including the
negotiation of a definitive agreement acceptable to both parties, the
satisfactory completion of due diligence, and board, shareholder and
regulatory approvals as required. Triant's Board of Directors has appointed a
Special Committee to oversee these negotiations. There is no assurance that
such negotiations will result in a transaction.

    About Triant

    Triant develops and deploys equipment health monitoring and advanced
fault detection solutions. Our primary focus is currently the global
semiconductor industry where we provide innovative software solutions that
enable our customers to improve yield and throughput in their highly
sophisticated semiconductor manufacturing plants. To address the market
opportunity in the semiconductor industry, we have developed ModelWare(R), a
complete equipment health monitoring and advanced fault detection software
solution. Leading semiconductor companies are using ModelWare to improve their
competitive advantage in manufacturing integrated circuits. Triant's ModelWare
product is a commercially available, real-time equipment health monitoring and
advanced fault detection software solution aimed primarily at the
semiconductor industry. ModelWare is the result of many years of experience
Triant has in the development, deployment and application of these types of
software solutions. More information about Triant is available via the
Internet at www.triant.com.

    Forward-looking statements

    This news release contains forward-looking statements about Triant and
its business. Forward-looking statements are statements that are not
historical facts and are generally, but not always, identified by the words
"expects," "anticipates," "believes," "intends," "estimates," "projects" and
similar expressions, or that events or conditions "would," "may," "could" or
"should" occur. Forward-looking statements are based on the beliefs, opinions
and expectations of Triant's Management at the time they are made, and Triant
does not assume any obligation to update its forward-looking statements if
those beliefs, opinions or expectations, or other circumstances, should
change. Readers should not place undue reliance on forward-looking statements.
The forward-looking statements in this news release are subject to various
risks, uncertainties and other factors that could cause Triant's actual
results or achievements, including the outcome of any business process, to
differ materially from those expressed in or implied by forward-looking
statements. These risks, uncertainties and other factors include, without
limitation: whether the current negotiations for the sale of the assets of its
FDC (Fault Detection & Classification) business will result in a transaction;
the eligibility for continued listing on TSX, the alternatives available for
maintaining liquidity in a secondary market, the prospects for success of any
business process, the ability of any business process to enhance shareholder
value, whether or not any business process will result in the consummation of
a specific transaction, the ability of Triant to overcome the hesitancy that
Triant has noted among semiconductor manufacturers to commit to major capital
projects in light of the current uncertain macroeconomic environment and the
semiconductor industry slowdown in particular, the ability of Triant to
sustain operations and to continue as a going concern, the ability of Triant
to obtain additional working capital financing in the near term, and the
ability of Triant to raise additional capital, which is problematic given the
current state of capital markets, or to conclude a strategic initiative.

    %SEDAR: 00023157E




For further information:

For further information: Robert Heath, President & CEO/Mark Stephens,
CFO, Triant Holdings Inc., (604) 697-5090, mail@triant.com

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TRIANT HOLDINGS INC.

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